Product Code: GVR-4-68040-259-2
Polyethylene Market Growth & Trends:
The global polyethylene market size is anticipated to reach USD 213.77 billion by 2030, growing at a CAGR of 5.0% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is driven by the increasing consumption of plastics in the automotive, medical, construction, and electrical & electronics industries. Moreover, the increasing demand for lightweight materials in the automotive industry contributes to industry growth. Polyethylene (PE) is commonly used for manufacturing lightweight plastics, films, and foams used in vehicles.
The emphasis of the automotive industry on enhancing the fuel efficiency of vehicles by reducing their weight leads to the adoption of PE in this industry. As recycling technologies advance, the PE market adapts to integrate more recycled content into its products, contributing to a more circular and resource-efficient approach. Government policies and regulations supporting sustainable practices further bolster the demand for recycled PE. The circular economy encourages the collection, separation, and reprocessing of used PE products, diverting them from landfills.
Polyethylene Market Report Highlights:
- High-density Polyethylene (HDPE) dominated the product segment with more than 49.0% share in 2023. The demand for efficient and long-lasting solutions in water infrastructure and agriculture enhances the growth prospects of the HDPE segment
- The Linear Low-density Polyethylene (LLDPE) type segment is expected to grow at the fastest CAGR of 5.5% over the forecast period
- The bottles & containers application segment held a substantial market share in 2023. The sustainability trend in the packaging industry contributes to the growth of this segment
- The use of recyclable materials is growing due to environmental concerns. The recyclability and compatibility of PE with recycling processes are essential for eco-conscious industries and consumers
- Asia Pacific dominated the global market in 2023. The growing manufacturing industry in Asia Pacific is anticipated to drive the demand for PE
- In October 2023, Borealis AG and TotalEnergies SE announced plans to construct a USD 1.4 billion Borstar PE unit within their Baystar joint venture. This PE unit, boasting a capacity of 625,000 metric tons annually, marks a significant increase, doubling the current production capabilities at the Baystar site including two existing PE production units
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Polyethylene Market Variables, Trends & Scope
- 3.1. Global Polyethylene Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Product Outlook
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Substitution Threat
- 3.6.4. Threat from New Entrant
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technological Landscape
- 3.7.5. Environmental Landscape
- 3.7.6. Legal Landscape
Chapter 4. Polyethylene Market: Product Outlook Estimates & Forecasts
- 4.1. Polyethylene Market: Material Movement Analysis, 2023 & 2030
- 4.2. Low-density Polyethylene (LDPE)
- 4.2.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 4.3. High-density Polyethylene (HDPE)
- 4.3.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Linear Low-density Polyethylene (LLDPE)
- 4.4.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Polyethylene Market: Application Outlook Estimates & Forecasts
- 5.1. Polyethylene Market: Application Analysis, 2023 & 2030
- 5.2. Bottles & Containers
- 5.2.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Films & Sheets
- 5.3.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Bags & Sacks
- 5.4.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Pipes & Fittings
- 5.5.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Other Applications
- 5.6.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Polyethylene Market: End-use Outlook Estimates & Forecasts
- 6.1. Polyethylene Market: System Movement Analysis, 2023 & 2030
- 6.2. Packaging
- 6.2.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Construction
- 6.3.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Automotive
- 6.4.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Agriculture
- 6.5.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Consumer Electronics
- 6.6.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
- 6.7. Other End-uses
- 6.7.1. Market estimates and forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Polyethylene Market Regional Outlook Estimates & Forecasts
- 7.1. Regional Snapshot
- 7.2. Polyethylene Market: Regional Movement Analysis, 2023 & 2030
- 7.3. North America
- 7.3.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4. U.S.
- 7.3.4.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5. Canada
- 7.3.5.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6. Mexico
- 7.3.6.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4. Europe
- 7.4.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4. Germany
- 7.4.4.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5. France
- 7.4.5.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6. UK
- 7.4.6.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7. Italy
- 7.4.7.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.8. Spain
- 7.4.8.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.8.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.8.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.4. China
- 7.5.4.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5. South Korea
- 7.5.5.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.6. Japan
- 7.5.6.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.6.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.6.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.7. India
- 7.5.7.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.7.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.7.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.8. Australia
- 7.5.8.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.8.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.8.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6. Central & South America
- 7.6.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4. Brazil
- 7.6.4.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5. Argentina
- 7.6.5.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.7. Middle East & Africa
- 7.7.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.4. Saudi Arabia
- 7.7.4.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.4.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.5. UAE
- 7.7.5.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.5.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.5.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.6. South Africa
- 7.7.6.1. Market estimates and forecast, by product, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.6.2. Market estimates and forecast, by end-use, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.6.3. Market estimates and forecast, by application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Ranking
- 8.4. Heat Map Analysis
- 8.5. Company Market Share Analysis, 2023
- 8.6. Market Strategies
- 8.7. Vendor Landscape
- 8.7.1. List of raw material supplier, key manufacturers, and distributors
- 8.7.2. List of prospective end-users
- 8.8. Strategy Mapping
- 8.9. Company Profiles/Listing
- 8.9.1. BASF SE
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.2. Borealis AG
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.3. Braskem
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.4. Dow
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.5. Exxon Mobil Corporation
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.6. Formosa Plastics
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.7. INEOS Group
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.8. LG Chem
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.9. LyondellBasell Industries Holdings B.V.
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.10. MOL Group
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Benchmarking
- 8.9.11. Mitsubishi Chemical Corporation
- 8.9.11.1. Company Overview
- 8.9.11.2. Financial Performance
- 8.9.11.3. Product Benchmarking
- 8.9.12. SABIC
- 8.9.12.1. Company Overview
- 8.9.12.2. Financial Performance
- 8.9.12.3. Product Benchmarking
- 8.9.13. China Petrochemical Corporation (Sinopec)
- 8.9.13.1. Company Overview
- 8.9.13.2. Financial Performance
- 8.9.13.3. Product Benchmarking