Polyethylene Market Size is projected to reach USD 157.76 Billion by 2031, growing at a CAGR of 4.4%: Straits Research

New York, United States, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Polyethylene is the world's most widely used plastic, made from natural gas and crude oil. Many industrial industries use plastic significantly, including those in the automobile, pharmaceutical, packaging, and electronics sectors. It is a possible source of flexible, waterproof, high-strength, and chemical-resistant material that is also flexible and resistant to chemicals.

Plastics Europe reports that in 2018, there was an increase in worldwide plastic production from 348 million tonnes to 360 million tonnes, with around 80 million tonnes of that being polyethylene. The market is expanding due to the development of abrasion-resistant plastic and its use in prosthetic joints and bulletproof vests. The ASEAN Federation of Plastics Industries (AFPI), the Philippines Plastics Industry Association (PPIA), and the Thai Plastic Industries Association (TPIA) are recent international trade agreements that support market expansion.

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Rising Adoption Of E.V.s And Smart Packaging Are the Factors That Fuels the Market Growth
Due to strict government regulations protecting the automotive industry, manufacturers have been forced to switch to electric and hybrid vehicles to reduce CO2 emissions. Due to its excellent impact resilience, low density, and solid durability, polyethylene is the material of choice for constructing electrical insulation and glass-reinforced automotive bodywork. Particularly for electric vehicles, the market has seen a significant increase in demand for lightweight parts and components. Global sales of electric vehicles in 2018 were over 3.29 million units. Polyethylene is, therefore, an O.E.M. cost-effective solution. Global demand for portable, exceptionally packaged food is increasing as customer preferences change. Due to its strength, adaptability, and sustainability, polyethylene has become increasingly popular in innovative packaging. As a moisture scavenger, antimicrobial, odor remover, and temperature controller, it is frequently used in producing films for food packaging (frozen, dry goods, etc.).

However, the availability of alternatives like polypropylene and polyethylene terephthalate endangers the market's expansion (P.E.T.). The market expansion is expected to be constrained by the impact resistance, chemical resistance, flexibility, moldability, and low cost of these plastic kinds, similar to P.E. 
Report Scope

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Regional Insights
Asia-Pacific now dominates the polyethylene market will keep doing so during the projection period. About 37% of the world's polyethylene production was produced in Asia, with China holding about 16.2% of that proportion. Due to increased FDIs in the industrial sector, China, Vietnam, Indonesia, and Thailand are at the forefront of industrialization. Due to their economic liberalization and progress, nations like Myanmar, Cambodia, and the Philippines have good potential for market growth, which has increased the entrance of FDI into those nations. The plastics sector in Vietnam is expanding exponentially. The plastics industry is one of the fastest-growing sectors, with an average annual growth rate of 16–18%, according to the Vietnam Plastics Association (VPA). Vietnamese population increase is also supporting market expansion.
Government policies that support the plastic industry are propelling it in Indonesia. By 2030, Indonesia is anticipated to become the seventh-largest economy in the world. According to the Indonesian Packaging Association, food packaging makes up over 70% of all plastic consumption, further fueling market expansion.

The second-largest market share belongs to Europe. It is anticipated that Europe will have robust growth with a CAGR during the forecast period. This is a result of the increasing demand for cars in the area. The usage of polyethylene in automobiles, which has good heat resistance, low density, electrical insulation, and corrosion resistance, has fueled the expansion of this market. A developing understanding of the chemical's low density, high thermal resistance, corrosion inhibition, and electric insulation is also anticipated to help the polymer's uptake.

North America is expected to have significant market growth worldwide. The U.S. accounted for the highest share of this market because of the strong demand for this polymer from the healthcare & pharmaceuticals, electrical & electronics, packaging, and automotive industries. The growth of the market would also be boosted by the expansion of this region's electrical, electronics, automotive, and medical industries, as well as the rising demand for consumer goods. The region's strong demand from the consumer goods, automotive, electronics & electrical, packaging, pharmaceutical, and healthcare industries is expected to facilitate material adoption in North America.

The rising demand from the packaging and consumer products industries is one of the main factors affecting growth in the Middle East and Africa. The market in this region is expected to grow due to factors such as rising urbanization, the demand for safe and helpful packaging, and the growth of the packaging industry. In Latin America, the market is expected to increase. Brazil is the largest country in this region. Due to its exceptional strength and durability, the material is used in the region for various purposes, including bottles, plastic bags, and construction components.

Key Highlights

• The global Polyethylene market size is projected to reach a value of USD 157.76 billion by 2031, registering a CAGR of 4.4% during the forecast period 2023-2031.
• By grade, it is further segmented into Low-Density Polyethylene and High-Density Polyethylene, where low-density polyethylene holds a significant share. 
• Based on end-user, the market is further divided into Packaging, Consumer good, Automotive, Building & Construction, Healthcare, and Electronics. Electronics dominate the market.
• Depending on the region, the market is analyzed in North America, Asia-Pacific, Europe, and LAMEA. Asia-Pacific dominates the market.

