The global polyethylene market is anticipated to grow at a CAGR of around 6.0% during the forecast period 2020 to 2027 and to reach around US$ 4.8 Bn by 2027.
Market Dynamics
Flourishing automotive sector across the globe with the manufacturers approach towards lowering the weight of vehicle is resulting in demand for polyethylene (PE) which is a major factor expected to drive the growth of global market. There is gradual increase in passenger vehicle sale in developing countries with the manufacture focus on lowering the vehicle weights is resulting in demand for PE.
Rapid advancement in packaging technology, developing e-commerce sector in developing countries is resulting in demand for smart and reliable packaging solution this is another important factor expected to support the growth of target market. In addition, major players approach towards new product launches in order to increase the customer base is another factor expected to support the growth of global market.
Major players are focused on business development activities through strategic merger and acquisitions in order to enhance the product portfolio and increase the profit ratio is another major factor expected to augment the growth of global market.
However, factors such as fluctuating raw material prices and stringent government regulation related to product approval are expected to hamper the growth of global polyethylene (PE) market. In addition, rising environment safety regulation and rules related to production of PE is another factor expected to challenge the growth of target market.
Innovative product offerings by major players and inclination towards development of bio-based and bio-degradable polyethylene are factors responsible to create new opportunities for players operating in the target market over the forecast period. In addition, players approach toward emerging economies due to easy availability of raw material and low cost labor is expected to further revenue support the target market growth.
Polyethylene (PE) Market Segment Analysis, 2019
The global polyethylene (PE) market is segmented into product and application. The product segment is further bifurcated into high-density polyethylene (HDPE), low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE). Among application the automotive segment is expected to account for significant revenue share in the global market.
Segment Analysis by Region
The market in North America is expected to account for significant revenue share owing to rising demand for automotive and packaging industry. In addition, presence of major players operating in the country and business development activities is expected to support the growth of target market.
Asia Pacific is expected to witness faster growth in the near future owing to increasing construction activities and high demand for PE form construction product manufacturers. In addition, developing e-commerce sector and demand for reliable packing solution is another factor expected to support the growth of regional market.
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
Market |
Global Polyethylene (PE) Market |
Analysis Period |
2016 – 2027 |
Base Year |
2019 |
Forecast Data |
2020 – 2027 |
Market Stratification |
Product, Application and Geography |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
The market research study on “Polyethylene (PE) Market (Product: High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), and Linear Low-Density Polyethylene (LLDPE); Application: Protective Packaging, Automotive, Building & Construction, Footwear, Sports & Recreational, Medical, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global cement market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global cement market segment by product, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global cement market size and segment markets by product, application and geography along with the information on companies operating in the market. The cement market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Zotefoams Plc., Armacell, JSP, The Dow Chemical Company, Sealed Air Corporation, INOAC Corporation, Thermotec, Wisconsin Foam Products, Trecolan GmbH, and PAR Group.
Market Segmentation
Market By Product
Market By Application
Market By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Flourishing automotive sector across the globe with the manufacturers approach towards lowering the weight of vehicle is resulting in demand for polyethylene (PE) which is a major factor expected to drive the growth of global market.
The global polyethylene market size is expected to reach around US$ 4.8 Bn by 2027.
The global polyethylene market is anticipated to grow at a CAGR of around 6.0% during the forecast period 2020 to 2027.
By application the automotive segment is expected to account for significant revenue share in the global market.
The market in North America is expected to account for significant revenue share owing to rising demand for automotive and packaging industry.
Asia Pacific is expected to witness faster growth in the near future owing to increasing construction activities and high demand for PE form construction product manufacturers.
The players profiled in the report Zotefoams Plc., Armacell, JSP, The Dow Chemical Company, Sealed Air Corporation, INOAC Corporation, Thermotec, Wisconsin Foam Products, Trecolan GmbH, and PAR Group.