How big is the ethylene market?

The ethylene market is sized at USD 205.2 billion in 2025. Read More

Ethylene Market Size & Share, by Feedstock (Naphtha-based Ethylene, Ethane-based Ethylene, Butane-based Ethylene, Propane-based Ethylene); Derivative/Application (Polyethylene (PE) [HDPE, LDPE, LLDPE], Ethylene Oxide, Ethylene Dichloride, Styrene, Alpha Olefins); End use (Packaging [Agricultural Films, Industrial Films, Stretch Films, Shrink Films], Automotive, Construction, Textile) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2026-2036

Name: Ethylene Market Size & Share | Growth Trends 2025-2036
Creator: Research Nester
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Report ID: 4540
Published Date: Aug 19, 2025
Report Format: PDF, PPT

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Global Ethylene Market

An Outline of the Global Ethylene Market
1. Market Definition and Segmentation
2. Study Assumptions and Abbreviations
Research Methodology & Approach
1. Primary Research
2. Secondary Research
3. Data Triangulation
4. SPSS Methodology
Executive Summary
Growth Drivers
Major Roadblocks
Opportunities
Prevalent Trends
Government Regulation
Growth Outlook
Competitive White Space Analysis – Identifying Untapped Market Gaps
Risk Overview
SWOT
Technological Advancement
Technology Maturity Matrix for Ethylene
Recent News
Regional Demand
Ethylene Market by Geography – Strategic Comparative Analysis
Strategic Segment Analysis: Ethylene Demand Landscape
Ethylene Demand Trends Driven by Electrification, Downsizing, and Lightweighting (2026-2038)
Root Cause Analysis (RCA) for discovering problems of the Ethylene Market
Porter Five Forces
PESTLE
Comparative Positioning
Global Ethylene Market – Key Player Analysis (2024)
Competitive Landscape: Key Suppliers/Players
Competitive Model: A Detailed Inside View for Investors
Company Market Share, 2024 (%)
1. Business Profile of Key Enterprise
  1. ExxonMobil Chemical Company
  2. Dow Inc.
  3. LyondellBasell Industries N.V.
  4. INEOS Group
  5. Chevron Phillips Chemical Company LLC
  6. Reliance Industries Limited – Petrochemicals
  7. LG Chem, Ltd.
  8. Lotte Chemical Corporation
  9. TotalEnergies SE (Chemicals)
  10. Borealis AG
  11. PETRONAS Chemicals Group Berhad (PCG)
Global Ethylene Market Outlook
1. Market Overview
  1. Market Revenue by Value (USD Million), Volume (Thousand Tons), and Compound Annual Growth Rate (CAGR)
2. Ethylene Market Segmentation Analysis (2026-2038)
  1. By Feedstock
    1. Naphtha-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    2. Butane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    3. Propane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    4. Others, Market Value (USD Million), and CAGR, 2026-2038F
  2. By Derivative/Application
    1. Polyethylene (PE), Market Value (USD Million), and CAGR, 2026-2038F
    2. Ethylene Oxide, Market Value (USD Million), and CAGR, 2026-2038F
    3. Ethylene Dichloride, Market Value (USD Million), and CAGR, 2026-2038F
    4. Styrene, Market Value (USD Million), and CAGR, 2026-2038F
    5. Alpha Olefins, Market Value (USD Million), and CAGR, 2026-2038F
    6. Others, Market Value (USD Million), and CAGR, 2026-2038F
  3. End Use
    1. Packaging, Market Value (USD Million), and CAGR, 2026-2038F
    2. Automotive, Market Value (USD Million), and CAGR, 2026-2038F
    3. Construction, Market Value (USD Million), and CAGR, 2026-2038F
    4. Textile, Market Value (USD Million), and CAGR, 2026-2038F
    5. Others, Market Value (USD Million), and CAGR, 2026-2038F
  4. Regional Synopsis, Value (USD Million), 2026-2038
    1. North America Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    2. Europe Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    3. Asia Pacific Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    4. Latin America Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    5. Middle East and Africa Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
North America Market
1. Overview
  1. Market Value (USD Million), Current and Future Projections, 2026-2038
  2. Increment $ Opportunity Assessment, 2026-2038
2. Segmentation (USD million), 2026-2038, By
  1. By Feedstock
    1. Naphtha-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    2. Butane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    3. Propane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    4. Others, Market Value (USD Million), and CAGR, 2026-2038F
