What promotes the growth of Polyethylene market?

Polyethylene Market Snapshot:

Polyethylene is the world’s most-used plastic, derived from natural gas and crude oil. The plastic is extensively used by several processing industries such as automotive, pharmaceutical, packaging, and electronics. It is considered as a potential source of high-strength and chemical resistant material with flexibility, low moisture absorption ability, and waterproof.

Changing consumer preference is surging the demand for on-the-go and safe packaged food across the globe. Polyethylene has gained traction in smart packaging due to its durability, flexibility, and sustainability. It is widely used in manufacturing films for food packaging (frozen, dry goods, etc.) as moisture scavenger, antimicrobial, odour removal, and temperature control.

As recorded by Plastics Europe, the global plastic production increased from 348 million tons to 360 million tons in 2018, of which polyethylene accounted for about 80 million tons. The development of abrasion resistant plastic and its applications in bulletproof vests and artificial joints drives the market growth.  New international trade pacts such as the ASEAN Federation of Plastics Industries (AFPI), Philippines Plastics Industry Association (PPIA), the Thai Plastic Industries Association (TPIA), provides impetus to the market growth.

Leading market players are channelizing efforts to reduce their carbon footprint. Recently, Braskem, one of the leading polyethylene producers, invested about USD 290 million in the green-ethylene plant. The plant is equipped with advanced technologies that have the potential to produce polyethylene from sugarcane extracts. Today, recyclable polyethylene plastic is extensively used in the end-user industries over conventional polyethylene, further driving the market growth.

Stringent government regulation guarding the automotive industry has compelled the manufacturers to shift towards electric and hybrid vehicles to curb CO2 emissions. Polyethylene exhibits properties such as high impact resilience, low-density, and solid durability making it ideal for the manufacturing of glass-reinforce car bodies and electrical insulation. The market has been witnessing a significant surge in the demand for lightweight components and auto-parts, especially for electric vehicles. In 2018, around 3.29 million electric vehicles were sold across the globe. Thus, polyethylene is a cost-effective solution for OEMs.

The low-density polyethylene segment is projected to hold the highest market share during the forecast period. They are extensively used in a wide range of products, which include blown and cast film, extrusion and coating, and rotational and injection molding. Additionally, they are commonly used in manufacturing containers, dispensing bottles, tubing, plastic bags for computer components, and various molded laboratory equipment.
Globally, the prevalence of chronic diseases has been increasing at a concerning rate. This is further increasing the number of surgeries and the adoption of advanced medical devices across the globe. As per the European Federation of Pharmaceutical Industries and Associations (EFPIA), in 2017, North America accounted for about 48.1% of the world’s pharmaceutical sales. The rising demand for pharma products is surging the use of high-density polyethylene for the manufacturing of containers as it possesses transparency and clarity, stiffness, and moisture vapor transmission properties.

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The Major Prominent Players Covered in this Report:
Eni S.p.A.
Lone Star Chemical
The Dow Chemical Co.
BASF SE
Braskem
Chevron Phillips Chemical Co.
Formosa Plastics
Huntsman
Ineos Olefins & Polymers
LyondellBasell
Reliance Industries
SABIC
LG Chem

By Grade, Low-density polyethylene (LDPE), High-density polyethylene (HDPE), Linear low-density polyethylene (LLDPE), By End-User, Packaging, Consumer goods, Automotive, Building & construction, Healthcare, Electronics, By Process, Film, Extrusion, Blow molding, Injection molding

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Polyethylene in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Polyethylene market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Polyethylene and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Polyethylene. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Polyethylene market growth rate?
What are the key factors driving the global Polyethylene market?
Who are the key manufacturers in the Polyethylene market space?
What are the market opportunities, market risk, and market overview of the Polyethylene market?
What are sales, revenue, and price analysis of top manufacturers of the Polyethylene market?
Who are the distributors, traders, and dealers of the Polyethylene market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Polyethylene Industry?
What are sales, revenue, and price analysis by regions of Polyethylene industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Polyethylene Market Trends:
- The report identifies, determines, and forecasts the Global Polyethylene Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Polyethylene Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Polyethylene Market.

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