Why did the Ethylene Price Change in July 2025? While the Ethylene Price Index (FOB US Gulf) declined in April, prices likely benefited from some stronger domestic fundamental support and rising feedstock costs in May–June, with a Q2 2023 close up 15.5% at USD 468/MT.

Get the latest insights on price movement and trend analysis of Ethylene Oxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Snapshot img

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.

What will be the Size of the Ethylene Market during the forecast period?

Request Free Sample

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.

Get a glance at the market report of share of various segments Request Free Sample

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.

For more insights on the market size of various regions, R

Between January 2020 and October 2024, there were variations in the monthly cost of ethylene across the globe. The lowest price was observed in May 2020, averaging at a mere *** U.S. dollars per metric ton. In contrast, the highest price occurred in April 2022, reaching ***** U.S. dollars per metric ton.

Get the latest insights on price movement and trend analysis of Green Ethylene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Explore the volatility and influencing factors in the price history of ethylene, a key petrochemical. Learn how crude oil prices, supply chain dynamics, and geopolitical events impact this essential industry's market trends.

The average price of ethylene worldwide amounted to some *** U.S. dollars per metric ton in 2023. The global production capacity of ethylene reached approximately ****** million tons in 2022. Petrochemical products Ethylene is the most commonly used petrochemical globally. A major part of its production is used to produce polyethylene, a common plastic material that accounts for roughly ** percent of global thermoplastic production. Other ethylene-derived products include ethylene glycol, ethylene dichloride, and styrene. Apart from ethylene, other widely produced petrochemicals are propylene, methanol, and paraxylene. Together they account for over ** percent of the global upstream petrochemical capacity. Petrochemical prices Petrochemical prices are highly dependent on the price of oil and related products. Feedstock costs represent the largest share of petrochemical production costs, ahead of fixed costs, power, and transportation. As with oil prices, the price of petrochemical products fell sharply during 2020, following the outbreak of the COVID-19 pandemic. That year, petrochemicals such as ethylene, propylene, or benzene registered the lowest price in recent years, although they picked up shortly after.

Ethylene polymer prices reached $917/MT in Dec 2024. Discover 2025 forecasts, trends, and supply insights from Expert Market Research.

In Q1 2025, the North American ethylene oxide market experienced a dynamic shift, beginning with a phase of stability in January. Early in the quarter, steady feedstock availability and balanced supply-demand conditions supported consistent production levels. Key downstream sectors such as automotive, textiles, and detergents maintained stable demand, while interest in mono ethylene glycol (MEG) and polytetramethylene ether glycol (PTMEG) provided mild upward momentum.

Graph and download economic data for Export Price Index (Harmonized System): Polymers of Ethylene, in Primary Forms (ID3901) from Jan 2025 to Jun 2025 about primary, harmonized, exports, price index, indexes, price, and USA.

The global ethylene market size was $166,520 Mn in 2019 and is projected to reach $245,005 Mn by 2027, exhibiting a CAGR of 5.6%.

The U.S. ethylene market totaled $15.1B in 2024, growing by 2.5% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $16.8B. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.

The ASEAN ethylene market stood at $10.1B in 2024, surging by 6% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $10.6B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Ethylene market by end use (polyethylene (pe), ethylene oxide, ethylene dichloride (edc) & others). As per TechSci Research, Ethylene market is expected to grow at a CAGR of around 11.26% during 2025.

United States - Export Price Index (Harmonized System): Polymers of Ethylene, in Primary Forms was 98.90000 Index 2000=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Export Price Index (Harmonized System): Polymers of Ethylene, in Primary Forms reached a record high of 408.50000 in April of 2021 and a record low of 62.40000 in March of 1994. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Export Price Index (Harmonized System): Polymers of Ethylene, in Primary Forms - last updated from the United States Federal Reserve on July of 2025.

In 2024, the Iranian ethylene market increased by 1.6% to $1.8B, rising for the third year in a row after four years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Ethylene consumption peaked at $2B in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

The global ethylene market size was valued at USD 174.96 Billion in 2021, Key factors are Rising demand for packaged goods due to changing lifestyle of consumers

Global ethylene market size is expected at $117.93 Bn by 2027 at a growth rate of 2.8% Growth And Demand By The Business Research Company.

The ethylene dichloride prices in the United States for Q4 2023 reached 250 USD/MT in December. The market was under pressure due to high stockpiles and weak demand, particularly from the PVC sector. Destocking activities and an unpredictable export prospects further strained market conditions, leading to decreased purchasing sentiments and a challenging pricing environment.

Ethylene Dichloride Prices December 2023

Explore IMARC’s newly published report, titled “Ethylene Dichloride Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of ethylene dichloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Get the latest insights on price movement and trend analysis of Ethylene Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).