Insights on the Polyethylene Global Market to 2027 – Featuring LyondellBasell Industries, SABIC, Repsol and ExxonMobil Among Others

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Dublin, Sept. 30, 2022 (GLOBE NEWSWIRE) — The “Global Polyethylene Market: Analysis By Demand, By Production, By Product Density, By Application, By Region Size & Forecast with Impact Analysis of COVID-19 and Forecast up to 2027” report has been added to ResearchAndMarkets.com’s offering.

Polyethylene, often known as polythene, is the most common type of plastic on the planet. This is also a commonly used polymer that is chemically produced from ethylene. Polyethylene is utilized in a number of items, including plastic containers, plastic films, and plastic bags, since it can be easily remolded after being melted into liquid.

In 2021, the global polyethylene market was valued at US$139.95 billion, and is probable to reach US$186.16 billion by 2027. Also, global polyethylene market by demand reached 109.32 million tonnes in 2021 and is anticipated to reach 140.01 million tonnes by 2027.

Growth and expansion of industries like electrical & electronics, packaged food & beverages and automotive in most of the nations is likely to impact global polyethylene market.

Upsurge in disposable income and increasing single-person households would impact demand for polyethylene in the coming years. The polyethylene market is projected to grow at a CAGR of 4.87%, during the forecast period of 2022-2027. In 2021, the global polyethylene market by production stood at 108.69 million tonnes and is forecasted to grow to 134.84 million tonnes by 2027.

Market Segmentation Analysis:

  • By Product Density: The report splits the global polyethylene market into three different product density: High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE) and Linear Low Density Polyethylene (LLDPE). The High Density Polyethylene (HDPE) segment held approximately 43% of the share of the polyethylene market in 2021. The HDPE market experienced growth in the historical years, due to several factors such as expanding end-use industry, growing demand for polyethylene and rise in technological advancements in production of HDPE.
  • By Application: The report divides the global polyethylene market into five applications: Packaging, Construction, Household, Agriculture and Others. Packaging segment held the maximum share of 60% in the global polyethylene market. The growing food and beverages industry and growing concern towards the environment is primarily boosting the demand for polyethylene packaging.
  • By Region: According to this report, the global polyethylene market can be divided into four major regions: Asia Pacific (China, Japan, India, South Korea and Rest of Asia Pacific), North America (The US, Canada and Mexico), Europe (Germany, UK, France, Spain, Italy and Rest of Europe), and Rest of the World. The Asia Pacific polyethylene market enjoyed the market share of 51% in 2021, primarily owing to inexpensive and affordable quality of polyethylene to most producers who use polyethylene as a raw material for other plastic products.

Global Polyethylene Market Dynamics:

  • Growth Drivers: Packaged food improves the shelf life of product, provides relevant information about its ingredients along with convenience of consumption to customers. High-density polyethylene (HDPE) is used in food packaging of products like squeeze butter, chocolate syrups, vinegar, milk jugs etc. Thus, creating demand for polyethylene. Further, the market is expected to increase due to escalating single-person household, upsurge in e-commerce sales, rising urbanization, surge in disposable income, surging application of polyethylene in agriculture, etc.
  • Challenges: The polyethylene production process mainly begins with petroleum, commonly referred to as crude oil. The use of crude oil as a raw material in the manufacturing of polyethylene indicates that any changes in price of crude oil would impact demand and price of polyethylene. Some other challenges that polyethylene market face are degrading impact on environment, etc.
  • Trends: A major trend gaining pace in polyethylene market is increasing demand for plastic films. The demand for plastic films is expected to positively impact polyethylene market as it is utilized in the plastic film manufacturing process. Plastic films are used in various applications such as plastic bags, packaging, photographic film and labels. More trends in the market are believed to augment the growth of polyethylene market during the forecasted period include rising cultivation of cannabis (Hemp & Marijuana), etc.

Impact Analysis of COVID-19 and Way Forward:

The outbreak of the COVID-19 pandemic increased polyethylene use. The quick development in demand for online sales channels in numerous industries such as food and beverages, consumer goods, and pharmaceuticals has greatly boosted polyethylene packaging use. Polyethylene’s versatility, strength, low cost, and light weight made it a popular packaging material, particularly for food and beverage products.

Furthermore, the fast rise of online food delivery services has greatly increased demand for polyethylene packaging. Polyethylene has negative environmental effects, yet its use is predicted to increase significantly due to its widespread use in numerous industries throughout the world.

Key players of the polyethylene market are:

  • LyondellBasell Industries
  • SABIC
  • Repsol Group
  • ExxonMobil Corporation
  • INEOS Group Holdings S.A.
  • MOL Group
  • The Dow Chemical Company
  • Borealis AG
  • Reliance Industries Limited
  • Braskem S.A
  • LG Corporation (LG Chem Ltd.)
  • Borouge
  • Formosa Plastics Corp
  • Chevron Phillips Chemical Co.
  • China Petrochemical Corporation (SINOPEC)

Key Topics Covered:

