Chemical and Material

Polyethylene Market By Economic Growth Factors, Development Status, Industry Overview, Future Plans, Competitive Landscape and Opportunities Forecast 2030

The global polyethylene market size is forecasted to reach from US$ 114.79 billion in 2021 to US$ 151.85 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 3.2% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The polyethylene market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decision to sustain growth through the assessment period.

Download Free Sample Copy with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1440

The global polyethylene market is expected to grow due to the growing applications of the polyethylene across various end use verticals such as automotive, construction, agriculture, and consumer goods. The polyethylene market has witnessed a significant growth owing to the huge demand in the packaging industry. The light-weight, higher tensile strength, higher chemical resistance, higher temperature resistance, and low cost are the several important features of the polyethylene that makes it the most demanded material for the packaging across the globe.

The outbreak of the COVID-19 disease and the subsequent lockdown measures adopted by the government has significantly boosted the demand and adoption of the polyethylene products in the e-commerce industry. The online retailers significantly adopted the polyethylene products for the packaging of various consumer goods and food and beverages products that serves ease in transportation. Therefore, the rising demand for the polyethylene products in the e-commerce industry is expected to exponentially drive the market growth during the forecast period.

Scope of The Polyethylene Market

Report Coverage Details
Market Size USD 111.8 Billion
Growth Rate From 2021 to 2030 CAGR of 3.2%
Revenue Projection By 2030 USD 151.85 Billion
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type, Application, Region

Competitive Landscape Analysis:

Some of the leading companies operating in the polyethylene market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Major companies operating in this report are

  • The Dow Chemical Company
  • Exxon Mobil Corporation
  • LyondellBasell Industries N.V.
  • SABIC
  • China Petrochemical Corporation
  • Mitsubishi Chemical Corporation
  • INEOS
  • Borealis AG
  • Chevron Phillips Chemical Co.
  • SCG Chemical

Market Dynamics

Driver

The growing demand for the bio-based polyethylene products

The globe is moving towards achieving sustainability by reducing carbon footprints. The growing initiatives of the various corporates and governments in different countries is significantly driving the demands for the bio-based polyethylene products. Moreover, the market players are shifting their focus on the development and manufacturing of bio-based polyethylene. For instance, in July 2020, Dow Chemicals and Thong Guan partnered to manufacture bio-based polyethylene products that targeted to serve the Asia Pacific region’s rapidly growing demand for the polyethylene. The bio-based polyethylene contains carbon elements that are renewable. Therefore, the bio-based polyethylene products are expected to gain rapid traction across the globe and will significantly contribute towards the market growth.

Restraints

Growing consciousness among the consumers regarding the negative effects of polyethylene on environment

The polyethylene is extremely harmful to the environment. Moreover, governments in various countries have banned the use of plastic bags. Polyethylene gets into the soil and deteriorate the soil quality and fertility by releasing toxic chemicals. Moreover, sometimes the animals accidentally eats the plastic wastes and die due to choking. Therefore, the growing awareness and consciousness among the consumers especially in the developed regions may hamper the growth of the polyethylene market during the forecast period.

Opportunities

Rising number of developmental strategies by the players

The polyethylene market is fragmented with the presence of numerous market players. The players are constantly engaged into a number of developmental strategies in order to exploit the market opportunities, gain competitive advantage, and gain market share. For instance, in May 2020, UPM Raflatac introduced its new line of Forest Film products, made from the post-consumer recycled plastics to be used in the packaging of products.

Challenges

Increasing health awareness and environmental protection activities across the globe

The plastic production across the globe was estimated at approximately 380 million tons in 2018. Plastics are the most generated wastes across the globe that significantly pollutes land and oceans. Most of the plastic bag wastes gets dumped into the ocean that kills around 100,000 marine animals every year. The government initiatives to protect the environment from plastic wastes are expected to be the major challenge for the market players in the upcoming years.

Report Highlights

  • Based on the type, the HDPE segment dominated the market in 2020. This is attributed to the increased usage of the HDPE in the packaging industry owing to the low production cost, higher temperature resistance, and higher density and strength of the HDPE. The HDPE serves as a good protective structure that facilitates the packaging of goods and facilitates easy transit.
  • Based on the application, the construction is estimated to be the most opportunistic segment during the forecast period. The growing number of real estate projects in the developing nations and growing usage of the polyethylene for protecting the construction equipment and materials from moisture and water is expected to drive the growth of the market during the forecast period.

Regional Snapshot

Asia Pacific region is the dominating and the fastest-growing market for polyethylene. The presence of huge consumer base for numerous industries and the rapid industrialization and rapid urbanization of the region is fueling the market growth. Moreover, the rapidly growing real estate sector is triggering the growth of the construction activities in the region.

Therefore, the growing demand for the polyethylene in the construction industry in the various developing countries such as China and India is expected to foster the growth of the market. Moreover, the rising penetration of internet along with the growing adoption of the smartphones and other digital devices is fueling the growth of the e-commerce platforms in the region. The e-commerce industry is among the top consumer of the polyethylene as it serves as a protective packaging material that facilitates easy transportation of various products. Moreover, the rapidly growing demand for the healthcare and the pharmaceutical products is further driving the consumption of the polyethylene in the Asia Pacific region.

Segments Covered in the Report

By Type

  • HDPE
  • LDPE
  • LLDPE

By Application

  • Packaging
  • Consumer Goods
  • Automotive
  • Healthcare/Pharmaceuticals
  • Electronics/Electrical
  • Construction
  • Agriculture
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global polyethylene market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for polyethylene are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Purchase Full Research Report @ https://www.precedenceresearch.com/checkout/1440

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Polyethylene Market 

5.1. COVID-19 Landscape: Polyethylene Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Polyethylene Market, By Type

8.1. Polyethylene Market, by Type, 2021-2030

8.1.1. HDPE

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. LDPE

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. LLDPE

8.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Polyethylene Market, By Application

9.1. Polyethylene Market, by Application, 2021-2030

9.1.1. Packaging

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Consumer Goods

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Automotive

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Healthcare/Pharmaceuticals

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Electronics/Electrical

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Construction

9.1.6.1. Market Revenue and Forecast (2019-2030)

9.1.7. Agriculture

9.1.7.1. Market Revenue and Forecast (2019-2030)

9.1.8. Others

9.1.8.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Polyethylene Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Type (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Type (2019-2030)

10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Type (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Type (2019-2030)

10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Type (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Type (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Type (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Type (2019-2030)

10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Type (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Type (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Type (2019-2030)

10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Type (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Type (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Type (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Type (2019-2030)

10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

Chapter 11. Company Profiles

11.1. The Dow Chemical Company

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Exxon Mobil Corporation

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. LyondellBasell Industries N.V.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. SABIC

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. China Petrochemical Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Mitsubishi Chemical Corporation

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. INEOS

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Borealis AG

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Chevron Phillips Chemical Co.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. SCG Chemical

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1440

Contact Us:         

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Show More

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

Related Articles

Back to top button