Global Polyethylene Market: Competitive Intelligence and Company Profiles | Worldwide Forecast by 2023

The global polyethylene market was valued at US$ 170 Bn in 2018 and is expected to reach US$ 206 Bn by the end of the forecast period, growing at a CAGR of 4% during the period from 2018 to 2023.

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The notable players in the polyethylene market are BASF SE (US), INEOS (UK), BP Plc (UK), SABIC (Saudi Arabia), Dow Chemical (US), Exxon Mobil Corporation (US), LyondellBasell (The Netherlands), and Reliance Industries (India), amongst others.

The polyethylene market report company profiles will include key information about companies including company description, base of operations, operational presence, product/business portfolio, employee strength, list of key stakeholders and board of directors, organizational structure, key competitors and their details, financial information such as revenue growth, profit margin, market capitalization, market positioning of key players, share price comparison, SWOT analysis, key developments, business strategies and analysts’ views. The information for individual companies has been derived through financial reports, paid databases, and company news articles, among others.

Polyethylene Market Manufacturers Analysis
LyondellBasell is one of the leading manufacturers of polyethylene. The company annually produces 12 billion pounds of all forms of polyethylene. It produces around 7 billion pounds of HDPE annually, which includes the company’s share of capacity in its joint-ventures.

Most of these companies are entering into the plastics recycling business. For instance, LyondellBasell recently entered into a joint venture with SUEZ and both the companies will have 50-50 partnership in Quality Circular Polymers (QCP), which will be a plastics recycling company in the Netherlands. In January 2019, 30 companies including Total, Dow Chemicals, LyondellBasell, and other manufacturers of plastics raised a sum of $1 billion to set up an organization to eliminate plastic waste in the environment, especially in the oceans. Most of the companies are also exploring inorganic opportunities for retaining their share in the market. The leading companies have entered into partnerships with a lot of regional manufacturers of polyethylene around the world.

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Recent Developments in the Market:
LyondellBasell: In May 2017, LyondellBasell commences the construction of its Hyperzone PE plant in its La Porte complex. The Hyperzone PE plant at the La Porte complex will be capable of producing 500,000 metric tons of high-density polyethylene annually. The will utilize the company’s proprietary Hyperzone PE technology. The new technology will result in enhanced material performance. This technology will help the company’s customers to produce, lightweight yet strong plastics that are durable, cost-effective, and widely recyclable. The completion of this plant will enable the company to almost double its annual PE manufacturing capacity to about 900,000 metric tons, at the La Porte complex.

ExxonMobil: In Sep 2018, ExxonMobil is considering a “multibillion-dollar” chemical complex in Guangdong province in China. The chemical complex will include a flexible feed steam cracker with a capacity of 1.2m tonne/year, along with polyethylene and polypropylene units. The project is expected to start in 2023. The starting of a new steam cracker will help in ramping up the polyethylene production.

• Who are the key competitors of companies with respect to their products, revenue, geographic presence, and market positioning?
• How is a particular company performing against its competitors?
• What are the Strengths, Weaknesses, Opportunities, and Challenges for major companies in the market?
• What are the strategies for growth adopted by the companies in the market?
• Market positioning of the players with respect to business strength and product portfolio?
• What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)
• How is the market players’ presence with respect to region and segment?
• Who are the key customers of the market?

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Related Reports on Polyethylene Market:

Global Polyethylene Market Full Report
Global Polyethylene Market Summary Report
Global Polyethylene Market Segmentation Report
Global Polyethylene Market Regional Report
Global Polyethylene Market Statbook

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