Polyethylene Market by Types (High Density Polyethylene, Low Density Polyethylene and Others) by Applications (Wires, Plumbing, Automotives, and Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)- Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Global Polyethylene Market expected to reach approximately USD 215 Billion in 2024, growing at a CAGR of 4% between 2017 and 2024. Polyethylene also called as the vinyl polymer is made from monomer ethylene through a polymerization reaction. It has a variable crystalline structure with a wide range of applications.

23-May-2018 | Number of pages: 130 | Report Code: ZMR-2946 | Report Format : | Status : Published

Analysis

Polyethylene also known as a thermoplastic polymer (polyolefins), has a variable crystalline structure with a wide range of applications. It is called a vinyl polymer made from monomer ethylene (polymerization of ethylene). A single molecule of polyethylene is a long chain of carbon atoms having two hydrogen atoms bonded with a carbon atom each. Low-density polyethylene (LDPE) and high-density polyethylene (HDPE) are the most common forms of polyethylene in the market. LDPE comprise of a branched polyethylene structure whereas HDPE is a linear polyethylene molecule. HDPE is characteristically stronger than LDPE.

Because of its recyclability, easy processing, and low cost, polyethylene is the most common plastics in the world. Applications of polyethylene range from food wraps, bags, bottles, and containers. Polyethylene can be modified into synthetic fibers giving it an elastic property to that of a rubber.

Some of the factors driving polyethylene market are low-cost processability, rising investments in the infrastructure sector, diversification of consumer goods industry, low feedstock cost, the positive economic outlook of developing countries. According to World Bank, global investment in infrastructure is anticipated to reach $94billion by 2040. The bulk of the investments in infrastructure will be directed into making new sustainable living spaces, sanitation, and electricity. Stringent government regulations, awareness of hazards amongst petrochemicals products, demand for green plastics, rising investments in plastic recycling plants, fluctuating fossil fuel prices are the factors restraining polyethylene market for the forecast period.

Global polyethylene market

Global polyethylene market is segmented in terms of its types and applications. By types, polyethylene market is bifurcated into high-density polyethylene (HDPE), low-density polyethylene (LDPE) and others. HDPE holds the largest market share within global polyethylene market owing to its cheaper manufacturing cost, sturdy properties, and high demand. HDPE is used in wide range of applications like production of bottles and gift containers. Application segment is classified in terms of wires, plumbing, automotive, and others.

The Asia Pacific is the largest and fastest growing market for polyethylene for the forecast period. Market growth in the Asia Pacific is driven by expanding middle-class consumers and thriving industries. The total production capacity of polyvinyl chloride (PVC) a common form of polyethylene in the Asia Pacific, accounted for 32 million metric tons in 2017, according to Vinyl Council of Australia. India and China are key regions driving polyethylene market in the Asia Pacific. Vietnam, Japan, and Thailand are some of the other key markets for polyethylene in the Asia Pacific. Demand for polyethylene and its allied product in North America and Europe continues to show a steady rise for the forecast period. Polyethylene market in North America is anticipated to reach revenues of $ 35 billion in 2018, with the United States being the major market. Demand for polyethylene in North America and Europe is likely to be driven by investments in commercial construction, and expanding consumer electronics market.

Some of the key players within global polyethylene market are Dow Du Pont Inc., Exxon Mobil Corp., SABIC., Borealis AG., INEOS., Lyondell Basell Industries Holdings., SINOPEC., Sumitomo Chemical Co Ltd., China Petrochemical Ltd., NOVA Chemical Corp., Reliance Petrochemicals Ltd., Formosa Plastics Corp., China National Chemical Corp., Arkema SA., Chevron Phillips Chemical Company LIC.


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