Global Ethylene and Propylene Market Insights, Forecast to 2028

Market Analysis and Insights: Global Ethylene and Propylene Market

Due to the COVID-19 pandemic, the global Ethylene and Propylene market size was US$ 364.54 billion in 2021 and is forecast to a readjusted size of US$ 282.57 billion by 2028 with a CAGR of -2.69% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Ethylene accounting for 53.6% of the Ethylene and Propylene global market in 2021, is projected to value US$ 162,458.33 million by 2028, growing at a revised -2.05 CAGR from 2022 to 2028. While Propylene segment is altered to an -3.51% CAGR throughout this forecast period.

The global key manufacturers of Ethylene and Propylene include SINOPEC, Dow, LyondellBasell, Exxon Mobil, Aramco, ADNOC, CNPC, Shell, Formosa Plastics Group and NPC, etc. In 2021, the global top five players hold a share approximately 24.30% in sales volume, and in term of revenue of Ethylene and Propylene, the top five companies hold a share nearly 25.75%.

The Asia Pacific Ethylene and Propylene market size was US$ 185.80 billion in 2021, while China size was US$ 112.22 million. The proportion of the Asia Pacific was 50.97% in 2021, while China percentage was 60.39%, and it is predicted that China share will reach 62.42% in 2028, trailing a CAGR of 0.5% through the analysis period. As for the Europe Ethylene and Propylene landscape, Germany is projected to reach US$ 1,235.95 million by 2028. and in USMCA, the notable markets is United States, CAGR is -6.1% respectively for the next 6-year period.

In terms of production side, this report researches the Ethylene and Propylene capacity, production, growth rate, market share by manufacturers and regional level and country level, from 2017 to 2022, and forecast to 2028.

The production capacity in this report is mainly based on the nameplate capacity, and the manufacturer's capacity data includes the part of the joint venture.

It should be pointed out that the revenue market size described in this report refers to the output value calculated according to the market price of ethylene and propylene. Most ethylene and propylene production enterprises have downstream derivatives manufacturing business, and the ethylene and propylene traded between enterprises are usually quoted based on the market price, plus processing fees.

In this report, KMT is equal to Kilo Metric Tones.

In terms of sales side, this report focuses on the sales of Ethylene and Propylene by regions (countries), company, by Progress and by Application. from 2017 to 2022 and forecast to 2028.

The global Ethylene and Propylene market is thoroughly, accurately, and comprehensively assessed in the report with a large focus on market dynamics, market competition, regional growth, segmental analysis, and key growth strategies. Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Progress segment of the global Ethylene and Propylene market. These figures have been provided in terms of both revenue and volume for the period 2017-2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

By Company

─ SINOPEC

─ Dow

─ LyondellBasell

─ Exxon Mobil

─ Aramco

─ ADNOC

─ CNPC

─ Shell

─ Formosa Plastics Group

─ NPC

Segment by Type

─ Ethylene

─ Propylene

Segment by Application

─ HDPE

─ LLDPE

─ LDPE

─ Ethylene Oxide (EO)

─ Ethylene Dichloride (EDC)

─ Ethylbenzene (EB)

─ Alpha Olefins

─ Vinyl Acetate (VAM)

─ Polypropylene (PP)

─ Propylene Oxide (PO)

─ Acrylonitrile (ACN)

─ Others

Production by Region

─ Asia Pacific

─ Europe

─ USMCA

─ Middle East and Africa

─ CIS

─ Central & South America

Sales by Region

─ Asia Pacific

─ Europe

─ USMCA

─ Middle East and Africa

─ CIS

─ Central & South America

─ China

─ United States

─ Saudi Arabia

─ South Korea

─ Japan

─ India

─ Iran

─ Germany

─ Russia

─ Thailand

─ Canada

─ Taiwan China

─ Brazil

─ Singapore

─ Netherlands

─ France

─ Belgium

─ Mexico

─ United Kingdom

─ Spain

─ Italy

─ Argentina Show more