Ethylene Market Outlook:
Ethylene Market size was USD 205.2 billion in 2025 and is estimated to reach USD 374.05 billion by the end of 2036, expanding at a CAGR of 5.8% during the forecast timeline, i.e., 2026-2036. In 2026, the industry size of ethylene is evaluated at 212.5 billion.
The global market is experiencing rapid expansion due to increasing demand for sustainable materials among consumers and corporate targets related to decarbonization. Due to this, companies in the market are focused on bio-based production. In April 2024, BlackRock and Temasek finalized a funding of USD 1.4 billion to fuel investments in technology companies involved in driving decarbonization outcomes, including bio-based production. This shift to bio-based production provides companies with the opportunity to produce bio-based ethylene using feedstocks such as sugarcane and corn, which can make the market more sustainable and foster its growth.
Technological advancements, such as the development of catalytic cracking and steam cracking technologies, also drive the growth of the global market. For instance, in March 2023, Linde collaborated with Coolbrook for the electrification and decarbonization of steam crackers with the use of RotoDynamic Reactor technology. The use of the RotoDynamic Reaction technology can replace the cracker furnaces that are fuel-based in the production of ethylene. The electrification and decarbonization of steam crackers provide the opportunity to make the process of ethylene production more efficient and reduce carbon emissions in the enhancement of the same.
