Global PE Resins Market to Grow at 3.5% CAGR and Reach US$ 180 Bn by 2027

A new research study titled, “PE Resins Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)” has been added to the research repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global PE resins market is likely to grow at 3.5% CAGR during the assessment period and reach a valuation of over US$ 180 Bn.

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The business intelligence study offers in-depth analysis and insights on the key factors that are likely to fuel demand for PE resins during the assessment period. According to the research study, the prevailing low crude oil prices have led to a decline in the cost of PE resins. This has created both challenges and opportunities for PE resin manufacturers.

According to the report, growing applications of PE resins in packaging, construction, and building sectors is likely to provide an impetus to the growth of the market. PE resin companies are focusing on offering novel and customized solutions to improve their range of offerings across a range of end-use industries.

In a bid to offer readers in-depth and comprehensive insights, the research study on PE resins offers detailed segment-wise analysis and forecast. The report has segmented the market on the basis of resin type, end use, and region. By resin type, demand for HDPE and LLDPE continues to remain robust among end-users. According to the report, demand for HDPE is likely to reach nearly US$ 82 Mn by the end of the forecast period.

By end use, the research study forecasts packaging segment to lead the market with a high revenue share. According to the research study, demand for PE resins from the packaging industry is likely to create significant growth opportunities for manufacturers during the assessment period.

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By region, Asia Pacific excluding Japan (APEJ) is likely to remain one of the leading markets for PE resins globally. The demand for PE resins in APEJ is likely to remain significant in China and India. The APEJ PE resins market in APEJ is likely to grow at 5% CAGR during the assessment period. The report recommends manufacturers to work on increasing their footprint in the APEJ region.

The business intelligence study also offers in-depth analysis on the product and business strategies of some of the leading players in the market. The key players profiled in the research study include  Exxon Mobil Corp., E.I. du Pont de Nemours & Co., LyondellBasell Industries NV, LG Chem Ltd., Formosa Plastics Corporation, The Dow Chemical Company, Braskem S.A, Saudi Arabia Basic Industries Corporation, Ineos Group Limited, LANXESS Corporation, Chevron Phillips Chemical Co. LLC, Saudi International Petrochemical Company – Sipchem, Borouge, Versalis S.p.A., NOVA Chemicals Corporation

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This release was published on openPR.