Ethylene Market Size

Ethylene Market size was valued at USD 147.49 billion in 2024 and is expected to cross USD 325.35 billion by the end of 2037, expanding at more than 6.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ethylene is estimated at USD 154.92 billion.

The rising automobile industry is one of the main factors estimated to propel the market expansion over the forecast period. Ethylene is frequently used in the production of wires and cables, electrical insulation, gasoline tanks, and automobile exteriors, among other things. It was noticed that in 2021, India sold around 4 million passenger and commercial vehicles, on the other hand, around 5 million commercial vehicles and about 22 million passenger cars were sold in China in the same year.

Moreover, the demand for ethylene and associated materials in construction activities is also rising as a result of increasing investment in the building and infrastructure sectors, backed by the growing urbanization across the world which is anticipated to positively impact the market growth for ethylene throughout the forecast period. According to Invest India, by 2030, the Indian real estate market is predicted to be worth USD 1 trillion and contribute 13% of the country's GDP. In India, where urbanization is expected to increase from 33% to over 40% of the population by 2030.