Ethylene Market Analysis APAC, North America, Middle East and Africa, Europe, South America - US, China, Japan, India, Germany - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 185 SKU: IRTNTR72622

Ethylene Market Size 2024-2028

The ethylene market size is forecast to increase by USD 57.7 billion, at a CAGR of 6.27% between 2023 and 2028.  

The growth trajectory of the market hinges on a myriad of factors, notably the surge in demand and heightened consumer awareness surrounding polyethylene products across diverse industries, coupled with the expansion of the flexible packaging industry and a growing emphasis on recyclability. Additionally, the market's growth rate is influenced by emerging trends such as the adoption of lightweight plastics by large- and small-scale cosmetic companies, the utilization of polyvinyl chloride in various applications, and the environmental concerns associated with single-use plastics and their link to natural gas and shale gas extraction.

Ethylene Market Share and Forecast

Page Number 185
Forecast period 2024-2028
Historic period 2018-2022
List of Exhibits 203
Growth momentum & CAGR Accelerate at a CAGR of 6.27%
Market Growth 2024-2028 USD 57.7 billion

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Market Segmentation 

The report includes a comprehensive outlook on the market offering forecasts for the industry segmented by Feedstock, which comprises naphtha, ethane, LPG, and others. Additionally, it categorizes Application into LDPE, HDPE, ethylene oxide, vinyls, and others, and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

Feedstock Analysis

The market share growth by the naphtha segment will be significant during the forecast years. However, the segment is likely to lose its share during the forecast period, as ethylene produced by the thermal cracking of naphtha is an energy-intensive process. The process produces large amounts of coke and nitrogen oxide and emits carbon dioxide as well. Production of one kilogram of ethylene emits 1.8-2 kilograms of carbon dioxide.

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The naphtha segment was the largest and was valued at USD 53.20 billion in 2018. Europe and APAC are the leading users of naphtha for ethylene production. The process used to produce ethylene using naphtha is similar to the process where ethylene is produced using ethane. The hydrocarbon (naphtha) is cracked by mixing it with steam and sending it through tubes in a cracking furnace, where it is quickly heated to very high temperatures. Subsequently, the cracked gas is immediately quenched and separated by separating columns, resulting in ethylene. The production of ethylene using naphtha is energy-intensive and is not a preferred choice. Ethylene production using ethane and LPG requires less energy. These factors can hinder the growth of the naphtha segment of the market during the forecast period.

Application Analysis 

Based on the application, the market has been segmented into LDPE, HDPE, ethylene oxide, vinyls, and others. The LDPE segment will account for the largest share of this segment.?The trend is likely to continue throughout the forecast period. LDPE has low density (0.910-0.925 g/cm3), and its molecular structure comprises long branches. LDPE films are flexible and economical and provide excellent protection for packaged food and beverages, consumer goods, and electronics. LDPE is extensively used to produce clear bakery films and bags. LLDPE is mainly used in thin films that are used in the F&B sectors. It is extensively used in the production of agricultural films, heavy-duty sacks, stretch films, freezer films, laminations, heavy-duty bags, and overwraps. These factors will drive the growth of the LDPE segment of the market during the forecast period.

Market Dynamic and Customer Landscape

The ethylene market is a vital component of the petrochemical industry, driving the production capacity of various chemicals such as ethylene dichloride, ethylene vinyl acetate and ethylene propylene. Ethylene serves as a key precursor in the manufacture of polyethylene, essential in packaging solutions demanded by consumers worldwide. Amid developments in industrial facilities and construction improvement, the market experiences fluctuations in supply and costs influenced by factors like consumers' awareness and consumer demand. However, challenges arise with the spread of the virus impacting high-end industrial applications and processed food and beverages sectors. Despite this, the ethylene market remains pivotal in supplying materials for diverse sectors including textile, rubber & plastics, and agrochemical industries. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Market  Driver

The rapid industrialization and urbanization trends are fueling the expansion of the flexible packaging market. One of the primary growth drivers is the surging demand for packaging materials, particularly from sectors like food and beverages, as well as consumer goods, electronics, and pharmaceuticals. LDPE and LLDPE, commonly used in flexible packaging, find extensive applications across various industries, including F&B, consumer products, and medical products. The Asia-Pacific (APAC) region, led by emerging economies like China and India, is anticipated to dominate the global flexible packaging market, closely trailed by Europe and North America.

Furthermore, the robust expansion of the APAC market is spurred by the burgeoning F&B sector. The pervasive utilization of plastics in packaging solutions is poised to amplify the demand for flexible packaging, consequently driving the consumption of LLDPE and LDPE and fostering the growth of the market throughout the forecast period.

