The cost of UK ETS carbon permits (UKAs) was around *** GBP in February 2023, but prices have fallen considerably since then. Prices on January 16, 2025 were just ***** GBP, down ** percent from the same date the previous year. Formerly part of the EU ETS, the UK launched its own cap-and-trade system in 2021 following Brexit. Why has the UK’s carbon price fallen? Several factors have contributed to falling UK carbon prices, including mild winter weather and reduced power demand, as well as a surplus of carbon allowances on the market. While prices have recovered marginally from the record lows, they remain markedly below carbon prices on the EU ETS. The low cost of UK carbon permits has raised concerns that it could deter investment in renewable energy. Future of UK ETS The UK ETS covers emissions from domestic aviation and the industry and power sectors, amounting to some ** percent of the country’s annual GHG emissions. There are plans to expand the system over the coming years to cover CO₂ venting by the upstream oil and gas sector, domestic maritime emissions, and energy from waste and waste incineration. The UK is also looking to introduce a carbon border adjustment mechanism, which would place a carbon price on certain emissions-intensive industrial goods imported to the UK.

As of April 2025, the European Union Emission Trading Scheme (EU ETS) carbon price was above ** U.S. dollars per metric tons of carbon dioxide equivalent (USD/tCO₂e). The EU ETS launched in 2005 as a cost-effective way of reducing greenhouse gas emissions, and was the world's first major international carbon market. The UK was formerly part of the EU ETS, but replaced this with its own system after withdrawing from the EU. As of April 2025, the price of carbon on the UK ETS was almost ** USD/tCO₂e.

EU Carbon Permits fell to 82.64 EUR on December 1, 2025, down 0.74% from the previous day. Over the past month, EU Carbon Permits's price has risen 1.77%, and is up 20.06% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for EU Carbon Permits.

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Carbon Credit Market Size 2025-2029

The carbon credit market size is forecast to increase by USD 1,966.3 billion at a CAGR of 32.1% between 2024 and 2029.

The market is experiencing significant growth due to rising emissions in the Earth's atmosphere, which necessitates the need for businesses and individuals to offset their carbon footprint. Booming investment and partnership deals in this market are driving its expansion, with various organizations recognizing the importance of reducing their carbon emissions and contributing to environmental sustainability. However, the fluctuating prices of carbon credits pose a challenge for market participants, as they can impact the profitability of carbon offsetting projects.
To stay competitive, market players must closely monitor carbon credit prices and adapt their strategies accordingly. In summary, the market is witnessing increasing demand due to growing environmental concerns and regulatory requirements, but its growth is influenced by the volatility of carbon credit prices.

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The market has gained significant traction in recent years as businesses and individuals seek to offset their carbon emissions and contribute to the global decarbonization effort. This market facilitates the buying and selling of carbon credits, which represent the right to emit a specific amount of greenhouse gases. The voluntary carbon market plays a crucial role in this context, enabling organizations to offset their carbon footprint beyond regulatory requirements. Net-zero greenhouse-gas emissions have become a key business objective, driving demand for carbon credits from various sources. Forestry projects are a significant contributor to the market. These projects involve the protection, restoration, or reforestation of forests, which act as carbon sinks, absorbing and storing carbon dioxide from the atmosphere.
Carbon emission reduction projects, such as renewable energy and energy efficiency initiatives, also contribute to the market. Carbon storage projects, including those focused on geological storage, are another essential component. The market's dynamics are influenced by various factors, including regulatory policies, market prices, and technological advancements. As the world moves towards a low-carbon economy, the demand for carbon credits is expected to continue growing, making it an attractive investment opportunity for businesses and individuals alike.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Power
  Energy
  Transportation
  Industrial
  Others


Type

  Compliance
  Voluntary


Geography

  Europe

    Germany
    UK
    France
    Italy


  Asia

    China


  North America



  Rest of World (ROW)

By End-user Insights

The power segment is estimated to witness significant growth during the forecast period.

Carbon credits represent financial instruments that enable organizations to invest in emission reduction projects, contributing to the global effort to transition from fossil fuels to renewable energy sources. These initiatives, which focus on conservation, biodiversity, and livelihoods, provide a means to reduce greenhouse gas emissions and mitigate the effects of climate change.

