openPR Logo
Press release

Polyethylene Market 2018 Key Leading Industry Players -BASF SE, BP Plc, INEOS, Saudi Basic Industries Corporation, Petronas 

02-23-2018 08:36 AM CET | Industry, Real Estate & Construction

Press release from: Market Research Future

Polyethylene Market

Polyethylene Market

Polyethylene Market – Market Overview

Considered as the largest polymer Polyethylene is widely consumed across an array of industries viz. plastic & packaging, automotive, construction, electrical & electronics, furniture, and consumer goods among others. Primarily, the demand for Polyethylene Market is propelled by the increasing consumption of plastics products across the globe.

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1056

In terms of supply and demand of raw material used for polyethylene, China holds a significant market share globally. Although China lags in terms of oil & gas reserves, the country is rich in coal. To reduce the dependency on ethylene imports and produce self-sufficient amount of ethylene and ethylene derivatives, China is opting for production of ethylene from coal. China’s coal to olefins is a multi-step process wherein coal is converted to syngas, which is converted to methanol; methanol is thereafter converted to olefins (ethylene and propylene). Ethylene output capacity from various coal to olefins plants in China is estimated to be around 1.6 million tons. Additionally, upcoming naphtha cracker expansions in 2017 and 2018 in China, South Korea and Malaysia is expected to add 1.4 million tons/year of ethylene capacity in the Asia Pacific region. An abundant supply of feedstock i.e. ethane from shale gas in the US has resulted in the major capacity expansion of ethylene in the North America region. For instance, Dow Chemical’s 0.25 million metric tons/year ethylene expansion at its Louisiana operations complex in Plaquemine set for completion by end-2017.However, tomorrow’s demand for ethylene is expected majorly from the emerging markets.

Protuberant factors associated with the growth of Global Polyethylene Market includes the pulsating demand for various type of polyethylene (HDPE, MDPE, LDPE, LLDPE) across an array of industries. Among the various end-use industries, packaging sector accounts for the largest market share in terms of consumption of Polyethylene, which is followed by construction and automotive sector. Regional dynamics include the regained stability of economy in the developed markets such as North America and Europe, which in turn is witnessing increasing construction and growth in manufacturing sector. Whereas, the emerging markets are expected to register significant growth rates in the coming years, owing to the rapid urbanisation and industrialisation in the region. Furthermore, an increasing middle class income and spending on white goods can be further attributed to the market’s growth in emerging markets.

Polyethylene Market – Competitive Analysis

As discussed earlier, the demand for Polyethylene is expected from the emerging economies such as China, India and ASEAN. China is poised to grow at a CAGR of nearly 7 %, whereas, India is expected to grow at a CAGR of nearly 9%. With new avenues for polyethylene the major trend observed among manufacturers are capacity additions.

Foreseeing the demand manufacturers in China are increasing its capacity for ethylene production with major capacity additions ready to commence production in first quarter of 2018, 2019, 2021, 2023. China poised to raise its ethylene capacity by 71%. For instance, CNOOC Limited capacity addition of ethylene which is scheduled to commence production from the 2018Q1.

Similarly, recently merged DowDuPont announced its new integrated world scale ethylene and propylene production facility in Texas. The plant will produce 400,000 MT polyethylene resin for flexible food and industrial packaging applications.

Access Complete Report @ https://www.marketresearchfuture.com/reports/polyethylene-market-1056

Industry/ Innovation/ Related News:

November, 2017- DowDuPont announced its new integrated world scale ethylene and propylene production facility in Texas. The plant will produce 400,000 MT polyethylene resin for flexible food and industrial packaging applications.

October, 2017-, Reliance Industries Ltd., commenced production in new ethane-based polyethylene plant located in Gujarat, India. The plant comprises of 550 ‘000 MT/year LLDPE line and 400 ‘000 MT/year LDPE unit. The company is targeting the African and South Asia market with this strategic expansion.

September, 2016-, GAIL India Ltd., commenced production of polyethylene in its Pata petrochemical in Uttar Pradesh, India. An additional 400,000 tonnes/year increasing the company’s total production capacity to 810,000 tonnes/year. The expansion was in line with the increasing demand for polyethylene from new market avenues.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polyethylene Market 2018 Key Leading Industry Players -BASF SE, BP Plc, INEOS, Saudi Basic Industries Corporation, Petronas  here

News-ID: 954894 • Views:

