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increased demand for polythene products are expected to drive innovation in ethylene-petrochemicals manufacturing, thus driving the market during the forecast period.

The global ethylene-petrochemicals market is expected to grow from $102.91 billion in 2022 to $105.71 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The global ethylene-petrochemicals market size is expected to grow from $117.93 billion in 2027 at a CAGR of 2.8%.

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Global ethylene-petrochemicals market segments include:

• By Feedstock: Naphtha, Ethane, Propane, Butane, Other Feedstocks
• By Application: Polyethylene, Ethylene oxide, Ethylene benzene, Ethylene dichloride, Vinyl Acetate, Alpha Olefins
• By End User Industry: Packaging, Automotive, Construction, Agrochemical, Textile
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global ethylene-petrochemicals market in 2021.

Major Market Players in the ethylene-petrochemicals market include AkzoNobel, BASF SE, Borealis, Chevron Phillips Chemical Company LLC., China Petrochemical Corporation, China Petroleum & Chemical Corporation.

Ethylene-producing companies are investing in ways to develop bio-based green polyethylene compounds. These plastics are easy to produce, consume less energy and offer the same versatility as chemically synthesized plastic. Following the trend, in June 2021, Braskem, a Brazil-based biopolymer producer, launched the world’s first renewably-sourced polyethylene wax. This can be used for producing coatings, cosmetics, adhesives, and various other compounds.

The Ethylene-Petrochemicals Global Market Report 2023 provides a ethylene-petrochemicals market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ethylene-petrochemicals market forecast analyzes ethylene-petrochemicals market size, ethylene-petrochemicals market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Ethylene petrochemical refers to an acyclic hydrocarbon which is a colorless, flammable gas with a faint sweet and musky odor when its pure. It is the simplest alkene widely used in industry and is also a plant hormone.

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