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

The global ethylene market is expected to grow from $113 billion in 2021 to $125.02 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global ethylene market size is expected to grow to $161.61 billion in 2026 at a CAGR of 6.6%.

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Global Ethylene 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 market in 2021.

Major Market Players in the ethylene 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, Braskem, a Brazil-based biopolymer producer, partnered with LEGO Group, a Danish toy production company, to supply it with I’m greenT polyethylene. I’m greenT polyethylene is a plastic made from sugarcane that is 100% recyclable and contributes to the reduction of greenhouse gases.

The Ethylene Global Market Report 2023  provides a ethylene market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ethylene market forecast analyzes ethylene market size, ethylene 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 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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