In 2023, the India Ethylene Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.4% until 2030, reflecting a steady increase in market size and value.
The Polyethylene (PE) industry dominates the India Ethylene Market, holding a substantial market share of around 83% in 2023. This sector is a key driver of the market’s dynamics.
Ethylene (C2H4) is used industrially as a raw material in producing polyethylene, a common plastic, and is a precursor for chemicals like ethylene oxide, PVC, and styrene. In plant biology, ethylene acts as a hormone, influencing fruit ripening, flower opening, and leaf shedding due to its unique gaseous nature.
Despite its growth potential, the India Ethylene Market encounters several challenges, including limited domestic feedstock availability, regulatory approval delays, and a shortage of skilled professionals in research and development. These factors pose significant hurdles to India’s emergence as a key player in the global chemical industry.