The report contains data of the base year 2018 and historic year 2017. We help our clients address their most pressing strategic and commercial challenges. Global Ethylene Market Ethylene is colorless gas usually have a sweet and unpleasant smell and taste. As global ethylene consumption continues to grow, petrochemical companies will need to invest in new ethylene facilities to meet demand. Owing to growing demand for ethylene from several end-use industries, the production capacity of ethylene is increased periodically by petrochemical companies, which is leading to sustainable growth of the global ethylene market. The advantages North American producers experienced as a result of being ahead of the investment curve have now shifted elsewhere, with super-cycle margins transferring to Asia and Europe. Although China has added capacity over the last decade and growth will continue in the future, ethylene self-sufficiency remains low - in the range of 50% to 60%. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Ethylene Glycol Monomethyl Ether. Meanwhile, the tariff war with China has changed the playing field for US producers and is an ongoing risk to the ethylene export industry. Natural resources research for financial services, Oil Field Services & Original Equipment Manufacturers, 2020 Featured Reports - Power & Renewables. A heady combination of strong global consumer demand combined with a lower oil price enabling cheaper feedstocks and high operating rates has created boom conditions, leading to a rush of investment from North America to China and even Europe. They let you easily navigate your way around the site and allow us to improve its performance, or even recommend content we believe will be of most interest to you. Amid the COVID-19 crisis, the global market for Ethylene estimated at 158 Million Tonnes in … 1990-2018 Global Ethylene Production Capacity in Million Metric Tons for the Period 2018 and 2030 Global Ethylene Distribution Demand by Percentage Market Share Massive investment is partly driven by the oil industry. We help our clients address their most pressing strategic and commercial challenges. Ethylene carbonate is an organic chemical compound that is available in colorless to yellowish solid form with a fruity essence. Some of the key factors propelling the market growth include growing demand for lubricants & lithium ion … 2 Global Ethylene Market Share, by Application, 2018 & 2025 (USD Million) FIG. Faced with the prospect of declining use of oil in transportation as electrification bites, the industry sees petrochemicals as a means to take advantage of the growing demand for plastics. 3 Global Ethylene Market share, by Application, 2018 & 2025 (Kilo Tons) FIG. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. Global Ethylene production by feed type (KTA ethylene by feed) Ethylene supply likely will be more resilient this year, falling less than consumption, with exports supporting cracker production. 1990-2018 Global Ethylene Production Capacity in Million Metric Tons for the Period 2018 and 2030 Global Ethylene Distribution Demand by Percentage Market Share Over 1.4 Million Tons worth of projected demand in the region will come from Rest of Europe markets. For US producers, market access is a key limitation, particularly for surplus ethylene monomer for the time being. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Ethylene Carbonate. Global demand for ethylene derivatives (ethylene equivalent) in 2017 steadily increased by 5.4% from the previous year to reach 149.7 million tons while prices of crude oil and petroleum products continued fluctuating. China is on a massive wave of steam cracker investment, driven by the ethylene industry’s healthy margins. Global demand for ethylene derivatives (ethylene equivalent) in 2017 steadily increased by 5.4% from the previous year to reach 149.7 million tons while prices of … Want to know more about our supply/demand forecasts and the risks affecting the ethylene industry? We use cookies on the public areas of our website. If you would like to learn more about how we use cookies and how you can manage them, see our Cookie policy. This report covers the impact of COVID-19 on this global market. 