Ethylene Market Size Worth $238.39 Billion By 2032 | CAGR: 5.7%

Ethylene Market Size Worth $238.39 Billion By 2032 | CAGR: 5.7%

The global ethylene market size is expected to reach USD 238.39 billion by 2032, according to a new study by Polaris Market Research. The report “Ethylene Market Share, Size, Trends, Industry Analysis Report, By Feedstock (Naphtha, Ethane, Propane, Butane, Other Feedstock); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The ethylene market is anticipated to experience significant growth in the forecast period, driven by the growing utilization of ethylene in the production of polyethylene (PE), a key material in the packaging industry. However, the development of the ethylene industry may be influenced by the increasing consumer preference for bio-based products.

Additionally, the surge in investments in construction and infrastructure development and a rising global working population have resulted in a higher demand for processed food and beverages. This factor is a crucial driver for market expansion in the predicted period. However, the growth of the ethylene market may be restrained by fluctuating ethylene prices.

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The global increase in the working population has generated a demand for convenient packaged meals and beverages, which is anticipated to drive the growth of the polyethylene (PE) market. Additionally, the expanding automotive industry is another factor contributing to the development of the PE market, as PE is widely utilized in manufacturing various automotive components such as vehicle exteriors, electrical insulation, fuel tanks, and wiring. Furthermore, the rising investments in the construction and infrastructure sectors have led to an increased demand for PE and related materials in construction activities, thereby stimulating the growth of the ethylene market in the forecast period.

Ethylene Market Report Highlights

  • Polyethylene segment dominated the market holding significant revenue shares of the market. Due to increasing HDPE demand in packaging and transportation applications drives market growth.
  • Packaging segment held the highest market revenue shares in 2022, due to HDPE's lightweight and strong compression capabilities drive its demand in packaging for protection against damage.
  • Asia Pacific is anticipated to grow at highest CAGR during forecast period. Due to growing demand for polyethylene in the plastics industry, particularly in India, China, and Japan, is driven by rapid industrial progress and elevated consumer lifestyles.
  • The global key market players include Mitsui Chemicals, INEOS, Mitsubishi Chemical, LyondellBasell Industries, Equistar Chemicals, Borealis, Chevron Phillips Chemical, ExxonMobil, Showa Denko, and Others.

Polaris Market Research has segmented the ethylene market report based on feedstock, application, end-use, and region:

Ethylene, Feedstock Outlook (Revenue - USD Billion, 2019 - 2032)

  • Naphtha
  • Ethane
  • Propane
  • Butane
  • Other Feedstock

Ethylene, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Polyethylene
  • HDPE
  • LDPE
  • Ethylene Oxide
  • Ethyl Benzene
  • Ethylene Dichloride
  • Others

Ethylene, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Building & Construction
  • Automotive
  • Packaging
  • Textiles
  •  Agrochemicals & Agriculture
  • Others

Ethylene, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Ethylene Market Report Scope

Report Attributes


Market size value in 2023

USD 144.53 billion

Revenue forecast in 2032

USD 238.39 billion


5.7% from 2023 – 2032

Base year


Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments Covered

By Feedstock, By Application, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa


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