Bio-Based Ethylene Market Size, Share, Trends, Growth 2030

The global bio-based ethylene market size was worth around USD 590.88 million in 2022 and is predicted to grow to around USD 1,003.91 million by 2030 with a compound annual growth rate (CAGR) of roughly 6.85% between 2023 and 2030.

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Global Bio-Based Ethylene Market: Overview

Ethylene is among the basic organic chemicals which serve as a feedstock for several downstream chemical products. By far in terms of volume, ethylene is the largest bulk chemical that is been used for the production of approximately half of the plastics. Ethylene is mostly produced from petroleum derivatives but with the use of biomass as an alternative feedstock for bio-ethylene production. As bio-based ethylene is chemically identical to ethylene, it can be used for the production of downstream products or plastic.

Global Bio-Based Ethylene Market: Growth Factors

The global bio-based ethylene market is growing at a significant rate. An increase in demand for renewable resources, the growing concern of environmental issues due to carbon emission, and the rise in the cost of petroleum-based products are some of the primary factors that are majorly contributing to the growth of the global bio-based ethylene market. Bio-based ethylene that is been produced from bio-ethanol minimizes greenhouse gas lifetime emission as compared to the petrochemical equivalent and also reduces the dependence of the chemical industry on fossil fuels.

In most countries such as Brazil, bio-based ethanol is used for transportation purposes. Other countries are also adopting bio-ethanol as a transportation fuel. In addition to this, bio-based ethylene can be used as a raw material for the production of chemical products such as polyethylene and few other polymers. Bio-based ethylene can be produced from a wide range of biomass such as lignocellulose, starch, and sugars which are easily available and on large scale. Thus, all these factors coupled with the growing demand for biodegradable products and the growing initiative of the government towards the use of ecofriendly products are boosting the growth of the global market.

Moreover, the huge investment by the manufacturers in R&D activities and their growing preference for the production of bio-based ethylene are also some of the factors that are driving the growth of the market. Furthermore, advancements in the technologies supporting the production of bio-based ethylene may open numerous opportunities for the growth of the global bio-based ethylene market over the forecast period. However, the presence of several barriers to the use of bio-ethylene may limit the growth of the global bio-based ethylene market.

The outbreak of Covid-19 has a multifaceted effect on the global bio-based ethylene market. The implementation of lockdown, stay-at-home orders, and constraint on movement enforced the manufacturers of bio-based ethylene to temporarily halt all their operations. Also, the unavailability of biomass is been registered due to disruption in the supply chain. Moreover, the demand for bio-based ethylene also decreased from its end-users as it has wide applications as additives, lubricants, detergents, and many more. Thus, the decline in sales and production hampered the growth of the market in the pandemic situation.

Bio-Based Ethylene Market : Report Scope

Global Bio-Based Ethylene Market: Segmentation

The global bio-based ethylene market is segregated based on raw material, sales channel, application, and region. Based on the raw material, the global bio-based ethylene market is categorized into lignocellulosic biomass, starch, and sugars. The sales channel segment is split into distributor/manufacturer and aftermarket. Based on the application, the global market is classified into additives, detergents, packaging, and lubricants.

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Global Bio-Based Ethylene Market: Regional Analysis

Regionally, North America is expected to lead the global bio-based ethylene market over the forecast period. Strict environmental regulations, advancement in technologies, and huge investment to support the production of bio-based ethylene. Europe is the second-largest market and is expected to contribute to a significant share in the market growth. This is attributed to the shift in focus of the industries towards the production of bio-based ethylene and favorable government initiatives for the use of bio-based products, and the growing demand for renewable resources. On the other hand, the market in Asia Pacific is estimated to be the fastest growing with the highest CAGR due to the easy availability of biomass, rising prices of petroleum-based products, and growing initiatives to lower greenhouse emissions. However, the market in Brazil is anticipated to be at maturity as bio-based ethylene is largely produced in this country.

Global Bio-Based Ethylene Market: Competitive Players

The global bio-based ethylene market is led by players like:

• Alberta
• The Dow Chemical Company
• Cargill
• Atol

The global bio-based ethylene market is segmented as follows:

By Raw Material

• Lignocellulosic Biomass
• Starch
• Sugars

By Sales Channel

• Distributor/Manufacturer
• Aftermarket

By Application

• Additives
• Detergents
• Packaging
• Lubricants

Global Bio-Based Ethylene Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.