4 Global Ethylene oxide Ethylene Market, 2016-2026 (USD Million) FIG. Global demand for ethylene oxide market stood at approximately USD 46 billion in 2018 and is expected to reach USD 69 billion by end of 2025, growing at a … China continues to grow in internal demand; to meet global supply needs, however, it will need to add low-cost labor to upgrade ethylene derivatives to finished goods. All Rights Reserved. If you would like to learn more about how we use cookies and how you can manage them, see our Cookie policy. Owing to growing demand for ethylene from several end-use industries, the production capacity of ethylene is increased periodically by petrochemical companies, which is leading to sustainable growth of the global ethylene market. This shift from crude to chemicals poses a risk to chemicals’ long-term margin viability. The additional capacity will help to improve China’s self-sufficiency but will not eliminate the country’s ethylene deficit. Increasing demand of ethylene in chemical industry and rising usage of ethylene in automotive coolants are the factor for the growth of this market. They let you easily navigate your way around the site and allow us to improve its performance, or even recommend content we believe will be of most interest to you. In Japan, LDPE will reach a market size of 5.4 Million Tons … We deliver real-time and historical data, forecasts, analytical insight, tools and software solutions. • Peak additions forecasts to overlap in 2018/19, which could result in an oversupply scenario Ethylene Capacity Additions Projected North American Ethylene (Thousand Metric Tons per Year) Total Additions 2014 - 2020 Company Location BASF/Total Port Arthur. Now, as the largest petrochemical by volume in 2018, ethylene forms the backbone of the petrochemical industry. Furthermore, the demand for antifreeze is seasonal, which makes the global demand for MEG and respectively ethylene oxide quite predictable, as for the antifreeze use. Global ethylene market is set to witness a substantial CAGR of 8.95% in the forecast period of 2019- 2026. Global Ethylene Market is estimated to reach USD 136.67 Billion by 2026 according to a new report. Data are provided in downloadable excel workbooks that contain both tabular and interactive graphical formats. It is derived from natural gas and petroleum and … The liberalisation of the market has allowed private companies to invest alongside state-owned producers and this changing pattern of ownership has created an investment explosion as producers look to benefit from ethylene’s attractive profitability levels. The market for surplus exports in China is clear, but protectionism will limit market access. Can the global ethylene boom be sustained as risks mount? We look at four factors that pose a threat to the continuation of the ethylene boom. 1. However, despite the backlash, improving living standards and population growth plus the lack of ready alternatives support the market for plastics for the next 20 years. To remain competitive in this rapidly changing market, you need a comprehensive view of global supply and demand, price forecasts and petrochemical feedstock trends. Ethylene Tetrafluoroethylene (ETFE) is used in various end-user industries such as automobile, building and construction, aerospace, and chemicals among others. Confidential. Due to its widespread industrial applications, ethylene is produced by petrochemicals companies worldwide. By continuing to browse the site you are agreeing to our use of cookies. Downward signals for ethylene demand have been picked up for 2018, with preliminary estimations indicating a drop in demand of about 2% on a year-on-year basis. China’s fast-rising ethylene demand has spurred a corresponding boom in domestic ethylene production capacity. The April 2018 update to PCI Wood Mackenzie's global ethylene long-term outlook to 2035 is now available. The global demand for ethylene amounted to some 152 million metric tons in 2017. Moreover, high demand for polyester fibers and PET resins is expected to propel the market growth during 2018- 2024. We deliver real-time and historical data, forecasts, analytical insight, tools and software solutions. Ethylene market size will continue to grow through 2021 owing to increasing investments aimed at boosting the production capacity for gas. The Rule of 3: Global oil market outlook – September 2018. Increasing demand for antifreeze from automobile industry is likely to fuel the market growth over the forecast period. Concerning the production capacity of ethylene in the U.S., plans for new and additional facilities are presumed to be developed by 2018, in which more than 10 million tons of ethylene are expected to be produced, and the production will continue to increase after 2018. 1. And if, as expected, the oil price remains high into the 2020s, this could also affect prices of petrochemical products and impact their competitiveness. The "Ethylene (ET): 2018 World Market Outlook and Forecast up to 2022" report has been added to ResearchAndMarkets.com's offering.. Ethylene Capacity and Projects April 2019.xlsb, Ethylene Capacity Integration April 2019.xlsx, Ethylene Supply Demand Balances April 2019.xlsb, Ethylene Global Supply Demand Analytics Service - April 2019, Long-Term Ethylene Strategic Outlook - April 2019.pdf, Ethylene_PricesCostsMargins_May_2019.xlsb, Already have a subscription? North America was the first to benefit from ethylene’s changing fortunes. Sign In, Ethylene Capacity and Projects September 2019.xlsb, Ethylene Supply Demand Balances September 2019.xlsb, Ethylene Global Supply Demand Analytics Service - September 2019, Long-Term Ethylene Strategic Outlook - September 2019.pdf, Ethylene_PricesCostsMargins_September2019.xlsb, Ethylene Capacity Integration September 2019.xlsx, Long-Term Ethylene Strategic Outlook - April 2018.pdf, Ethylene Capacity and Projects - April 2018.xlsb, Ethylene Capacity Integration - April 2018.xlsx, Ethylene Prices Costs and Margins - April 2018.xlsb, Ethylene Supply Demand Balances - April 2018.xlsb, Ethylene Global Supply Demand Analytics Service - April 2018. Gathering clouds on the horizon could create the perfect storm for the ethylene industry. 