North America Bio-Based Ethylene Market

Market Introduction

The North American region comprises developed and developing countries, including the US, Canada, and Mexico. North America is anticipated to account for a remarkable share of the bio-based ethylene market during the forecast period owing to the wider application of this material in packaging and plastic production industries located in this region. Bio-ethylene is manufactured from bio-based materials, including starch, sugars, and lignocellulosic biomass. As similar to the traditional ethylene, bio-ethylene also can be utilized as a raw material for a several organic chemicals and plastics. Bioethanol is primarily utilized as a blend in transportation fuel, and it is further gaining importance in the automotive industry in this region, which is further influencing the market growth. Also, presence of the key players such as The Dow Chemical Company, Oxy Low Carbon Ventures (OCLV), Enerkem, and others in North America are further influencing the market growth with their heavy contribution. Compared to the petrochemical equivalent, the foremost advantages of using bio ethylene are that it can diminish greenhouse gas lifetime emissions from production & use and can reduce the dependence of the chemical industries on fossil fuels. And the people living in North America region and even the industry players are nowadays quite concern towards diminishing the greenhouse gas emission, hence adopting the bio ethylene as an alternative to petrochemical products. This is further bringing a positive outlook for the bio ethylene market in this region. In addition, the US is highly contributing to the ethanol as well as bio-ethanol production, which is the key material for bio ethylene. Corn starch, wheat starch, and sugarcane are the most important feedstock for production of bioethanol and these raw materials are easily available in the American market. In addition, since the US is the major contributor in corn-based bio ethylene, manufacturers of this materials will further observe immense growth in bio-based ethylene market. In addition, strict environment guidelines by authorities such as FDA and EPA pertaining to petrochemical products’ biodegradability has enhanced industry focus about bio-based alternatives. All these factors are supporting the growth of the studied market in this region.

The US has the highest number of confirmed cases of COVID-19, as, compared to Mexico and Canada. This is likely to impact the chemicals & materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth

Market Overview and Dynamics

The bio-based ethylene market in North America is expected to grow from US$ 110.34 million in 2020 to US$ 188.20 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2020 to 2028.Alternative sources of biomass, bioethanol being the only major raw material used in the production of bio-based ethylene is likely to create immense pressure on the existing biomass sources such as sugarcane, corn-starch, maize, wheat, and others. Ethanol is also widely consumed as a biofuel, which further necessitates the need to find newer and cost-efficient alternatives to produce ethanol. Companies such as Oxy Low Carbon Ventures and Enerkem, are conducting research and developments to manufacture bioethanol, and ethylene from carbon dioxide and municipal solid wastes. The future may see a surge in technological breakthrough to develop efficient processes to effectively convert forestry and lignocellulosic residues into fermentable sugars. This is bolstering the growth of the bio-based ethylene market.

Key Market Segments

In terms of raw material type, the sugars segment accounted for the largest share of the North America bio-based ethylene market in 2019. In terms of end-user industry type, the packaging segment held a larger market share of the bio-based ethylene market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the bio-based ethylene market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Braskem S.A; The Dow Chemical Company; LyondellBasell Industries Holdings B.V.; SABIC; Oxy Low Carbon Ventures (OLCV); and Enerkem.

Reasons to buy report

• To understand the North America bio-based ethylene market landscape and identify market segments that are most likely to guarantee a strong return
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America bio-based ethylene market
• Obtain market revenue forecast for market by various segments from 2020-2028 in North America region.

NORTH AMERICA BIO-BASED ETHYLENE MARKET SEGMENTATION

North America Bio-Based Ethylene Market – By Raw Material

• Sugars
• Starch
• Lignocellulosic Biomass

North America Bio-Based Ethylene Market – By End-user Industry

• Packaging
• Detergent
• Lubricant
• Additive

North America Bio-Based Ethylene Market, by Country

• US
• Canada
• Mexico

North America Bio-Based Ethylene Market-Companies Mentioned

• Braskem S.A
• Enerkem
• LyondellBasell Industries Holdings B.V.
• Oxy Low Carbon Ventures (OLCV)
• SABIC
• The Dow Chemical Company

North America Bio-Based Ethylene Market Strategic Insights

North America Bio-Based Ethylene Market Segmentation Analysis

North America Bio-Based Ethylene Market Report Highlights

North America Bio-Based Ethylene Report Scope

North America Bio-Based Ethylene Market Country and Regional Insights