Additionally, the energy sector, specifically power generation, can benefit significantly from this shift, as renewable energy sources offer a sustainable and non-depleting alternative to coal and natural gas. To achieve the international goal of limiting global temperature rise to 2°C or 1.5°C above pre-industrial levels, the reduction of greenhouse gas emissions is crucial. Carbon credits facilitate this transition by incentivizing investment in renewable energy projects and reducing the overall carbon footprint.

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The power segment was valued at USD 61.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 84% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European Union (EU) held a significant share of The market in 2023, with countries like the UK and Germany being major buyers. To achieve climate neutrality by 2050, the EU established the International Emissions Trading System (ETS) in 2005, which sets the cost of CO2 emissions and uses

The price of one carbon allowance under the United Kingdom Emissions Trading Scheme (UK ETS) was **** U.S. dollars per metric ton on April 1, 2025. The UK ETS launched in 2021 after the country's withdrawal from the European Union, and covers emissions from energy-intensive industries, the power generation sector, and aviation.

The Compliance Carbon Credit Market, valued at $820 million in 2025, is projected to experience robust growth, driven by escalating global efforts to mitigate climate change and meet stringent emission reduction targets. A Compound Annual Growth Rate (CAGR) of 14.81% from 2025 to 2033 indicates a significant expansion of the market, reaching an estimated value exceeding $3 billion by 2033. Key drivers include the increasing implementation of carbon pricing mechanisms (e.g., carbon taxes, emissions trading schemes) across various jurisdictions, coupled with growing corporate sustainability initiatives and investor pressure to reduce carbon footprints. The market's segmentation reveals considerable opportunities across renewable energy projects (solar, wind), forestry and land use (afforestation, reforestation), energy efficiency improvements in industries, and sustainable transportation solutions. North America and Europe are expected to dominate the market initially, given established regulatory frameworks and robust corporate engagement. However, Asia-Pacific is poised for significant growth in the coming years, driven by increasing industrialization and government support for carbon reduction policies in key markets like China and India. While the market faces restraints like fluctuating carbon prices and complexities in verifying and monitoring carbon credits, the overall outlook remains positive. Continued technological advancements in carbon accounting, the emergence of new carbon offsetting projects, and heightened awareness among businesses and consumers about climate change will contribute to sustained market expansion. The leading players in this market, including Carbon Trust, ClimateCare, and others, are strategically positioning themselves to capitalize on this growth by investing in project development, carbon credit verification, and innovative carbon management solutions. The increasing demand for high-quality and verifiable carbon credits will shape the competitive landscape, requiring companies to enhance transparency and operational efficiency. Recent developments include: April 2024: Regional efforts in the Western United States and Canada are gaining momentum as the urgency of combating climate change increases. Plans to link their carbon markets are being drawn up in California, Quebec, and Washington, which could significantly affect trading dynamics. The three authorities intend to work together to create a more extensive carbon credit market as soon as their proposed alliance takes effect., January 2024: The Commodity Futures Trading Commission (CFTC) issued proposed guidance on the listing of voluntary carbon credit (VCC) derivatives contracts on designated contract markets for the public to comment on the proposal.. Key drivers for this market are: Regulatory Mandates and Policies, Growing Corporate Sustainability Initiatives. Potential restraints include: Regulatory Mandates and Policies, Growing Corporate Sustainability Initiatives. Notable trends are: Charting the Course of Carbon Pricing: UK-ETS Post-Brexit.

Explore the booming Compliance Carbon Credit Market, projected to hit $0.82 billion with a 14.81% CAGR. Discover key drivers, trends, restraints, and leading companies shaping the future of emissions trading. Recent developments include: April 2024: Regional efforts in the Western United States and Canada are gaining momentum as the urgency of combating climate change increases. Plans to link their carbon markets are being drawn up in California, Quebec, and Washington, which could significantly affect trading dynamics. The three authorities intend to work together to create a more extensive carbon credit market as soon as their proposed alliance takes effect., January 2024: The Commodity Futures Trading Commission (CFTC) issued proposed guidance on the listing of voluntary carbon credit (VCC) derivatives contracts on designated contract markets for the public to comment on the proposal.. Key drivers for this market are: Regulatory Mandates and Policies, Growing Corporate Sustainability Initiatives. Potential restraints include: Market Complexity and Uncertainty. Notable trends are: Charting the Course of Carbon Pricing: UK-ETS Post-Brexit.