  2. By Derivative/Application
    1. Polyethylene (PE) , Market Value (USD Million), and CAGR, 2026-2038F
    2. Ethylene Oxide, Market Value (USD Million), and CAGR, 2026-2038F
    3. Ethylene Dichloride, Market Value (USD Million), and CAGR, 2026-2038F
    4. Styrene, Market Value (USD Million), and CAGR, 2026-2038F
    5. Alpha Olefins, Market Value (USD Million), and CAGR, 2026-2038F
    6. Others, Market Value (USD Million), and CAGR, 2026-2038F
  3. End Use
    1. Packaging, Market Value (USD Million), and CAGR, 2026-2038F
    2. Automotive, Market Value (USD Million), and CAGR, 2026-2038F
    3. Construction, Market Value (USD Million), and CAGR, 2026-2038F
    4. Textile, Market Value (USD Million), and CAGR, 2026-2038F
    5. Others, Market Value (USD Million), and CAGR, 2026-2038F
  4. Country Level Analysis, Value (USD Million)
    1. U.S. Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    2. Canada Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
Europe Market
1. Overview
  1. Market Value (USD Million), Current and Future Projections, 2026-2038
  2. Increment $ Opportunity Assessment, 2026-2038
2. Segmentation (USD million), 2026-2038, By
  1. By Feedstock
    1. Naphtha-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    2. Butane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    3. Propane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    4. Others, Market Value (USD Million), and CAGR, 2026-2038F
  2. By Derivative/Application
    1. Polyethylene (PE), Market Value (USD Million), and CAGR, 2026-2038F
    2. Ethylene Oxide, Market Value (USD Million), and CAGR, 2026-2038F
    3. Ethylene Dichloride, Market Value (USD Million), and CAGR, 2026-2038F
    4. Styrene, Market Value (USD Million), and CAGR, 2026-2038F
    5. Alpha Olefins, Market Value (USD Million), and CAGR, 2026-2038F
    6. Others, Market Value (USD Million), and CAGR, 2026-2038F
  3. End Use
    1. Packaging, Market Value (USD Million), and CAGR, 2026-2038F
    2. Automotive, Market Value (USD Million), and CAGR, 2026-2038F
    3. Construction, Market Value (USD Million), and CAGR, 2026-2038F
    4. Textile, Market Value (USD Million), and CAGR, 2026-2038F
    5. Others, Market Value (USD Million), and CAGR, 2026-2038F
  4. Country Level Analysis, Value (USD Million)
    1. UK Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    2. Germany Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    3. France Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    4. Italy Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    5. Spain Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    6. Netherlands Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    7. Russia Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    8. Switzerland Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    9. Poland Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    10. Belgium Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    11. Rest of Europe Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
Asia Pacific Market
1. Overview
  1. Market Value (USD Million), Current and Future Projections, 2026-2038
  2. Increment $ Opportunity Assessment, 2026-2038
2. Segmentation (USD million), 2026-2038, By
  1. By Feedstock
    1. Naphtha-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    2. Butane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    3. Propane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    4. Others, Market Value (USD Million), and CAGR, 2026-2038F
  2. By Derivative/Application
    1. Polyethylene (PE) , Market Value (USD Million), and CAGR, 2026-2038F
    2. Ethylene Oxide, Market Value (USD Million), and CAGR, 2026-2038F
    3. Ethylene Dichloride, Market Value (USD Million), and CAGR, 2026-2038F
    4. Styrene, Market Value (USD Million), and CAGR, 2026-2038F
    5. Alpha Olefins, Market Value (USD Million), and CAGR, 2026-2038F
    6. Others , Market Value (USD Million), and CAGR, 2026-2038F
  3. End Use
    1. Packaging, Market Value (USD Million), and CAGR, 2026-2038F
    2. Automotive, Market Value (USD Million), and CAGR, 2026-2038F
    3. Construction, Market Value (USD Million), and CAGR, 2026-2038F
    4. Textile, Market Value (USD Million), and CAGR, 2026-2038F
    5. Others, Market Value (USD Million), and CAGR, 2026-2038F
  4. Country Level Analysis, Value (USD Million)
