Rise in disposable income and surge in global population are factors expected to boost global polyethylene market revenue growth over the forecast period

The global polyethylene market size is expected to reach USD 174.36 Billion n 2030 and register a revenue CAGR of 4.0% over the forecast period, according to the latest report by Reports and Data. Demand for packaged goods has been rising substantially in the past decade due to changing lifestyle of consumers and rapid expansion across various industries where polyethylene is a major raw material and these factors are expected to boost market revenue growth over the forecast period.

Some major applications of polyethylene include polyethylene sheets, packaging bottles, and polyethylene tubing. Increased demand for such products is expected to significantly drive rising demand for and use of plastic containers in various end-use industries. In addition, rapidly increasing global population is expected to boost revenue growth of the market revenue going ahead.

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Top Leading Players in The Global Polyethylene Market Are:

SABIC, Dow Chemical Company, LyondellBasell, Lone Star Chemical, Saudi Gazette KSA, Respol, Sinopec Corporation, Reliance Polymers, Exxon Mobil Corporation, and Orpic.

Some Key Highlights from the Report:

• In May 2021, LACTEL and INEOS partnered to produce world’s first HDPE milk bottles with circular polyethylene derived from post-consumer recycled material. LACTEL is the first dairy brand to explore sustainable solution of packaging. The new product will be used in Montauban production plant for an initial run.
• Polyethylene film segment accounted for a significantly large revenue share in 2020 as it is one of the most common plastic films produced and used globally. Polyethylene films are provided in rolls that are lightweight, and offer durability and excellent tape adhesion. The material is used as a protective barrier in pest control, concrete and mortar, waterproofing, exterminating, painting, and renovation applications.
• Low-density Polyethylene (LDPE) segment accounted for a significantly large revenue share in 2020. LDPE is resistant to impact, moisture, and chemicals. Most stock poly bags used to wrap a wide variety of products are made from low-density polyethylene. Flat poly bags, ziplock bags, and poly tubing are also made from LDPE. High demand for LDPE from various sectors is driving revenue growth of this segment to a significant extent.
• Polyethylene films or sheets play a major role in construction applications and are used to protect structures from water seepage. It is also used in flooring, vapor retarders, counter-top protection, window films, and in roofing. These sheets can be used to cover building materials, seal off rooms, and is used in lead abatement projects. HDPE plastic sheeting is also used to protect ground water from toxic chemicals during oil drilling or landfills.
• Europe accounted for a significantly large revenue share in 2020 due to increase in demand from the automotive industry in the region. Use of polyethylene in vehicles for its corrosion inhibition, low density, electric insulation, and excellent heat resistance is driving growth of the market. The region is registering high demand for polyethylene for packaging of beauty and skin care products, but stringent government regulations to curb usage of single-use plastic is a key factor hampering market growth.

Segments covered in the report:

Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• Resin
• Film

Product Density Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• High-Density Polyethylene (HDPE)
• Medium-Density Polyethylene (MDPE)
• Low-Density Polyethylene (LDPE)
• Others

Technology Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• Pipe Extrusion
• Blow Molding
• Injection Molding
• Films and Sheets Extrusion
• Others

End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

• Transportation
• Packaging
• Construction
• Flooring
• Roofing
• Wall
• Pipes
• Windows
• Others
• Electrical Electronics
• Washing Machines
• Microwave Ovens
• Computers
• Others
• Others

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Polyethylene Market Upcoming Growth:

The polyethylene market is expected to experience significant growth in the upcoming years. Polyethylene is a widely used thermoplastic material that is used in various industries such as packaging, construction, and automotive. The increasing demand for sustainable and cost-effective solutions, the growing population, and the rising demand for food and beverages are driving the growth of the polyethylene market.

One of the major drivers for the growth of the polyethylene market is the increasing demand for sustainable and cost-effective solutions. Polyethylene is a lightweight, durable, and recyclable material that is widely used in various applications such as packaging, construction, and automotive. The increasing focus on sustainability and the need for cost-effective solutions are driving the demand for polyethylene.

Moreover, the growing population and the rising demand for food and beverages are also driving the growth of the market. Polyethylene is used in the packaging of food and beverages to protect them from external factors such as air, moisture, and light. The increasing demand for food and beverages due to the growing population is driving the demand for polyethylene.

Additionally, the increasing investments in infrastructure development and the growing demand for construction materials are expected to drive the demand for polyethylene. Polyethylene is used in the construction industry to manufacture pipes, fittings, and insulation materials due to its lightweight and durable properties. The increasing investments in infrastructure development in developing countries and the growing demand for construction materials in developed countries are driving the demand for polyethylene.

The Asia-Pacific region is expected to be the largest market for polyethylene due to the growing population, the increasing urbanization, and the rising demand for food and beverages and construction materials in the region. The region is also home to several major manufacturers of polyethylene, which is driving the growth of the market.

Overall, the polyethylene market is expected to experience significant growth in the upcoming years due to the increasing demand for sustainable and cost-effective solutions, the growing population, and the rising demand for food and beverages and construction materials.

Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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