Competitive Landscape
The major players in the market are Eni S.p.A., Lone Star Chemical, The Dow Chemical Co., BASF SE, Braskem, Chevron Phillips Chemical Co., Formosa Plastics, Huntsman, Ineos Olefins & Polymers, LyondellBasell, Reliance Industries, SABIC, L.G. Chem.

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Global Polyethylene Segmentation
By Grade

• Low-density polyethylene (LDPE)
• High-density polyethylene (HDPE)
• Linear low-density polyethylene (LLDPE)

By End-User

• Packaging
• Consumer goods
• Automotive
• Building & construction
• Healthcare
• Electronics

By Process

• Film
• Extrusion
• Blow molding
• Injection molding

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East
• Africa

TABLE OF CONTENT

1. EXECUTIVE SUMMARY
2. RESEARCH SCOPE & SEGMENTATION
   1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered
3. MARKET OPPORTUNITY ASSESSMENT
   1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM
4. MARKET TRENDS
   1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors
5. MARKET ASSESSMENT
   1. Porters Five Forces Analysis
   2. Value Chain Analysis
   3. Raw Material Analysis
   4. Sales And Distribution Channel Analysis
   5. Trade Analysis
   6. M & A Agreements & Collabration Analysis
   7. Export Import Analysis
   8. Cost Structure Analysis
6. ESG TRENDS
7. GLOBAL POLYETHYLENE MARKET SIZE ANALYSIS
   1. Global Polyethylene Market Introduction
   2. By Grade
      1. Introduction
         1. Grade By Value
      2. Low-Density Polyethylene (LDPE)
         1. By Value
      3. High-Density Polyethylene (HDPE)
         1. By Value
      4. Linear Low-Density Polyethylene (LLDPE)
         1. By Value
   3. By End-User
      1. Introduction
         1. End-User By Value
      2. Packaging
         1. By Value
      3. Consumer Goods
         1. By Value
      4. Automotive
         1. By Value
      5. Building & Construction
         1. By Value
      6. Healthcare
         1. By Value
      7. Electronics
         1. By Value
   4. By Process
      1. Introduction
         1. Process By Value
      2. Film
         1. By Value
      3. Extrusion
         1. By Value
      4. Blow Molding
         1. By Value
      5. Injection Molding
         1. By Value
8. NORTH AMERICA MARKET ANALYSIS
   1. Introduction
   2. By Grade
      1. Introduction
         1. Grade By Value
      2. Low-Density Polyethylene (LDPE)
         1. By Value
      3. High-Density Polyethylene (HDPE)
         1. By Value
      4. Linear Low-Density Polyethylene (LLDPE)
         1. By Value
   3. By End-User
      1. Introduction
         1. End-User By Value
      2. Packaging
         1. By Value
      3. Consumer Goods
         1. By Value
      4. Automotive
         1. By Value
      5. Building & Construction
         1. By Value
      6. Healthcare
         1. By Value
      7. Electronics
         1. By Value
   4. By Process
      1. Introduction
         1. Process By Value
      2. Film
         1. By Value
      3. Extrusion
         1. By Value
      4. Blow Molding
         1. By Value
      5. Injection Molding
         1. By Value
   5. U.S.
      1. By Grade
         1. Introduction
            1. Grade By Value
         2. Low-Density Polyethylene (LDPE)
            1. By Value
         3. High-Density Polyethylene (HDPE)
            1. By Value
         4. Linear Low-Density Polyethylene (LLDPE)
            1. By Value
      2. By End-User
         1. Introduction
            1. End-User By Value
         2. Packaging
            1. By Value
         3. Consumer Goods
            1. By Value
         4. Automotive
            1. By Value
         5. Building & Construction
            1. By Value
         6. Healthcare
            1. By Value
         7. Electronics
            1. By Value
      3. By Process
         1. Introduction
            1. Process By Value
         2. Film
            1. By Value
         3. Extrusion
            1. By Value
         4. Blow Molding
            1. By Value
         5. Injection Molding
            1. By Value
   6. Canada
9. EUROPE MARKET ANALYSIS
   1. Introduction
   2. By Grade
      1. Introduction
         1. Grade By Value
      2. Low-Density Polyethylene (LDPE)
         1. By Value
      3. High-Density Polyethylene (HDPE)
         1. By Value
      4. Linear Low-Density Polyethylene (LLDPE)
         1. By Value
   3. By End-User
      1. Introduction
         1. End-User By Value
      2. Packaging
         1. By Value
      3. Consumer Goods
         1. By Value
      4. Automotive
         1. By Value
      5. Building & Construction
         1. By Value
      6. Healthcare
         1. By Value
      7. Electronics
         1. By Value
   4. By Process
      1. Introduction
         1. Process By Value
      2. Film
         1. By Value
      3. Extrusion
         1. By Value
      4. Blow Molding
         1. By Value
      5. Injection Molding
         1. By Value
   5. U.K.
      1. By Grade
         1. Introduction
            1. Grade By Value
         2. Low-Density Polyethylene (LDPE)
            1. By Value
         3. High-Density Polyethylene (HDPE)
            1. By Value
         4. Linear Low-Density Polyethylene (LLDPE)
            1. By Value
      2. By End-User
         1. Introduction
            1. End-User By Value
         2. Packaging
            1. By Value
         3. Consumer Goods
            1. By Value
         4. Automotive
            1. By Value
         5. Building & Construction
            1. By Value
         6. Healthcare
            1. By Value
         7. Electronics
            1. By Value
      3. By Process
         1. Introduction
            1. Process By Value
         2. Film
            1. By Value
         3. Extrusion
            1. By Value
         4. Blow Molding
            1. By Value
         5. Injection Molding
            1. By Value
   6. Germany
   7. France
   8. Spain
   9. Italy
   10. Russia
   11. Nordic
   12. Benelux
   13. Rest Of Europe
10. APAC MARKET ANALYSIS
    1. Introduction
    2. By Grade
       1. Introduction
          1. Grade By Value
       2. Low-Density Polyethylene (LDPE)
          1. By Value
       3. High-Density Polyethylene (HDPE)
          1. By Value
       4. Linear Low-Density Polyethylene (LLDPE)
          1. By Value
    3. By End-User
       1. Introduction
          1. End-User By Value
       2. Packaging
          1. By Value
       3. Consumer Goods
          1. By Value
       4. Automotive
          1. By Value
       5. Building & Construction
          1. By Value
       6. Healthcare