    1. China Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    2. India Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    3. South Korea Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    4. Australia Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    5. Indonesia Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    6. Malaysia Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    7. Vietnam Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    8. Thailand Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    9. Singapore Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    10. New Zeeland Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    11. Rest of Asia Pacific Excluding Japan Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
Latin America Market
1. Overview
  1. Market Value (USD Million), Current and Future Projections, 2026-2038
  2. Increment $ Opportunity Assessment, 2026-2038
  3. Year-on-Year Growth Forecast (%)
2. Segmentation (USD million), 2026-2038, By
  1. By Feedstock
    1. Naphtha-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    2. Butane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    3. Propane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    4. Others, Market Value (USD Million), and CAGR, 2026-2038F
  2. By Derivative/Application
    1. Polyethylene (PE), Market Value (USD Million), and CAGR, 2026-2038F
    2. Ethylene Oxide, Market Value (USD Million), and CAGR, 2026-2038F
    3. Ethylene Dichloride, Market Value (USD Million), and CAGR, 2026-2038F
    4. Styrene, Market Value (USD Million), and CAGR, 2026-2038F
    5. Alpha Olefins, Market Value (USD Million), and CAGR, 2026-2038F
    6. Others, Market Value (USD Million), and CAGR, 2026-2038F
  3. End Use
    1. Packaging, Market Value (USD Million), and CAGR, 2026-2038F
    2. Automotive, Market Value (USD Million), and CAGR, 2026-2038F
    3. Construction, Market Value (USD Million), and CAGR, 2026-2038F
    4. Textile, Market Value (USD Million), and CAGR, 2026-2038F
    5. Others, Market Value (USD Million), and CAGR, 2026-2038F
  4. Country Level Analysis, Value (USD Million)
    1. Brazil Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    2. Argentina Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    3. Mexico Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    4. Rest of Latin America Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
Middle East & Africa Market
1. Overview
  1. Market Value (USD Million), Current and Future Projections, 2026-2038
  2. Increment $ Opportunity Assessment, 2026-2038
  3. Year-on-Year Growth Forecast (%)
2. Segmentation (USD million), 2026-2038, By
  1. By Feedstock
    1. Naphtha-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    2. Butane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    3. Propane-based Ethylene, Market Value (USD Million), and CAGR, 2026-2038F
    4. Others, Market Value (USD Million), and CAGR, 2026-2038F
  2. By Derivative/Application
    1. Polyethylene (PE) , Market Value (USD Million), and CAGR, 2026-2038F
    2. Ethylene Oxide, Market Value (USD Million), and CAGR, 2026-2038F
    3. Ethylene Dichloride, Market Value (USD Million), and CAGR, 2026-2038F
    4. Styrene, Market Value (USD Million), and CAGR, 2026-2038F
    5. Alpha Olefins, Market Value (USD Million), and CAGR, 2026-2038F
    6. Others, Market Value (USD Million), and CAGR, 2026-2038F
  3. End Use
    1. Packaging, Market Value (USD Million), and CAGR, 2026-2038F
    2. Automotive, Market Value (USD Million), and CAGR, 2026-2038F
    3. Construction, Market Value (USD Million), and CAGR, 2026-2038F
    4. Textile, Market Value (USD Million), and CAGR, 2026-2038F
    5. Others, Market Value (USD Million), and CAGR, 2026-2038F
  4. Country Level Analysis, Value (USD Million)
    1. Saudi Arabia Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    2. UAE Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    3. Israel Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    4. Qatar Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    5. Kuwait Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    6. Oman Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    7. South Africa Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
    8. Rest of Middle East & Africa Market Value (USD Million) and CAGR & Y-o-Y Growth Trend, 2026-2038F
Global Economic Scenario
1. World Economic Outlook
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Ethylene Market Outlook:

