Global Polyethylene Market: In-depth Analysis by Top Key Players, Regional Outlook, Latest Trend and Forecast to 2030
Research Reports
May 25, 2022
Global Polyethylene Market Overview
The soaring demand from packaging and construction for polyethylene is estimated to transform the polyethylene market. The polymer & plastic industry reports are produced by Market Research Future, highlighting market options for expansion. Polyethylene Market is projected to be worth USD 135.87 billion by 2030, registering a CAGR of 5.89% during the forecast period (2022 – 2030). The market was valued at USD 112.15 billion in 2021. Polyethylene, also known as polythene, is a thermoplastic polymer that is made through a polymerization process that involves a series of polymer additions.
Polyethylene demand is increasing due to growth in end-use areas such as pharmaceuticals and consumer goods, which is fueling polyethylene market demand. Food and beverage packaging is in a growing market, which is having a significant impact on the market’s growth. Polyethylene has a moisture-free property that is useful in a variety of applications, so demand is growing.
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Polyethylene Market: Prominent Players
china petrochemical corporation (china),Formosa plastics corporation (Taiwan),Petronas chemicals group Berhad (Malaysia),Mitsui chemicals inc. (Japan),Exxon Mobil Corporation (US),LyondellBasell Industries NV (the Netherlands),Sumitomo chemical co. ltd (japan),SABIC (Saudi Arabia),Ineos group holdings SA (the UK),Sasol Ltd. (South Africa),Chevron Phillips chemical company (US).
In addition, as the construction industry grows, polyethylene plays an increasingly important role in protection; demand is increasing. However, the global availability of substitutes and plastic bans are important restraints on the industry’s growth. However, the global crisis caused by COVID-19 has had a negative impact on demand, prompting producers, vendors, distribution companies, and consumers to take action. The manufacturers are under pressure to make a profit due to a drop in business due to lower market demand.
Polyethylene, on the other hand, is a viable alternative for renewable feedstocks, providing a significant opportunity for future growth. Looking ahead, the most difficult task would be to manage and struggle with the same substitute products in order to reduce polyethylene demand.
New latest events, trade laws, international trading analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunity in terms of emerging income pockets, changes in market regulations, strategic market expansion analysis, market size, category market growths, application niches and monopoly, product approvals, product launches, geographical expansions, technological innovations in the market.
The demand for recycled polyethylene is growing among brand owners as well as industrial buyers, driven by sustainability goals and financial considerations. Not only is strict regulation influencing the market, but rising oil prices are also making recycled polyethylene a more appealing segment. During the forecast period, the global recycled polyethylene industry is expected to be driven by long-term scarcity of oil prices.
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Segmental Analysis
By Type
- Resin
- Film
By Product Density
- High-density Polyethylene
- Medium-density
- Low-density
- Others
By Application
- Packaging
- Automotive
- Electrical and Electronics
- Others
By Region
The following is a breakdown of the global polyethylene industry by region:
- North America
- Europe
- Asia-Pacific
Middle East and Africa
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Regional Overview
In 2016, Asia Pacific led the world polyethylene market. Furthermore, due to rising demand for polyethylene from manufacturing sectors, Asia Pacific is expected to remain dominant over the forecast period. Furthermore, the development of new industries in Asia Pacific’s developing economies is expected to supplement the region’s polyethylene market growth. China is a major contributor to the global polyethylene market’s expansion.
Industry News
Starting with wet cat food, Amcor collaborated with Nestle to introduce recyclable flexible retort pouches that will reduce the environmental impact of consumer packaging by up to 60%. The new pouch complies with the CEFLEX Consortium’s recent circular economy packaged food guidelines.
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1 Executive Summary
2 Market Introduction
2.1 Definition 21
2.2 Scope Of The Study 21
2.3 List Of Assumptions 22
2.4 Market Structure 22
3 Market Insights
3.1 Global Market Share By Region (%) 24
4 Research Methodology
4.1 Research Process 29
4.2 Primary Research 30
4.3 Secondary Research 31
4.4 Market Size Estimation 32
4.5 Forecast Model 32
5 Market Dynamics
5.1 Introduction 34
5.2 Drivers 34
5.2.1 Growing Demand In The Packaging Industry 34
5.2.2 Increasing Demand In The Construction Industry 35
5.2.3 Drivers Impact Analysis 37
5.3 Restraints 37
5.3.1 Ban On Plastic Bags 37
5.3.2 Restraint Impact Analysis 38
5.4 Opportunities 38
5.4.1 Rising Demand For Bio-Polyethylene 38
5.4.2 Development Of Metallocene Polyethylene 39
5.4.3 Adoption Of CTO Manufacturing Technology 39
5.5 Challenges 39
5.5.1 Fluctuations In Crude Oil Prices 39
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