Polyethylene Market Global Segmented By Type (LDPE, MDPE, HDPE), Technology (Films & Sheets Extrusion, Pipe Extrusion, Injection Molding, Blow Molding, Others) End-User (Packaging, Construction, Automotive, Electrical & Electronics, Household Applications, Others) and Region Forecast till 2030

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.

Polyethylene (PE), also known as polythene, is a group belonging to the thermoplastic polymers, and based on its polymerization process, it can be produced for different purposes. 

The polyethylene market is projected to grow significantly during the forecast period owing to rapid industrialization and urbanization. The expansion of the packaging industry is predicted to be another salient cause that can augment the polyethylene market size in the coming period.

COVID 19 ANALYSIS

The polyethylene market value was hampered due to the global outbreak of the coronavirus pandemic. The market was witnessing an inability to meet the demand and the imposition of strict norms and lockdown added to the adversity that was already being faced by the market.

However, the upcoming years predict that the market has a good fortune both in terms of value and quality. The rising investments in the production of environmentally friendly goods will help the market grow and attain an excellent market value by the end of the period in 2028.

COMPETITIVE LANDSCAPE

To get a comprehensive and acute idea about the polyethylene market insights, it is very important to create a competitive environment amongst the different prime players present at different market locations all around the world. All the market players are engaging themselves in various types of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc. The most valuable players of this market are:-

• 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)

MARKET DYNAMICS

DRIVERS

The agricultural sector that is functioning as a part of the polyethylene market size is anticipated to make a reliable contribution in the development of the market owing to the rising demand for nozzles and drippers in the irrigation field and functions. The increasing production of microtubes and emitting pipes is likely to play a salient role in helping to develop the global market at an international scale. In addition, there has been a surge in the demand which is resulting in enhancing the manufacturing process of toys and other consumer commodities like fashion apparel, and sports goods. This is another prominent factor that is anticipated to act as another salient factor that can strengthen the polyethylene market trends during the forecast period that will be ending in 2028. The market is witnessing the introduction and development of bio-degradable polyethylene which is believed to present the market with excellent opportunities during the forecast period.

RESTRAINTS

The polyethylene market share is likely to face some challenges while on the path of its growth, as well. The growing need for environmental protection and health awareness is expected to cause hindrances to the market growth predicted for the forecast period that will be ending in 2028. There has been an increase in the imposition of stringent rules and regulations that are expected to restrain the market from growing. Also, the unstable fluctuating prices of the raw materials essential for production are likely to harm the growth prospects for the market during the forecast period.

TECHNOLOGY ANALYSIS

The global polyethylene market trends are anticipated to have an excellent expansion and witness a significant rise during the ongoing forecast period of 2021-2028. The main aim behind this effective growth is owing to the rising degree of demand for packaged goods across an array of industries and consumer groups. Besides this, PE is emerging as a cost-effective solution, and the ongoing developments on the market products and presented portfolio to make it eco-friendly and beneficial for the environment are expected to strengthen the market functioning in the assessment period that will be ending in 2028.

STUDY OBJECTIVES

• To review and understand the point of view of various industry experts and leaders that have anticipated the compound annual growth rate and attainable market revenue by the end of the global forecast in 2028.


• To examine the growing competitive outlook of the market and the reasons behind the same. The market report also helps the market investors understand the polyethylene market trends and make their buying and investing decisions based on the same.


• To examine the various market dynamics like trends, drivers, and restraints that are most likely to play a role in helping the market and its different segments grow in the domestic as well as international market.

SEGMENT OVERVIEW

Polyethylene market share is expected to witness significant growth owing to the performance of different market segments. Among these, the low-density polyethylene (LDPE) segment will be the fastest-growing and also contribute towards this market growth more than any other segment. It will be valued at USD 97,157.2 million with a cagr growth of 6.01% by the end of the forecast period. The packaging segment will also witness significant growth with a cagr of 6.12%. For a magnifying use the market has been segmented into the following on different bases:

Based on type,
it has medium-density polyethylene (MDPE), low-density polyethylene (LDPE), and high-density polyethylene (HDPE).

