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CHEMICALS AND ADVANCED MATERIALS

Polyethylene Market : Global Demand Analysis & Opportunity Outlook 2024

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Extensive insights into the Growth of Polyethylene Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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.CLICK TO DOWNLOAD FREE SAMPLE

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 (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity 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


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