Polyethylene Market - By Type (LDPE, MDPE, HDPE), by Technology (Films & Sheets Extrusion, Pipe Extrusion, Injection Molding, Blow Molding, Others), by End-User (Packaging, Construction, Automotive, Electrical & Electronics, Household Applications, Others) and Region - Industry Forecast 2027
|ID: VPR/CR/1009||Publishing Year: September 2021||Pages: 110||Format:|
Polyethylene Market Overview:
The Polyethylene Market is projected to grow from USD 108 billion in 2020 to reach USD 134 billion by 2027; it is expected to grow at a CAGR of 3.3% from 2020 to 2027.
PE can be classified into ultra-low-molecular-weight Polyethylene (ULMWPE), high-density cross-linked polyethylene (HDXLPE), ultra-high-molecular-weight polyethylene (UHMWPE), high-molecular-weight polyethylene (HMWPE), chlorinated polyethylene (CPE), cross-linked polyethylene (PEX), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), and very- (HDPE). PE is used in a variety of applications such as packaging and toys, cable covers, buckets, lids, containers, bottles, films, and membrane production. Because of the strong demand for packaged items by customers, packaging accounted for the largest part of the Polyethylene Market in 2013 and is predicted to increase at the quickest rate throughout the forecast period.
Due to rising industrialisation and changing consumer tastes in the region, Asia Pacific accounted for a large portion of the Polyethylene Market in 2013. Furthermore, due to rapid industrialization and the trend of online shopping among customers in emerging nations such as China and India, Asia Pacific is predicted to have the quickest growth in the Polyethylene Market throughout the forecast period. The establishment and implementation of the "Make in India" initiative, which encourages foreign businesses to set up manufacturing facilities in India, taking advantage of a big consumer base, affordable land, and low labour rates, is predicted to boost the Polyethylene Market in India. The Dow Chemical Co., Lone Star Chemical, BASF, Chevron Phillips Chemical Co., Formosa Plastics, Huntsman, Ineos Olefins & Polymers, LyondellBasell, Reliance Industries, and SABIC are among the major competitors in the Polyethylene Industry.
- The Dow Chemical Company
- Company Overview
- Key Product Offerings
- Business Strategy
- SWOT Analysis
- Lone Star Chemical
- Saudi Gazette KSA
- Global Polymer Industries Inc.
- Sinopec Corporation
- Exxon Mobil Corporation
- Reliance Polymers
The COVID-19 outbreak has wreaked havoc on a variety of businesses, notably the Polyethylene Industry. The market's decline for three months, owing to the installation of a complete lockdown in various countries, is expected to have had a negative impact on the market. The market came to a halt due to a drop in demand, which had a significant influence on global polyethylene production. Furthermore, manufacturing units were seriously harmed. However, the market is expected to gain traction in the near future.
The key element driving the growth of the Polyethylene Market is expected to be rising demand for packaging materials. Aside from that, the growing use of polyethylene in the automotive industry is predicted to propel the Polyethylene Market forward. Furthermore, in the next years, growth and expansion of industries such as electrical and electronics, automotive, and food in developing countries is expected to boost demand for Polyethylene goods.
During the projected period, rising disposable income and a growing global population are expected to promote the growth of the Polyethylene Market. In addition, technological advancements and new product developments, such as high voltage cross linked polyethylene, are expected to boost polyethylene demand in the near future.
Type, End-Users, and Technology may all be used to segment the Polyethylene Market.
The Polyethylene Market is divided into three Types: medium-density Polyethylene (MDPE), low-density polyethylene (LDPE), and high-density polyethylene (HDPE) (HDPE). LDPE is expected to lead the market, with a market value of USD 97,157.2 million and a compound annual growth rate (CAGR) of 6.01 percent throughout the review period.
The Polyethylene Market is divided into construction, packaging, automotive, home applications, electrical & electronics, and others based on End-User. By 2025, the packaging segment is estimated to reach a market value of USD 1 11,148.3 million, growing at a CAGR of 6.12 percent.
The Polyethylene Market is divided into blow moulding, pipe extrusion, films and sheets extrusion, injection moulding, and others based on technology. The films and sheets extrusion segment is estimated to reach a market value of USD 1, 06,049.4 million by 2025, with a CAGR of 6.54 percent over the forecast period.
In nations like as Russia, Brazil, India, and China, the Polyethylene Market is predicted to rise at a rapid pace. Because of their rising populations and growing manufacturing industries, these countries' need for Polyethylene is expected to rise. In the next years, other regions, including as Europe and North America, are projected to have a steady and consistent demand for Polyethylene. This market's growth is projected to be boosted further if manufacturers adhere to government-imposed environmental regulations and legislation.
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