Press release
Polyethylene Market Size Value To Reach USD 161.08 Billion By 2032, Driven by Strong 5.2% CAGR
Polaris Market Research's latest report, titled " Polyethylene Market," 2024-2032. The report covers key success factors, market performance, risk factors, project costs and economics, expected ROI, and profit margins. The global market was valued at USD 102.07 billion in 2023 and is expected to grow to USD 161.08 billion by 2032 at a CAGR of 5.2% during the forecast period.๐๐ก๐๐ญ ๐ข๐ฌ ๐๐จ๐ฅ๐ฒ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐?
Polyethylene is one of the most normally utilized plastics globally. They normally possess a linear framework and are acknowledged as additional polymers. The principal application of these synthetic polymers is in packaging. Polyethelyne is frequently utilized to render plastic bags, bottles, plastic films, containers, and geomembranes. It can be observed that over 100 million tonnes of polyethelyne are generated on a yearly basis for materialistic and industrial motives. The majority of polyethylenes are thermoplastic.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/polyethylene-market/request-for-sample
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ญ๐๐ ๐จ๐ซ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
The market is reasonably merged and anticipated to register contention with augmentation ventures. Key companies in the polyethelyne market are mentioned below:
โข Chevron Phillips Chemical Company (US)
โข China Petrochemical Corporation (China)
โข Exxon Mobil Corporation (US)
โข Formosa Plastics Corporation (Taiwan)
โข Ineos Group Holdings (UK)
โข LyondellBasell Industries NV (UK)
โข Mitsui Chemicals Inc. (Japan)
โข Petronas Chemicals Group (Malaysia)
โข SABIC (Saudi Arabia)
โข Sasol Ltd. (South Africa)
โข Sumitomo Chemical (Japan)
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ:
The market is expanding due to the growing production of plastics. The lesser intricacy of producing polyethelyne is additionally augmenting its availability and budgeting in the global market. As per the Observer Research Foundation, plastic production has escalated from 230 million tonnes at the commencement of the 20th century to 450 million tonnes prior to the pandemic.
Moreover, polyethelyne is acquiring acquisition in the packaging industry. This is credited to its weightlessness and cost effectiveness. Resilient attributes of HDPE-dependent polyethelyne and shredded and puncture-proof are additionally pushing their utility in the garbage, grocery, and retail bags.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.polarismarketresearch.com/industry-analysis/polyethylene-market/inquire-before-buying
๐๐จ๐ฅ๐ฒ๐๐ญ๐ก๐ฒ๐ฅ๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข HDPE segment is anticipated to witness the highest growth in the coming years due to its superior performance in protecting from extreme weather events.
โข Injection molding segment accounted for the largest market share owing to its lower cost of production.
โข Packaging segment is projected to experience a larger revenue share due to the increasing demand for consumer goods.
โข APAC is projected to register the fastest growth during the forecast period, attributable to the rising number of companies opting for eco-friendly packaging.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โข North America makes up the majority of the market. This is propelled by the growing acquisition of plastics in automotive, agriculture, electronics, consumer goods, and packaging, together with the improved obtainability of escalating production ventures.
โข Throughout the projection period, it is expected that the Asia Pacific market will grow at a faster CAGR. This results from the altering consumer inclination towards eco-friendly commodity packaging and generating an approved ambiance for the market in the region.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/polyethylene-market
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Polyethylene, Type Outlook
โข LDPE
โข MDPE
โข HDPE
Polyethylene, Technology Outlook
โข Films & Sheets Extrusion
โข Pipe Extrusion
โข Injection Molding
โข Blow Molding
โข Others
Polyethylene, End-User Outlook
โข Packaging
โข Consumer Goods
โข Healthcare and Pharmaceuticals
โข Building and Construction
โข Agriculture
โข Automotive
โข Electronics
โข Household Application
โข Others
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐๐ซ๐จ๐ฆ ๐๐ข๐๐๐๐ซ๐๐ง๐ญ ๐๐ฎ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ:
Caprolactam Market: https://www.globenewswire.com/news-release/2024/09/20/2949647/0/en/Caprolactam-Market-Size-is-Projected-to-be-US-33-97-Billion-by-2032-at-a-CAGR-of-4-7-from-2024-to-2032-Polaris-Market-Research.html
Specialty Super Absorbent Polymer Market: https://www.globenewswire.com/news-release/2024/09/12/2945177/0/en/Specialty-Super-Absorbent-Polymer-Market-Size-Estimated-to-be-Worth-USD-2-351-17-Million-By-2032-with-6-3-CAGR-Polaris-Market-Research.html
Polyurethane (Pu) Market: https://www.globenewswire.com/news-release/2024/09/04/2940538/0/en/Polyurethane-Market-Size-is-estimated-to-be-USD-118-46-billion-by-2032-with-a-CAGR-of-5-4-Polaris-Market-Research.html
Industrial Lubricants Market: https://www.globenewswire.com/news-release/2024/09/04/2940607/0/en/Industrial-Lubricants-Market-Set-to-Reach-USD-68-42-Billion-by-2032-Growing-at-a-CAGR-of-3-4-Polaris-Market-Research.html
Coating Additives Market: https://www.globenewswire.com/news-release/2024/09/03/2939708/0/en/Coating-Additives-Market-Size-to-Hit-USD-11-86-Billion-by-2032-with-a-CAGR-of-4-4-Polaris-Market-Research.html
๐๐จ๐ง๐ญ๐๐๐ญ:
Likhil G
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavour to deliver value-added business solutions to PMR's customers.
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