High-Performance Polyethylene Market Future of Market Size How Data Analytics is Driving Business Growth

According to a recent report by Allied Market Research, the global high-performance polyethylene market reached $1.1 billion in 2020 and is projected to reach $2.6 billion by 2030, with a compound annual growth rate (CAGR) of 9.1% from 2021 to 2030.

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The growth of the high-performance polyethylene market can be attributed to the increasing demand for electric and electronic products, textiles, and food and agrochemicals worldwide. However, concerns about the long-term health effects of high-performance polyethylene and the emergence of eco-friendly agricultural products are expected to hinder market growth. On the other hand, advancements in electrical and construction technologies are likely to create new opportunities for market players in the future.

COVID-19 also had a short-term positive impact on the high-performance polyethylene market. The surge in demand for personal protective equipment (PPE) and disposable plastics during the pandemic boosted market growth. However, the excessive use of single-use plastics during this time also led to concerns about its environmental impact.

The report segments the global high-performance polyethylene market based on analysis application, end-user industry, and region.

Based on application, the protective coating segment accounted for around one-third of the market in 2020. However, the sports equipment segment is expected to grow at the highest CAGR of 10.6% during the forecast period.

In terms of end-user industry, the food and beverages segment was the largest in 2020, accounting for more than one-fourth of the market. The textile industry is projected to register the highest CAGR of 11.1% during the forecast period.

Regionally, Europe held the largest market share in 2020, accounting for nearly one-third of the market. The Asia-Pacific region is expected to exhibit the highest CAGR of 10.5% from 2021 to 2030.

The report also profiles key players in the global high-performance polyethylene market, including TEIJIN LIMITED, the Dow Chemical Company, DSM, Celanese, LyondellBasell, Braskem, Asahi Kasei Corporation, Sabic, Mitsui Chemicals, Inc., and Artek, Inc.

Obtain Report Details: https://www.alliedmarketresearch.com/high-performance-polyethylene-market-A13144

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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