Ethylene And Propylene Market: Regional Analysis
Asia Pacific accounted for significant market share in the ethylene & propylene market in 2022, and is expected to witness significant growth over the forecast period. This is owing to the 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.
Figure 2. Global Ethylene And Propylene Market, By Region 2022
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