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The total polyethylene industry was estimated to be worth $85.9 billion by the year 2022. During the projection period (2023 - 2030), the polyethylene market is expected to increase in value from USD 90.95951 Billion in 2023 to USD 143.7764 Billion, a CAGR of 6.89%. Key market drivers enabling global expansion include rapidly rising urbanisation and industrialization.
Polyethylene (PE) is widely used in the packaging and construction industries due to its useful qualities. In addition to saving money, this polymer makes the items lighter, more ductile, more chemically and electrically resistant, and more impact resistant. It is the most extensively used polymer and may be found in a wide variety of everyday items like grocery bags, food wraps, detergent bottles and petrol tanks for cars. Bags constructed with this polymer are produced by A-Pac Manufacturing Co., Inc., and BRAND wide-mouth bottles are manufactured by Merck KGaA. Market expansion is anticipated throughout the projected period on account of factors such as rising demand for bio-based polyurethane, expanding industrialization, and brisk expansion in the packaging sector.
The global polyethylene market is expected to expand at a high compound annual growth rate (CAGR) because of the growing demand for packaged goods and the changing preferences of customers. Market growth is anticipated to be supported by a number of factors, including easy accessibility and a relatively low PE. However, growing concerns about the environment and the health of consumers are projected to place major limits on the market. The introduction and development of bio-based and biodegradable polyethylene is expected to create new opportunities for market expansion throughout the forecast period. In addition, ensuring a steady supply of raw materials and long-term sustainability, polyethylene production employing feedstock supplied from unconventional sources including coal, shale gas, and bio-based materials.
One of the most useful polyolefin resins is polyethylene. It's the most widely produced plastic in the world, used for everything from grocery bags and transparent food wrap to liquid detergent containers and car petrol tanks. Plastic films, plastic containers, and plastic bags are all made from polyethylene, which comes in many various forms and can be readily remoulded into liquid to be used again. Although it has many practical applications, polyethylene is widely recognised as an environmental hazard. Growth in the polyethylene market is expected to be supported by a number of factors, including rising global population, favourable demand trends for products made with polyethylene, and supportive government policies and environmental concerns.
The purpose of this analysis is to investigate the expansion of the international polyethylene market recently and in the near future. The market analysis also deduces the reasons for the global market shifts. It accomplishes this by providing an assessment of the dynamics and trends that have been pervasive over the past several years and are expected to maintain a strong presence during the projection period. To give readers a comprehensive picture of the vendor landscape, the researchers considered Porter's five forces study. The paper also highlights the importance of mergers, agreements, acquisitions, and other collaborations. Several large corporations' inner workings are dissected, and data on their products, strategy, and shares in question are presented.
Numerous sectors, including automotive, electrical and electronics, food and beverage, and consumer goods, are experiencing rising demand for PE. Because of its sturdy construction, it finds widespread usage in industry, particularly as a container for auto and electrical components. Manufacturers in the auto industry regularly work to decrease vehicle weight in an effort to boost fuel economy. PE is favoured because of its low density, ease of processing, sealing capabilities, and rigidity.
The expansion of the industry is threatened by the presence of items that can serve as substitutes, such as polypropylene and Polyethylene Terephthalate (PET). These polymers are similar to PE in many ways, including their capacity to withstand impact and chemicals, to be flexible and moldable, and to be inexpensive, all of which are projected to slow the expansion of the market. Raw material price volatility may also impede market expansion because it affects the whole cost structure of the finished product.
Report Coverage
Global Polyethylene research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Polyethylene report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Polyethylene competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Polyethylene market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Polyethylene market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Polyethylene market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
China Petrochemical Corporation, Formosa Plastics Corporation, Petronas Chemicals Group, Mitsui Chemicals Inc., Exxon Mobil Corporation, LyondellBasell Industries NV, Sumitomo Chemical, SABIC, Ineos Group Holdings, Sasol Ltd., Chevron Philips chemical company
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Polyethylene market based on the below-mentioned segments:
Global Polyethylene Market, By Type
LDPE
MDPE
HDPE
Global Polyethylene market, By Technology
Films & Sheets Extrusion
Pipe Extrusion
Injection Molding
Blow Molding
Others
Global Polyethylene Market, By End User
Packaging
Construction
Automotive
Electronics
Household Application
Others
Global Polyethylene market, Regional Analysis
Polyethylene (PE) is widely used in the packaging and construction industries due to its useful qualities. In addition to saving money, this polymer makes the items lighter, more ductile, more chemically and electrically resistant, and more impact resistant. It is the most extensively used polymer and may be found in a wide variety of everyday items like grocery bags, food wraps, detergent bottles and petrol tanks for cars. Bags constructed with this polymer are produced by A-Pac Manufacturing Co., Inc., and BRAND wide-mouth bottles are manufactured by Merck KGaA. Market expansion is anticipated throughout the projected period on account of factors such as rising demand for bio-based polyurethane, expanding industrialization, and brisk expansion in the packaging sector.
