According to Fortune Business Insights, The global ethylene market size was USD 166,520 million in 2019 and is projected to reach USD 245,005 million by 2027, exhibiting a CAGR of 5.6% during the forecast period. Asia Pacific dominated the ethylene market with a market share of 41.92% % in 2019. The growing utilization of plastics such as LDPE and HDPE coupled with technological advancement will bolster healthy growth of the market, states Fortune Business Insights, in a report, titled “Ethylene Market Size, Share & Industry Analysis and Regional Forecast, 2020-2027.”
C2H4 is a colorless and flammable gaseous organic compound that contains double-bonded carbon atoms. It produces polyethylene (PE), ethylene oxide, ethylene glycol, high-density polyethylene, 1,2-dichloroethane, vinyl acetate, and other compounds. Ethylene is a hydrocarbon compound with the chemical formula C2H4. It is a colorless, flammable gas with a sweet odor. Ethylene is one of the simplest unsaturated hydrocarbons and is widely used in industry.
| Report Attributes | Details |
|---|---|
| Forecast Period | 2020 - 2027 |
| Forecast CAGR | 5.2% |
| 2027 Value Projection | USD 245,005 million |
| Market Size in 2019 | USD 166,520 million |
| Historical Data | 2016-2018 |
| No. of Pages | 100 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered | · By Application· B |
| Regions Covered | · North America· Europe· Asia Pacific· Latin America· Middle East and Africa |
| Ethylene Market Growth Drivers | Rising Economic Development to Support Growth in Asia Pacific |
| Increasing Demand from Various End-use Industries to Propel the Product Demand |