As estimated in this report, the global polyethylene market stood at US$ 112.56 billion in 2023. Witnessing a tremendous rise during the period from 2024 to 2032, the revenue in this polyethylene market is expected to reach US$ 164.42 billion by 2032.
With the presence of a large pool of participants, the Global polyethylene market is displaying a highly competitive business landscape, according to 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 the polyethylene business, Berry Global Group—a global manufacturer & marketer of plastic packaging items purchased Laddawn, a blown polyethylene bags and films manufacturing company, for an undisclosed amount.
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.
Massive Product Applications Across Various Sectors To Impel Business Space
“Extensive product applications in automotive, wires, and plumping are anticipated to chart a profitable roadmap for the 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 the polyethylene market over the coming years. In addition, massive funding of infrastructural activities and diversification in the consumer goods market are some of the key growth factors of the polyethylene market.
However, escalating demand for eco-friendly plastics, strict government legislations pertaining to the 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, the 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 in the dominant position in the years to come states the polyethylene market study. The rise in the funding of commercial construction activities along with rapid expansion of the consumer electronics sector is the main factor behind the dominance of the North American polyethylene market. The high number of market players headquartered in North America is another significant factor that is supporting this regional polyethylene market.
Polyethylene Market: Competitive Analysis
The global polyethylene market is dominated by players like:
- 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
The global polyethylene market is segmented as follows:
By Type
- High-Density Polyethylene
- Low-Density Polyethylene
- Others
By End-Use
- Wires
- Plumping
- Automotive
- Others
By Region
- North AmericaThe U.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to provide our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States Tel: +49-322 210 92714 USA/Canada Toll-Free No.1-855-465-4651 Email: [email protected] Website: https://www.zionmarketresearch.com