The global ethylene oxide market is expected to witness a CAGR of 6.3 % to reach USD 65.0 billion by 2024. We look at four factors that pose a threat to the continuation of the ethylene boom. 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%. The growing demand from the developing economies across the globe is a key factor driving the global market for Ethylene … 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. Global Ethylene production by feed type (KTA ethylene by feed) Included in this analysis are ethylene capacities by production asset, supply/demand balances for every ethylene producing and consuming country of the world, and key regional ethylene market price and margin forecasts. Ethylene carbonate is an organic chemical compound that is available in colorless to yellowish solid form with a fruity essence. 2 Global Ethylene Market Share, by Application, 2018 & 2025 (USD Million) FIG. 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. Subscribe to our trusted data and analysis for global energy, chemicals, metals and mining industries. Mounting risks could create the perfect storm. Our Ethylene Global Supply Demand Analytics Service offers a complete long-term picture of the global ethylene market and includes cutting-edge data, reports and forecasts through 2040, with an integrated view of NGLs, naphtha and other feedstocks through the ethylene value chain. Sign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts. 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 global demand for ethylene oxide was estimated to be worth over $28,000 million in the year 2011 and is expected to cross $40,000 million in 2018, growing at a CAGR of over 6% from 2013 to 2018. This report presents the worldwide Ethylene Glycol Monomethyl Ether market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and … Ethylene Tetrafluoroethylene (ETFE) is used in various end-user industries such as automobile, building and construction, aerospace, and chemicals among others. The market for surplus exports in China is clear, but protectionism will limit market access. After years of boom conditions, storm clouds are gathering. Market sources said ethylene supplies are likely to fall Ethylene supply likely will be more resilient this year, falling less than consumption, with exports supporting cracker production. Want to know more about our supply/demand forecasts and the risks affecting the ethylene industry? The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. 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. In Japan, LDPE will reach a market size of 5.4 Million Tons … As players across the US and China rush to invest in production, with many ethylene projects planned post-2020, there is a clear downside risk of overcapacity. 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. 1990-2018 Global Ethylene Production Capacity in Million Metric Tons for the Period 2018 and 2030 Global Ethylene Distribution Demand by Percentage Market Share 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. Deepsea supplies, especially those heading to Asia from Europe, are also expected to decline in H2, in line with rising ethylene demand in Europe as downstream plant operations return to normal. 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. 1 Global Ethylene Market, 2016-2026 (USD Million) FIG. China remains a critical outlet for export surpluses. Some of the key factors propelling the market growth include growing demand for lubricants & lithium ion … 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 … The September 2019 update to Wood Mackenzie's global ethylene long-term outlook to 2040 is now available. Fill in the form to receive an extract from our presentation Global Ethylene: Living the Dream delivered at the 2018 European Polyester Conference. IHS Markit expects 2018 global PE demand to exceed 100 million metric tonnes (MMT). 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. The "Ethylene (ET): 2018 World Market Outlook and Forecast up to 2022" report has been added to ResearchAndMarkets.com's offering.. Global Ethylene Market Ethylene is colorless gas usually have a sweet and unpleasant smell and taste. Global Ethylene Market is estimated to reach USD 136.67 Billion by 2026 according to a new report. The April 2019 update to Wood Mackenzie's global ethylene long-term outlook to 2040 is now available. 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 Ethylene supply likely will be more resilient this year, falling less than consumption, with exports supporting cracker production. US: +1-408-610-2300 Toll Free: +1-866-831-4085 The global demand for ethylene amounted to some 152 million metric tons in 2017. As global ethylene consumption continues to grow, petrochemical companies will need to invest in new ethylene facilities to meet demand. To remain competitive in this rapidly changing market, you need a comprehensive view of global supply and demand, price forecasts and petrochemical feedstock trends. We help our clients address their most pressing strategic and commercial challenges. 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? North America was the first to benefit from ethylene’s changing fortunes. Global demand for petrochemical products in 2017 and forecast for 2018 to 2023. As the demand for ethane feedstocks grows, prices will rise as costs of production and delivery increase, with basins located further away from the US Gulf Coast. 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. The additional capacity will help to improve China’s self-sufficiency but will not eliminate the country’s ethylene deficit. 57,481 63,832 21,706 9,812 . And if, as expected, the oil price remains high into the 2020s, this could also affect prices of petrochemical products and impact their competitiveness. List of Figures. 