Ethylene and Propylene Market is shaped by increasing demand from Construction and Packaging Industries
Ethylene and Propylene Market Ethylene and propylene are important petrochemical building blocks used in the production of essential plastics, resins, and fibers. Ethylene is a gaseous hydrocarbon predominantly used in the production of polyethylene, ethylene glycol, ethylene oxide, and ethanol. Propylene is a colorless gas utilized primarily in the production of polypropylene, propylene oxide, and acrylonitrile. The construction and packaging industries have seen substantial growth over the past few years, driving greater demand for plastics and derivatives of ethylene and propylene. The rising use of plastic products in infrastructure projects and goods packaging is fueling consumption in these industries. Several properties of plastic including versatility, durability, and low cost have further increased its popularity as a construction and packaging material. The Global ethylene and propylene market is expected to expand rapidly with continued investment in plastic-intensive sector...