About Polyethylene(Pe)
Polyethylene is also known as polythene. It’s made from ethylene (C2H4) monomers linked together in long chains. Different chain lengths and arrangements create various type of polyethylene with distinct properties. Polyethylene is thermoplastic polymer, meaning it can be softened by heat and molded into various shapes, then retain its shape when cooled. In fast few years global polyethylene market is significantly grow due to its recyclable properties and growing demand in various industries.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
CAGR | 4.2% |
The global polyethylene market is fragmented, with large and medium size players accounting for the majority of market profits. Many players are arranging various strategies, entering into merger and acquisition and introducing more effective polyethylene. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Polyethylene(Pe) market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Exxon Mobil Corporation (United States), Dow (United States), SABIC (Saudi Arabia), PetroChina Company Limited (China), LyondellBasell Industries Holdings BV (Netherlands), Reliance Industries Limited (India), INEOS (Switzerland), Sinopec Corp. (China), Ducor Petrochemicals (United States), Borealis AG (Denmark), TotalEnergies (France), Chevron Phillips Chemical Company LLC (United States), Borouge (United Arab Emirates), Celanese Corporation (United States), Eni S.p.A (Italy) and LG Chem (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Polyethylene(Pe) market by Type (Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), High Density Polyethylene (HDPE), Ultra-High Molecular Weight Polyethylene (UHMWPE) and Others) and Region.
On the basis of geography, the market of Polyethylene(Pe) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Polyethylene(Pe) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
The Increasing Demand of High Density Polyethylene (HDPE)
Market Growth Drivers:
The Polyethylene Market is Driven by its Extensive Usage in the Various Industries Such as Packaging, Construction and Consumer Goods and The Affordability and the Easy Availability is Significantly Drive the Growth of the Global Polyethylene Market
Challenges:
Competition from Alternative Products Such as Polypropylene & Polyethylene Terephthalate (PET)
Restraints:
A Key Challenge in Global Polyethylene Market is Ensuring a Consistent and Sustainable Supply of Raw Material and Stringent Government Regulations Related to Environment Protection
Opportunities:
Growing Demand for Convenient and Lightweight Packaging Solutions in Food, Pharmaceutical and E-commerce Sectors and Focused on Development of New Method for Polyethylene using AI Technologies
Market Leaders and their expansionary development strategies
In November 2023, Dow announced the launch of its new "RETAIN Prime" line of linear low-density PE (LLDPE) resins. These resins are designed for enhanced sustainability, offering improved recyclability and reduced greenhouse gas emissions.
In August 2023, ExxonMobil unveiled its "ExxonMobil PE Advance" portfolio of next-generation HDPE resins. These resins offer improved performance characteristics, such as higher strength and stiffness, making them suitable for demanding applications.
Food and Drug Administration (FDA): The FDA regulates PE used in food contact materials under Title 21 of the Code of Federal Regulations (CFR), specifically in 21 CFR Part 177. This part establishes specific requirements for the safe use of various plastics, including PE, in contact with food. It defines limitations for specific additives and monomers used in PE and outlines good manufacturing practices., and EU regulations: The UK currently still follows many EU regulations related to food contact materials, including plastics like PE. These regulations typically set migration limits for specific chemicals that may leach from the plastic into food. Key references include the Framework Regulation (EC) No 1935/2004 and specific directives like 2007/19/EC for plastic materials and articles intended to come into contact with food.
Key Target Audience
Polyethylene Manufacturer, End User, Government Bodies, Suppliers & Distributors, Research Organization, New Entrances, Raw Material Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.