Polyethylene Market (By Product: High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE); By Application: Protective Packaging, Automotive, Building & Construction, Footwear, Sports & Recreational, Medical, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

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.

• In 2019, Toppan Printing Co., Ltd. launched GL-X-LE a PE barrier films for mono-material packaging. This can be used for products such as dry baby food, beef jerky and granola bars. This is expected to increase the company product portfolio and enhance the customer base.

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.

• In 2019, Chevron Phillips Chemical Co. acquired Nova Chemicals Corp. a chemical manufacturing company that operates seven manufacturing sites in Canada and the United States. This acquisition will help the company to strengthen its position in PE market in North America

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

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

• High-Density Polyethylene (HDPE)
• Low-Density Polyethylene (LDPE)
• Linear Low-Density Polyethylene (LLDPE)

Market By Application

• Protective Packaging
• Automotive
• Building & Construction
• Footwear, Sports & Recreational
• Medical
• Others

Market By Region

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA