North America Bio-Based Ethylene Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Raw Material (Sugars, Starch, and Lignocellulosic Biomass) and End-User Industry (Packaging, Detergents, Lubricant, and Additives)
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
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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
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America bio-based ethylene market
- Efficiently plan M&A and partnership deals in North America bio-based ethylene market by identifying market segments with the most promising probable sales
- 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
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Bio-Based Ethylene Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 PEST Analysis: North American Bio-Based Ethylene Market
4.3 Expert Opinions
5. North America Bio-Based Ethylene Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Need to Decrease Dependency on Fossil Fuels
5.2 Restraints
5.2.1 High Cost of Entire Production Set-Up
5.2.2 Biomass Availability in Case of Full Roll-Out
5.3 Opportunities
5.3.1 Nascent Stage of Bio-Based Ethylene Market
5.4 Future Trends
5.4.1 Alternative Sources of Biomass
5.5 Impact Analysis of Drivers and Restraints
6. Bio-Based Ethylene– North America Market Analysis
6.1 North America Bio-Based Ethylene Market Overview
6.2 North America Bio-Based Ethylene Market Forecast and Analysis
7. North America Bio-Based Ethylene Market Analysis – By Raw Material
7.1 Overview
7.2 North America Bio-Based Ethylene Market, By Raw Material (2019 and 2028)
7.3 Sugars
7.3.1 Overview
7.3.2 Sugars: North America Bio-Based Ethylene Market – Revenue and Forecast to 2028 (USD Million)
7.4 Starch
7.4.1 Overview
7.4.2 Starch: North America Bio-Based Ethylene Market – Revenue and Forecast to 2028 (USD Million)
7.5 Lignocellulosic Biomass
7.5.1 Overview
7.5.2 Lignocellulosic Biomass: North America Bio-Based Ethylene Market – Revenue and Forecast to 2028 (USD Million)
8. North America Bio-Based Ethylene Market Analysis – By End-user industry
8.1 Overview
8.2 North America Bio-Based Ethylene Market, By End-user industry (2019 and 2028)
8.3 Packaging
8.3.1 Overview
8.3.2 Packaging: North America Bio-Based Ethylene Market – Revenue and Forecast to 2028 (USD Million)
8.4 Detergents
8.4.1 Overview
8.4.2 Detergents: North America Bio-Based Ethylene Market – Revenue and Forecast to 2028 (USD Million)
8.5 Lubricant
8.5.1 Overview
8.5.2 Lubricant: North America Bio-Based Ethylene Market – Revenue and Forecast to 2028 (USD Million)
8.6 Additives
8.6.1 Overview
8.6.2 Additives: North America Bio-Based Ethylene Market – Revenue and Forecast to 2028 (USD Million)
9. North America Bio-Based Ethylene Market– Country Analysis
9.1 Overview
9.1.1 North America: Bio-Based Ethylene Market –Revenue, and Forecast to 2028 (USD Million)
9.1.2 North America: Bio-Based Ethylene Market, by Key Country
9.1.2.1 US: Bio-Based Ethylene Market – Revenue, and Forecast to 2028 (USD Million)
9.1.2.1.1 US: Bio-Based Ethylene Market, by Raw Material
9.1.2.1.2 US: Bio-Based Ethylene Market, by End-user industry
9.1.2.2 Canada: Bio-Based Ethylene Market – Revenue, and Forecast to 2028 (USD Million)
9.1.2.2.1 Canada: Bio-Based Ethylene Market, by Raw Material
9.1.2.2.2 Canada: Bio-Based Ethylene Market, by End-user industry
9.1.2.3 Mexico: Bio-Based Ethylene Market – Revenue, and Forecast to 2028 (USD Million)
9.1.2.3.1 Mexico: Bio-Based Ethylene Market, by Raw Material
9.1.2.3.2 Mexico: Bio-Based Ethylene Market, by End-user industry
10. Impact of COVID-19 Pandemic on North America Bio-Based Ethylene Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. North America Bio-Based Ethylene Market -Industry Landscape
11.1 Overview
11.2 Strategy & Business Planning
