According to ChemAnalyst report, “India Ethylene Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”, The Indian India Ethylene Market is likely to healthy CAGR of 6.12% during the forecasted period. The end-use industries like Polyethylene, Ethylene Oxide, Ethylene Dichloride, and Ethylene Benzene are anticipated to fuel the Ethylene demand in India in the upcoming years.
Ethylene is a colourless and combustible gas with the chemical formula C2H4. It is one of the most widely used chemical with applications in numerous industries. The most widely used organic hydrocarbon worldwide and the lightest olefinic hydrocarbon is ethylene. It is made by heating fuels such as petroleum or natural gas, particularly its ethane and propane components, to temperatures between 800 and 900 degrees Celsius, which produces a mixture of gases from which ethylene can be extracted. Ethylene is a versatile chemical that is used to manufacture useful chemicals like Polyethylene, Ethylene Oxide, Ethylene Dichloride, Ethylene Benzene.
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Increasing demand for polyethylene such as HDPE, LDPE, and LLDPE from the packaging sector driven by increasing organized retail and the boom in the e-commerce industry is anticipated to be the primary reason for the growth of the India Ethylene market in the forecast period. Several varieties of polyethylene exist, including LDPE (Low-Density Polyethylene) and HDPE (High-Density Polyethylene). Shrink and stretch film for food packaging, as well as non-packaging usage, are the principal film applications for low density polyethylene (LDPE) and linear low-density polyethylene (LLDPE). Injection and blow moulding processes are the main ways that high density polyethylene (HDPE) is employed in products like pallets, barrels, drums, household items, etc. Moreover, increasing use of plastic packaging in food, beverages, personal care, healthcare, and consumer electronics industries will most likely further augment the growth of Ethylene market in the forecast period. Rapid urbanization and infrastructure development across the nation are portraying a major chunk of the demand for building and construction plastics like HDPE sheets, which is a prominent factor of the India Ethylene market and is anticipated to say so in the future. Ethylene Dichloride is employed as a feedstock to produce Polyvinyl Chloride (PVC), which is a versatile polymer with various applications such as Pipes & Fittings, Films & Sheets, Wires & Cables, Footwear, ETC.
The India Ethylene Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Ethylene market is segregated into different industrial sectors such as Polyethylene, Ethylene Oxide, Ethylene Dichloride, Ethylene Benzene, and Others. Among these, Polyethylene is dominating the segment of Ethylene. This segment held roughly 45% of the Ethylene market in FY2023. Owing to changing customer preferences towards ready-to-eat food items, this sector is anticipated to retain its dominance for packaging applications in the forecast period. Owing to changing customer preferences towards ready-to-eat food items, this sector is anticipated to retain its dominance for packaging applications in the forecast period. Ethylene Oxide (EO) is the second largest consumer of India’s Ethylene. EO finds key applications in manufacturing Ethylene Glycol, the most common of which is monoethylene glycol (MEG). MEG is used for making PET resins which are used for making bottles and are also used in several antifreeze applications. EO derivatives like ethoxylates (used in shampoo, kitchen cleaners, etc), glycol ethers (solvents, fuels, etc), and ethanolamines (surfactants, personal care products, etc) are contributing to the ethylene demand across India.
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The India Ethylene market is segregated into four regions based on regional consumption: West, South, North, and South. In the historic period of FY2015-FY2023, West India has been dominating the market. West India has been the frontrunner in the consumption of Ethylene for a variety of uses due to the presence of significant consumer goods producers as well as major plasticizer factories situated in states like Gujarat. The plastic commodities manufactured include plastic furniture, boxes, containers, etc.
“India Ethylene Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030” Some of the domestic players operating in India Ethylene market are Reliance Industries Limited, Indian Oil Corporation Limited, GAIL (India) Limited, ONGC Petro Additions Limited and Haldia Petrochemicals Limited. LyondellBasell, Dow Chemical Co., ExxonMobil, Chevron Phillips, Shell, and INEOS are some of the international players operating in India Ethylene market.
“The rapidly increasing demand for Ethylene to manufacture industrially significant polymers such as Polyethylene, Ethylene Oxide, Ethylene Dichloride, Ethylene Benzene and Others which is employed by various industries such as automotive, construction, packaging, electronics & electricals, etc, is expected to drive the India Ethylene Market in the forecast period until FY2030. West India is the major consumer of Ethylene due to the leading consumer goods, packaging and plasticizer manufacturers located in this region and is anticipated to retain its position in the forecast period till FY2030. ”Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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