ETHYLENE & PROPYLENE MARKET ANALYSIS

1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

2. ETHYLENE & PROPYLENE MARKET ANALYSIS • Ethylene & propylene are the major raw materials which are used in manufacturing a large amount of derivatives such as polyethylene, polypropylene, ethylene dichloride, cumene, and ethyl benzene. These derivatives are used by numerous end-use industries including packaging, coatings and paints etc. • Among derivate types, the ethylene segment accounted for the largest market share in 2018.

3. Among all types of ethylene, ethylene oxide sub-segment is expected to register the highest CAGR. Ethylene oxide is mainly used for production of monoethylene glycol, diethylene glycol, and triethylene glycol. Furthermore, it is also used in production of derivatives such as ethanolamine, ethoxylates, polyethylene glycol, glycol ethers, and polyether polyols. Furthermore, the polypropylene sub-segment is expected to register the highest CAGR over the forecast period in the propylene segment. Polypropylene is majorly used for film extrusion, and finds application in flexible and rigid packaging. Major application of these films is in packaging of food & beverage products. Other applications of polypropylene are in the manufacture of automotive interiors, consumer products, fabrics, and biaxially oriented polypropylene (BOPP) films. The growth of the food & beverage industry is expected to drive demand for flexible packaging, which in turn is projected to facilitate growth of the polypropylene segment over the forecast period.

5. Among application, the pharmaceuticals segment accounted for significant market share in the global Ethylene & Propylene Market in 2018, and is expected to register significant growth during 2019- 2027. Ethylene derivatives such as ethylene oxide are used to sterilize medical equipment and pharmaceutical products that cannot support high steam sterilization procedures, and other healthcare supplies such as ointments and bandages in order to reduce potential damage to products. It is also used as a disinfectant and fumigant. Due to increasing demand for ethylene oxide for production of commercially important derivatives, several market players are adopting strategies such as capacity expansions, and mergers and acquisitions, which is aiding growth of the pharmaceutical application segment. • Additionally, technologies such as Methanol-to-Olefins and coal to olefins (CTO) are being developed by market players in order to reduce production cost of ethylene & propylene. For instance, McDermott International, Inc. offers Lummus Technology's Light Olefins Recovery Technology which recovers ethylene and propylene that are produced in a Methanol-to-Olefins (MTO) process. This technology offers benefits such as high product recovery, low energy consumption and capital costs.

7. However, the introduction of stringent government regulations on the use of plastic manufactured by use of these polymers is expected to restrain growth of the market. • The global ethylene & propylene market was valued at US$ 325,264.5 million in 2018, and is expected to register a CAGR of 5.5 % in terms of revenue over the forecast period (2019 – 2027), to reach US$ 520,251.9 million by 2027. • Asia Pacific accounted for significant market share in the global ethylene & propylene market in 2018, and is expected to witness significant growth over the forecast period. This is owing to increasing demand for ethylene & propylene derivatives by various end-use industries such as automobile and packaging. This, in turn, has led companies in the region to invest in expanding the capacity of ethylene & propylene production plants. For instance, in 2015, in India, ethylene capacity expansion from 1.9 MMT to 3.2 MMT was planned by Reliance Industries in Jamnagar 3 project.

8. Companies are also adopting collaboration strategies with the objective of strengthening their market position and expanding their consumer base in the global market. For instance, in 2017, SABIC and ExxonMobil Chemical Company collaborated with the goal to invest in plants containing ethane steam crackers with an annual production capacity of 1.8 million tons of ethylene. • Major players operating in the global ethylene & propylene market 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. among others.

9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://https://www.coherentmarketinsights.com/market-insight/ethylene-and-propylene-market-3007

10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

11. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

12. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/