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In 2022, the polyethylene market was estimated to be worth $85 billion and fifteen cents. There will be a 6.89% CAGR in the Polyethylene market from 2023 to 2030, taking the market size from USD 90.95959 Billion in 2023 to USD 143.7769 Billion in 2030. Key market drivers enabling market expansion include rapidly rising urbanization and industrialisation.
Polyethylene (PE) is widely used in fields like packaging and building because of its useful characteristics. Lighter weight, higher ductility, good electrical treeing resistance, better chemical resistance, and higher impact strength for the products are only few of the benefits of this polymer. Food wraps, shopping bags, detergent bottles, and gas tanks for cars are just some of the many common uses. 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 to accelerate in the next years on account of factors such as increasing industrialisation and a flourishing packaging sector.
Plastic's numerous uses span industries as diverse as building and transportation due to the material's low cost, water resilience, and ease of manufacture. The increasing need for plastic packaging solutions to secure a wide range of products is also contributing to the market's revenue growth. Polyethylene is in high demand, not just in the construction sector, but in other industries as well. Polyethylene's strong tensile strength and stiffness are consistently driving demand in construction and infrastructure applications.
Polyethylene, the most commonly used plastic, is ubiquitous in our daily lives, appearing in applications as diverse as detergent bottles, fuel tanks, and the see-through packaging of food and grocery items. In addition, it can be shaped like rubber, sliced into threads, and spun into synthetic fibers. The need for food and drink to be protected from their internal and external environments has increased the demand for packaging solutions with high moisture resistance. Manufacturers' efforts to discover more effective packaging materials and solutions to reduce quality loss and food contamination risks are expected to drive future revenue growth in the market.
As production in sectors including automotive, electrical & electronics, and consumer goods slowed during the COVID-19 epidemic, so too was the availability of polyethylene. As demand dropped and supply increased, crude oil prices dropped. The resulting price drops stunted the market's expansion. The rate of operations slowed further as production dropped across industries as lockdown restrictions tightened around the world. The healthcare and packaging sectors, however, saw significant increases in demand for PE. Polyethylene market growth was fueled by rising demand for single-use plastic goods, sampling containers, saline bottles, PPE, and curtains.
Manufacturers use PE for packaging applications due to the material's durability, adaptability, and resistance to moisture. Polythene's low cost makes it a practical packaging material. This polymer is ideal since it is easily recyclable, is resistant to chemicals, and may provide protection for whatever is inside. Because of these characteristics, it is experiencing a surge in interest from the food and beverage as well as consumer products sectors.
Report Coverage
Global Polyethylene (PE) research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Polyethylene (PE) report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Polyethylene (PE) 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 (PE) 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 (PE) market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Polyethylene (PE) 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
DuPont (U.S.), B.P. p.l.c (U.K.), TotalEnergies (France), Hanwha Group (South Korea), Ducor Petrochemicals (Netherlands), Borealis AG (Austria), MOL GROUP (Hungary), Reliance Industries Limited (India), Borouge (UAE), china petrochemical corporation (China), Formosa plastics corporation (Taiwan), Petronas chemicals group Berhad (Malaysia), Mitsui chemicals inc. (Japan), Exxon Mobil Corporation (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), Sumitomo chemical co. ltd (Japan), SABIC (Saudi Arabia), INEOS (U.K.), Sasol (South Africa), Chevron Phillips chemical company LLC (U.S.)
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 (PE) market based on the below-mentioned segments:
Global Polyethylene (PE) Market, By Type
LDPE
MDPE
HDPE
Global Polyethylene (PE) market, By Technology
Films & Sheets Extrusion
Pipe Extrusion
Injection Molding
Blow Molding
Others
Global Polyethylene (PE) Market, By End User
Packaging
Construction
Automotive
Electronics
Household Application
Others
Global Polyethylene (PE) market, Regional Analysis
Polyethylene (PE) is widely used in fields like packaging and building because of its useful characteristics. Lighter weight, higher ductility, good electrical treeing resistance, better chemical resistance, and higher impact strength for the products are only few of the benefits of this polymer. Food wraps, shopping bags, detergent bottles, and gas tanks for cars are just some of the many common uses. 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 to accelerate in the next years on account of factors such as increasing industrialisation and a flourishing packaging sector.
