Ethylene, a colorless and flammable gas with a faint sweet and musky odor, is one of the most crucial petrochemicals used globally. It serves as a fundamental building block in the chemical industry and is pivotal for the production of various chemical products, including plastics, solvents, and fibers. As of recent years, the ethylene market has experienced robust growth due to increasing demand across multiple sectors, such as packaging, automotive, construction, and textiles.
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The Global Ethylene Market is projected to reach approximately USD 304.6 Billion by 2033, up from USD 177.7 Billion in 2023, with a compound annual growth rate (CAGR) of 5.6% during the period from 2023 to 2033.
