Global Ethylene Market - To Surpass US $230 Billio n by 2025, Buoyed by Rampant Capacity Expansion By Major Players © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Ethylene– Insights: The Global Ethylene Market was estimated at US$ 121.07 Billion and 146.6 million metric tons in 2016, according to a new report published by Coherent Market Insights. Ethylene is a colorless, flammable gas with sweet and musky odor, having molecular formula C2H4. Ethylene is widely used in the manufacturing of various derivative such as polyethylene, ethylene oxide, ethylene dichloride and others. Ethylene is also used in agriculture industry as a natural plant hormone, which helps in ripening of fruits. Manufacturing industry uses various processes in the manufacture of ethylene, which includes, steam cracking of hydrocarbons followed by compression and distillation. There are various feedstocks which are used in the production of ethylene includes naphtha, ethane, butane, propane, coal, and others (Methanol to olefins (MTO), gasoil). Ethylene is mainly used in the production of polyethylene, which finds wide applications in packaging industry, automobiles, construction and manufacturing units. These are mainly attributed due to its high tensile strength, resistance to chemicals and heat. Key Feedstock Trends and Analysis of the Ethylene market: Naphtha feedstock segment dominated the ethylene market in 2016, according to the stats provided by Coherent Market Insights. Naphtha is the largest feedstock used in the Asia-Pacific, and Western Europe regions. Ethane is the dominant feedstock used in North America, and Middle East regions. The production cost of ethylene is comparatively low with ethane as a feedstock compared to naphtha. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Key Feedstock Trends and Analysis of the Ethylene market: ● Saudi Arabia being one of the largest producer of oil and gas in Middle East region is able to produce ethylene in just approximately US$ 50 per metric ton with ethane as a feedstock, which in turn is leading to the high capacity addition in the region. The Gulf Cooperation Council (GCC) countries contributed 11% of global petrochemical-capacity growth over the past ten years and are now a leading global producer and supplier to world markets of ethylene and its derivatives. There are many projects which are under construction or at the planning stage in Saudi Arabia, Kuwait, Abu Dhabi, and Oman would be able to add a further 34 million tons of annual capacity over the following years, which in turn will increase the GCC’s share of global ethylene production from 18% to 21% by 2025. Request Sample of Global Ethylene Market:https://www.coherentmarketinsights.com/insight/request-sample/371 ● ● In Asia-Pacific, China is the largest coal consuming country in developing energy has started using coal and MTO as a feedstock to produce ethylene from its coal to olefins (CTO) and methanol to olefins (MTO) plants. This has lowered the cost of producing ethylene at a much higher rate in the country, which in turn has led to lot of capacity expansions of ethylene in China. Furthermore, the ethylene capacity in India for fiscal year 2016-17 is projected at 4.8 MMT which includes Reliance J3 expansion as well as ONGC Petro additions Limited (OPAL) having commissioned its mega petrochemical complex at Dahej. The total ethylene capacity in India is projected to be 7.2 MMT during fiscal year 201718. Hence, the feedstock cost trends are largely driving consumption growth between geographic regions. The growing consumption of ethane, propane, butane and coal for the low cost of production of ethylene is the major factor for the robust growth in the ethylene market during the forecast period. © Coherent market Insights. All Rights Reserved Key takeaways of the market: ● Asia Pacific is expected to dominate the market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand of ethylene derivatives in various end-use industries such as packaging, automobile, and construction industry, and continuous capacity addition of ethylene in China and India over following years are the major driving force to position Asia-Pacific as the largest and fastest-growing region in the global ethylene market. Moreover, North America is expected to experience a second highest CAGR of 5.6% in terms of volume, during the forecast period. This is due to the shale gas boom in the country is leading to the huge growth in the natural gas production which in turn is allowing North America for the huge capacity addition in the following years. To Get Discount On This Report:https://www.coherentmarketinsights.com/insight/request-discount/371 ● ● The market in Middle East is expected to register a significant growth rate over the forecast period. Capacity addition coupled with cheap raw material price are expected to create lucrative growth opportunities for the market in this region. For instance, Sadara Chemical Company announced to increase their ethylene production capacity by 1500 thousand metric tons per year in Saudi Arabia. There are various organic, and inorganic growth strategies which are being followed by the leading market players in the market. Capacity expansion is leading to the key driver in the acquisition and joint ventures. For instance, Mexichem had signed a 50/50% co-investment agreement with OxyChem to build a 550 thousand ton annual capacity ethylene cracker, investing close to US$1.5 billion, and is expected to start operation in 2017. © Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. 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