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Polyethylene Market Size, Share, Growth & Forecast 2031

Polyethylene Market

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Segments - by Grades (Ultra-low-molecular-weight Polyethylene (ULMWPE), High-density Cross-linked Polyethylene (HDXLPE), Ultra-high-molecular-weight Polyethylene (UHMWPE), High-molecular-weight polyethylene (HMWPE), Chlorinated Polyethylene (CPE), Cross-linked Polyethylene (PEX), Low-density Polyethylene (LDPE), Linear Low-density Polyethylene (LLDPE), Very-low-density Polyethylene (VLDPE), Medium-density polyethylene (MDPE), and High-density polyethylene (HDPE)), Applications (Packaging and Toys, Cable coverings, Buckets, Lids, Containers Bottles, and Films & Membrane manufacture), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023–2031

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Riddhesh Dani

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Shruti Bhat

Report Description

Polyethylene Market Outlook 2031

The global polyethylene market size was USD 41.40 Billion in 2022 and is projected to reach USD 54.97 Billion by 2031 register a substantial CAGR 3.2% during the forecast period, 2023–2031. The growth of the market is attributed to the rising demand for packaged goods in emerging economies.

Polyethylene is manufactured from polymerization of ethylene and exhibits properties such as flexibility, thermal and electrical insulation, and chemical and thermal resistivity. Polyethylene is one of the basic chemical materials used in everyday life. The polymer is light in weight, easy to manufacture, and is availed easily. This has proliferated the applications of polyethylene in various industries such as packaging and construction.

The thermoplastic polymer offers high ductility and impact strength. It is extensively used for the manufacturing of shopping bags, food wraps, detergent bottles, and automobile fuel tanks. The recent technological advancements in the market has led to manufacturing of polyethylene from feedstock derived through unconventional sources such as coal, shale gas, and bio-based materials. This factor is expected to ensure raw material availability during the forecast period.

Polyethylene Market Drivers, Restraints, Trends, and Opportunities

Easy availability and inexpensive nature of polyethylene are expected to spur the market growth during the forecast period.
Implementation of stringent environmental protection regulations and growing awareness regarding negative impact of plastic are projected to restrain the market growth in the projected timeline.
Increasing investment in the development of bio-based and bio-degradable polyethylene is expected to open new market avenues for the polyethylene market.
Technological advancements in the manufacturing of polyethylene to enhance its performance can create various growth opportunities for industry participants during the forecast period.
The emergence of the COVID-19 pandemic worldwide is hampering the market growth owing to the decreasing demand for polyethylene in consumer goods, electrical & electronics and automotive industries. Moreover, reducing price of crude oil is disrupting the supply chain activities.
Increasing demand for polyethylene in the medical equipment industry for the production of personal protection equipment (PPE), sampling containers, curtains and saline bottles, is expected to boost the market growth.

Scope of The Polyethylene Market Report

The report on the global polyethylene market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Polyethylene Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Grades (Ultra-low-molecular-weight polyethylene (ULMWPE), High-density cross-linked polyethylene (HDXLPE), Ultra-high-molecular-weight polyethylene (UHMWPE), High-molecular-weight polyethylene (HMWPE), chlorinated polyethylene (CPE), Cross-linked polyethylene (PEX), Low-density polyethylene (LDPE), Linear low-density polyethylene (LLDPE), Very-low-density polyethylene (VLDPE), Medium-density polyethylene (MDPE), and High-density polyethylene (HDPE)) and Applications (Packaging and Toys, Cable Coverings, Buckets, Lids, Containers bottles, and Films & Membrane Manufacture)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	The Dow Chemical Co., Lone Star Chemical, BASF, Chevron Phillips Chemical Co., Formosa Plastics, Huntsman, Ineos Olefins & Polymers, LyondellBasell, Reliance Industries, and SABIC

Polyethylene Market Segment Insights

High-density Polyethylene (HDPE) segment to represent a considerable market share.

On the basis of grades, the market is bifurcated into ultra-low-molecular-weight polyethylene (ULMWPE), high-density cross-linked polyethylene (HDXLPE), ultra-high-molecular-weight polyethylene (UHMWPE), high-molecular-weight polyethylene (HMWPE), chlorinated polyethylene (CPE), cross-linked polyethylene (PEX), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), very-low-density polyethylene (VLDPE), medium-density polyethylene (MDPE), and high-density polyethylene (HDPE).

The high-density polyethylene (HDPE) segment is expected to represent a considerable market share during the forecast period. Low manufacturing cost, high strength to density ratio, and high temperature resistance are the key factors that are expected to boost the grade demand in the coming years. The physical properties of HDPE depend upon the process of molding used during the manufacturing process.

HDPE is highly resistant to a wide range of solvents and can be used to product products such as ballistic plates, bottle caps, boats, chemical resistant piping, and food storage containers.

The low-density polyethylene (LDPE) segment is projected to expand at a healthy CAGR during the forecast period. LDPE is extensively used in packaging owing to its properties such as lightweight, flexibility, softness, and chemical resistance. Increasing demand for lightweight packaging in industries such as electronics, healthcare and food & beverages is projected to fuel the LDPE segment growth during the forecast period.

Packaging segment to constitute a significant market share.