More Releases from Market Research Future

Global Small Boat Industry Sees Growing Demand Amid Rising Recreational Boating and Coastal Activities
Global Small Boat Industry Sees Growing Demand Amid Rising Recreational Boating …
As per the latest analysis by Market Research Future, the Small Boats Market Size was estimated at 17.12 (USD Billion) in 2024. The Small Boats Market Industry is expected to grow from 17.88 (USD Billion) in 2025 to 26.41 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 4.43% during the forecast period (2025 - 2034). The global small boat industry is witnessing significant growth, driven
Automotive Trim Market Attaining USD 193.22 Billion till 2034 | Innovations Redefine Vehicle Aesthetics and Functionality
Automotive Trim Market Attaining USD 193.22 Billion till 2034 | Innovations Rede …
As per the latest analysis by Market Research Future, the Automotive Trim Market Size was estimated at 140.30 (USD Billion) in 2024. The Automotive Trim Market Industry is expected to grow from 144.87 (USD Billion) in 2025 to 193.22 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 3.25% during the forecast period (2025 - 2034). The automotive industry is witnessing a significant transformation in vehicle
Leading Automotive Technology Firms Expand Fuel Level Sensor Solutions for Next-Generation Vehicles | Robert Bosch Gmbh, Technoton
Leading Automotive Technology Firms Expand Fuel Level Sensor Solutions for Next- …
As per the latest analysis by Market Research Future, Automotive Fuel Level Sensor Market Size was valued at USD 5,788.04 million in 2024. The Automotive Fuel Level Sensor market industry is projected to grow from USD 6,008.32 million in 2025 to USD 9,201.90 million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.35% during the forecast period (2024 - 2035). With the global automotive industry focused on precision,
Valet Parking Technology Gains Momentum as Urban Mobility and Smart Infrastructure Evolve | Market Growth with 15.62% CAGR
Valet Parking Technology Gains Momentum as Urban Mobility and Smart Infrastructu …
As per the latest analysis by Market Research Future, the Valet Parking Technology Market Size was estimated at 1.41 (USD Billion) in 2024. The Valet Parking Technology Market Industry is expected to grow from 1.63 (USD Billion) in 2025 to 6.01 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 15.62% during the forecast period (2025 - 2034). Valet parking technology is emerging as a transformative

All 5 Releases


More Releases for Polyethylene

Polyethylene Glycol Market Report 2024 - Polyethylene Glycol Market Share And Tr …
"The Business Research Company recently released a comprehensive report on the Global Polyethylene Glycol Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample
GLOBAL POLYETHYLENE PIPES MARKET | KEY PLAYERS POLYETHYLENE (HDPE), LOW DENSITY …
Data Bridge market Research has released a new report on Global Polyethylene Pipes Market which incorporates a thorough assessment of overall Global Polyethylene Pipes Market The report provides a detailed competitive analysis which includes the profiles of key market players and organizations and their working strategies. The report consists of essential data and information about the concerned Global Polyethylene Pipes Market. For better understanding complex Global Polyethylene Pipes Market data
Peelable and Resealable Films Market material type Polyethylene terephthalate (P …
High-end Packaging Convenience Propelling the Peelable and Resealable Films Market Keeping perishable goods fresh for an extended period of duration is one of the prime concerns across all major industries. The search for sustainable and user-friendly packing options for the last few decades in the packaging industry have led to a wide range of peelable and resealable film packages. Most of the packages primarily include adhesive tapes and zips. In the
Bulk Liquid Containers Market is Segmented By material Type - Plastic (Polyvinyl …
Global Bulk Liquid Containers Market - Overview: Bulk liquid containers is an industrial grade container mounted on a pallet which is used for the storage and transportation of bulk liquid. Bulk liquid containers also known as tote, are capable of stacking and are moved by using a pallet jack or forklift. Bulk liquid containers can be classified into rigid bulk liquid containers and flexible bulk liquid containers. Rigid Bulk liquid containers
Bulk Liquid Containers Market is Segmented By material Type - Plastic (Polyvinyl …
Global Bulk Liquid Containers Market - Overview: Bulk liquid containers is an industrial grade container mounted on a pallet which is used for the storage and transportation of bulk liquid. Bulk liquid containers also known as tote, are capable of stacking and are moved by using a pallet jack or forklift. Bulk liquid containers can be classified into rigid bulk liquid containers and flexible bulk liquid containers. Rigid Bulk liquid containers
Cross-linked Polyethylene Market
Polyethylene are low cost commodity plastics that can be reused due to its thermoplastic nature. Cross-linking of polyethylene helps enhance its thermal resistance and the end product so obtained is transformed from thermoplastic to thermosetting plastic. Download PDF Brochure : www.coherentmarketinsights.com/insight/request-pdf/329 Plumbing was the largest application segment in the global cross linked polyethylene market in 2016 and is expected to retain its dominance throughout the forecast period. Conventionally used plumbing materials such