Polyethylene Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Polyethylene Market Size
Polyethylene market is projected to reach US$ 142120 million in 2029, increasing from US$ 119310 million in 2022, with the CAGR of 2.5% during the period of 2023 to 2029.

View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-6X647/Global_Polyethylene_Market_Research_Report_2020

Key drivers of the polyethylene market include growing demand from the food and packaging industry due to low costs and other benefits. Moreover, polyethylene is used in a variety of end-user industries and is manufactured using feedstock derived through coal, shale gas, etc which will create lucrative opportunities for the growth of the polyethylene market during the forecast period. Further, the advancement of technologies and the emergence of eco-friendly polyethylene will create huge scope for market growth in the coming years.
Trends Influencing the Growth of the Polyethylene Market
Growing demand from the food and packaging industry
Polyethylene or plastic is widely used as a packaging material for food and beverages. It increases the shelf life of fresh fruits, vegetables, and meat by reducing oxygen air mixture. Polyethylene provides additional benefits such as affordability, versatility, lightweight, sterile, and resistance to puncture. Plastics also prevent contamination of food items thereby taking care of consumer health and hygiene. Thus widespread application from the food and beverage industry due to numerous benefits will accelerate the growth of the polyethylene market during the forecast period.
Universal application in various end-user industries and growing feedstock manufacture
The widespread application of polyethylene will drive the demand of the market. It is used extensively for producing consumer goods such as cartons, containers, pipes, crates, dustbins, bowls, buckets. The construction industry deploys polyethylene for cables, pipes, flooring, tiles, insulation, etc. Moreover, the feedstock manufacture through easy extraction of raw materials such as crude oil, shale gas, coal will provide a cost advantage thereby driving growth. Thus end-user industry application and easy manufacturing process will aid the polyethylene market expansion in the coming years.

Get regional report
https://reports.valuates.com/request/regional/QYRE-Auto-6X647/Global_Polyethylene_Market_Research_Report_2020

Polyethylene Market By Type
• HDPE
• LLDPE
• LDPE
• Others
Polyethylene Market By Application
• Packaging
• Consumer Goods
• Construction Materials
• Others
Polyethylene Market By Companies
• Turtle Wax
• DuPont
• Exxon Mobil Corporation
• LyondellBasell
• SABIC
• Sinopec Corporation
• BP
• Ineos
• Borealis
• Total
• Shell
• National Iranian Oil Company (NIOC)
• TASCO Group
• Ente Nazionale Idrocarburi (ENI)
• CNPC

View full report
https://reports.valuates.com/market-reports/QYRE-Auto-6X647/global-polyethylene

Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.