Ethylene Market: Extensive Use of Polyethylene in Making Packaging Products to Bolster Uptake, TMR

The ethylene market is fairly competitive with the presence of a number of prominent petrochemical companies focused on the production of ethylene and a variety of useful derivatives, observes Transparency Market Research (TMR). Global players are constantly boosting their production capacities to gain a competitive edge in the market. Some of the leading players operating in the ethylene market are LyondellBasell Industries N.V., INEOS, Total S.A., Chevron Phillips Chemical Company LLC, Sinopec Limited, Royal Dutch Shell plc., Exxon Mobil Corporation, The Dow Chemical Company, and SABIC.

The ethylene market is projected to rise at a CAGR of 6.0% during 2014–2020 and the valuation of the market is expected to reach US$234.2 bn by the end of the forecast period.

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Substantial Demand for Ethylene Oxide in Manufacturing Plastics

Regionally, the market is segmented into North America, Europe, Latin America, the Middle East and Africa (MEA), and Asia Pacific. Of these, currently, Asia Pacific is the major regional market and is expected to retain its dominance throughout the forecast period. A major demand for ethylene is expected to come from countries such as India, China, Thailand, Malaysia, and Vietnam. This is attributed to the substantial applications of ethylene in numerous end-use industries.

Based on application, the market is segmented into ethylene oxide, polyethylene, ethylene benzene, vinyl acetate, alpha olefins, and ethylene dichloride. Of these, the ethylene oxide segment is projected to rise at a maximum CAGR over the forecast period. The demand for ethylene oxide is driven by its substantial application in the production of ethylene derivatives, primarily used in manufacturing plastics.

Extensive Application of Ethylene in Making Packaging Products Boosts Market

The growth of the ethylene market is primarily driven by its substantial applications in a variety of end-use industries such as packaging, construction, and automotive. The commercial production of ethylene in large volumes through the process of catalytic oxy-dehydrogenation has positively impacted the growth of the market. The growing number of applications of different types of polyethylene such as linear low density polyethylene (LLDPE) and high density polyethylene (HDPE) in making a number packaging products has boosted the ethylene market across regions.

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Ethylene are widely used in making containers, drums, pipes, and films. The burgeoning packaging industry in various developing and developed regions is expected to catalyze the market. There is a growing worldwide demand for ethylene oxide derivatives such as ethylene glycols and polyester fibers in the manufacturing of plastic products, particularly bottles. This has bolstered the uptake of ethylene. The use of ethylene oxide in manufacturing a variety of industrial chemicals has gained traction in the petrochemical industry, thereby accentuating the growth of the ethylene market.

However, the recent volatility in crude oil prices in major regions and regulatory concerns owing to the toxic effects of some of the ethylene derivatives are the crucial factors likely to hinder the growth of the market. Nevertheless, emerging applications of ethylene in the production of a large number of useful industrial chemicals are expected to open up exciting opportunities for manufacturers in the coming years.

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @ http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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