Market Trends 

Increasing innovation in the packaging sector is an emerging trend shaping the market growth. The packaging industry is characterized by innovations. Modified atmosphere packaging (MAP), high-barrier flexible packaging, and smart packaging materials drive the packaging industry. The increase in the consumption of ready-made packaged foods drives the demand that can preserve the contents for a longer period. MAP is one such type of packaging that increases the shelf life of foods that are minimally processed. Further, high-barrier flexible packaging contains high-barrier resins that protect food from moisture and oxygen and increase shelf life.

Moreover, the major types of high-barrier plastics that are used for the development of such packaging include biaxially oriented polyethylene terephthalate (BOPET) and ethylene-vinyl alcohol (EVA). Smart packaging materials can identify a change in the external environment, and if the environment is not conducive to the safety of the product, the packaging materials are equipped to take remedial measures such as altering moisture and oxygen content and communicating to an external communication device to protect the product. These factors will drive the growth of the market during the forecast period.

Major Challenge

Decreasing the use of plastics is a significant challenge hindering market development. Environmental concerns regarding the use of plastic packaging for various applications will be a serious challenge to the market. Ethylene is widely used in the packaging sector, and bans imposed on plastic products can hamper the production of ethylene. Most countries, including the US, Germany, Japan, and France, have banned or limited the use of plastics and their derivatives for various packaging purposes. In many developed countries, various government regulations and policies on the use of plastic packaging are already in place.

However, other developing nations such as India, Brazil, and Indonesia are expected to follow. Volatile organic compounds (VOCs) emitted during the production of plastic packaging materials can pose a threat to the environment. Therefore, decreasing the use of plastics will hinder the market growth and trends during the forecast period.

Market Definition 

Ethylene is a commodity hydrocarbon gas derived from petroleum sources such as ethane, naphtha, and liquefied petroleum gas (LPG). It is colorless, flammable, and has a sweet odor. Globally, it is used as a building block for a range of petrochemical.

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Region Analysis

APAC is estimated to contribute 42% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period. 

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Further, one of the major drivers of the market in the region is the increasing use of plastic for packaging and construction in China, India, South Korea, Singapore, Malaysia, and Japan. The growth of the retail and e-commerce industries is a key driver of the market in this region. Ethylene is a key building block in the petrochemical industry and is primarily used in the production of plastics, fibers, and various chemical products. Economic growth and the increasing middle-class population are the key contributors to the retail and e-commerce industry in the region. The retail industry in the region is expected to grow at a rate of more than 7.9%, with China and India as the major contributors. In terms of retail sales (by volume), China, India, Singapore, the Philippines, Indonesia, and Malaysia were the leading countries in the region in 2023. The retail food industry in APAC is expected to post a growth rate higher than 12.8%.

In addition, China is focusing on the sustainable development of its economy, including the development of its transportation and energy sectors, urban development, and rural development. Such factors are likely to drive the construction sector, thereby increasing the demand for PVC. With the growth in construction sectors, the demand for ethylene is also expected to rise during the forecast period.

Key Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

BASF SE - The company offers ethylene for manufacturing polyethylene, ethylene chloride, and ethylene oxide.

Major players in the ethylene market include ExxonMobil, Dow Chemical Company, and Saudi Basic Industries Corporation (SABIC). Additionally, the report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including BASF SE, Braskem SA, Chevron Corp., China National Petroleum Corp., Eastman Chemical Co., , Formosa Plastics Group, Huntsman International LLC, Koch Industries Inc., LyondellBasell Industries N.V., Merck KGaA, Mitsubishi Chemical Group Corp., Mitsui Chemicals Inc., NOVA Chemicals Corp., Reliance Industries Ltd., Shell plc, Sumitomo Chemical Co. Ltd., and TotalEnergies SE

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Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is a dynamic sector with diverse applications across industries such as packaging, building, automobiles, and more. Ethylene Benzene and Ethylene Glycol serves as a fundamental component in the production of polyethylene, a versatile material widely used in packaging, building materials, and automotive parts. Additionally, the market sees a growing demand for bio-based products as sustainability becomes a priority.

Price fluctuations in the petroleum sector and the global economic slump impact ethylene production and pricing, affecting various industries reliant on ethylene derivatives. Despite challenges, the market witnesses continuous innovation, including the development of green polyethylene compounds and biomaterials.