Ethylene Market size was USD 205.2 billion in 2025 and is estimated to reach USD 374.05 billion by the end of 2036, expanding at a CAGR of 5.8% during the forecast timeline, i.e., 2026-2036. In 2026, the industry size of ethylene is evaluated at 212.5 billion.

The global market is experiencing rapid expansion due to increasing demand for sustainable materials among consumers and corporate targets related to decarbonization. Due to this, companies in the market are focused on bio-based production. In April 2024, BlackRock and Temasek finalized a funding of USD 1.4 billion to fuel investments in technology companies involved in driving decarbonization outcomes, including bio-based production. This shift to bio-based production provides companies with the opportunity to produce bio-based ethylene using feedstocks such as sugarcane and corn, which can make the market more sustainable and foster its growth.

Technological advancements, such as the development of catalytic cracking and steam cracking technologies, also drive the growth of the global market. For instance, in March 2023, Linde collaborated with Coolbrook for the electrification and decarbonization of steam crackers with the use of RotoDynamic Reactor technology. The use of the RotoDynamic Reaction technology can replace the cracker furnaces that are fuel-based in the production of ethylene. The electrification and decarbonization of steam crackers provide the opportunity to make the process of ethylene production more efficient and reduce carbon emissions in the enhancement of the same.

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Ethylene Market - Growth Drivers and Challenges

Growth Drivers

Surging demand for polyethylene in packaging: Ethylene is a widely used feedstock in the production of polyethylene, and the surging demand for polyethylene in packaging is significantly fuelling the market growth. The key characteristics of polyethylene, including versatility, durability, resistance to chemicals, impact, and bacteria, and low capacity for moisture absorption, also fuel polyethylene’s demand in packaging. As a result, companies have started to invest in the production of polyethylene. For instance, in March 2025, Borealis announced the launch of Borcycle M CWT120CL, a recycled linear polyethylene with low density and designed for flexible packaging applications for non-food items.
Growing construction and infrastructure activities: The demand for ethylene-derived products is rapidly increasing due to the rise of urbanization, the initiation of smart city programs, the construction of large-scale housing in the emerging economies, and the expansion of infrastructural development. Particularly, the demand for products, such as polyethylene and PVC, is increasing for insulation, pipeline, and structural purposes. In October 2024, a panel discussion was hosted by the Public-Private Infrastructure Advisory Facility (PPIAF) at the World Bank Headquarters Main Complex 4-800 with the motive of scaling up sustainable infrastructure. The focus of the discussion at the event was on the role that the pooled infrastructure investment vehicles play in attracting private financing for projects related to climate and infrastructure.
Automotive light-weighting initiatives: The demand for ethylene-derived polymers such as polyethylene and ethylene‑propylene diene monomer (EPDM) is significantly driven by automotive light-weighting initiatives that are aimed at reducing the mass of vehicles. In July 2024. Dow announced the launch of NORDEL REN EPDM at DKT 2024. It is a bio-based and high-performance elastomer, which has been designed for weather seals and hoses in the automotive industry. In addition, the need for increasing fuel efficiency, which is met by automotive light-weighting initiatives, also accelerates the consumption of ethylene.

Challenges

Volatility in feedstock prices: Ethane, naphtha, butane, and propane are some feedstocks used in the production of ethylene, and the volatility in the prices of such feedstocks significantly hampers the market growth, thereby exerting upward pressure on the prices of ethylene. Due to unprecedented volatility in the prices of crude oil, the prices of feedstocks required for ethylene production have been fluctuating. The upward pressure on the prices of ethylene can hamper the adoption of ethylene for price-sensitive consumers.
High capital investments: High capital investment is required for the production of ethylene, since facilities for ethylene-based petrochemicals are supposed to be large and complex, and must encompass sophisticated operational units and processing conditions. This can be a key restraint for small-scale ethylene producers.

Ethylene Market Size and Forecast:

Report Attribute	Details
Base Year	2025
Forecast Year	2026-2036
CAGR	5.8%
Base Year Market Size (2025)	USD 205.2 billion
Forecast Year Market Size (2036)	USD 374.05 billion
Regional Scope	North America (U.S. and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)

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Ethylene Market Segmentation:

Feedstock Segment Analysis

The ethane-based segment is expected to account for a share of 42.5% by the end of 2036, owing to the abundant availability of ethane, its cost-effectiveness compared to naphtha or propane, and high usage as a feedstock in the petrochemical industry. Ethane is widely produced in the U.S, followed by India, China, and the UK. Since July 2025, Reliance Industries Limited has started to strengthen its strategic position in the global energy trade by boosting ethane imports in the U.S. In addition, the development of technologies like modified ZSM-5 zeolites for cracking influences the dominance of ethane in the global ethylene market.

