23-May-2018 | Zion Market Research
With the presence of a large pool of participants, the Global polyethylene market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Dow Du Pont Inc., Exxon Mobil Corporation, SABIC, Lyondell Basell Industries Holdings, and SINOPEC are some of the key vendors of polyethylene across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the polyethylene market study.
In a major event that can boost the expansion of polyethylene business, in August 2018, Berry Global Group—a global manufacturer & marketer of plastic packaging items—has purchased Laddawn, a blown polyethylene bags and films manufacturing company, for an undisclosed amount.
As estimated in this report, the global polyethylene market stood at US$ 163 billion in 2017. Witnessing a tremendous rise during the period from 2017 to 2025, the revenue in this polyethylene market is expected to reach US$ 215 billion by the end of the forecast period. The main types available in this polyethylene market are low density polyethylene and high density polyethylene. Among them, the demand for high density polyethylene is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
Browse the full "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" report at http://www.zionmarketresearch.com/report/polyethylene-market
Massive Product Applications Across Various Sectors To Impel Business Space
“Extensive product applications in automotive, wires, and plumping is anticipated to chart a profitable roadmap for polyethylene market in the years ahead,” says the author of this study. Apart from this, favorable features such as easy processing, recyclability, low manufacturing costs, and easy feedstock availability are projected to impel the growth of polyethylene market over the coming years. In addition, massive funding of infrastructural activities and diversification in consumer goods market are some of the key growth factors of polyethylene market.
However, escalating demand for eco-friendly plastics, strict government legislations pertaining to use of petrochemical products, extensive funding of plastic recycling units and oscillating fossil fuel costs are anticipated to inhibit polyethylene market growth in the years ahead. Nevertheless, immense use of polyethylene in food wraps, bottles, bags, and containers is anticipated to create profitable avenues for the polyethylene market in the next few years. This, in turn, is projected to normalize the impact of hindrances on the polyethylene market, reports the study.
Thriving Consumer Electronics Sector To Boost North American Dominance
Regionally, North America has been leading the worldwide polyethylene market and is anticipated to continue on the dominant position in the years to come, states the polyethylene market study. Rise in the funding of commercial construction activities along with rapid expansion of consumer electronics sector is the main factor behind the dominance of the North America polyethylene market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional polyethylene market.
The global polyethylene market is segmented as follows:
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