Government regulations drive the adoption of circular economy practices and encourage the use of sustainable materials. Meanwhile, advancements in sterilization techniques in the medical industry enhance the safety of ethylene-based products. The pandemic has reshaped demand dynamics, with increased emphasis on safe packaged goods and consumer awareness. Industries respond with premium food packaging and consumer convenience solutions. Moreover, the  market sees expanding applications in the agricultural, medical, and cosmetic sectors. Despite challenges posed by the pandemic, low prices and widespread availability of plastic consumer goods drive market resilience. With its versatility and widespread applicability,  remains a crucial component in various industries, offering lightweight and high-quality packaging solutions for a range of consumer and industrial needs.

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Segment Overview

The research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments.

  • Feedstock Outlook 
    • Naphtha
    • Ethane
    • LPG
    • Others
  • Application Outlook
    • LDPE
    • HDPE
    • Ethylene oxide
    • Vinyls
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

 Market Scope

Report Coverage

Details

Base year

2023

Market structure

Fragmented

YoY growth 2023-2024(%)

5.76

Regional analysis

APAC, North America, Middle East and Africa, Europe, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

BASF SE, Braskem SA, Chevron Corp., China National Petroleum Corp., Dow Chemical Co., Eastman Chemical Co., Exxon Mobil Corp., Formosa Plastics Group, Huntsman International LLC, Koch Industries Inc., LyondellBasell Industries N.V., Merck KGaA, Mitsubishi Chemical Group Corp., Mitsui Chemicals Inc., NOVA Chemicals Corp., Reliance Industries Ltd., Saudi Basic Industries Corp., Shell plc, Sumitomo Chemical Co. Ltd., and TotalEnergies SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our ethylene markets report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this  Market Research Report?

  • CAGR of the market forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in customers behavior
  • Growth of the market across APAC, North America, Middle East and Africa, Europe, and South America
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Feedstock
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global ethylene market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global ethylene market 2018 - 2022 ($ billion)
    • 4.2 Feedstock Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Feedstock Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Feedstock