Derivative/Application Segment Analysis

The polyethylene (PE) segment is expected to account for a significant market share of 41.6% during the forecast period from 2026 to 2036. A large number of businesses operating globally are involved in the production of polyethylene. A widespread use of polyethylene is noticed for packaging purposes across the consumer goods and packaging industries. Polyethylene is a versatile material, and the manufacturing of the same costs less. Considering this, Unilever initiated the development of new sustainable technologies and materials in the plastic packaging production through investment in materials science and technology in October 2024.

Our in-depth analysis of the ethylene market includes the following segments:

Segment	Subsegments
Feedstock	Naphtha-based Ethylene Ethane-based Ethylene Butane-based Ethylene Propane-based Ethylene Others
Derivative/Application	Polyethylene (PE) HDPE LDPE LLDPE Others Ethylene Oxide Ethylene Dichloride Styrene Alpha Olefins Others
End use industry	Packaging Agricultural Films Industrial Films Stretch Films Shrink Films Automotive Construction Textile Others

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APAC Market Insights

The Asia Pacific market is expected to account for a 54.5% share during the forecast period, owing to rising demand for ethylene across the packaging, automotive, and construction sectors, especially in India and China. In addition, rapid industrial growth and urbanisation in the region are increasing the demand for packaging and construction materials, which ultimately influences the growth of the ethylene market. One of the latest developments in the region is the agreement between Enilive and LG Chem in August 2025 to establish the very first HVO/SAF Plant in South Korea and cater to rising ethylene demand.

China is anticipated to expand at a CAGR of 7.2% during the forecast period due to rising demand for petrochemicals. The demand and prices for ethylene in China are the highest in the world as the country continues to import raw materials required for the production of the crucial chemicals. CNOOC Petrochemicals Investment Ltd and Shell Nanhai B.V. formed a joint venture in January 2025 to meet the rising demand for petrochemicals. Through this, investment decisions have been finalised for the expansion of the petrochemical complex in Daya Bay, Huizhou, south China.

India market is expected to evolve rapidly with a CAGR of 6.7% during the forecast period due to relevant government initiatives to enhance the sales of ethylene and its derivatives. One such example is the partnership of GAIL with Scientech Inc., a U.S.-based producer of biofuel, in August 2024 for the establishment of a 500 kilo-tonne bio-ethylene plant in India every year. The rising need for plastic packaging is another factor fuelling the growth of the market in India.

North America Market Insights

North America is expected to emerge as one of the fastest-growing ethylene markets, expanding at a CAGR of 6% due to the presence of organisations investing in ethylene production and export. The availability of oxidative dehydrogenation in North America is another factor that fosters the growth of the ethylene market, providing the opportunity to enhance the production of ethylene. As reported by the American Chemical Society (ACS) in July 2022, 50% stakes of the U.S and China ethylene complex were bought by LyondellBasell. The company also has plans to build a high-density plant for polyethylene in Corpus Christi, Texas.

The ethylene market in Canada is expected to expand at a CAGR of 6.7% throughout the forecast period due to investments in low-emission technologies. Several funding, incentive programs, and grants are managed by the Federal Government of Canada with the motive of encouraging research & development, and demonstration across the nation. One such example is the announcement to invest around USD 9.5 million by the local government in February 2025 for six innovative projects focused on carbon capture, storage, and technologies related to transportation.

The U.S is likely to register a CAGR of 5.9% during the forecast period due to rising production of ethane across the nation. In July 2022, TotalEnergies announced the establishment of a new ethane cracker in a joint venture with Borealis. The rising adoption of ethylene across multiple industries, including packaging, automobile, consumer goods, and others in the U.S, also fuels the growth of the ethylene market.

Europe Market Insights

Europe is expected to register rapid growth during the forecast period due to a focus on sustainability, resilience, and efficiency. Rising production of ethylene and growing demand for the same in the automotive sector is a key factor fueling market growth in the region. The increased production of ethylene fosters the market growth by meeting the rising demand for polyethylene. For instance, the announcement of Regulation (EU) 2022/1616 in September 2022 has fostered the safety of food packaging by obligating the use of recycled plastics in packaging.

Germany is expected to emerge as a steadily growing ethylene market, expanding at a CAGR of 7% during the forecast period due to the rising demand for sustainable packaging. Increasing investment in ethylene production is another factor that fuels the growth of the ethylene market. For example, an investment of USD 582.47 million was initiated by BASF in 2022 for increasing the production capacity of ethylene by 400000 metric tons per year. The plan also includes the increase of production capacity of ethylene in Germany as well, fostering the ethylene market growth across the nation.

