The Latest Ethylene Industry Statistics Explained
Global ethylene capacity is projected to grow from 191.12 million tonnes per annum in 2020 to 241.41 million tonnes per annum by 2025, at an average annual growth rate of 4.7%.
The statistic indicates that the global ethylene production capacity is expected to increase from 191.12 million tonnes per annum in 2020 to 241.41 million tonnes per annum by 2025, reflecting a projected average annual growth rate of 4.7%. This implies a substantial expansion in the global capacity to produce ethylene over the five-year period. Ethylene is a key building block in the petrochemical industry and is used in the production of various products such as plastics, solvents, and fibers. The projected growth in ethylene capacity suggests a growing demand for ethylene-based products worldwide, indicating potential opportunities for the petrochemical industry and related sectors in the coming years.
Asia-Pacific region dominates the ethylene market with a share of approximately 60% of the total market in 2020.
The statistic indicates that the Asia-Pacific region had a significant presence in the ethylene market in 2020, accounting for approximately 60% of the total market share. This dominance suggests that the Asia-Pacific region played a crucial role in the global production and consumption of ethylene, a key chemical compound used in various industries such as plastics, chemicals, and manufacturing. The high market share signifies the region’s strong influence on ethylene prices, production capacity, and overall market dynamics. Factors such as industrial growth, infrastructure development, and favorable government policies likely contributed to the Asia-Pacific region’s dominance in the ethylene market during the specified year.
China accounted for over half of the global ethylene capacity with 63.87 million tonnes in 2020.
This statistic indicates that China was a dominant player in the global ethylene market in 2020, holding a significant share of the total capacity. With 63.87 million tonnes of ethylene production capacity, China accounted for more than half of the global capacity, highlighting its strategic position in the industry. This suggests that China is a major producer of ethylene, a key building block in the chemical industry used for manufacturing various products. The statistic underscores China’s influence and role in the global ethylene market, signaling its importance as a major player in the production and supply of this critical chemical compound.
The U.S. is the largest ethylene market in the Americas, accounting for over 90% of the regional capacity in 2020.
The statistic indicates that the United States possesses the highest ethylene market share among all countries in the Americas, representing more than 90% of the total ethylene production capacity in the region in the year 2020. This suggests that the U.S. is a dominant player in the ethylene market within the Americas, significantly outweighing the combined capacity of other countries in the region. The high market share held by the U.S. emphasizes its substantial influence on ethylene production and consumption in the Americas, showcasing its importance as a key player in the industry.
Polyethylene production is the largest application of ethylene, consuming over 60% of global production.
The statistic that polyethylene production is the largest application of ethylene, consuming over 60% of global production, highlights the significant role that polyethylene plays in the global ethylene market. Ethylene is a key building block chemical used in the production of various plastic products, with polyethylene being one of the most widely produced and versatile plastics in the world. The fact that polyethylene accounts for over 60% of global ethylene production underscores its dominance as a primary consumer of ethylene. This statistic not only showcases the substantial demand for polyethylene but also the overarching importance of the plastic industry in driving global ethylene production and consumption.
The global market for bio-ethylene is projected to reach USD 721.9 million by 2025.
The statistic that the global market for bio-ethylene is projected to reach USD 721.9 million by 2025 signifies the anticipated growth and economic value of the bio-ethylene industry over the specified period. This projection suggests an increasing demand for bio-ethylene, which is a renewable and sustainable alternative to traditional ethylene production methods. The estimated market value indicates potential opportunities for investors, manufacturers, and stakeholders within the bio-ethylene sector, highlighting the shift towards environmentally friendly and economically viable solutions in the chemical industry. Additionally, reaching this milestone by 2025 reflects a positive trend towards the adoption of bio-based materials and a growing emphasis on sustainability in the global marketplace.
Europe accounted for 16.8% of global ethylene capacity in 2020.
The statistic “Europe accounted for 16.8% of global ethylene capacity in 2020” indicates that the continent of Europe held a significant portion, specifically 16.8%, of the total production capacity for ethylene worldwide in the year 2020. Ethylene is a crucial chemical used in various industries such as manufacturing, agriculture, and packaging, making it an important indicator of industrial activity and economic output. The fact that Europe held nearly a fifth of the global ethylene capacity suggests a strong presence and contribution to the global chemical manufacturing sector. This statistic highlights Europe’s role as a key player in the production and supply of ethylene on a global scale.
In 2020, the ethylene production in Russia reached a volume of 7.5 million Metric Tons.
The statistic ‘In 2020, the ethylene production in Russia reached a volume of 7.5 million Metric Tons’ indicates the total quantity of ethylene, a key chemical compound used in the production of plastics, reached by Russia in the year 2020. Ethylene is a crucial component in various industries, including manufacturing, agriculture, and healthcare. The production of 7.5 million metric tons reflects the significant industrial capacity of Russia and highlights its role as a major player in the global chemical industry. This statistic gives insight into the economic activity and competitiveness of the Russian chemical sector within the international market.
By 2026, the demand for ethylene is expected to reach 200 million metric tons annually.
