The global polyethylene market, during the forecast period 2018 to 2025, will register growth at a CAGR of 5.82%. The market for polyethylene is set to reach US$1,83,724.4 million by 2025. As per market analysts, the global market is anticipated to witness growth owing to the factors such as significant contribution of agriculture sector as well as the rising demand for nozzles and drippers. However, the market will face challenges and restraints due to PE substitutes such as; polypropylene and the unstable prices of raw materials during the forecast period 2018 to 2025.
The increasing production of microtubes and emitting pipes in the market is set to play a key role in determining the growth potential during 2018 to 2025years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the market is poised to grow at a fast pace across type, end-users, and technology segments, factors such as substitutes like polyethylene terephthalate (PET) could slow down the market's growth worldwide.
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Market Segmentation
The polyethylene market has been segmented into type, end-users, and technology. Based on the segment which is type, the market is categorized on the basis of high-density polyethylene (HDPE)., low-density polyethylene (LDPE), and medium-density polyethylene (MDPE). The global polyethylene market for polyethylene is further segmented based on end-users into automotive, construction, electrical & electronics, household applications, packaging, and others. Furthermore, the market, on the basis of technology, is segmented into blow molding, includes films & sheets extrusion, injection molding, pipe extrusion, and others.
The global market research report covers all the aspects of the market based on the segmental analysis of these type, end-users, and technology segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The type, end-users, and technology segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the polyethylene market.
Regional Overview
The availability of substitutes may hinder the polyethylene market growth. The market research report suggests that companies in the market could be supported by the accelerated manufacturing of toys as well as introduction of biodegradable polyethylene during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The polyethylene market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for polyethylene during the forecast period 2018 to 2025. As per market analysts, the market is set to witness tremendous growth across type, end-users, and technology segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the market are also analyzed and studied in the market research report.
The polyethylene market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others.
Competitive Landscape
Polyethylene has seen increased demand over the years, due to development of bio-degradable polyethylene and growing demand across fashion apparel and sports goods. Companies functioning in the global polyethylene market are also being challenged due to the imposition of stringent rules & regulations and the growing environmental protection and health awareness. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2018 to 2025. As the market is set to register a high CAGR of 5.82% and is also anticipated to reach a US$1,83,724.4 million by 2025, the report highlights key areas companies need to focus on. The report suggests that the market will see a healthy growth in the long run till 2025. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the polyethylene market report. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2018 to 2025.
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Industry News
PreZero US Inc. has confirmed the completion of a deal in the Southern California recycling corporation to equity investments polyethylene film and bag manufacturers Roplast Industries Inc. headquartered in Oroville, California. The purchase of Roplast is the next phase in the aggressive development plan of PreZero. PreZero revealed its investments in plastics recycling plants on both shores in 2020 in the sum of more than $100 million. The facilities in Jurupa Valley, CA and Westminster, SC are now operative and are available. This state-of-the-art installations process LDPE, PP & HDPE resins in film and blended rigid plastic balls.
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