Polyethylene Market Overview:
According to the Market Research Future, the global market of Polyethylene is booming and expected to gain further prominence over the forecast period. The market is forecasted to demonstrate enormous growth by 2023, surpassing its previous growth records in terms of value with a whooping CAGR during the estimated period (2018 – 2025). The Global Polyethylene market’s revenue contribution is expected to increase by a substantial monetarily growth by end of the 2023, with a considerable expansion rate during the period 2018 to 2025.
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.
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Polyethylene Market Key Players:
Some of the prominent players operating in the global polyethylene market are;
- The Dow Chemical Company (U.S)
- LyondellBasell Industries Holdings B.V (the Netherlands)
- Exxon Mobil Corporation (U.S.)
- SABIC (Saudi Arabia)
- INEOS (Switzerland)
- BASF SE (Germany)
- Eni S.p.A. (Italy)
- LG Chem (South Korea)
- Chevron Phillips Chemical Company (U.S.)
- LANXESS (Germany)
Polyethylene Market Segments:
Polyethylene is segmented on the basis of type and applications; by type the Polyethylene market is segmented as high-density polyethylene, Low density polyethylene, linear low-density polyethylene and medium density polyethylene, on the basis of applications the Polyethylene market is segmented as packaging, construction, consumer goods, pharmaceuticals and others.
Polyethylene Market Regional Analysis:
Asia pacific has dominated the market for Polyethylene with the largest market share, accounting for astronomical amounts and is expected to grow further by 2027, North-America and Europe are the growing market for Polyethylene and are expected to grow at a substantial CAGR during 2016 to 2027.
Attributing to the augmented demand for plastic in electronic products, developing economies of APAC region; such as India and China are expiring a rapid growth. This demand is expected to heighten further during the forecasted period.
Polyethylene Market Table of Content to be Continue….,
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