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Ethylene Market was valued at US$ 129.3 Billion in 2024 and is projected to grow at a CAGR of 11.70% to reach US$ 355 Billion by 2034. prophecymarketinsights.com
Ethylene is a simple hydrocarbon compound with the chemical formula C2H4. It is a colorless and flammable gas with a sweet odor. Ethylene is an important industrial chemical that plays a significant role in various processes and applications. Ethylene is primarily produced through the steam cracking of hydrocarbon feedstock such as natural gas, naphtha or ethane.
The petrochemical industry, which heavily relies on ethylene as a key raw material, is expected to expand in the coming years. This growth is driven by increasing demand for plastic products in various sectors, such as packaging, construction, automotive, and electronics. Technological advancements and investments in new production facilities are likely to contribute to the growth of the Ethylene Market.
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