Downstream Polyethylene Market accounted for US$ 173.71 Billion 2020 and is estimated to be US$ 104.3 Billion 2030 with a CAGR of 5.7%. The polyethylene market is projected to grow significantly during the forecast period due to rapid urbanization and industrialization. The expansion of the packaging industry is predicted to be another factor that can augment the polyethylene market size in the coming period.
The report " Global Downstream Polyethylene Market, By Type ((Low-density polythene (LDPE), Medium-density polythene (MDPE), High-density polythene (HDPE)), By Technology (Films & Sheets Extrusion, Pipe Extrusion, Injection Molding, Blow Molding and Others), By End-user (Packaging, Construction, Automobile, Electrical & Electrics, Household Applications and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”
Key Highlights:
· The introduction of bio-degradable polythene in the market has boosted the downstream polythene market.
· The film and sheet extrusion has power to lead the polythene market in the upcoming period.
Analyst View:
Agricultural sector has propelled this market due to rise in demand of nozzles and drippers at irrigation fields. The rise in usage of micro tubes and emitting pipelines is one of the factors for boosting this market. Surge in the of manufacturing toys, fashion apparel, and sports goods also help in increasing the downstream polythene market.
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Key Market Insights from the report:
Downstream Polyethylene Market accounted for US$ 173.71 Billion 2020 and is estimated to be US$ 104.3 Billion 2030 with a CAGR of 5.7%. Global Downstream Polyethylene Market is segmented based on the type, technology, end-user and region.
· By Type, the Global Downstream Polyethylene Market is segmented into Low-density polythene (LDPE), Medium-density polythene (MDPE), High-density polythene (HDPE).
· By Technology, the market is segmented in Films & Sheets Extrusion, Pipe Extrusion, Injection Molding, Blow Molding and Others.
· By End-user, Global Downstream Polyethylene Market is segmented into Packaging, Construction, Automobile, Electrical & Electrics, Household Applications and Others.
· By region, Global Downstream Polyethylene Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:
The key players operating in Global Downstream Polyethylene Market include Exxon Mobil Corporation (US), Formosa Plastics Corporation (Taiwan) LyondellBasell Industries NV (Netherlands), China Petroleum Corporation (China), Sasol Ltd (South Africa), INEOS Group Holdings SA (UK), SABIC (Saudi Arabia), Sumitomo Chemical Co., Ltd (Japan), Petronas Chemicals Group Berhad (Malaysia), Mitsui Chemicals Inc. (Japan), Chevron Phillips Chemical Company (US), and DowDuPont (US).
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