11.3 Market Initiatives
12. Company Profiles
12.1 Braskem S.A.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 The Dow Chemical Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 LyondellBasell Industries Holdings B.V.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 SABIC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Oxy Low Carbon Ventures (OLCV)
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Enerkem
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Bio-Based Ethylene Market Revenue and Forecasts To 2028 (US$ Mn)
Table 2. US: Bio-Based Ethylene Market, by Raw Material –Revenue and Forecast to 2028 (USD Million)
Table 3. US: Bio-Based Ethylene Market, by End-user industry –Revenue and Forecast to 2028 (USD Million)
Table 4. Canada: Bio-Based Ethylene Market, by Raw Material –Revenue and Forecast to 2028 (USD Million)
Table 5. Canada: Bio-Based Ethylene Market, by End-user industry –Revenue and Forecast to 2028 (USD Million)
Table 6. Mexico: Bio-Based Ethylene Market, by Raw Material –Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico: Bio-Based Ethylene Market, by End-user industry –Revenue and Forecast to 2028 (USD Million)
Table 8. Glossary of Terms, Bio-Based Ethylene Market
LIST OF FIGURES
Figure 1. North America Bio-Based Ethylene Market Segmentation
Figure 2. North America Bio-Based Ethylene Market Segmentation – By Country
Figure 3. North America Bio-Based Ethylene Market Overview
Figure 4. Sugars Held Larger Share of North America Bio-Based Ethylene Market in 2019
Figure 5. North America Bio-Based Ethylene Market, by Country, Value and CAGR
Figure 6. PEST Analysis for North American Bio-Based Ethylene Market
Figure 7. North America Bio-based Ethylene Market Impact Analysis of Drivers and Restraints
Figure 8. North America Bio-Based Ethylene Market Forecast and Analysis, (US$ Mn)
Figure 9. North America Bio-Based Ethylene Market Revenue Share, By Raw Material (2019 and 2028)
Figure 10. Sugars: North America Bio-Based Ethylene Market – Revenue and Forecast To 2028 (USD Million)
Figure 11. Starch: North America Bio-Based Ethylene Market – Revenue and Forecast To 2028 (USD Million)
Figure 12. Lignocellulosic Biomass: North America Bio-Based Ethylene Market – Revenue and Forecast To 2028 (USD Million)
Figure 13. North America Bio-Based Ethylene Market Revenue Share, By End-user industry (2019 and 2028)
Figure 14. Packaging: North America Bio-Based Ethylene Market – Revenue and Forecast To 2028 (USD Million)
Figure 15. Detergents: North America Bio-Based Ethylene Market – Revenue and Forecast To 2028 (USD Million)
Figure 16. Lubricant: North America Bio-Based Ethylene Market – Revenue and Forecast To 2028 (USD Million)
Figure 17. Additives: North America Bio-Based Ethylene Market – Revenue and Forecast To 2028 (USD Million)
Figure 18. North America: Bio-Based Ethylene Market – Revenue by Country to 2028 (USD Million)
Figure 19. North America: Bio-Based Ethylene Market Revenue Share, by Key Country (2019 and 2028)
Figure 20. US: Bio-Based Ethylene Market – Revenue, and Forecast to 2028 (USD Million)
Figure 21. Canada: Bio-Based Ethylene Market – Revenue, and Forecast to 2028 (USD Million)
Figure 22. Mexico: Bio-Based Ethylene Market – Revenue, and Forecast to 2028 (USD Million)
Figure 23. Impact of COVID-19 Pandemic in North American Country Markets
- Braskem S.A
- Enerkem
- LyondellBasell Industries Holdings B.V.
- Oxy Low Carbon Ventures (OLCV)
- SABIC
- The Dow Chemical Company
- To understand the North America bio-based ethylene market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America bio-based ethylene market
- Efficiently plan M&A and partnership deals in North America bio-based ethylene market by identifying market segments with the most promising probable sales
- 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