Market Research Future Published a Research Study on Polyethylene Market Research Report - Forecast to 2025
Industry News:
Expansion moves and establishment of new setups to expedite the production process are primary strategies of these players. In August 2018, ExxonMobil announced an investment of USD 1.9 billion to expand their current facility in Texas to meet the demand. In the same year, LyondellBasell declared that they bought A. Schulman, Inc. a notable name in the supply of high-performance plastic compounds, composites, and powders.
Polyethylene Market Overview:
The global polyethylene market is expected to surpass USD 1,83,724.4 million valuation during the forecast period (2018-2025) with a decent CAGR of 5.82%. Market Research Future (MRFR) in its report includes segmental details, competitive analysis, expert inputs, and industry drivers of the polyethylene market.
Polyethylene is an inseparable and irreplaceable part of our life. Recyclable, Cost Effective, Low cost, versatile, yet easily process able Polyethylene offers innumerable products that are useful in our day to day life. And has line of applications across industries. Due to which the global Polyethylene market has seen a positive growth over the past couple of years and is expected to grow further during the forecast period. Improved polymerization catalyst technology and emerging ethylene feedstock are the growing trends in the market.
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The polyethylene (PE) market is gaining grounds across verticals owing to it receiving support from industrialization, which has metamorphosed life into a fast-paced one. Urbanization is quickly becoming the spell to move forward which has squarely impacted innovation and allows it in tandem to grow. The packaging industry has been interminably linked with this kind of life. Polyethylene (PE), also known as polythene, has evolved as a spindle here. Among factors, alongside packaging, the construction sector is also boosting the polyethylene market significantly. It has also pervaded the manufacturing process of pipes, barrier films, curing material, protective sheeting, and others. In packaging, food & beverage, personal & home care, and pharmaceutical sectors are providing thrust to the polyethylene market. The material is gaining leverage owing to its superior performance, cost-effectiveness, resistance to moisture & chemicals and durability.
Polyethylene are used in a wide array of segments which offers significant properties such as excellent lightweight, durable, and moisture resistance to the final product. Furthermore, it provides versatility and reliability to the product.
Polyethylene Market Key Players:
Players in the polyethylene market report that have significant impacts are Formosa Plastics Corporation (Taiwan), China Petrochemical Corporation (China), Petronas Chemicals Group Berhad (Malaysia), Exxon Mobil Corporation (the U.S.), Mitsui Chemicals Inc. (Japan), LyondellBasell Industries NV (the Netherlands), SABIC (Saudi Arabia), Sumitomo Chemical Co. Ltd (Japan), DowDuPont (the U.S.), Sasol Ltd. (South Africa), INEOS Group Holdings SA (the U.K.), Chevron Phillips Chemical Company (the U.S.), and others.
Polyethylene Market Regional Analysis:
Region-specific analysis of the polyethylene market spans across North America, Latin America, Asia Pacific (APAC), Europe, and Middle East & Africa (MEA).
The APAC region is leading the market with a worth of USD 56,216.8 million and which can go up to USD 85,957.3 million with the fastest CAGR of 6.25% during the forecast period. Emerging economies in the region such as India, China, Indonesia, and others are witnessing industrial upheaval which is giving a tailwind to the regional polyethylene market. Urbanization is also seeing rapid growth which is proving to be beneficial for the regional market.
Europe has the second biggest market, and it can scale valuation of USD 36,490.5 million by 2025 with a CAGR of 5.53%. It is followed by North America which can mount a valuation of USD 34,551.2 million with a 5.72% CAGR during the forecast period.
Polyethylene Market Table Of Contents to be Continue…….,
Browse key industry insights spread across 252 pages with 318 market data tables & 18 figures & charts from the report, “Polyethylene Market Global Segmented by Type (LDPE, MDPE, HDPE), Technology (Films & Sheets Extrusion, Pipe Extrusion, Injection Molding, Blow Molding) End-User (Packaging, Construction, Automotive, Electrical & Electronics, Household Applications) and Region - Growth Potential, Price Trends, Competitive Market Share & Forecast, 2025” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/polyethylene-market-1056
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