The price of emissions allowances (EUA) traded on the European Union's Emissions Trading Scheme (ETS) exceed 100 euros per metric ton of CO₂ for the first time in February 2023. Although average annual EUA prices have increased significantly since the 2018 reform of the EU-ETS, they fell ** percent year-on-year in 2024 to ** euros. What is the EU-ETS? The EU-ETS became the world’s first carbon market in 2005. The scheme was introduced as a way of limiting GHG emissions from polluting installations by putting a price on carbon, thus incentivizing entities to reduce their emissions. A fixed number of emissions allowances are put on the market each year, which can be traded between companies. The number of available allowances is reduced each year. The EU-ETS is now in its fourth phase (2021 to 2030). Carbon price comparisons The EU ETS has one of the highest average annual carbon prices worldwide, averaging ** U.S. dollars as of April 2025. In comparison, prices for UK ETS carbon credits averaged 57 U.S. dollars during same period, while those under the Regional Greenhouse Gas Initiative (RGGI) in the United States averaged just ** U.S. dollars.

This statistic shows the projected value of carbon in the United Kingdom from 2018 to 2035, in British pounds per metric ton of CO² equivalent. The high, central and low projections are used by Her Majesty's Government to appraise and evaluate government policy, and inform the Government's decision making processes. Under the highly priced scenario, the value of carbon is expected to remain at approximately ** British pounds from 2030 to 2035.

Carbon Removal Credit Insurance Market Outlook

According to our latest research, the Global Carbon Removal Credit Insurance market size was valued at $1.2 billion in 2024 and is projected to reach $7.8 billion by 2033, expanding at a robust CAGR of 22.4% during 2024–2033. The primary growth driver for this market is the increasing demand for credible and verifiable carbon removal credits as organizations worldwide accelerate their net-zero and decarbonization commitments. As the voluntary and compliance carbon markets mature, buyers and investors are seeking risk mitigation solutions to ensure the integrity, delivery, and financial value of carbon credits. This growing awareness around the risks associated with carbon credit projects—such as non-delivery, reversal, and regulatory changes—has led to a surge in demand for specialized insurance products tailored to the carbon removal sector. Insurers, brokers, and digital platforms are responding by innovating new insurance solutions, thereby fueling the market’s expansion.

Regional Outlook

North America currently holds the largest share of the Carbon Removal Credit Insurance market, accounting for over 38% of the global market value in 2024. This dominance is primarily attributed to the region’s mature insurance sector, advanced risk modeling capabilities, and early adoption of carbon offset protocols. The United States, in particular, has been at the forefront of carbon market innovation, with a strong ecosystem of project developers, voluntary carbon markets, and institutional buyers. Furthermore, robust policy frameworks, such as California’s cap-and-trade system and Canada’s carbon pricing mechanisms, have driven demand for risk transfer solutions. North American insurers have leveraged their expertise in environmental and specialty insurance to design bespoke products for carbon credit delivery risk, reversal risk, and regulatory uncertainties, solidifying the region’s leadership position.

Europe is expected to be the fastest-growing region in the Carbon Removal Credit Insurance market, projected to achieve a CAGR of 25.7% from 2024 to 2033. The European Union’s ambitious climate policies, including the European Green Deal and the expansion of the EU Emissions Trading System (ETS), are catalyzing significant investments in carbon removal projects and credit trading. Companies in the UK, Germany, and Scandinavia are increasingly integrating carbon removal credits into their sustainability strategies, driving up demand for insurance products that safeguard against project underperformance and regulatory shifts. Additionally, European insurers and reinsurers are actively investing in product innovation and cross-border partnerships, further accelerating market growth. The region’s strong regulatory oversight and commitment to transparency are also fostering trust in insured carbon credits among buyers and investors.

