![Global Ethylene Market](https://res.cloudinary.com/devmoveo/image/upload/v1705313700/skyquest/report/phppNtzB5.jpg)
Report ID: SQMIG15A2256
Report ID:
SQMIG15A2256 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
104 |
Figures:
78
This market is dominated by the Asia Pacific region, which is credited with this growth of end-use industries like packaging, automotive, textile, construction, agrochemical, etc. Additionally, the rapid industrialization and urbanization of developing nations like China and India, as well as their established agricultural sector, have led to an increase in the demand for items made of polyethylene. Due to rigorous restrictions and regulations on the use of materials generating VOC, the North American and European areas are predicted to have an average rise. On the other hand, the demand for cars in the European area is quite strong, which may contribute to the expansion of this industry in that region.
With the use of cutting-edge technology, Germany, one of the world's top makers of vehicles, offers extremely effective solutions for the use of plastic in autos, resulting in less weight and cheaper production costs. Every form of raw material may be found in the Middle East and Africa, and these regions are predicted to increase moderately throughout the evaluation period. Due to the high rate of urbanization and expanding innovations in this region, Brazil will be primarily responsible for growth in this region.
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REQUEST FREE CUSTOMIZATIONEthylene Market size was valued at USD 122.17 billion in 2019 and is poised to grow from USD 129.5 billion in 2023 to USD 194.7 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).
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Report ID: SQMIG15A2256