Plastic's numerous uses span industries as diverse as building and transportation due to the material's low cost, water resilience, and ease of manufacture. The increasing need for plastic packaging solutions to secure a wide range of products is also contributing to the market's revenue growth. Polyethylene is in high demand, not just in the construction sector, but in other industries as well. Polyethylene's strong tensile strength and stiffness are consistently driving demand in construction and infrastructure applications.
Polyethylene, the most commonly used plastic, is ubiquitous in our daily lives, appearing in applications as diverse as detergent bottles, fuel tanks, and the see-through packaging of food and grocery items. In addition, it can be shaped like rubber, sliced into threads, and spun into synthetic fibers. The need for food and drink to be protected from their internal and external environments has increased the demand for packaging solutions with high moisture resistance. Manufacturers' efforts to discover more effective packaging materials and solutions to reduce quality loss and food contamination risks are expected to drive future revenue growth in the market.
As production in sectors including automotive, electrical & electronics, and consumer goods slowed during the COVID-19 epidemic, so too was the availability of polyethylene. As demand dropped and supply increased, crude oil prices dropped. The resulting price drops stunted the market's expansion. The rate of operations slowed further as production dropped across industries as lockdown restrictions tightened around the world. The healthcare and packaging sectors, however, saw significant increases in demand for PE. Polyethylene market growth was fueled by rising demand for single-use plastic goods, sampling containers, saline bottles, PPE, and curtains.
Manufacturers use PE for packaging applications due to the material's durability, adaptability, and resistance to moisture. Polythene's low cost makes it a practical packaging material. This polymer is ideal since it is easily recyclable, is resistant to chemicals, and may provide protection for whatever is inside. Because of these characteristics, it is experiencing a surge in interest from the food and beverage as well as consumer products sectors.
Report Coverage
Global Polyethylene (PE) research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Polyethylene (PE) report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Polyethylene (PE) 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 (PE) 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 | DuPont (U.S.), B.P. p.l.c (U.K.), TotalEnergies (France), Hanwha Group (South Korea), Ducor Petrochemicals (Netherlands), Borealis AG (Austria), MOL GROUP (Hungary), Reliance Industries Limited (India), Borouge (UAE), china petrochemical corporation (China), Formosa plastics corporation (Taiwan), Petronas chemicals group Berhad (Malaysia), Mitsui chemicals inc. (Japan), Exxon Mobil Corporation (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), Sumitomo chemical co. ltd (Japan), SABIC (Saudi Arabia), INEOS (U.K.), Sasol (South Africa), Chevron Phillips chemical company LLC (U.S.) |
| 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 (PE) Market from 2021 to 2030.
- Market Forecast for Polyethylene (PE) 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 (PE) competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Polyethylene (PE)
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Polyethylene (PE) market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Polyethylene (PE) 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
DuPont (U.S.), B.P. p.l.c (U.K.), TotalEnergies (France), Hanwha Group (South Korea), Ducor Petrochemicals (Netherlands), Borealis AG (Austria), MOL GROUP (Hungary), Reliance Industries Limited (India), Borouge (UAE), china petrochemical corporation (China), Formosa plastics corporation (Taiwan), Petronas chemicals group Berhad (Malaysia), Mitsui chemicals inc. (Japan), Exxon Mobil Corporation (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), Sumitomo chemical co. ltd (Japan), SABIC (Saudi Arabia), INEOS (U.K.), Sasol (South Africa), Chevron Phillips chemical company LLC (U.S.)
Primary Target Market
- Market Players of Polyethylene (PE)
- 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 (PE) market based on the below-mentioned segments:
Global Polyethylene (PE) Market, By Type
LDPE
MDPE
HDPE
Global Polyethylene (PE) market, By Technology
Films & Sheets Extrusion
Pipe Extrusion
Injection Molding
Blow Molding
Others
Global Polyethylene (PE) Market, By End User
Packaging
Construction
Automotive
Electronics
Household Application
Others
Global Polyethylene (PE) 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
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