Ethylene And Propylene Market, By Derivative Type (Ethylene (Polyethylene (HDPE, LDPE, and LLDPE), Ethylene Oxide, Others (Ethylene Dichloride etc.)), Propylene (Polypropylene, Propylene Oxide, Others (Cumene, Acrylonitrile etc.))), By Application (Chemic

Ethylene And Propylene Market, By Derivative Type (Ethylene (Polyethylene (HDPE, LDPE, and LLDPE), Ethylene Oxide, Others (Ethylene Dichloride etc.)), Propylene (Polypropylene, Propylene Oxide, Others (Cumene, Acrylonitrile etc.))), By Application (Chemical & Petrochemicals, Pharmaceuticals, Paints & Coatings, Others (Metal Fabrication etc.)), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Ethylene is a hydrocarbon, which exists in the form of colorless flammable gas and has a faint sweet and musky odor when pure. Ethylene is used extensively in the chemical industry. Ethylene is also a natural plant hormone, and is used in the agriculture sector for ripening of fruits. Propylene is a colorless fuel gas with a naturally pungent smell. Propylene is obtained during the refining of gasoline and is flammable and non-toxic.

Market Dynamics

Among applications, the chemicals and petrochemicals segment holds the largest share in the global ethylene & propylene market. Ethylene is used in the production of vinyl chloride, which is used for producing polyvinyl chloride (PVC). Furthermore, propylene can be polymerized to form polypropylene polymers, which are widely used in the packaging industry. These factors are driving growth of the chemicals & petrochemicals segment. Propylene is also used as a raw material for producing cumene value chain, propylene oxide, n-butyl alcohol, acrylonitrile, acrylic acid and others, which is aiding the growth of the chemicals and petrochemicals segment.

Among regions, Asia Pacific accounted for a significant market share in 2022, owing to the increasing demand of ethylene and propylene from industries such as automobiles, construction, packaging, and consumer products, in emerging economies such as India and China. These factors are driving demand for ethylene and propylene derived plastic polymers such as polyvinyl chloride, polyethylene, polystyrene, polyethylene terephthalate, and polypropylene. According to the American Institute of Chemical Engineers (AICHE), the polymer market in India is driven by demand for polypropylene and polyethylene, which represented 73% of all the commodity resin consumed in 2015 to 2016.

Key features of the study:

• This report provides in-depth analysis of the ethylene & propylene market and provides market size (US$ Million & Million Tons) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the ethylene & propylene market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Exxon Mobil Corporation, Saudi Basic Industries Corporation, Royal Dutch Shell Plc, China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company LLC, Total S.A., LyondellBasell Industries N.V., National Petrochemical Company, INEOS Group and Dow Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up-gradation, market expansions, and marketing tactics
• The ethylene & propylene market report caters to various stakeholders in this industry including investors, suppliers, ethylene & propylene manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the ethylene & propylene market

Detailed Segmentation:

• Global Ethylene & Propylene Market, By Derivative Type:
• Ethylene
• Polyethylene
• HDPE
• LDPE
• LLDPE
• Ethylene oxide
• Others (Ethylene Dichloride etc.)
• Propylene
• Polypropylene
• Propylene Oxide
• Others (Cumene, Acrylonitrile etc.)
• Global Ethylene & Propylene Market, By Application:
• Chemical & Petrochemicals
• Pharmaceuticals
• Paints & Coatings
• Others (Metal Fabrication etc.)
• Global Ethylene & Propylene Market, By Region :
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Italy
• France
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Middle East & Africa
• Middle East
• Africa
• Company Profiles
• Exxon Mobil Corporation *
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Saudi Basic Industries Corporation
• Royal Dutch Shell Plc
• China Petroleum & Chemical Corporation
• Chevron Phillips Chemical Company LLC
• Total S.A.
• LyondellBasell Industries N.V.
• National Petrochemical Company
• INEOS Group
• Dow Inc.

“*” marked represents similar segmentation in other categories in the respective section.