Global Annual Demand for Ethylene Exceeds 150 Mln Tonnes, States Petrochemical Reporters in Its Report Available at MarketPublishers.com03 May 2016 • by Natalie Aster
LONDON – As a basic building block of the chemical industry, ethylene is used as feedstock in production of a broad spectrum of solvents, plastics, cosmetics and other products.
Currently, the global annual demand for ethylene exceeds 150 million tonnes. In the next five years, the overall demand for ethylene is anticipated to continue growing, registering 3.5% YoY growth.
At present, the worldwide annual ethylene production capacity is estimated at around 1 million tonnes. For instance, in the late 70s-early 80s, it stood at only 300 thousand tonnes.
In-demand research study “The Ethylene Technology Report 2016” drawn by Petrochemical Reporters focuses on the existing and developing technologies used in the ethylene production. The report discusses costs of various technologies and also explores its sensitivity to variables like by-products and feedstock. The market dynamics, key growth drivers and limiters, competitive scenario are thoroughly analysed in the report. In addition, the report offers forecasts for the global ethylene technology market. The study also discloses statistics on ethylene capacity, production, consumption and foreign trade.
More insightful research reports by Petrochemical Reporters are available at this page.