Emerging economies in Asia Pacific, Latin America, and the Middle East & Africa are witnessing a gradual uptake of carbon removal credit insurance, though adoption is currently constrained by limited market infrastructure, lower awareness, and regulatory uncertainty. In Asia Pacific, countries like China, Japan, and Australia are beginning to explore carbon removal mechanisms as part of their broader climate goals, but insurance penetration remains low. Latin America, with its vast forest and land-based carbon removal potential, faces challenges around project standardization, verification, and insurance product accessibility. Meanwhile, the Middle East & Africa region is in the early stages of carbon market development. However, as these regions strengthen their climate commitments and international investors seek risk mitigation for cross-border projects, demand for carbon removal credit insurance is expected to rise steadily, albeit from a smaller base.

Report Scope

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Carbon Dioxide Removal Market Size 2024-2028

The carbon dioxide removal market size is forecast to increase by USD 21.25 billion, at a CAGR of 26.73% between 2023 and 2028.

The Carbon Dioxide Removal (CDR) market is experiencing significant growth due to increasing investments in direct air capture technology. This technology, which absorbs CO2 directly from the atmosphere, is gaining traction as a promising solution for reducing greenhouse gas emissions. However, the market's growth is not without challenges. One of the primary obstacles is the permanence of carbon storage solutions. Despite advancements in carbon capture and storage (CCS) technology, ensuring the long-term stability of stored CO2 remains a concern. As the demand for CDR technologies continues to rise, companies must address this challenge to build trust and confidence in their offerings.
Additionally, the market faces regulatory hurdles and high implementation costs, which may limit its growth potential. To capitalize on market opportunities and navigate challenges effectively, companies must focus on developing robust carbon storage solutions and collaborating with governments and industry partners to address regulatory and financial barriers.

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The market continues to evolve, driven by the pressing need for climate change mitigation and the increasing demand for net zero emissions. The market encompasses a range of applications, from carbon mineralization and co2 utilization to carbon capture plants and negative emissions technologies. These solutions are integrated into various sectors, including renewable energy and clean technology, to enhance their carbon footprint reduction capabilities. Carbon capture feasibility and cost remain key considerations in the deployment of carbon capture systems. Co2 capture membranes and sorbents play crucial roles in this process, with ongoing research and development efforts aimed at improving their efficiency and reducing costs.

The carbon capture equipment market is expanding, with an increasing number of co2 capture plants coming online. Carbon pricing and emissions trading schemes are also shaping the market, providing financial incentives for carbon capture deployment. The use of carbon removal credits is gaining traction as a means of offsetting emissions and achieving carbon neutrality. The ongoing unfolding of market activities reveals a dynamic and complex landscape, with continued innovation and collaboration required to effectively address the challenges of climate change. Greenhouse gas removal technologies, including direct air capture and carbon sequestration, are essential components of the market.

These solutions offer promising opportunities for co2 utilization and storage, contributing to the development of a circular carbon economy. The integration of negative emissions technologies into industrial processes, such as enhanced oil recovery, is another area of focus, with potential for significant emissions reductions. The carbon capture market is characterized by its continuous evolution, with new developments and trends emerging regularly. The market's ongoing dynamism reflects the urgent need for effective climate change solutions and the potential for innovative technologies to make a significant impact on reducing greenhouse gas emissions.

How is this Carbon Dioxide Removal Industry segmented?

The carbon dioxide removal industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Technology

  DAC
  CCS
  Bioenergy with CCS
  Soil carbon sequestration
  Others


Application

  Industrial
  Agricultural
  Energy production


End-User

  Corporations
  Governments
  Carbon Credit Markets


Deployment Type

  Land-Based
  Ocean-Based


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Netherlands
    UK


  Middle East and Africa

    South Africa
    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Technology Insights

The dac segment is estimated to witness significant growth during the forecast period.

Carbon dioxide removal (CDR) markets have witnessed notable growth with the increasing emphasis on climate change mitigation and net zero emissions. One prominent CDR method is Direct Air Capture (DAC), which can be deployed at various scales, from small facilities to large industrial plants. This flexibility makes it an attractive solution for diverse locations, enabling seamless integration into existing infrastructures. DAC's geological storage capability allows for permanent carbon

This dataset provides values for CO2 EMISSIONS reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The UK carbon dioxide market is forecast to grow to 3.3M tons and $881M by 2035, driven by strong demand. This analysis covers current consumption, production, and detailed import/export trends, including key trading partners and price dynamics.

