Asia-Pacific Ethylene Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The Global Asia-Pacific Ethylene Market is anticipated to grow at a CAGR of around 5.9% during the forecast period, i.e., 2024-30. The growth of the market would be propelled mainly by the burgeoning demand for PE (Polyethylene) from the packaging industry, particularly from China, India, & Japan. Improved consumer lifestyles in these countries have created a high demand for quality-based plastic for daily use products. Besides, urbanization and population growth are augmenting the expansion of the construction & automotive sector and, consequently, fueling the demand for plastics.
Markntel Advisor’s Asia-Pacific Ethylene Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Asia-Pacific Ethylene Market drivers, barriers, Asia-Pacific Ethylene Market Trends, and Key Players in Asia-Pacific Ethylene Market.
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Asia-Pacific Ethylene Market Dynamics: 2024-2030
Asia-Pacific Ethylene Market Driver:
Ever-Rising Demand for Plastics & Packaging Materials – The growing middle-class populace and changing lifestyles in Asia-Pacific are leading to rapidly increasing consumption of packaged goods, which require ethylene-based products like polyethylene for packaging purposes. Since the packaging industry, including food & beverages, personal care products, and e-commerce packaging, is a major consumer of ethylene, its significant growth in Asia-Pacific is driving the ethylene market. In addition, the construction sector is also boosting the demand for polyethylene. With massive investments in infrastructure development, ethylene-based products like pipes, fittings, & construction materials are in high demand, i.e., another prominent aspect projected to drive the Asia-Pacific Ethylene Market during 2024-30.
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Asia-Pacific Ethylene Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Application
- High-Density Polyethylene
- Low-Density Polyethylene
- Ethylene Oxide
- Ethyl Benzene
- Others (Vinyl Acetate, Vinyl Acetate, etc.)
According to report, Of them all, HDPE (High-Density Polyethylene), with higher density & stronger molecular structure than LDPE (Low-Density Polyethylene), holds a significant share of the Asia-Pacific Ethylene Market.
- By Feedstock
- Naphtha
- Natural Gas
- By End-User Industry
- Chemicals
- Building & Construction
- Food & Beverages
- Personal Care
- Automotive
- Packaging
- Textile
- Others (Glass, Medical, Pulp & Paper, etc.)
According to report, Here, the significantly growing packaging industry in the Asia-Pacific region holds the most prominent market share.
By Region
- China
- Japan
- India
- South Korea
- South East Asia
- Oceania
- Rest of Asia-Pacific
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Top Companies Operating in the Asia-Pacific Ethylene Market:
- Reliance Industries Limited
- LyondellBasell Industries N.V.
- Mitsubishi Chemical Corporation
- Dow Chemicals
- Honam petrochemical
- LG chemical
- Sinochem Holdings
- Sinopec
- PetroChina
- Hengli Petrochemical
- Indian Oil Corporation Limited
- Haldia Petrochemicals Limited
- Others
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