The global polyethylene market is expected to expand at a high compound annual growth rate (CAGR) because of the growing demand for packaged goods and the changing preferences of customers. Market growth is anticipated to be supported by a number of factors, including easy accessibility and a relatively low PE. However, growing concerns about the environment and the health of consumers are projected to place major limits on the market. The introduction and development of bio-based and biodegradable polyethylene is expected to create new opportunities for market expansion throughout the forecast period. In addition, ensuring a steady supply of raw materials and long-term sustainability, polyethylene production employing feedstock supplied from unconventional sources including coal, shale gas, and bio-based materials.
One of the most useful polyolefin resins is polyethylene. It's the most widely produced plastic in the world, used for everything from grocery bags and transparent food wrap to liquid detergent containers and car petrol tanks. Plastic films, plastic containers, and plastic bags are all made from polyethylene, which comes in many various forms and can be readily remoulded into liquid to be used again. Although it has many practical applications, polyethylene is widely recognised as an environmental hazard. Growth in the polyethylene market is expected to be supported by a number of factors, including rising global population, favourable demand trends for products made with polyethylene, and supportive government policies and environmental concerns.
The purpose of this analysis is to investigate the expansion of the international polyethylene market recently and in the near future. The market analysis also deduces the reasons for the global market shifts. It accomplishes this by providing an assessment of the dynamics and trends that have been pervasive over the past several years and are expected to maintain a strong presence during the projection period. To give readers a comprehensive picture of the vendor landscape, the researchers considered Porter's five forces study. The paper also highlights the importance of mergers, agreements, acquisitions, and other collaborations. Several large corporations' inner workings are dissected, and data on their products, strategy, and shares in question are presented.
Numerous sectors, including automotive, electrical and electronics, food and beverage, and consumer goods, are experiencing rising demand for PE. Because of its sturdy construction, it finds widespread usage in industry, particularly as a container for auto and electrical components. Manufacturers in the auto industry regularly work to decrease vehicle weight in an effort to boost fuel economy. PE is favoured because of its low density, ease of processing, sealing capabilities, and rigidity.
The expansion of the industry is threatened by the presence of items that can serve as substitutes, such as polypropylene and Polyethylene Terephthalate (PET). These polymers are similar to PE in many ways, including their capacity to withstand impact and chemicals, to be flexible and moldable, and to be inexpensive, all of which are projected to slow the expansion of the market. Raw material price volatility may also impede market expansion because it affects the whole cost structure of the finished product.
Report Coverage
Global Polyethylene research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Polyethylene report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Polyethylene competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Polyethylene market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | China Petrochemical Corporation, Formosa Plastics Corporation, Petronas Chemicals Group, Mitsui Chemicals Inc., Exxon Mobil Corporation, LyondellBasell Industries NV, Sumitomo Chemical, SABIC, Ineos Group Holdings, Sasol Ltd., Chevron Philips chemical company |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Polyethylene Market from 2021 to 2030.
- Market Forecast for Polyethylene Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Polyethylene competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Polyethylene
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Polyethylene market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Polyethylene market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
China Petrochemical Corporation, Formosa Plastics Corporation, Petronas Chemicals Group, Mitsui Chemicals Inc., Exxon Mobil Corporation, LyondellBasell Industries NV, Sumitomo Chemical, SABIC, Ineos Group Holdings, Sasol Ltd., Chevron Philips chemical company
Primary Target Market
- Market Players of Polyethylene
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Polyethylene market based on the below-mentioned segments:
Global Polyethylene Market, By Type
LDPE
MDPE
HDPE
Global Polyethylene market, By Technology
Films & Sheets Extrusion
Pipe Extrusion
Injection Molding
Blow Molding
Others
Global Polyethylene Market, By End User
Packaging
Construction
Automotive
Electronics
Household Application
Others
Global Polyethylene market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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