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 … Over 1.4 Million Tons worth of projected demand in the region will come from Rest of Europe markets. The April 2018 update to PCI Wood Mackenzie's global ethylene long-term outlook to 2035 is now available. This shift from crude to chemicals poses a risk to chemicals’ long-term margin viability. 5 Global Ethylene oxide Ethylene Market, 2016-2026 (Kilo Tons) FIG. China’s fast-rising ethylene demand has spurred a corresponding boom in domestic ethylene production capacity. Global demand for petrochemical products in 2017 and forecast for 2018 to 2023. 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. Global ethylene carbonate market expected to generate around USD 372 million by 2024, at a CAGR of around 5.16% between 2018 and 2024. All Rights Reserved. Increasing demand of ethylene in chemical industry and rising usage of ethylene in automotive coolants are the factor for the growth of this market. 1990-2018 Global Ethylene Production Capacity in Million Metric Tons for the Period 2018 and 2030 Global Ethylene Distribution Demand by Percentage Market Share The "Ethylene Oxide (EO): 2018 World Market Outlook and Forecast up to 2022" report has been added … As global ethylene consumption continues to grow, petrochemical companies will need to invest in new ethylene facilities to meet demand. 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. 20 November 2018 Marifaith Hackett, Ph.D. 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. Massive investment is partly driven by the oil industry. up the first grass-roots ethylene unit since 2000. Ethylene market size will continue to grow through 2021 owing to increasing investments aimed at boosting the production capacity for gas. However, higher US ethane feedstock costs and lower global naphtha feedstock costs narrowed this gap slightly in late 2018. 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. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. 1990-2018 Global Ethylene Production Capacity in Million Metric Tons for the Period 2018 and 2030 Global Ethylene Distribution Demand by Percentage Market Share If you would like to learn more about how we use cookies and how you can manage them, see our Cookie policy. Request Sample. The "Ethylene Oxide (EO): 2018 World Market Outlook and Forecast up to 2022" report has been added to … This report covers the impact of COVID-19 on this global market. The Rule of 3: Global oil market outlook – September 2018. Driven by consumer demand for everyday products from plastic packaging to clothing, we expect global demand growth of 3.4% annually. Ethylene Market Overview. © 2018 IHS Markit. Due to its widespread industrial applications, ethylene is produced by petrochemicals companies worldwide. Asia pacific and North America dominate the ethylene oxide market, accounting for over 60% of the total demand in 2011. The global demand for ethylene amounted to some 152 million metric tons in 2017. Global Ethylene Carbonate Market 2018 - Industry Production, Trends, Sales, Supply, Demand, Analysis & Forecast to 2025 +49 322 210 92714 (GMT OFFICE HOURS) 4 Million Tonnes by 2027. The ethylene market is booming. • 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. Data are provided in downloadable excel workbooks that contain both tabular and interactive graphical formats. Buy our reports to address business challenges and make better commercial decisions with objective insights, analyses and data. 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. Bioplastics offer a smaller carbon footprint. While ethylene from shale remains globally competitive, additional investment that willincrease US market capacity by 50% over the next five years from its 2010 level, will not enjoy the high margins we saw initially. Gathering clouds on the horizon could create the perfect storm for the ethylene industry. North America was the first to benefit from ethylene’s changing … Global Ethylene Acrylic Acid Adhesive Market 2018 - Industry Production, Trends, Sales, Supply, Demand, Analysis & Forecast to 2025 +49 322 210 92714 (GMT OFFICE HOURS) The report contains data of the base year 2018 and historic year 2017. Global ethylene market is set to witness a substantial CAGR of 8.95% in the forecast period of 2019- 2026. Global distribution of polyethylene demand by application 2016 Global leading importing countries of polyethylene polymers 2015 PET film export volume - India 2008-2013 We cover a diverse range of industry sectors and focus areas across the entire natural resources value chain. Increasing demand of ethylene in chemical industry and rising usage of ethylene in automotive coolants are the factor for the growth of this market. Natural resources research for financial services, Oil Field Services & Original Equipment Manufacturers, 2020 Featured Reports - Power & Renewables. 11 March 2018 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. 4 Global Ethylene oxide Ethylene Market, 2016-2026 (USD Million) FIG. For more information on this study, download the brochure by completing the form on this page or contact chemicals@woodmac.com. According to IHS Markit, global demand for PE, the world’s most-used plastic, has nearly doubled during the last 20 years. If you would like to learn more about how we use cookies and how you can manage them, see our Cookie policy. The global rise in disposable incomes has been a key driver of demand for PET bottles, which are used for water and … By continuing to browse the site you are agreeing to our use of cookies. We deliver real-time and historical data, forecasts, analytical insight, tools and software solutions. We use cookies on the public areas of our website. 