Global Ethylene Market Insights, Opportunity Analysis, and Industry Forecast till 2025

 

Ethylene Market
Ethylene Market

The simplest raw material commonly generated from multiple hydrocarbons, ethylene is the lightest olefinic hydrocarbon or organic hydrocarbon and is used extensively in the production of polymers including fibres, polymer plastics, and other organic compounds. The two main feedstocks utilised to generate ethylene globally are naphtha and ethane. Butane, propane, coal, methanol to olefins (MTO), gas oil, and propane are among the other feedstocks utilised in the production of ethylene.

In 2016, the ethylene market was controlled by the naphtha feedstock segment. The most common feedstock in the Western Europe and Asia-Pacific areas is naphtha. In North America and the Middle East, ethane is the main feedstock. In comparison to using naphtha as a feedstock, ethane has a lower manufacturing cost for ethylene. The surge in shale gas extraction in North America has resulted in the development of cheap ethane gas, which has reduced the cost of making ethylene to 60% less than using naphtha as a feedstock. Saudi Arabia, one of the major oil and gas producers in the Middle East, can make ethylene using ethane as a feedstock for only about US$50 per metric tonne.

Additionally, places including Asia-Pacific, the Middle East, and North America use feedstocks such coal, propane, butane, and MTO to make ethylene at a lower price than naphtha. As a feedstock for generating ethylene at a price substantially lower than naphtha, propane and butane are currently consumed mostly in North America and the Middle East. Additionally, the North American shale gas boom for ethane production has resulted in a significant increase in ethylene plant capacity.

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