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About this market
Emergence of bio-ethylene to drive market growth. Ethylene is one of the basic organic commodity chemicals. It is used as a feedstock for several downstream chemical products and is the largest bulk chemical (in terms of volume) to produce plastics across the globe. However, fluctuating prices of crude oil and depleting resources fossil fuels drive the need for biochemical routes for producing ethylene. analysts have predicted that the ethylene market will register a CAGR of close to 4% by 2023.
Market Overview
Growth in the flexible packaging industry
One of the major drivers of the global ethylene market is the increasing demand for packaging materials from the food and beverages industry and other industries such as consumer goods, electronics, and pharmaceuticals. LDPE and LLDPE are extensively used in flexible packaging. It is used in a variety of applications such as food and beverages. consumer products. and medical products.
Decreasing use of plastics
Environmental concerns regarding the use of plastic packaging for various applications will be a serious challenge to the global ethylene market. Ethylene is widely used in the packaging sector, and bans which imposed on plastic products can hamper the production of ethylene during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the ethylene market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including DowDuPont and Exxon Mobil the competitive environment is quite intense. Factors such as emergence of bio-ethylene and the growth in the flexible packaging industry, will provide considerable growth opportunities to ethylene manufactures. China Petroleum & Chemical, DowDuPont, Exxon Mobil, LyondellBasell Industries Holdings, SABIC, and Shell International are some of the major companies covered in this report.
Emergence of bio-ethylene to drive market growth. Ethylene is one of the basic organic commodity chemicals. It is used as a feedstock for several downstream chemical products and is the largest bulk chemical (in terms of volume) to produce plastics across the globe. However, fluctuating prices of crude oil and depleting resources fossil fuels drive the need for biochemical routes for producing ethylene. analysts have predicted that the ethylene market will register a CAGR of close to 4% by 2023.
Market Overview
Growth in the flexible packaging industry
One of the major drivers of the global ethylene market is the increasing demand for packaging materials from the food and beverages industry and other industries such as consumer goods, electronics, and pharmaceuticals. LDPE and LLDPE are extensively used in flexible packaging. It is used in a variety of applications such as food and beverages. consumer products. and medical products.
Decreasing use of plastics
Environmental concerns regarding the use of plastic packaging for various applications will be a serious challenge to the global ethylene market. Ethylene is widely used in the packaging sector, and bans which imposed on plastic products can hamper the production of ethylene during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the ethylene market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including DowDuPont and Exxon Mobil the competitive environment is quite intense. Factors such as emergence of bio-ethylene and the growth in the flexible packaging industry, will provide considerable growth opportunities to ethylene manufactures. China Petroleum & Chemical, DowDuPont, Exxon Mobil, LyondellBasell Industries Holdings, SABIC, and Shell International are some of the major companies covered in this report.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
