The Global Ethylene Market is driven by increasing demand for polyethylene

The global ethylene market is primarily used in production of polyethylene which finds wide applications in packaging films, bags & sacks, blow molding, injection molding and other applications due to properties like durability, flexibility and cost-effectiveness. Ethylene is also used to produce ethylene oxide, ethylene dichloride, ethylene glycol and ethanol which further finds numerous downstream applications in textiles, detergents, antifreeze & de-icing products, films & resins among others. The growing demand for polyethylene in packaging, consumer goods and construction industries along with rising preferences for eco-friendly and sustainable products is projected to propel the demand for ethylene over the forecast period.

The global ethylene market size is expected to reach US$ 342.94 Bn by 2031, from US$ 220.10 Bn in 2023, exhibiting a CAGR of 5.7% during the forecast period.

Key Takeaways
Key players operating in the global ethylene market are Saudi Basic Industries Corporation (SABIC), Exxon Mobil Corporation, The Dow Chemical Company, Royal Dutch Shell plc, China Petroleum and Chemical Corporation (Sinopec Corporation), Chevron Phillips Chemical Company LLC, Total S.A., LyondellBasell Industries, National Petrochemical Company (NPC), and INEOS Group AG.

The growing Global Ethylene Market Demand for polyethylene in packaging films, plastic bags & sacks and containers from food & beverage, personal care & home care and other industries is expected to drive the ethylene market. Growing population, rising disposable incomes and changing lifestyles are some of the major factors fueling the demand in developing countries.

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