The Ethylene And Propylene Market, estimated at USD 4,32,033.2 Mn in 2025, is expected to exhibit a CAGR of 6.21% and reach USD 6,58,680.8 Mn by 2032.
The industry is witnessing significant growth driven by increasing demand for advanced, reliable, and cost-effective solutions across key application areas. Rapid technological developments, shifting market dynamics, and heightened focus on quality and efficiency are shaping the competitive landscape. Furthermore, sustainability initiatives, regulatory support, and ongoing investments in research and innovation are expected to open new avenues for market players.
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Browse 50 market data tables* and 40 figures* on "Ethylene & Propylene Market” - Global forecast to 2032.
Key Takeaways of the Market:
- Among applications, the chemicals and petrochemicals segment is expected to witness major growth over the forecast period. Ethylene & propylene is used for production of derivatives such as monoethylene glycol, diethylene glycol, triethylene glycol, ethanolamine, ethoxylates, polyethylene glycol, glycol ethers, and polyether polyols. According to Federation of Indian Chambers of Commerce & Industry (FICCI), in 2014, polypropylene and polyethylene, derivatives of propylene & ethylene accounted for around 62% of polymer used in the flexible packaging industry in India.
- Moreover, Propylene has application in paints and coatings. Propylene glycol is a derivative of propylene, which is utilized in water-based acrylic architectural paints to extend dry time. It prevents the surface from drying due to its slower evaporation rate compared to water. The expanding paint & coating industry is expected to facilitate growth of the ethylene and propylene market over the forecast period. According to World Paints & Coatings Industry Association, in 2025, the global paints & coatings market increased by 4.9% to US$164.98 billion.
- Despite lower market share, the Middle East and Africa region is expected to exhibit strong growth during the forecast period. The construction industry in the Middle East is growing due to increasing number of construction projects such as the US$ 147 billion King Abdullah Economic project in Saudi Arabia, US$ 45 billion Lusail development in Qatar for FIFA 2025, and US$ 20 billion Duqm New Town Project in Oman, which are propelling demand for polyethylene in this region. In Africa, Sasol, a chemical and energy company, commissioned its polypropylene expansion project in Southern Africa, in November 2016. This project has increased the company’s polypropylene production capacity by 103,000 tons per annum in South Africa.
- The key players in the market are adopting inorganic business strategies such as capacity expansions in order to strengthen their foothold in the global market. For instance, in 2015, Royal Dutch Shell Plc. upgraded its Singapore Ethylene Cracker Complex (ECC) to a capacity of 800,000 tons. This has boosted the company’s production capacity of ethylene to one million tons a year, and reduced ECC’s per unit energy consumption by about 7%, and CO2 emissions by 11%.
- Major players operating in the ethylene & propylene market include Exxon Mobil Corporation, Saudi Basic Industries Corporation, Royal Dutch Shell Plc, China Petroleum & Chemical Corporation, Chevron Phillips Chemical Company LLC, Total S.A., LyondellBasell Industries N.V., National Petrochemical Company, INEOS Group and Dow Inc. among others.
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