Price-To-Cashflow-Ratio Time Series for Shell plc. Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and other Americas. It operates through Integrated Gas; Upstream; Marketing; Chemicals and Products; and Renewables and Energy Solutions segments. The company explores for and extracts natural gas to produce liquefied natural gas or convert into gas-to-liquids products; explores for and extracts crude oil and natural gas liquids; and operates upstream and midstream infrastructure to deliver gas to market. It is also involved in marketing supplies fuels and lubricants for transport, manufacturing, mining, power generation, agriculture, and construction industries; operates electric vehicle charging and convenience retail; turn crude oil and other feedstocks into products for households, industry, and transport; trades crude oil, oil products, and petrochemicals; and oil sand activities. In addition, the company generates, markets, and trades power from wind, solar and pipeline gas; hydrogen production and marketing; commercial carbon capture and storage hubs; carbon credits and nature-based solutions; and provides heavy-duty LNG-fuelled trucks. Further, it offers base chemicals, including ethylene, propylene, and aromatics, as well as intermediate chemicals, such as styrene monomer, propylene oxide, solvents, linear alpha olefins, detergent alcohols, ethylene oxide, ethylene glycol, and polyethylene. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1897 and is headquartered in London, the United Kingdom.

Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on December of 2025.

This report includes carbon market developments globally. There are four articles covered in detail: 1. Regional Greenhouse Gas Initiative – The Potential Solution for the US Carbon Market Rapid growth in economic activity has had a negative impact on the fragile ecosystem. Carbon emissions have impacted the environment and global warming is one of the key manifestations of this.. In order to prevent global warming by controlling carbon emissions, politicians across the globe are implementing various measures. The Regional Greenhouse Gas Initiative (RGGI) is one of the initiatives pioneered by the Northeastern and Mid-Atlantic states in the US. This initiative has yielded favorable results in terms of reducing the carbon emissions in the ratified states. The success of RGGI has also triggered the debate to replicate a similar scheme at the federal level. 2. New Zealand Climate Change Response Amendment of 2009 The New Zealand Emissions Trading Scheme (NZ ETS) was legislated in September 2008 under the Climate Change Response Act (2002). This law, amended in November 2009, became the first mandatory emissions trading scheme outside Europe. The liquidity in the New Zealand emissions market increased in June with the trading of around 1.5 million NZUs as companies responded to the inclusion of three new sectors in the trading scheme. Due to this, the supply is expected to increase in the second half of 2010. The fixed price of the emissions unit and limited supply initially would not create much market movement at first within the NZ ETS. It is expected that participants can prioritize buying the NZUs at a fixed price of NZ$25 from the government rather than buying spot permits presently being traded at around NZ$18– NZ$18.50. 3. Kyoto Carbon Market Balance: Demand and Supply Scenario, 2008–2012 The economic downturn in 2008 caused a decline in investments in the carbon sector. In addition, the two international climate change talks in Copenhagen and Bonn were not able to produce concrete results favoring the global carbon market. Against this backdrop, the players in this market have become much more conservative. Also, the recent delay of regional carbon bills across the globe has impacted the expected supplies of emission units in the trading market. Delays in the US’s and Japan’s carbon bills as well as Australia’s Carbon Pollution Reduction Scheme (CPRS) have resulted in uncertain market conditions, thereby impacting the decisions of Parties involved in the Kyoto Protocol. In this context, the demand-supply scenario of the Kyoto market suggests that the Kyoto projects pipeline could continue to shrink as investors are reluctant to make long-term investments due to the uncertain post-2012 scenario. 4. Moving Towards Zero – Sony’s Perspective Sony Corporation announced its “Road to Zero” global environmental plan. The plan includes a long-term goal of achieving a zero environmental footprint by 2050. The mid-targets will be implemented globally across the Sony Group beginning in the fiscal year 2011 (April 2011), and will extend through to the end of the fiscal year 2015 (March 2016), at which time new targets for the following five years will be set. Read More