4 Million Tonnes by 2027. TM. For more information on this study, download the brochure by completing the form on this page or contact chemicals@woodmac.com. Data are provided in downloadable excel workbooks that contain both tabular and interactive graphical formats. However, higher US ethane feedstock costs and lower global naphtha feedstock costs narrowed this gap slightly in late 2018. Sign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts. With mounting risks including a consumer backlash against plastics and the threat of overcapacity following a rush to invest, is the perfect storm on the horizon? Market sources said ethylene supplies are likely to fall Ethylene Market Overview. Due to its widespread industrial applications, ethylene is produced by petrochemicals companies worldwide. The service includes a graphical user interface and offers the following: Natural resources research for financial services, Oil Field Services & Original Equipment Manufacturers, 2020 Featured Reports - Power & Renewables, Ethylene Global Supply Demand Analytics Service, Detailed global ethylene supply/demand balances for every country in the world, Integrated and realistic view of feedstock supply and derivative demand, Comprehensive ethylene production capacities itemized by operator, location, technology and size, Market price, cost and margin forecasts for ethylene in all major market centres of the world, including key assumptions for energy, feedstocks, operating costs and capital costs, Ethylene strategic outlook analysis report, Ethylene capacity and projects in a Microsoft Excel data file, Ethylene supply/demand balances in a Microsoft Excel data file, Ethylene price costs and cash margins in a Microsoft Excel data file. The world consumed over 150 million tonnes of ethylene in 2017 and will need more than 200 million tonnes by 2025 to meet global demand. Fill in the form to receive an extract from our presentation Global Ethylene: Living the Dream delivered at the 2018 European Polyester Conference. It’s all happening in North America. Global ethylene glycol and ethylene oxide demand is expected to witness a high growth on account of its vast industrial application especially in the manufacturing of pet bottles. IHS Markit expects 2018 global PE demand to exceed 100 million metric tonnes (MMT). Increasing Complexity In The Ethylene Value Chain Emerging changes in ethylene supply drivers and demand drivers make modeling the ethylene supply/demand balance more complex Asia Chemical Conference / November 2016 8 Ethylene Coal to MEG (skipping EO) Coal to VCM (skipping EDC) Demand Shocks (GDP related) or Demand Shifts (product We cover a diverse range of industry sectors and focus areas across the entire natural resources value chain. Construction of ethylene export terminal infrastructure is in progress but until it is ready, producers will need to turn to easier-to-export derivatives, such as polyethylene and MEG. China remains a critical outlet for export surpluses. The global rise in disposable incomes has been a key driver of demand for PET bottles, which are used for water and … Our base case is more optimistic – but whichever way the wind blows, the industry should at least prepare to navigate some choppy waters ahead. The analysts forecast the Global Ethylene Glycol market to grow at a CAGR of 4.71% over the period 2013-2018 Ethylene glycol is a versatile organic … Thanks to massive domestic demand, the Asia Pacific is expected to deliver the strongest growth in both ethylene oxide and ethylene glycol demand, expanding at a compound annual rate of 4.9% between 2013 and 2018. Increasing demand of ethylene in chemical industry and rising usage of ethylene in automotive coolants are the factor for the growth of this market. Global Ethylene Carbonate Market 2018 - Industry Production, Trends, Sales, Supply, Demand, Analysis & Forecast to 2025 +49 322 210 92714 (GMT OFFICE HOURS) As global ethylene consumption continues to grow, petrochemical companies will need to invest in new ethylene facilities to meet demand. The September 2019 update to Wood Mackenzie's global ethylene long-term outlook to 2040 is now available. 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