The Global Ethylene Market is driven by Rising construction sector activities
The demand for Global Ethylene Market Size is expected to grow significantly during the forecast period due to its increasing consumption in the packaging, automotive, construction, and agrochemical industries. The growing population and rising disposable incomes in developing countries are fueling the demand especially in Asia Pacific.
Many companies engaged in the ethylene market are focusing on expanding their production facilities and geographic presence through acquisitions and greenfield projects. For instance, key players are setting up new cracker plants in the Middle East, Europe, and Asia to take advantage of the high growth opportunities in these regions.
This will highly augment ethylene demand from the packaging and consumer products industries in Asia. Many global companies are expanding ethylene production capacities in Asia to tap into the fast growing regional demand. Robust GDP growth projected across Asia Pacific economies will continue to drive the market in the future.
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