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US Ethylene Market

ID: MRFR/CnM/11709-CR
100 Pages
Garvit Vyas
December 2023

US Ethylene Market Research Report Information By Feedstock Type (Naphtha, Ethane, Propane, Butane And Others), By Application (Polyethylene, Ethylene Oxide, Ethylene Benzene, Ethylene Dichloride, Ethylene Glycol, Vinyl Acetate, Alpha Olefins And Others), By End Users (Packaging, Automotive, Construction, Agrochemical, Textile, Chemicals, Rubber & Plastics, Soaps & Detergents And Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035.

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US Ethylene Market Summary

The US Ethylene Market is projected to experience substantial growth, reaching 541.32 USD Billion by 2035.

Key Market Trends & Highlights

US Ethylene Market Key Trends and Highlights

  • The market valuation for US Ethylene Market is estimated at 235.94 USD Billion in 2024.
  • From 2025 to 2035, the market is expected to grow at a compound annual growth rate of 7.84%.
  • By 2035, the market is anticipated to expand significantly, achieving a valuation of 541.32 USD Billion.
  • Growing adoption of sustainable practices due to environmental regulations is a major market driver.

Market Size & Forecast

2024 Market Size 235.94 (USD Billion)
2035 Market Size 541.32 (USD Billion)
CAGR (2025 - 2035) 7.84%

Major Players

Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

Key Companies in the US Ethylene Market market include

Report Scope

Report Attribute/Metric Details
Market Size 2022 USD  29.5 Billion
Market Size 2023 USD 30 Billion
Market Size 2030 USD 42 Billion
Compound Annual Growth Rate (CAGR) 4.4% (2023-2030)
Base Year 2023
Market Forecast Period 2023-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Teijin Ltd (Japan), AkzoNobel N.V (Netherland), Evonik Industries (Germany), Johnson Controls (U.S.), Magna International (Canada), Momentive (U.S.), Covestro AG (Germany), The Dow Chemical Company (U.S.), BASF SE (Germany), SABIC (Saudi Arabia)
Key Market Opportunities Rising focus on bringing down the vehicles’ weight and boosting the overall performance is prompting vendors to go for PMMA plastics.
Key Market Dynamics Adoption of lightweight materials due to stringent emission and fuel economy regulations.

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FAQs

What is the projected market size of the US Ethylene Market in 2024?

The US Ethylene Market is expected to be valued at approximately 35.0 USD billion in 2024.

What is the expected market size of the US Ethylene Market in 2035?

By 2035, the US Ethylene Market is anticipated to reach a valuation of around 60.0 USD billion.

What is the CAGR for the US Ethylene Market from 2025 to 2035?

The expected CAGR for the US Ethylene Market from 2025 to 2035 is approximately 5.022 percent.

Which are the major players in the US Ethylene Market?

Key players in the US Ethylene Market include SABIC, Chevron Phillips Chemical, and ExxonMobil among others.

What is the market value of Ethane feedstock in the US Ethylene Market for 2024?

The market value for Ethane feedstock in the US Ethylene Market is projected to be around 14.0 USD billion in 2024.

What market value does Naphtha feedstock hold in 2035?

In 2035, the market value for Naphtha feedstock in the US Ethylene Market is expected to be around 18.0 USD billion.

How much is the Propane segment expected to grow by 2035?

The Propane segment is expected to grow to approximately 7.5 USD billion by 2035.

What challenges are affecting the growth of the US Ethylene Market?

Factors such as fluctuating feedstock prices and regulatory changes pose challenges to the market's growth.

What are the key applications of Ethylene in the industry?

Ethylene is primarily used in the production of polyethylene, ethylene glycol, and other petrochemicals.

Which feedstock is projected to have the largest market share by 2035?

Ethane is projected to have the largest market share, valued at approximately 25.0 USD billion by 2035.

What is the expected market size of the US Ethylene Market in 2024?

The US Ethylene Market is expected to be valued at 36.81 billion USD in 2024.

What is the projected market value of the US Ethylene Market in 2035?

The projected market value of the US Ethylene Market in 2035 is 61.01 billion USD.

What is the expected compound annual growth rate (CAGR) for the US Ethylene Market from 2025 to 2035?

The expected CAGR for the US Ethylene Market from 2025 to 2035 is 4.7 percent.

Which feedstock contributes the highest value to the US Ethylene Market in 2024?

In 2024, Ethane is anticipated to contribute the highest value at 15.0 billion USD.

What is the estimated value of the US Ethylene Market for Naphtha in 2035?

The estimated value of the US Ethylene Market for Naphtha in 2035 is 17.25 billion USD.

Who are the key players in the US Ethylene Market?

Major players in the US Ethylene Market include ExxonMobil, Dow, Braskem, and LyondellBasell Industries.

What is the market size for Propane in the US Ethylene Market by 2035?

The market size for Propane in the US Ethylene Market is expected to reach 8.5 billion USD by 2035.

How much is the market for Butane in the US Ethylene Market valued at in 2024?

The market for Butane in the US Ethylene Market is valued at 3.5 billion USD in 2024.

What are the growth opportunities within the US Ethylene Market?

The growth opportunities within the US Ethylene Market stem from increasing demand in various applications, including plastics and chemicals.

What challenges does the US Ethylene Market face amidst current global dynamics?

The US Ethylene Market faces challenges related to fluctuating feedstock prices and geopolitical tensions impacting supply chains.

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