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. averaged at $115/mt in June, the widest so far in 2018, S&P Global Platts data showed. Subscribe to our trusted data and analysis for global energy, chemicals, metals and mining industries. Due to its widespread industrial applications, ethylene is produced by petrochemicals companies worldwide. 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. The global ethylene market has been enjoying steady growth over the past five years, posting a CAGR of close to 6.5% between 2013-2018. FIG. DUBLIN, April 5, 2018 /PRNewswire/ -- . Included in this analysis are ethylene capacities by production asset, supply/demand balances for every ethylene producing and consuming country of the world, and key regional ethylene market price, cost and margin forecasts. It is derived from natural gas and petroleum and … The report contains data of the base year 2018 and historic year 2017. Moreover, high demand for polyester fibers and PET resins is expected to propel the market growth during 2018- 2024. Data are provided in downloadable excel workbooks that contain both tabular and interactive graphical formats. Amid the COVID-19 crisis, the global market for Ethylene estimated at 158 Million Tonnes in … Included in this analysis are ethylene capacities by production asset, supply/demand balances for every ethylene producing and consuming country of the world, and key regional ethylene market price, cost and margin forecasts. Global Ethylene Market to Reach 207. 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? 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. Global Ethylene Market is estimated to reach USD 136.67 Billion by 2026 according to a new report. 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. China is on a massive wave of steam cracker investment, driven by the ethylene industry’s healthy margins. 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. Exhibit 6: Global Ethylene Market by Production Capacity 2013-2018 (million metric tons) Exhibit 7: Comparison of Global Ethylene Capacity and Demand Exhibit 8: Global Ethylene Demand… More importantly, alongside every boom comes a potential bust. Global ethylene market is set to witness a substantial CAGR of 8.95% in the forecast period of 2019- 2026. DUBLIN, March 26, 2018 /PRNewswire/ -- . Our base case is more optimistic – but whichever way the wind blows, the industry should at least prepare to navigate some choppy waters ahead. 1. RELATED: Global petrochemicals market to reach $791 billion in 2018. We use cookies on the public areas of our website. Now, as the largest petrochemical by volume in 2018, ethylene forms the backbone of the petrochemical industry. We help our clients address their most pressing strategic and commercial challenges. Sign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts. Global ethylene spot prices Upstream costs are expected to put some upward pressure on the ethylene market in 2019, as new crackers increase demand … Data are provided in downloadable excel workbooks that contain both tabular and interactive graphical formats. On the supply side, China will continue to build naphtha crackers and methanol-to-olefins facilities to make ethylene and derivatives. TM. For US producers, market access is a key limitation, particularly for surplus ethylene monomer for the time being. 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. Buy our reports to address business challenges and make better commercial decisions with objective insights, analyses and data. Ten years ago, the picture looked very different. Can the global ethylene boom be sustained as risks mount? 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. The public, environmentalists, brand owners and governments are responding to the rising tide of negative perception against plastic waste, with ongoing efforts to reduce, reuse, recycle and even ban plastic materials. According to Stratistics MRC, the Global Ethylene Carbonate Market is accounted for $272.99 million in 2018 and is expected to reach $550.26 million by 2027 growing at a CAGR of 8.1% during the forecast period. Meanwhile, the tariff war with China has changed the playing field for US producers and is an ongoing risk to the ethylene export industry. The analysts forecast the Global Ethylene Glycol market to grow at a CAGR of 4.71% over the period 2013-2018 Ethylene glycol is a versatile organic … We deliver real-time and historical data, forecasts, analytical insight, tools and software solutions. Global Ethylene Carbonate market size will increase to xx Million US$ by 2025, from xx Million US$ in 2017, at a CAGR of xx% during the forecast period. DUBLIN, April 5, 2018 /PRNewswire/ -- . 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. Increasing demand for antifreeze from automobile industry is likely to fuel the market growth over the forecast period. We cover a diverse range of industry sectors and focus areas across the entire natural resources value chain. Confidential. 3 Global Ethylene Market share, by Application, 2018 & 2025 (Kilo Tons) FIG. The report then estimates 2018-2023 market development trends of Ethylene Tetrafluoroethylene (ETFE) industry. Tabular and interactive graphical formats benefit most $ 115/mt in June, the widest so far in,. % to reach USD 136.67 Billion by 2026 according to a new report continue. $ 791 Billion in 2018, ethylene is produced by petrochemicals companies worldwide of. ) industry year 2017 access is a key limitation, particularly for surplus exports in China clear. America dominate the ethylene industry witness a CAGR of 8.95 % in the forecast period of 2026. ’ s ethylene deficit the site you are agreeing to our use of.... 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