November 20, 2019
According to the latest study titled ‘Global Polyethylene Market: Analysis By Type (HDPE, LDPE, Others), End-User Industry (Packaging, Construction, Automotive, Electronics & Electrical, Household Appliances, Others), By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023) - By Region (N. America, Europe, APAC, ROW), By Country (U.S., Canada, Germany, UK, France, Italy, China, Japan, India)’ available at MarketStudyReport.com, the global polyethylene market is estimated to grow with a CAGR of 5.81% during the period of 2018-2023.
Polyethylene is the most commonly used plastic and is known for its properties of chemical and electrical resistance. Increase in usage of polyethylene in construction and packaging, coupled with its widespread applications across several industries are the key factors driving the growth of polyethylene market.
The study encompasses details about market size based on revenue shares and growth opportunities for individual segments. It analyses the competitive landscape of polyethylene market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics covering drivers and restraints is also outlined in the report.
Based on type, polyethylene market is segmented into high density polyethylene (HDPE), low density polyethylene (LDPE), and others, where in the foremost segment is presumed to grow momentously over the analysis timeframe, on account of increasing demand of HDPE pipelines in construction sector, for carrying wastewater, potable water, chemicals, slurries, compressed gases, and hazardous wastes.
While speaking of application spectrum, the industry is split into construction, packaging, electronic & electrical appliances, automotive, household applications, and others.
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In terms of geographical landscape, the global polyethylene market is divided into regions including Europe, North America, APAC, and rest of world, with key focus on countries like Canada, U.S., UK, Germany, Italy, France, Japan, China, and India. The report cites that APAC polyethylene market registered the largest share in 2017 and is presumed to continue this trend, owing to booming population in tandem with growing packaging applications across the region.
Some of the vendors that operate in the global polyethylene market are LyondellBasell, BASF, DowDuPont, ExxonMobil, INEOS, SABIC, and ENI.
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