          1. By Value
       7. Electronics
          1. By Value
    4. By Process
       1. Introduction
          1. Process By Value
       2. Film
          1. By Value
       3. Extrusion
          1. By Value
       4. Blow Molding
          1. By Value
       5. Injection Molding
          1. By Value
    5. China
       1. By Grade
          1. Introduction
             1. Grade By Value
          2. Low-Density Polyethylene (LDPE)
             1. By Value
          3. High-Density Polyethylene (HDPE)
             1. By Value
          4. Linear Low-Density Polyethylene (LLDPE)
             1. By Value
       2. By End-User
          1. Introduction
             1. End-User By Value
          2. Packaging
             1. By Value
          3. Consumer Goods
             1. By Value
          4. Automotive
             1. By Value
          5. Building & Construction
             1. By Value
          6. Healthcare
             1. By Value
          7. Electronics
             1. By Value
       3. By Process
          1. Introduction
             1. Process By Value
          2. Film
             1. By Value
          3. Extrusion
             1. By Value
          4. Blow Molding
             1. By Value
          5. Injection Molding
             1. By Value
    6. Korea
    7. Japan
    8. India
    9. Australia
    10. Taiwan
    11. South East Asia
    12. Rest Of Asia-Pacific
11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Grade
       1. Introduction
          1. Grade By Value
       2. Low-Density Polyethylene (LDPE)
          1. By Value
       3. High-Density Polyethylene (HDPE)
          1. By Value
       4. Linear Low-Density Polyethylene (LLDPE)
          1. By Value
    3. By End-User
       1. Introduction
          1. End-User By Value
       2. Packaging
          1. By Value
       3. Consumer Goods
          1. By Value
       4. Automotive
          1. By Value
       5. Building & Construction
          1. By Value
       6. Healthcare
          1. By Value
       7. Electronics
          1. By Value
    4. By Process
       1. Introduction
          1. Process By Value
       2. Film
          1. By Value
       3. Extrusion
          1. By Value
       4. Blow Molding
          1. By Value
       5. Injection Molding
          1. By Value
    5. UAE
       1. By Grade
          1. Introduction
             1. Grade By Value
          2. Low-Density Polyethylene (LDPE)
             1. By Value
          3. High-Density Polyethylene (HDPE)
             1. By Value
          4. Linear Low-Density Polyethylene (LLDPE)
             1. By Value
       2. By End-User
          1. Introduction
             1. End-User By Value
          2. Packaging
             1. By Value
          3. Consumer Goods
             1. By Value
          4. Automotive
             1. By Value
          5. Building & Construction
             1. By Value
          6. Healthcare
             1. By Value
          7. Electronics
             1. By Value
       3. By Process
          1. Introduction
             1. Process By Value
          2. Film
             1. By Value
          3. Extrusion
             1. By Value
          4. Blow Molding
             1. By Value
          5. Injection Molding
             1. By Value
    6. Turkey
    7. Saudi Arabia
    8. South Africa
    9. Egypt
    10. Nigeria
    11. Rest Of MEA
12. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Grade
       1. Introduction
          1. Grade By Value
       2. Low-Density Polyethylene (LDPE)
          1. By Value
       3. High-Density Polyethylene (HDPE)
          1. By Value
       4. Linear Low-Density Polyethylene (LLDPE)
          1. By Value
    3. By End-User
       1. Introduction
          1. End-User By Value
       2. Packaging
          1. By Value
       3. Consumer Goods
          1. By Value
       4. Automotive
          1. By Value
       5. Building & Construction
          1. By Value
       6. Healthcare
          1. By Value
       7. Electronics
          1. By Value
    4. By Process
       1. Introduction
          1. Process By Value
       2. Film
          1. By Value
       3. Extrusion
          1. By Value
       4. Blow Molding
          1. By Value
       5. Injection Molding
          1. By Value
    5. Brazil
       1. By Grade
          1. Introduction
             1. Grade By Value
          2. Low-Density Polyethylene (LDPE)
             1. By Value
          3. High-Density Polyethylene (HDPE)
             1. By Value
          4. Linear Low-Density Polyethylene (LLDPE)
             1. By Value
       2. By End-User
          1. Introduction
             1. End-User By Value
          2. Packaging
             1. By Value
          3. Consumer Goods
             1. By Value
          4. Automotive
             1. By Value
          5. Building & Construction
             1. By Value
          6. Healthcare
             1. By Value
          7. Electronics
             1. By Value
       3. By Process
          1. Introduction
             1. Process By Value
          2. Film
             1. By Value
          3. Extrusion
             1. By Value
          4. Blow Molding
             1. By Value
          5. Injection Molding
             1. By Value
    6. Mexico
    7. Argentina
    8. Chile
    9. Colombia
    10. Rest Of LATAM
13. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Polyethylene Market Share By Manufacturers
    3. Polyethylene Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
14. MARKET PLAYERS ASSESSMENT
    1. Eni S.P.A.
       1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developmments
    2. Lone Star Chemical
    3. The Dow Chemical Co.
    4. BASF SE
    5. Braskem
    6. Chevron Phillips Chemical Co.
    7. Formosa Plastics
    8. Huntsman
    9. Ineos Olefins & Polymers
    10. LyondellBasell
    11. Reliance Industries
    12. SABIC
    13. LG Chem
15. RESEARCH METHODOLOGY
    1. Research Data
       1. Secondary Data
          1. Major Secondary Sources
          2. Key Data From Secondary Sources
       2. Primary Data
          1. Key Data From Primary Sources
          2. Breakdown Of Primaries
       3. Secondary And Primary Research
          1. Key Industry Insights
    2. Market Size Estimation
       1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection
    3. Research Assumptions
       1. Assumptions
    4. Limitations
    5. Risk Assessment
16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
17. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/polyethylene-market/toc

