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Polyethylene Market Size Value To Reach USD 161.08 Billion By 2032, Driven by Strong 5.2% CAGR

09-25-2024 01:24 PM CET | Chemicals & Materials

Press release from: Polaris Market Research & Consulting

Polyethylene Market Size Value To Reach USD 161.08 Billion

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.

๐–๐ก๐š๐ญ ๐ข๐ฌ ๐๐จ๐ฅ๐ฒ๐ž๐ญ๐ก๐ฒ๐ฅ๐ž๐ง๐ž?

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.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/polyethylene-market/request-for-sample

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐จ๐ง ๐‚๐š๐ญ๐ž๐ ๐จ๐ซ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง:

The market is reasonably merged and anticipated to register contention with augmentation ventures. Key companies in the polyethelyne market are mentioned below:

โ€ข Chevron Phillips Chemical Company (US)
โ€ข China Petrochemical Corporation (China)
โ€ข Exxon Mobil Corporation (US)
โ€ข Formosa Plastics Corporation (Taiwan)
โ€ข Ineos Group Holdings (UK)
โ€ข LyondellBasell Industries NV (UK)
โ€ข Mitsui Chemicals Inc. (Japan)
โ€ข Petronas Chemicals Group (Malaysia)
โ€ข SABIC (Saudi Arabia)
โ€ข Sasol Ltd. (South Africa)
โ€ข Sumitomo Chemical (Japan)

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐จ๐ฌ๐ฉ๐ž๐œ๐ญ๐ฌ ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ:

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.

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ฉ๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž: https://www.polarismarketresearch.com/industry-analysis/polyethylene-market/inquire-before-buying

๐๐จ๐ฅ๐ฒ๐ž๐ญ๐ก๐ฒ๐ฅ๐ž๐ง๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข HDPE segment is anticipated to witness the highest growth in the coming years due to its superior performance in protecting from extreme weather events.

โ€ข Injection molding segment accounted for the largest market share owing to its lower cost of production.

โ€ข Packaging segment is projected to experience a larger revenue share due to the increasing demand for consumer goods.

โ€ข APAC is projected to register the fastest growth during the forecast period, attributable to the rising number of companies opting for eco-friendly packaging.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข 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.

โ€ข 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.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/polyethylene-market

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

Polyethylene, Type Outlook
โ€ข LDPE
โ€ข MDPE
โ€ข HDPE

Polyethylene, Technology Outlook
โ€ข Films & Sheets Extrusion
โ€ข Pipe Extrusion
โ€ข Injection Molding
โ€ข Blow Molding
โ€ข Others

Polyethylene, End-User Outlook
โ€ข Packaging
โ€ข Consumer Goods
โ€ข Healthcare and Pharmaceuticals
โ€ข Building and Construction
โ€ข Agriculture
โ€ข Automotive
โ€ข Electronics
โ€ข Household Application
โ€ข Others

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐š๐ ๐ž ๐Ÿ๐ซ๐จ๐ฆ ๐ƒ๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐ญ ๐๐ฎ๐›๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ:
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

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

๐€๐›๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก & ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐ˆ๐ง๐œ:
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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