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Polyethylene Market Growth, SWOT Analysis and Growth Prospects Till 2030

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The amplified demand from the food & beverage, e-commerce, and pharmaceutical promotes the polyethylene market in the forthcoming period.

Polyethylene Market -Overview

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.

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. A CAGR of 5.89% is predicted to promote the market in the impending period.

The amplified demand from the food beverage, e-commerce, and pharmaceutical promotes the polyethylene market in the forthcoming period. The benefits of polyethylene, such as resistance to moisture and cost-effectiveness, are projected further to accelerate the impending period's polyethylene market share.

Segmental Analysis

The segmental study of the polyethylene market is conducted on the basis of type, technology, region, and end-user. On the basis of end-user, the polyethylene market consists of automotive, household applications, electrical electronics, packaging, construction, and others. On the basis of type, the polyethylene market can be segmented into medium-density polyethylene (MDPE), low-density polyethylene (LDPE), and high-density polyethylene (HDPE). Based on technology, the polyethylene market comprises pipe extrusion, blow molding, injection molding, films sheets extrusion, and others. Based on the regions, the polyethylene market is segmented into Latin America, Europe, Middle East, North America, Africa, and the Asia Pacific.

Detailed Regional Analysis

The polyethylene market's regional scrutiny includes regions such as Latin America, Europe, Middle East, North America, Africa, and the Asia Pacific. The Asia Pacific regional polyethylene market is the principal market throughout the forecast period. The developing countries in the region, such as Indonesia, India, China, and others, are observing industrial disturbance, which is promoting the regional polyethylene market. The urbanization in the region also understands rapid development, which is demonstrating to be advantageous for the regional polyethylene market. The European polyethylene market has the subsequent principal market. It is trailed by the North American polyethylene market, creating a promising valuation all through the forecast period. 

Industry Updates:

Oct 2020 UC Santa Barbara researchers have discovered a low-temperature catalytic technique that upcycles polyethylene, a polymer found in around a third of all plastics shaped, with a worldwide value of about USD 200 billion annually.

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Key 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)

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