1. Executive Summary

2. Introduction
2.1 Polyethylene: An Overview
2.2 Polyethylene Segmentation: An Overview
2.2.1 Polyethylene Segmentation

3. Global Market Analysis
3.1 Global Polyethylene Market: An Analysis
3.2 Global Polyethylene Market: Product Density Analysis
3.3 Global Polyethylene Market: Application Analysis
3.4 Global Polyethylene Market Demand: An Analysis
3.5 Global Polyethylene Market Demand: Product Density Analysis
3.6 Global Polyethylene Market Production: An Analysis
3.7 Global Polyethylene Market Production: Product Density Analysis

4. Regional Market Analysis
4.1 Asia Pacific Polyethylene Market: An Analysis
4.1.1 Asia Pacific Polyethylene Market: An Overview
4.1.2 Asia Pacific Polyethylene Market by Value
4.1.3 Asia Pacific Polyethylene Market by Demand
4.1.4 Asia Pacific Polyethylene Market by Region (China, Japan, India, South Korea and Rest of Asia Pacific)
4.1.5 Asia Pacific Polyethylene Market Demand by Region (China, and Rest of Asia Pacific)
4.1.6 China Polyethylene Market by Value
4.1.7 China Polyethylene Market by Demand
4.1.8 India Polyethylene Market by Value
4.1.9 Japan Polyethylene Market by Value
4.1.10 South Korea Polyethylene Market by Value
4.1.11 Rest of Asia Pacific Polyethylene Market by Value
4.1.12 Rest of Asia Pacific Polyethylene Market by Demand
4.2 North America Polyethylene Market: An Analysis
4.2.1 North America Polyethylene Market: An Overview
4.2.2 North America Polyethylene Market by Value
4.2.3 North America Polyethylene Market by Demand
4.2.4 North America Polyethylene Market by Region (The US, Canada and Mexico)
4.2.5 The US Polyethylene Market by Value
4.2.6 Canada Polyethylene Market by Value
4.2.7 Mexico Polyethylene Market by Value
4.3 Europe Polyethylene Market: An Analysis
4.3.1 Europe Polyethylene Market: An Overview
4.3.2 Europe Polyethylene Market by Value
4.3.3 Europe Polyethylene Market by Demand
4.3.4 Europe Polyethylene Market by Region (Germany, France, UK, Italy, Spain and Rest of Europe)
4.3.5 Germany Polyethylene Market by Value
4.3.6 UK Polyethylene Market by Value
4.3.7 France Polyethylene Market by Value
4.3.8 Italy Polyethylene Market by Value
4.3.9 Spain Polyethylene Market by Value
4.3.10 Rest of Europe Polyethylene Market by Value
4.4 Rest of the World Polyethylene Market: An Analysis
4.4.1 Rest of the World Polyethylene Market: An Overview
4.4.2 Rest of the World Polyethylene Market by Value
4.4.3 Rest of the World Polyethylene Market by Demand

5. Impact of COVID-19
5.1 Impact of COVID-19 on Polyethylene Market
5.1.1 Impact of COVID-19 on Polyethylene
5.1.2 Impact of COVID-19 on Packaging Industry
5.1.3 Effect of Global Pandemic on Medical Industry
5.1.4 Automotive Industry & COVID-19 Crisis
5.1.5 Post COVID-19 Impact

6. Market Dynamics
6.1 Growth Drivers
6.1.1 Upsurge in E-Commerce Sales
6.1.2 Escalating Single-Person Households
6.1.3 Upsurge in Demand for Plastic Bags & Sacks
6.1.4 Increase in Demand for Packaged Food
6.1.5 Rapid Urbanization
6.1.6 Surge in Disposable Income
6.1.7 Surging Application of Polyethylene in Agriculture
6.2 Challenges
6.2.1 Fluctuating Crude Oil Prices
6.2.2 Degrading Impact on Environment
6.3 Market Trends
6.3.1 Rising Cultivation of Cannabis (Hemp & Marijuana)
6.3.2 Increasing Demand for Plastic Films

7. Competitive Landscape
7.1 Global Polyethylene Market Players: A Financial Comparison

8. Company Profiles
8.1 LyondellBasell Industries
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy
8.2 SABIC
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy
8.3 Repsol Group
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy
8.4 ExxonMobil Corporation
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy
8.5 INEOS Group Holdings S.A.
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy
8.6 MOL Group
8.6.1 Business Overview
8.6.2 Operating Segments
8.6.3 Business Strategy
8.7 The Dow Chemical Company
8.7.1 Business Overview
8.7.2 Operating Segments
8.7.3 Business Strategy
8.8 Borealis AG
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy
8.9 Reliance Industries Limited
8.9.1 Business Overview
8.9.2 Operating Segments
8.9.3 Business Strategy
8.10 Braskem S.A
8.10.1 Business Overview
8.10.2 Operating Segments
8.10.3 Business Strategy
8.11 LG Chem Ltd.
8.11.1 Business Overview
8.11.2 Operating Segments
8.11.3 Business Strategy
8.12 Borouge
8.12.1 Business Overview
8.12.2 Business Strategy
8.13 Formosa Plastics Corp
8.13.1 Business Overview
8.13.2 Business Strategy
8.14 Chevron Phillips Chemical Co.
8.14.1 Business Overview
8.14.2 Business Strategy
8.15 China Petrochemical Corporation (SINOPEC)
8.15.1 Business Overview
8.15.2 Business Strategy

For more information about this report visit https://www.researchandmarkets.com/r/2f1upm


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