GineersNow Oil Refineries, March2020 chemical, crude, fuel, drilling, exploration, LNG, energy, offshore, onshore, petroleum, lubricant, petrochemical, energy, refineries, upstream, midstream, downstream
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GineersNow Oil & Gas Leaders magazine is featuring the latest technologies in oil refining
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NEWS
The Ethylene Industry
Ethylene market worldwide is projected to
grow by 47.1 Million Tons, driven by a compounded
growth of 3.9%. LDPE, one of the
segments analyzed and sized in this study, displays
the potential to grow at over 4.4%. The shifting
dynamics supporting this growth makes it critical
for businesses in this space to keep abreast of the
changing pulse of the market. Poised to reach over
96.1 Million Tons by the year 2025, LDPE will
bring in healthy gains adding significant
momentum to global growth.
Representing the developed world, the United
States will maintain a 3% growth momentum.
Within Europe, which continues to remain an
important element in the world economy,
Germany will add over 1.7 Million Tons to the
region's size and clout in the next 5 to 6 years.
Over 1.4 Million Tons worth of projected demand
in the region will come from Rest of Europe
markets.
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