Ethylene Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#ethylene–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Ethylene
Market Procurement Research Report.’ The insights and data in
this report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices, pricing
models, supplier landscape, and an analysis of the supplier capability
matrix for the chemicals
industry. This report breaks down the data and analysis behind
the procurement of ethylene and acts as an all-inclusive guide for
making smart purchasing decisions.

“Growing consumption of ethylene-based derivatives by end-use markets
such as packaging, textiles, transportation, and construction drives the
global demand for ethylene,” says SpendEdge procurement analyst Anil
Seth. “Also, the cheap availability of feedstocks in the form of NGLs
for the manufacture of ethylene is driving additions in production
capacities by suppliers in North America and the Middle East,” added
Anil.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Ethylene
Market:

• Ethylene production from coal and methanol
• R&D of new technologies to produce ethylene
• The ever-growing demand for plastics driving demand for ethylene

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Ethylene production from coal and methanol:

The traditional method of steam cracking is the commonly used method for
manufacturing ethylene. A new technology called CTO is now increasingly
gaining prominence in China, it uses coal as the feedstock to produce
ethylene. Moreover, CTO technology converts coal to methanol and uses
the same to produce ethylene through MTO technology. The use of new
technologies such as CTO and MTO to produce ethylene will help in the
diversification of the feedstock base used in the manufacture of
ethylene, thereby offering protection against feedstock price
fluctuations.

R&D of new technologies to produce ethylene:

Industry players and research institutions are patenting new methods for
producing ethylene. The traditional method of steam cracking, which is
also the most commonly used method, has various disadvantages including
the need for high volumes of heat energy. Therefore, development of new
technologies will help reduce the heat requirement for ethylene
production process, which in turn will reduce the energy requirement for
ethylene production, leading to a reduction in cost.

The ever-growing demand for plastics driving demand for ethylene:

The growth of the packaging and construction industries across the globe
have increased the demand for plastics such as polyethylene. This can be
attributed to the rise in personal incomes and increase in the
middle-class consumer population. Additionally, the growth in demand for
plastics is motivating suppliers to improve their ethylene production
capacity, as a result of which the buyers will have the benefit of
better bargaining power over their suppliers.

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for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Anirban Choudhury
Marketing Consultant
US: +1
630 984 7340
[email protected]