The Asia-Pacific Ethylene Market size is anticipated to grow at a CAGR of around 5.9% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Asia-Pacific Ethylene Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Application
- High-Density Polyethylene
- Low-Density Polyethylene
- Ethylene Oxide
- Ethyl Benzene
- Others (Vinyl Acetate, Vinyl Acetate, etc.)
- 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.)
- By Country
- China
- Japan
- India
- South Korea
- South East Asia
- Oceania
- Rest of Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Reliance Industries Limited, LyondellBasell Industries N.V., Mitsubishi Chemical Corporation, Dow Chemicals, Honam Petrochemical, LG Chemical, Sinochem Holdings, Sinopec, Others looking forward to strengthening their market positions.
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