Market News

• Eni purchased a 65% stake in Hergo Renewables S.P.A. in September 2022 to join a new collaboration with Infrastructure S.p.A. to develop solar and wind power projects in Italy and Spain. Hergo Renewables S.P.A. operates a portfolio of projects in the two nations with a combined capacity of about 1.5 GW. Infrastructure will continue to own the remaining 35% of the equity.
• Dow selected A.B. Specialty Silicones as its authorized distributor for the North American elastomeric roof coating industry in November 2022.
• Dow will release a new generation of high-bonding adhesives for E.V. batteries in November 2022.
• Cooperation on stationary storage solutions for renewable energy projects between BASF and G-Philos is escalating as of November 2022.
• Elastollan® T.P.U. from BASF was upgraded to a superior grade in November 2022, allowing for the safer and more reliable charging of electric vehicles.
• In China, BASF will establish a surface treatment research and technology hub for Chemetall in October 2022.

News Media

Global Ultra-High Molecular Weight Polyethylene Market Worth USD 5.51 Billion By 2030 | CAGR of 12.75%

Global Thermoplastic Polyurethane (TPU) Market Grows Steadily at a CAGR of 7.20%

Have a Look at the Related Research Report

Recycled Plastic Market: Information by Product (Polyethylene, Polyethylene Terephthalate), Source (Plastic Bottles, Plastic Films), Application (Building & Construction, Packaging, Electrical), and Region — Forecast till 2030

Ultra-High Molecular Weight Polyethylene Market: Information by Form (Sheets, Films), Application (Medical Grade & Prosthetics, Water Treatment), and Region — Forecast till 2030

Polyethylene Terephthalate Market: Information by Application (Packaging, Films & Sheets), Packaging Application (Bottled Water, Juices, Alcoholic Beverages, Food Packaging), Region – Forecast Till 2031

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