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Polyethylene Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-439 Category: Chemicals and Materials

Polyethylene Market Overview

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.

Market Size & Forecast

Global polyethylene market is anticipated to flourish at a CAGR of 4.2% over the forecast period. In terms of volume, global polyethylene market has crossed 160 Million tons in 2016. Rising utilization of polyethylene and wide scale application in various industries are driving the growth of the global polyethylene market. 

In the regional platform, with more than 50% market share, Asia Pacific dominated the overall polyethylene market in 2016. Further, Asia Pacific is expected to continue its dominance over the forecast period owing to the rising demand for polyethylene from manufacturing industries. Additionally, development of new industries in the developing economies of Asia Pacific is anticipated to supplement the growth of polyethylene market in the region. China is a major contributor for the growth of global polyethylene market. Moreover, China accounted for more than 25% market of global polyethylene market in 2016. Besides this, India is also expected to showcase a significant rise in the consumption of polyethylene owing to increasing demand from packaging, automotive and other industrial applications.

Polyethylene Market

North America is expected to witness significant growth during the forecast period due to the enhancement of retail, housing and automotive sector. Europe polyethylene market is expected to grow at a high pace over the next few years on the account of recovery of automotive and construction industry in the region. Middle East & Africa polyethylene market is estimated to witness lucrative growth over the forecast period. This growth can be attributed to development of various plastic processing industries in the region. 

On the basis of application, the global polyethylene market has been segmented into packaging, automotive, electrical and electronics and other application. Packaging segment is anticipated to dominate the overall market of polyethylene during the forecast period. Heavy utilization of polyethylene for manufacturing packaging products such as bottle is expected to be the key factor behind the growth of packaging polyethylene segment.

Market Segmentation

Our in-depth analysis has segmented global polyethylene market into following segments:

By Type

  • Resin
  • Film

By Product Density

  • High-density Polyethylene
  • Medium-density
  • Low-density
  • Others (Ultra high density Polyethylene, Linear low density Polyethylene) 

By Application

  • Packaging
  • Automotive
  • Electrical and Electronics
  • Others

By Region

Global polyethylene market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (GCC, North Africa, South Africa & Rest of Middle East and Africa) Market Size and Y-O-Y Growth Analysis

Growth Drivers & Challenges

Rising demand for packaging material is anticipated to be the dynamic factor behind the growth of global polyethylene market. Apart from this, rising utilization of polyethylene in automotive sector is expected to garner the growth of global polyethylene market. Moreover, growth and expansion of industries such as electrical and electronics, automotive and food industry in developing nations is anticipated to bolster the demand for polyethylene products in the upcoming years.

Rising disposable income and increasing population across the globe is likely to boost the growth of polyethylene market during the forecast period. Further, technical advancement and new product developments such as high voltage cross linked polyethylene is anticipated to swell the demand for polyethylene in near future.

In contrast, environmental issue coupled with stringent government regulation is anticipated to dampen the growth of global polyethylene market. Further, availability of alternatives such as paper grocery bags is likely to limit the demand for polyethylene during the forecast period. Moreover, volatility in the price of raw material is also expected to negatively impact the growth of the global polyethylene market. 

Key Players

  • The Dow Chemical Company
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Lone Star Chemical
  • Saudi Gazette KSA
  • Global Polymer Industries Inc.
  • SABIC
  • Sinopec Corporation
  • LyondellBasell
  • Exxon Mobil Corporation
  • Respol
  • Reliance Polymers

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global polyethylene market is segmented as follows:

  • By Type Group Market Size & Y-O-Y Growth Analysis
  • By Product Density Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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