Ethylene Market Scpe To Reach USD 170 Billion By 2033 Globally


(MENAFN- America News Hour) Research Nester assesses the growth of global ethylene market over the forecast period, i.e., 2023-2033 and evaluates its future prospects. Rising demand for polythene and the growing inclination of people toward packaged food and beverages to drive market growth.

New York – October 10, 2022 – Research Nester's recent market research analysis on
“ethylene market : Global Demand Analysis & Opportunity Outlook 2033”
delivers a detailed competitors analysis and a detailed overview of the global ethylene market in terms of market segmentation by application, feedstock, end-user, and by region.

Growing Demand for Packaged Food and Beverages to Drive Growth of Global Ethylene Market

The global ethylene market is estimated to grow majorly on account of the increasing number of consumers ordering ready-to-eat or ready-to-make and other sorts of packaged food owing to hectic lifestyles. As per one of the surveys, by the end of 2033, there will possibly be more than 519 million users in India who will be dependent on the online food ordering system. Additionally, rising investment by key market players in manufacturing, packaging, and effective supply chain of packaged foods across the world is estimated to propel market growth.

The market research report on global ethylene encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.

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By end-user, the global ethylene market is segmented into packaging, automotive, construction, agrochemical, textile, chemicals, rubber & plastics, and others. Out of which, the packaging segment is anticipated to hold the largest market size by the end of 2033 on the back of increasing demand for packaging due to COVID-19. The development of advanced surgical procedures by research institutes is estimated to drive segment growth. During the pandemic, people's concerns about their safety grew, and everyone began shopping online. which is then projected to accelerate the market's growth. As a result, the U.S.'s e-commerce sales in the second quarter of 2022 totaled USD 257.3 billion, up 2.7% from the first.

By region, the North America ethylene market is to generate the highest revenue by the end of 2033. This growth is anticipated by the increasing urbanization and rising construction and infrastructure development in the region. The market size of the American construction sector was noted to be valued at over 2 trillion dollars in 2021, and it is anticipated to increase even more in the following year.

The research is global in nature and covers detailed analysis on the ethylene market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global ethylene market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

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This report also provides the existing competitive scenario of some of the key players of the global ethylene market which includes company profiling of Saudi Basic Industries Corporation, Exxon Mobil Corporation, Shell International B.V., Chevron Philips Chemical Company LLC, TotalEnergies Company, Lyondellbasell Industries Holdings N.V., China National Petroleum Corporation, Repsol, SA, BASF SE, Westlake Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global ethylene market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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