The UK is anticipated to register a CAGR of 6.5% throughout the forecast period, due to the rising use of polyethylene in the production of sustainable packaging. For instance, in January 2023, Tesco revealed its plans to use discarded plastics for fish packaging. Controlled recycling of discarded plastics through processes such as pyrolysis can break them down into valuable hydrocarbons, including ethylene, which can then be reused in packaging production, thereby reducing reliance on fossil fuel–derived ethylene. The rising demand for lithium-ion batteries due to the rising adoption of EVs also fuels the growth of the ethylene market in the UK.

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Key Ethylene Market Players:

The global ethylene market is highly competitive, consisting of key players operating at a global and regional level. These players are focused on feedstock diversification, capacity expansion, and sustainable production initiatives to strengthen their market position. Companies are investing in new crackers and feedstock diversification to reduce production costs and strengthen supply security in regions with abundant ethane resources. Here is a list of key players operating in the global market:

Company	Country of origin	Estimated global share
ExxonMobil Chemical Company	USA	8.2%
Dow Inc.	USA	7%
LyondellBasell Industries N.V.	Netherlands (Europe)	5.6%
INEOS Group	UK/Switzerland (Europe)	4.5%
Chevron Phillips Chemical Company LLC	USA	3%
Reliance Industries Limited – Petrochemicals	India	xx
LG Chem, Ltd.	South Korea	xx
Lotte Chemical Corporation	South Korea	xx
TotalEnergies SE (Chemicals)	France (Europe)	xx
Borealis AG	Austria (Europe)	xx
PETRONAS Chemicals Group Berhad (PCG)	Malaysia	xx
Mitsubishi Chemical Group Corporation	Japan	xx
Sumitomo Chemical Co., Ltd.	Japan	xx
Mitsui Chemicals, Inc.	Japan	xx
Qenos Pty Ltd (in administration/closure)	Australia	xx

Below are the areas covered for each company in the ethylene market:

Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis

Recent Developments

In August 2025, the Westlake Corporation announced the formation of the Westlake Chemical Partners with the motive of operating, acquiring, and developing production facilities for ethylene.
In June 2025, the shareholders of Chevron Phillips Chemical Company LLC agreed to share 100% of their shares they have for the business and polyethylene manufacturing facilities in Singapore to Aster Chemicals and Energy.
In February 2025, BASF India initiated the establishment of a new plant with the motive of increasing the production capacity of Cellasto microcellular polyurethane (MCU). The newly established production plant is located in Dahej, India.

Report ID: 4540
Published Date: Aug 19, 2025
Report Format: PDF, PPT

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Frequently Asked Questions (FAQ)

The ethylene market is sized at USD 205.2 billion in 2025.

The global ethylene market is expected to be valued at USD 374.05 billion by the end of 2036 and register a CAGR of 5.8% throughout the forecast period.

BASF, Sinopac Plastics, BASF, Shell Petrochemicals Company Limited (CSPC), and Formosa are key players dominating the ethylene market.

The ethane-based ethylene segment is expected to capture a significant share by 2036.

The Asia Pacific market is projected to dominate the global ethylene market with a share of 54.5% by the end of 2036.

Ethylene Market Analysis
Ethylene Market Share

Ethylene Market Companies

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Ethylene Market Outlook:

Ethylene Market - Growth Drivers and Challenges

Growth Drivers

Challenges

Ethylene Market Size and Forecast:

Ethylene Market Segmentation:

Feedstock Segment Analysis

Derivative/Application Segment Analysis

Our in-depth analysis of the ethylene market includes the following segments:

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Ethylene Market - Regional Analysis

APAC Market Insights

North America Market Insights

Europe Market Insights

Key Ethylene Market Players:

Recent Developments

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Frequently Asked Questions (FAQ)

How big is the ethylene market?

What is the outlook for the ethylene market?

Who are the major players dominating the ethylene market?

Which type of segment will capture the significant market share for the ethylene market by 2036?

Which region will provide more business opportunities for the growth of the ethylene market in the future?

Ethylene Market Report Scope

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