Enterprise-Value-To-Sales-Ratio Time Series for Shell plc. Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and other Americas. It operates through Integrated Gas; Upstream; Marketing; Chemicals and Products; and Renewables and Energy Solutions segments. The company explores for and extracts natural gas to produce liquefied natural gas or convert into gas-to-liquids products; explores for and extracts crude oil and natural gas liquids; and operates upstream and midstream infrastructure to deliver gas to market. It is also involved in marketing supplies fuels and lubricants for transport, manufacturing, mining, power generation, agriculture, and construction industries; operates electric vehicle charging and convenience retail; turn crude oil and other feedstocks into products for households, industry, and transport; trades crude oil, oil products, and petrochemicals; and oil sand activities. In addition, the company generates, markets, and trades power from wind, solar and pipeline gas; hydrogen production and marketing; commercial carbon capture and storage hubs; carbon credits and nature-based solutions; and provides heavy-duty LNG-fuelled trucks. Further, it offers base chemicals, including ethylene, propylene, and aromatics, as well as intermediate chemicals, such as styrene monomer, propylene oxide, solvents, linear alpha olefins, detergent alcohols, ethylene oxide, ethylene glycol, and polyethylene. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1897 and is headquartered in London, the United Kingdom.

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Ethylene Market Size 2025-2029

The ethylene market size is forecast to increase by USD 63.3 billion at a CAGR of 6.5% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing demand for polyethylene products across various industries, including packaging, construction, and automotive. This trend is expected to continue as ethylene-derived plastics offer advantages such as durability, lightweight, and cost-effectiveness. However, market dynamics are influenced by the emergence of bio-ethylene, a sustainable alternative to traditional ethylene derived from fossil fuels. This shift towards renewable sources presents both opportunities and challenges for market participants.
On the one hand, bio-ethylene offers a more sustainable production process and potential cost savings through government incentives and carbon credits. On the other hand, the production of bio-ethylene is currently more expensive than traditional ethylene, and scaling up production remains a significant challenge. Additionally, volatility in raw material prices, particularly for natural gas and crude oil, continues to impact the market's profitability and strategic planning. Companies seeking to capitalize on market opportunities and navigate challenges effectively must stay informed of these trends and be agile in their business strategies.

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The market encompasses the production, trade, and application of ethylene, a colorless, flammable organic compound. Ethylene is a key petrochemical derivative and the primary building block for various ethylene-based derivatives, including polyethylene (PE), ethylene oxide, ethylene glycol, high-density polyethylene (HDPE), and low-density polyethylene (LDPE). These materials are widely used in various industries, including construction, flexible packaging, and the production of bio-based products, lightweight plastics, and market derivatives. The market size is substantial, driven by the increasing demand for ethylene-based derivatives in consumer goods, food, beverages, medications, and various industrial applications. The market's growth is influenced by factors such as the availability of shale oil output, which has led to increased ethylene production capacity.
Additionally, the shift towards sustainable and eco-friendly alternatives, such as bio-polyethylene, is gaining momentum due to growing concerns about carbon footprint and the need for improved barrier qualities in packaging materials. Overall, the market is expected to continue its strong growth trajectory, driven by the diverse applications and demand for ethylene-based derivatives in various industries.

How is this Ethylene Industry segmented?

The ethylene industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Feedstock

  Naphtha
  Ethane
  LPG
  Others


Application

  LDPE
  HDPE
  Ethylene oxide
  Vinyls
  Others


Packaging

  Automotive
  Building & Construction
  Agrochemical
  Textile
  Chemicals
  Others


Geography

  APAC

    China
    India
    Japan


  North America

    US
    Canada


  Middle East and Africa

    UAE


  Europe

    France
    Germany
    UK


  South America

    Brazil


  Rest of World (ROW)

By Feedstock Insights

The naphtha segment is estimated to witness significant growth during the forecast period. Ethylene is a colorless, flammable organic compound used extensively as a raw material in the production of various plastics and petrochemical derivatives. The largest source of ethylene is naphtha, which accounted for over half of the global ethylene production in 2024. However, the naphtha segment is expected to lose market share due to its energy-intensive production process, which results in significant carbon emissions. One kilogram of ethylene production emits approximately 1.8-2 kilograms of carbon dioxide. Europe and APAC are the leading regions in naphtha-based ethylene production. Ethylene is a key ingredient in the production of polyethylene, ethylene glycol, high-density polyethylene (HDPE), low-density polyethylene (LDPE), vinyl acetate, and various ethylene-based derivatives.

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The naphtha segment was valued at USD 56.00 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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