The statistic indicates that by the year 2026, the global demand for ethylene, a vital chemical compound used in various industries such as manufacturing, agriculture, and healthcare, is projected to increase significantly to reach 200 million metric tons per year. This estimate suggests a notable growth in the consumption of ethylene, driven by factors such as population growth, industrial expansion, and technological advancements. Meeting this rising demand will likely necessitate increased production capacity and operational efficiency within the ethylene supply chain to ensure a stable and sustainable global market for this essential chemical compound.
In 2020, the Middle East accounted for approximately 9.4% of global ethylene capacity.
The statistic states that in 2020, the Middle East region held about 9.4% of the total global ethylene production capacity. Ethylene is a key chemical used in the production of various plastic products and other industrial applications, making it an important economic indicator for the petrochemical industry. The Middle East’s significant share of global ethylene capacity highlights the region’s importance as a major player in the petrochemical sector, likely due to its abundant oil and gas reserves that serve as primary feedstocks for ethylene production. This statistic suggests that the Middle East is a crucial region for global ethylene production and plays a significant role in meeting the world’s demand for this essential chemical compound.
The ethylene market in India is projected to grow at a CAGR of 5.6% until 2025.
This statistic indicates that the ethylene market in India is expected to experience a Compound Annual Growth Rate (CAGR) of 5.6% until the year 2025. This implies a steady annual growth rate for the market size of ethylene in India over the specified period. A CAGR is a useful measure to assess the growth of a market as it provides a smooth and consistent representation of growth over time, taking into account both increases and decreases in growth rates. The projection suggests that the ethylene market in India is likely to expand steadily and offers insights for businesses and stakeholders in the industry to anticipate and plan for future growth opportunities and challenges.
The global market size of Ethylene Vinyl Acetate (EVA), one of the major applications of ethylene, is expected to reach USD 10.9 billion by 2026, growing at a CAGR of 5.1%.
The statistic indicates that the global market size of Ethylene Vinyl Acetate (EVA), a significant application of ethylene, is projected to increase to USD 10.9 billion by the year 2026, with a compound annual growth rate (CAGR) of 5.1%. This forecast suggests a steady growth trajectory for EVA over the specified time period, driven by factors such as its versatility, high performance, and diverse industrial applications. The increasing demand for EVA-based products across various industries, including footwear, packaging, automotive, and photovoltaic modules, is likely to contribute to the robust expansion of the market. Overall, the projected growth rate underscores the growing importance of EVA in the global market and highlights promising opportunities for businesses and investors in this sector.
Total installed capacity of ethylene in China is expected to reach 64.5 million metric tons per year by 2025.
The statistic indicates that the total installed capacity of ethylene production in China is projected to increase to 64.5 million metric tons per year by the year 2025. This suggests a significant growth in the capacity of ethylene production facilities in China, reflecting the country’s increasing demand for ethylene, a vital building block in the petrochemical industry. The expansion of ethylene production capacity in China could be driven by factors such as the growth of industries that rely on ethylene as a raw material, as well as strategic efforts to enhance the country’s self-sufficiency in key chemicals. This statistic highlights the importance of ethylene production in China’s industrial landscape and points towards a more robust domestic production capacity in the coming years.
The ethylene glycol market size is projected to grow from USD 24.6 billion in 2020 to USD 31.9 billion by 2025, at a CAGR of 5.4%.
The statistic indicates that the ethylene glycol market is expected to experience significant growth over the next five years, with the market size increasing from USD 24.6 billion in 2020 to USD 31.9 billion by 2025. This represents a Compound Annual Growth Rate (CAGR) of 5.4%, which signifies the average annual growth rate of the market during this period. The CAGR provides a smooth representation of the growth trend, suggesting a steady and sustained expansion in the demand for ethylene glycol. This projection is crucial for companies operating in the ethylene glycol industry, investors, policymakers, and other stakeholders to make informed decisions regarding investments, resource allocation, and strategic planning for the future.
In 2020, an estimated 19% of global ethylene was produced from oil-based naphtha.
The statistic indicates that approximately 19% of the total global ethylene production in the year 2020 was derived from oil-based naphtha. Ethylene is a crucial chemical compound in various industries, especially in the production of plastics, resins, and fibers. Naphtha is a common feedstock in the petrochemical industry, providing a source of hydrocarbons for ethylene production. The fact that almost a fifth of ethylene was produced from naphtha underscores the significance of oil-based sources in meeting global ethylene demand. This statistic also highlights the continued reliance on traditional fossil fuel-based feedstocks for ethylene production.
The Ethylene propylene diene monomer (EPDM) market, a major product derived from ethylene, is projected to reach USD 6.46 billion by 2026.
The statistic indicates that the Ethylene propylene diene monomer (EPDM) market, a significant product obtained from ethylene, is forecasted to achieve a market value of USD 6.46 billion by the year 2026. This projected growth suggests a strong market demand for EPDM, which is a versatile synthetic rubber used in various applications such as automotive components, construction materials, and industrial goods. The estimated market value reflects the anticipated expansion of industries that rely on EPDM, indicating potential investment opportunities and market stability for key stakeholders within the EPDM sector.
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