Based on applications, the market is segmented into packaging and toys, cable coverings, buckets, lids, containers bottles, and films & membrane manufacture. The packaging segment is expected to constitute a significant market share during the forecast period. Increasing use of polyethylene in packaging of various products across several industries and rising e-commerce activities in emerging economies are driving the segment growth.

Asia Pacific market projected to account a large market share.

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is projected to account for a large market share during the forecast period. Rapid industrialization and changing lifestyle of consumers is driving the regional market growth. Additionally, the trend of online shopping in emerging economies such as India and China is expected to further boost the product demand in this region.

For Instance, the market in India is anticipated to expand at a healthy growth rate during the polyethylene market owing to the introduction of several government initiatives such as “Make in India” to boost the growth of the manufacturing industry. This encourages foreign market players to set up manufacturing facilities in India, taking advantage of a large consumer base, economical price of land, and low cost of labor

Segments

The global polyethylene market has been segmented on the basis of

Grades

Ultra-low-molecular-weight polyethylene (ULMWPE)
High-density cross-linked polyethylene (HDXLPE)
Ultra-high-molecular-weight polyethylene (UHMWPE)
High-molecular-weight polyethylene (HMWPE)
Chlorinated polyethylene (CPE)
Cross-linked polyethylene (PEX)
Low-density polyethylene (LDPE)
Linear low-density polyethylene (LLDPE)
Very-low-density polyethylene (VLDPE)
Medium-density polyethylene (MDPE)
High-density polyethylene (HDPE)

Applications

Packaging and Toys
Cable Coverings
Buckets
Lids
Containers Bottles
Films & membrane manufacture

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

The Dow Chemical Co.
Lone Star Chemical
BASF
Chevron Phillips Chemical Co.
Formosa Plastics
Huntsman
Ineos Olefins & Polymers
LyondellBasell
Reliance Industries
SABIC.

Competitive Landscape

Some of the key players in the global polyethylene market are The Dow Chemical Co., Lone Star Chemical, BASF, Chevron Phillips Chemical Co., Formosa Plastics, Huntsman, Ineos Olefins & Polymers, LyondellBasell, Reliance Industries, and SABIC.

Companies are focusing on product innovation to acquire a large consumer base. They are also focusing on various business strategies such as joint ventures to improve their market presence.

Polyethylene Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyethylene Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Polyethylene Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Polyethylene Market - Supply Chain
  4.5. Global Polyethylene Market Forecast
     4.5.1. Polyethylene Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Polyethylene Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Polyethylene Market Absolute $ Opportunity
5. Global Polyethylene Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Polyethylene Market Size and Volume Forecast by Applications
     5.3.1. Packaging and Toys
     5.3.2. Cable Coverings
     5.3.3. Buckets
     5.3.4. Lids
     5.3.5. Containers Bottles
     5.3.6. Films & membrane manufacture
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Polyethylene Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Polyethylene Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Polyethylene Demand Share Forecast, 2019-2026
7. North America Polyethylene Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Polyethylene Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Polyethylene Market Size and Volume Forecast by Applications
     7.4.1. Packaging and Toys
     7.4.2. Cable Coverings
     7.4.3. Buckets
     7.4.4. Lids
     7.4.5. Containers Bottles
     7.4.6. Films & membrane manufacture
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Polyethylene Demand Share Forecast, 2019-2026
8. Latin America Polyethylene Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Polyethylene Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Polyethylene Market Size and Volume Forecast by Applications
     8.4.1. Packaging and Toys
     8.4.2. Cable Coverings
     8.4.3. Buckets
     8.4.4. Lids
     8.4.5. Containers Bottles
     8.4.6. Films & membrane manufacture
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Polyethylene Demand Share Forecast, 2019-2026
9. Europe Polyethylene Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Polyethylene Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Polyethylene Market Size and Volume Forecast by Applications
     9.4.1. Packaging and Toys
     9.4.2. Cable Coverings
     9.4.3. Buckets
     9.4.4. Lids
     9.4.5. Containers Bottles
     9.4.6. Films & membrane manufacture
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Polyethylene Demand Share Forecast, 2019-2026
10. Asia Pacific Polyethylene Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Polyethylene Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Polyethylene Market Size and Volume Forecast by Applications
     10.4.1. Packaging and Toys
     10.4.2. Cable Coverings
     10.4.3. Buckets
     10.4.4. Lids
     10.4.5. Containers Bottles
     10.4.6. Films & membrane manufacture
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Polyethylene Demand Share Forecast, 2019-2026
11. Middle East & Africa Polyethylene Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Polyethylene Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Polyethylene Market Size and Volume Forecast by Applications
     11.4.1. Packaging and Toys
     11.4.2. Cable Coverings
     11.4.3. Buckets
     11.4.4. Lids
     11.4.5. Containers Bottles
     11.4.6. Films & membrane manufacture
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Polyethylene Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Polyethylene Market: Market Share Analysis
  12.2. Polyethylene Distributors and Customers
  12.3. Polyethylene Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. The Dow Chemical Co.
     12.4.2. Lone Star Chemical
     12.4.3. BASF
     12.4.4. Chevron Phillips Chemical Co.
     12.4.5. Formosa Plastics
     12.4.6. Huntsman
     12.4.7. Ineos Olefins & Polymers
     12.4.8. LyondellBasell
     12.4.9. Reliance Industries
     12.4.10. SABIC.

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