Based on end-user,
it has construction, packaging, automotive, household applications, electrical & electronics, others.

Based on technology,
it has blown molding, pipe extrusion, including films & sheets extrusion, injection molding, and others

REGIONAL ANALYSIS

The polyethylene industry movement is extraordinarily working in 6 major regions of the world that is North America, Asia Pacific, Europe, Africa, South America, and the Middle East. Among all these regions, the Asian Pacific region will dominate this market and the reason for that is rapid urbanization and industrialization. Secondly, the rapid expansion of food and beverages, packaging, infrastructure, and construction industries are expected to make a major contribution towards the growth of this market in this region. The growth of this market in the APAC region will be led by its developing nations such as India, China, and Japan. Europe will come up as the second-largest market of polyethylene with a cagr of 5.53% during the forecast period. The North American region is also anticipated to witness significant growth during the forecast period due to the increasing development of the automotive, electrical & electronics, packaging, and healthcare & pharmaceuticals sector. The Middle East and Latin America region is also anticipated to witness steady growth owing to the growing demand for packaging, construction materials, and consumer goods.

Industry News

October 2021- A controversial project proposed by Westcoast Olefins (WCL) has been terminated.
Ken James, CEO of WCL, states the Polyethylene Plant initially scheduled for the BCR Industrial Site will not proceed. The CEO confirmed plans are still in place for the NGL Extraction Plant suggested for agricultural land in Pineview.
The 5.6 billion dollar Polyethylene Plant will no longer move ahead amid serious concerns from the environmental law department at the University of Victoria and conflicts with local first nations.

November 2021- Charter Next Generation and NOVA Chemicals Corporation announced a substantial landmark in the large-scale use of post-consumer resin (PCR) for elastic film applications. Both the companies have effectively collaborated to boost the supply of more sustainable films for packaging and develop a circular economy where valued plastic materials are reprocessed to be used again and again. Railcar extents of PCR reached CNG’s manufacturing facilities in October.

December 2020 : A new chemical process developed at the University of California, Berkeley, can convert polyethylene plastic into a strong and valuable adhesive.

INTENDED AUDIENCE

• Polyethylene manufacturers and providers


• third-party vendors


• Government bodies


• Technology investors  


• Research institutes and organizations


• Market research and consulting firms


• End-users/enterprise-users


• Managed service providers (MSPs)

REPORT OVERVIEW

The report qualitatively surveys the market and covers the market functioning based on the following market aspects:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Technology Analysis


• Segment Overview


• Regional Analysis


• Competitive Landscape


• Recent Developments

The polyethylene industry report represents a drift analysis that talks about market drivers, opportunities, and restraints that are available in the global market. The report also discusses the impact of the covid-19 outbreak on the prominent players functioning as a part of the global market. The report also informs the potential market investors about the market segmentation on a global basis and how the factors that give rise to a competitive environment in various market regions as the actions of the key market players around the globe. At last, the report discloses and highlights some prominent recent developments in this industry that have taken place during or before the period.

Report Scope:

Report Attribute/Metric	Details
Market Size	2028: USD 135.87 billion
CAGR	5.89% (2022-2030)
Base Year	2021
Forecast Period	2022-2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Technology and End-Use
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	China Petrochemical Corporation (China), Formosa Plastics Corporation (Taiwan), Petronas Chemicals Group Berhad (Malaysia), Mitsui Chemicals Inc. (Japan), Exxon Mobil Corporation (the US), LyondellBasell Industries NV (the Netherlands), Sumitomo Chemical Co. Ltd (Japan), SABIC (Saudi Arabia), DowDuPont (the US), INEOS Group Holdings SA (the UK), Sasol Ltd. (South Africa), Chevron Phillips Chemical Company (US)
Key Market Opportunities	Introduction of Bio-Degradable Polyethylene to Offer Significant Opportunities for Expansion
Key Market Drivers	Significant Contribution of Agriculture Sector to Boost the Market

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