Analysis of the Global Ethylene Market in terms of Market Dynamics in Historic and Forecast Period
Ethylene is the lightest olefinic hydrocarbon or organic hydrocarbon is the basic raw material generally derived from various hydrocarbons which are largely used in the manufacturing of polymers such as fibers, polymer plastics and other organic chemicals. Naphtha and ethane are the major feedstocks used to produce ethylene globally. The other feedstocks used in manufacturing ethylene are butane, propane, coal, methanol to olefins (MTO) and gas oil.
Ask for detailed Sample of the Research [email protected] https://www.coherentmarketinsights.com/insight/request-sample/371
Naphtha feedstock segment dominated the ethylene market in 2016. Naphtha is the largest feedstock used in the Asia-Pacific, and Western Europe regions. Ethane is the dominant feedstock used in North America, and Middle East regions. The production cost of ethylene is comparatively low with ethane as a feedstock compared to naphtha. In North America, the boom in exploiting shale gas reserves has led in producing low cost ethane gas, hence lowering the production cost of ethylene to 60% as compared to naphtha as a feedstock. Saudi Arabia being one of the largest producer of oil and gas in Middle East region is able to produce ethylene in just approximately US$ 50 per metric ton with ethane as a feedstock. Moreover, the regions such as Asia-Pacific, Middle East, and North America are also using coal, propane, butane and MTO as a feedstock to produce ethylene at a low cost on comparing with naphtha. Currently, North America and Middle East are the dominant regions for consuming propane and butane as a feedstock for producing ethylene in much lower cost than naphtha. Furthermore, the boom in exploiting shale gas reserves for the production of ethane in North America has led to a lot of capacity expansions in ethylene plants. Also, China which is the largest coal consuming country in developing energy has started using coal as a feedstock to produce ethylene from its coal to olefins (CTO) and methanol to olefins (MTO) plants; This has lowered the cost of producing ethylene at a much higher rate in the country, which in turn has led to lot of capacity expansions of ethylene in China. Hence, the feedstock cost trends are largely driving consumption growth between geographic regions. The growing consumption of ethane, propane, butane and coal for the low cost of production of ethylene is the major factor for the robust growth in the ethylene market during the forecast period.
Ethylene is the raw material which is used in the manufacture of various derivatives such as polyethylene, ethylene oxide, ethylene dichloride and other derivatives, namely, ethyl benzene, vinyl acetate, alpha olefins, etc. Polyethylene is estimated to be the largest derivative segment and has accounted for over 60% in the global ethylene market. Polyethylene is widely used in the manufacturing of various key derivatives, namely, high density polyethylene (HDPE), low density polyethylene (LDPE), linear low density polyethylene (LLDPE), cross-linked polyethylene (PEX), and many more. These derivatives are largely used in food & non-food packaging, shrink & elastic films, extruded pipes, and molding applications. Hence, the growing polyethylene market in developing regions such as Asia Pacific, Latin America, and Middle East regions is making polyethylene as the largest derivative segment in the ethylene market.
Ask for Customization of Research [email protected] https://www.coherentmarketinsights.com/insight/request-customization/371
The global Ethylene market was valued at US$ 107.65 billion and 146.6 million metric tons in 2016 and is expected to expand at a CAGR of 8.7% in terms of revenue and 5.3% in terms of volume during 2017 – 2025.
You may be interested
The Non-Invasive Technology And Increasing Prevalence Is Expected To Boost The Growth Of Optical Imaging MarketMohit Joshi - October 18, 2018
The Optical Imaging Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released Optical Imaging Market research report. The report has…
Digital Wound Management Devices Market: New Innovative Solution to Measure the WoundsMohit Joshi - October 18, 2018
The Digital Wound Management Devices Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released research report. The report has…
Carbon Nanotubes (CNT) Market – Increasing Healthcare Applications To Boost Market GrowthMohit Joshi - October 18, 2018
The Carbon Nanotubes (CNT) Market is expected to have a highly positive growth outlook from 2018-2026 according to a recently released Carbon Nanotubes (CNT) Market research report. The…