ETHYLENE AND PROPYLENE MARKET ANALYSIS

Ethylene And Propylene Market, By Derivative Type (Ethylene (Polyethylene (HDPE, LDPE, and LLDPE), Ethylene Oxide, Others (Ethylene Dichloride etc.)), Propylene (Polypropylene, Propylene Oxide, Others (Cumene, Acrylonitrile etc.))), By Application (Chemical & Petrochemicals, Pharmaceuticals, Paints & Coatings, Others (Metal Fabrication etc.)), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)

Published In : Apr 2023
Code : CMI3007
Pages :160
Formats :
Excel and PDF
Industry : Bulk Chemicals

Regional Analysis

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