After years of boom conditions, storm clouds are gathering. 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 global demand for ethylene amounted to some 152 million metric tons in 2017. Buy our reports to address business challenges and make better commercial decisions with objective insights, analyses and data. Increasing demand of ethylene in chemical industry and rising usage of ethylene in automotive coolants are the factor for the growth of this market. Bioplastics offer a smaller carbon footprint. We help our clients address their most pressing strategic and commercial challenges. Data are provided in downloadable excel workbooks that contain both tabular and interactive graphical formats. The market for surplus exports in China is clear, but protectionism will limit market access. The additional capacity will help to improve China’s self-sufficiency but will not eliminate the country’s ethylene deficit. 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. We use cookies on the public areas of our website. All Rights Reserved. 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… North America was the first to benefit from ethylene’s changing … 5 Global Ethylene oxide Ethylene Market, 2016-2026 (Kilo Tons) FIG. The April 2019 update to Wood Mackenzie's global ethylene long-term outlook to 2040 is now available. Want to know more about our supply/demand forecasts and the risks affecting the ethylene industry? Global ethylene market is set to witness a substantial CAGR of 8.95% in the forecast period of 2019- 2026. Asia pacific and North America dominate the ethylene oxide market, accounting for over 60% of the total demand in 2011. 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. For more information on this study, download the brochure by completing the form on this page or contact chemicals@woodmac.com. By continuing to browse the site you are agreeing to our use of cookies. The global demand for ethylene amounted to some 152 million metric tons in 2017. We use cookies on the public areas of our website. China’s fast-rising ethylene demand has spurred a corresponding boom in domestic ethylene production capacity. The global rise in disposable incomes has been a key driver of demand for PET bottles, which are used for water and … up the first grass-roots ethylene unit since 2000. 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. For US producers, market access is a key limitation, particularly for surplus ethylene monomer for the time being. Our base case is more optimistic – but whichever way the wind blows, the industry should at least prepare to navigate some choppy waters ahead. 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. 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. Now, as the largest petrochemical by volume in 2018, ethylene forms the backbone of the petrochemical industry. Global Ethylene production by feed type (KTA ethylene by feed) Increasing demand for antifreeze from automobile industry is likely to fuel the market growth over the forecast period. Ethylene carbonate is an organic chemical compound that is available in colorless to yellowish solid form with a fruity essence. China remains a critical outlet for export surpluses. Global ethylene spot prices Upstream costs are expected to put some upward pressure on the ethylene market in 2019, as new crackers increase demand … Global Ethylene Acrylic Acid Adhesive Market 2018 - Industry Production, Trends, Sales, Supply, Demand, Analysis & Forecast to 2025 +49 322 210 92714 (GMT OFFICE HOURS) 1990-2018 Global Ethylene Production Capacity in Million Metric Tons for the Period 2018 and 2030 Global Ethylene Distribution Demand by Percentage Market Share DUBLIN, April 5, 2018 /PRNewswire/ -- . Due to its widespread industrial applications, ethylene is produced by petrochemicals companies worldwide. Some of the key factors propelling the market growth include growing demand for lubricants & lithium ion … We look at four factors that pose a threat to the continuation of the ethylene boom. It’s all happening in North America. 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. 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. Request Sample. 1990-2018 Global Ethylene Production Capacity in Million Metric Tons for the Period 2018 and 2030 Global Ethylene Distribution Demand by Percentage Market Share Amid the COVID-19 crisis, the global market for Ethylene estimated at 158 Million Tonnes in … 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. Global distribution of polyethylene demand by application 2016 Global leading importing countries of polyethylene polymers 2015 PET film export volume - India 2008-2013 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%. Can the global ethylene boom be sustained as risks mount? However, higher US ethane feedstock costs and lower global naphtha feedstock costs narrowed this gap slightly in late 2018. 3 Global Ethylene Market share, by Application, 2018 & 2025 (Kilo Tons) FIG. Ten years ago, the picture looked very different. 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 … Data are provided in downloadable excel workbooks that contain both tabular and interactive graphical formats. Ethylene supply likely will be more resilient this year, falling less than consumption, with exports supporting cracker production. 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. 57,481 63,832 21,706 9,812 . 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 "Ethylene Oxide (EO): 2018 World Market Outlook and Forecast up to 2022" report has been added … 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. Ethylene supply likely will be more resilient this year, falling less than consumption, with exports supporting cracker production. We cover a diverse range of industry sectors and focus areas across the entire natural resources value chain. 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. Data are provided in downloadable excel workbooks that contain both tabular and interactive graphical formats. We deliver real-time and historical data, forecasts, analytical insight, tools and software solutions. 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. 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. 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. The ethylene market is booming. Mounting risks could create the perfect storm. Subscribe to our trusted data and analysis for global energy, chemicals, metals and mining industries. China is on a massive wave of steam cracker investment, driven by the ethylene industry’s healthy margins. North America was the first to benefit from ethylene’s changing fortunes. Massive investment is partly driven by the oil industry. In Japan, LDPE will reach a market size of 5.4 Million Tons … Ethylene market size will continue to grow through 2021 owing to increasing investments aimed at boosting the production capacity for gas. 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. Sign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts. © 2018 IHS Markit. DUBLIN, March 26, 2018 /PRNewswire/ -- . FIG. The report then estimates 2018-2023 market development trends of Ethylene Tetrafluoroethylene (ETFE) industry. 20 November 2018 Marifaith Hackett, Ph.D. 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. • 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. 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. 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? Fill in the form to receive an extract from our presentation Global Ethylene: Living the Dream delivered at the 2018 European Polyester Conference. The Rule of 3: Global oil market outlook – September 2018. Global Ethylene Carbonate Market 2018 - Industry Production, Trends, Sales, Supply, Demand, Analysis & Forecast to 2025 +49 322 210 92714 (GMT OFFICE HOURS) 1. Due to its widespread industrial applications, ethylene is produced by petrochemicals companies worldwide. Global Ethylene Market to Reach 207. Global ethylene market is set to witness a substantial CAGR of 8.95% in the forecast period of 2019- 2026. 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. How do we see the supply/ demand pattern playing out in key markets globally and who is set to benefit most? 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. IHS Markit expects 2018 global PE demand to exceed 100 million metric tonnes (MMT). The "Ethylene Oxide (EO): 2018 World Market Outlook and Forecast up to 2022" report has been added to … Market sources said ethylene supplies are likely to fall Over 1.4 Million Tons worth of projected demand in the region will come from Rest of Europe markets. 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. Natural resources research for financial services, Oil Field Services & Original Equipment Manufacturers, 2020 Featured Reports - Power & Renewables. 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. A heady combination of strong global consumer demand combined with a lower oil price enabling cheaper feedstocks and high operating rates has created boom conditions, leading to a rush of investment from North America to China and even Europe. Confidential. The competitive advantage delivered by the shale boom, resulting in low natural gas prices relative to crude oil prices, saw the US market build capacity that is now starting to materialise. As global ethylene consumption continues to grow, petrochemical companies will need to invest in new ethylene facilities to meet demand. We deliver real-time and historical data, forecasts, analytical insight, tools and software solutions. Subscribe to our trusted data and analysis for global energy, chemicals, metals and mining industries. More importantly, alongside every boom comes a potential bust. 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 … And if, as expected, the oil price remains high into the 2020s, this could also affect prices of petrochemical products and impact their competitiveness. 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. On the supply side, China will continue to build naphtha crackers and methanol-to-olefins facilities to make ethylene and derivatives. For ethylene amounted to some 152 Million metric tonnes ( MMT ) production capacity in Million metric (... 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