The global Polyethylene Market size was valued at USD 103.49 Billion in 2018 and is expected to reach USD 143.30 Billion by 2026, exhibiting a CAGR of 4.1% during forecast period 2019 to 2026.
Polyethylene is a thermoplastic polymer build form ethylene molecules. Polyethylene is generally used for packaging purposes. It has excellent mechanical, chemical and electrical properties. Moreover, they are cheap and electrical and chemical resistant.
Global polyethylene market demand is expected to witness high growth owing to increasing demand for packaged goods and changing lifestyles of the consumers. Additionally, easy availability and affordable PE prices are likely to aid market growth. However, increasing environment protection and health awareness among the consumers are anticipated to act as key restraining factors for the market. However, introduction and development of bio-based and bio-degradable polyethylene is likely to open new opportunities for market growth over the forecast period. In addition, manufacture of polyethylene from feedstock derived through unconventional sources such as coal, shale gas and bio-based materials will ensure raw material availability and sustainable resources. Development of new technologies and additives for polyethylene manufacture are expected to improve performance and open new market avenues for polyethylene t over the next six years.
Rising Consumption of Polyethylene in Food & Beverage Industry Will Aid Growth
The increasing demand and consumption of polyethylene in the food & beverage industry will contribute growth to the global Polyethylene Market owing to its moisture barrier property that protects the food & beverages from external as well as internal environments. The rising focus of manufacturers effective packaging to reduce the possibility of food contamination and loss of quality. This factor is expected to create lucrative growth opportunities for the global Polyethylene Market.
Furthermore, property such as high rigidity makes polyethylene suitable for industrial use. Primarily for packaging of automotive and electrical spare parts. The rising focus of manufacturers in the automotive industry on increasing the efficiency of vehicles by reducing the weight of the vehicles will further propel the growth of the global Polyethylene Market. In addition, polyethylene material is light in weight and offers easy processability as well sealing and stiffness properties. The advantages offered by polyethylene will fuel demand and enable the growth of the Polyethylene Market during the forecast period.
High-Density Polyethylene (HDPE) To Account for Highest Shares
According to the report, the Polyethylene Market on the basis of Polyethylene Market is segmented into high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear-low density polyethylene (LLDPE). HDPE will account for the largest market shares during the forecast period owing to its characteristics such as low manufacturing cost, high strength to density ratio, and high-temperature resistance. Furthermore, the low-density polyethylene (LDPE) segment will witness considerable demand owing to its properties such as chemical resistance, flexibility, and softness. In addition, the rising demand for lightweight packaging in industries such as electronics, healthcare, and food & beverages will aid well for the low-density polyethylene (LDPE), which, will, in, turn boost the Polyethylene Market revenue.
The Polyethylene market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Polyethylene market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Polyethylene market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Polyethylene market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Polyethylene market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Polyethylene capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Polyethylene by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Polyethylene market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Polyethylene market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Polyethylene market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Polyethylene industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Polyethylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Polyethylene market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Polyethylene market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Polyethylene market. These factors have benefited the growth of the global market for Polyethylene. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Polyethylene. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Polyethylene market is fragmented in nature with key players being The Dow Chemical Co., Lone Star Chemical, BASF, Chevron Phillips Chemical Co., Formosa Plastics, Huntsman, Ineos Olefins & Polymers, LyondellBasell, Reliance Industries and SABIC.
Our in-depth analysis has segmented global polyethylene market into following segments:
By Product Density
Global polyethylene market is further classified on the basis of region as follows:
In this study, the years considered to estimate the market size of Polyethylene are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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