    • 6.1 Market segments
      • Exhibit 30: Chart on Feedstock - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Feedstock - Market share 2023-2028 (%)
    • 6.2 Comparison by Feedstock
      • Exhibit 32: Chart on Comparison by Feedstock
      • Exhibit 33: Data Table on Comparison by Feedstock
    • 6.3 Naphtha - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Naphtha - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Naphtha - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Naphtha - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Naphtha - Year-over-year growth 2023-2028 (%)
    • 6.4 Ethane - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Ethane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Ethane - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Ethane - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Ethane - Year-over-year growth 2023-2028 (%)
    • 6.5 LPG - Market size and forecast 2023-2028
      • Exhibit 42: Chart on LPG - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on LPG - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on LPG - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on LPG - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Feedstock
      • Exhibit 50: Market opportunity by Feedstock ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Feedstock ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 52: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 54: Chart on Comparison by Application
      • Exhibit 55: Data Table on Comparison by Application
    • 7.3 LDPE - Market size and forecast 2023-2028
      • Exhibit 56: Chart on LDPE - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on LDPE - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on LDPE - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on LDPE - Year-over-year growth 2023-2028 (%)
    • 7.4 HDPE - Market size and forecast 2023-2028
      • Exhibit 60: Chart on HDPE - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on HDPE - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on HDPE - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on HDPE - Year-over-year growth 2023-2028 (%)
    • 7.5 Ethylene oxide - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Ethylene oxide - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Ethylene oxide - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Ethylene oxide - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Ethylene oxide - Year-over-year growth 2023-2028 (%)
    • 7.6 Vinyls - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Vinyls - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Vinyls - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Vinyls - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Vinyls - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 74: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 76: Market opportunity by Application ($ billion)
      • Exhibit 77: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 79: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 80: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 81: Chart on Geographic comparison
      • Exhibit 82: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.6 Europe - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 99: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 India - Market size and forecast 2023-2028
      • Exhibit 115: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 119: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 120: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 121: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 123: Market opportunity by geography ($ billion)
      • Exhibit 124: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 125: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 127: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 128: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 129: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 130: Matrix on vendor position and classification
            • 12.3 BASF SE
              • Exhibit 131: BASF SE - Overview
              • Exhibit 132: BASF SE - Business segments
              • Exhibit 133: BASF SE - Key news
              • Exhibit 134: BASF SE - Key offerings
              • Exhibit 135: BASF SE - Segment focus
            • 12.4 Chevron Corp.
              • Exhibit 136: Chevron Corp. - Overview
              • Exhibit 137: Chevron Corp. - Business segments
              • Exhibit 138: Chevron Corp. - Key news
              • Exhibit 139: Chevron Corp. - Key offerings
              • Exhibit 140: Chevron Corp. - Segment focus
            • 12.5 China National Petroleum Corp.
              • Exhibit 141: China National Petroleum Corp. - Overview
              • Exhibit 142: China National Petroleum Corp. - Product / Service
              • Exhibit 143: China National Petroleum Corp. - Key offerings
            • 12.6 Dow Chemical Co.
              • Exhibit 144: Dow Chemical Co. - Overview
              • Exhibit 145: Dow Chemical Co. - Business segments
              • Exhibit 146: Dow Chemical Co. - Key news
              • Exhibit 147: Dow Chemical Co. - Key offerings
              • Exhibit 148: Dow Chemical Co. - Segment focus
            • 12.7 Eastman Chemical Co.
              • Exhibit 149: Eastman Chemical Co. - Overview
              • Exhibit 150: Eastman Chemical Co. - Business segments
              • Exhibit 151: Eastman Chemical Co. - Key offerings
              • Exhibit 152: Eastman Chemical Co. - Segment focus
            • 12.8 Exxon Mobil Corp.
              • Exhibit 153: Exxon Mobil Corp. - Overview
              • Exhibit 154: Exxon Mobil Corp. - Business segments
              • Exhibit 155: Exxon Mobil Corp. - Key offerings
              • Exhibit 156: Exxon Mobil Corp. - Segment focus
            • 12.9 Formosa Plastics Group
              • Exhibit 157: Formosa Plastics Group - Overview
              • Exhibit 158: Formosa Plastics Group - Product / Service
              • Exhibit 159: Formosa Plastics Group - Key offerings
            • 12.10 Huntsman International LLC
              • Exhibit 160: Huntsman International LLC - Overview
              • Exhibit 161: Huntsman International LLC - Business segments
              • Exhibit 162: Huntsman International LLC - Key news
              • Exhibit 163: Huntsman International LLC - Key offerings
              • Exhibit 164: Huntsman International LLC - Segment focus
            • 12.11 LyondellBasell Industries N.V.
              • Exhibit 165: LyondellBasell Industries N.V. - Overview
              • Exhibit 166: LyondellBasell Industries N.V. - Business segments
              • Exhibit 167: LyondellBasell Industries N.V. - Key news
              • Exhibit 168: LyondellBasell Industries N.V. - Key offerings
              • Exhibit 169: LyondellBasell Industries N.V. - Segment focus
            • 12.12 Merck KGaA
              • Exhibit 170: Merck KGaA - Overview
              • Exhibit 171: Merck KGaA - Business segments
              • Exhibit 172: Merck KGaA - Key news
              • Exhibit 173: Merck KGaA - Key offerings
              • Exhibit 174: Merck KGaA - Segment focus
            • 12.13 Mitsubishi Chemical Group Corp.
              • Exhibit 175: Mitsubishi Chemical Group Corp. - Overview
              • Exhibit 176: Mitsubishi Chemical Group Corp. - Business segments
              • Exhibit 177: Mitsubishi Chemical Group Corp. - Key offerings
              • Exhibit 178: Mitsubishi Chemical Group Corp. - Segment focus
            • 12.14 Reliance Industries Ltd.
              • Exhibit 179: Reliance Industries Ltd. - Overview
              • Exhibit 180: Reliance Industries Ltd. - Business segments
              • Exhibit 181: Reliance Industries Ltd. - Key news
              • Exhibit 182: Reliance Industries Ltd. - Key offerings
              • Exhibit 183: Reliance Industries Ltd. - Segment focus
            • 12.15 Saudi Basic Industries Corp.
              • Exhibit 184: Saudi Basic Industries Corp. - Overview
              • Exhibit 185: Saudi Basic Industries Corp. - Business segments
              • Exhibit 186: Saudi Basic Industries Corp. - Key offerings
              • Exhibit 187: Saudi Basic Industries Corp. - Segment focus
            • 12.16 Shell plc
              • Exhibit 188: Shell plc - Overview
              • Exhibit 189: Shell plc - Business segments
              • Exhibit 190: Shell plc - Key offerings
              • Exhibit 191: Shell plc - Segment focus
            • 12.17 TotalEnergies SE
              • Exhibit 192: TotalEnergies SE - Overview
              • Exhibit 193: TotalEnergies SE - Business segments
              • Exhibit 194: TotalEnergies SE - Key news
              • Exhibit 195: TotalEnergies SE - Key offerings
              • Exhibit 196: TotalEnergies SE - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 197: Inclusions checklist
                • Exhibit 198: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 199: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 200: Research methodology
                • Exhibit 201: Validation techniques employed for market sizing
                • Exhibit 202: Information sources
              • 13.5 List of abbreviations
                • Exhibit 203: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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