The global downstream polyethylene market was valued at $109.53 billion in 2021, and is projected to reach $180.49 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
Polyethylene, also called as polythene or polyethene, is one of the most commonly used plastics in the world. Polyethylene (PE) is a versatile synthetic resin made from polymerization of ethylene. Polyethylene is a member of the important family of polyolefin resins. Polyethylene can be divided into three density ranges. The density of low-density polyethylene (also known as LDPE) is 0.910 to 0.925 g/cm³. On the other hand, the density of medium density varieties is 0.926 to 0.940 g/cm³. The density of high-density quality (HDPE) is 0.941 to 0.960 g/cm³. (LLDPE) Linear low-density polyethylene is a commodity thermoplastic.
Affordability and accessibility of the product is the major factor that propels demand for polyethylene. In addition, recyclability, simplicity of processing, and low cost are key contributors to growth of the downstream polyethylene market. Rise in demand for polyethylene in automotive, electronics, and pharmaceuticals industries is anticipated to further propel the market growth. Use of polyethylene is on the rise and it is now evident that polyethylene is employed in almost every aspect of daily life. Thus, global production of plastics and resulting environmental contamination demonstrate that plastic wastes have become a serious environmental concern that is expected hinder growth of the downstream polyethylene market. Moreover, fluctuating raw material prices also restrain the downstream polyethylene market. Increase in applications of low-density polyethylene in different end-use industries are anticipated to provide lucrative opportunities to the market. Low density polyethylene is mainly used in films, sheets, and coatings.
The downstream polyethylene market is segmented on the basis of type, technology and end-use industry. On the basis of type, the market is categorized into low-density polyethylene (LDPE), medium-density polyethylene (MDPE), and high-density polyethylene (HDPE). By technology, it is categorized into films & sheets extrusion, pipe extrusion, injection molding, blow molding, and others. By end-use industry, it is categorized into building & construction, electrical & electronics, automotive, paper & textile, packaging, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global downstream polyethylene market include Borealis AG, Chevron Phillips Chemical Company LLC, China National Petroleum Corporation, Dow Inc., Ducor Petrochemicals, DuPont, Exxon Mobil Corporation, Formosa Plastics Corporation, U.S.A, Ineos, Lone Star Chemical, LyondellBasell Industries Holdings, Mitsubishi Chemical Holdings Corporation, Mitsui Chemicals, and Petroliam Nasional Berhad, SABIC. Other players operating in the downstream polyethylene market are LOTTE Chemical Corporation, Braskem S.A., and Abu Dhabi Polymers Company Ltd.
Polyethylene, also called as polythene or polyethene, is one of the most commonly used plastics in the world. Polyethylene (PE) is a versatile synthetic resin made from polymerization of ethylene. Polyethylene is a member of the important family of polyolefin resins. Polyethylene can be divided into three density ranges. The density of low-density polyethylene (also known as LDPE) is 0.910 to 0.925 g/cm³. On the other hand, the density of medium density varieties is 0.926 to 0.940 g/cm³. The density of high-density quality (HDPE) is 0.941 to 0.960 g/cm³. (LLDPE) Linear low-density polyethylene is a commodity thermoplastic.
Affordability and accessibility of the product is the major factor that propels demand for polyethylene. In addition, recyclability, simplicity of processing, and low cost are key contributors to growth of the downstream polyethylene market. Rise in demand for polyethylene in automotive, electronics, and pharmaceuticals industries is anticipated to further propel the market growth. Use of polyethylene is on the rise and it is now evident that polyethylene is employed in almost every aspect of daily life. Thus, global production of plastics and resulting environmental contamination demonstrate that plastic wastes have become a serious environmental concern that is expected hinder growth of the downstream polyethylene market. Moreover, fluctuating raw material prices also restrain the downstream polyethylene market. Increase in applications of low-density polyethylene in different end-use industries are anticipated to provide lucrative opportunities to the market. Low density polyethylene is mainly used in films, sheets, and coatings.
The downstream polyethylene market is segmented on the basis of type, technology and end-use industry. On the basis of type, the market is categorized into low-density polyethylene (LDPE), medium-density polyethylene (MDPE), and high-density polyethylene (HDPE). By technology, it is categorized into films & sheets extrusion, pipe extrusion, injection molding, blow molding, and others. By end-use industry, it is categorized into building & construction, electrical & electronics, automotive, paper & textile, packaging, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global downstream polyethylene market include Borealis AG, Chevron Phillips Chemical Company LLC, China National Petroleum Corporation, Dow Inc., Ducor Petrochemicals, DuPont, Exxon Mobil Corporation, Formosa Plastics Corporation, U.S.A, Ineos, Lone Star Chemical, LyondellBasell Industries Holdings, Mitsubishi Chemical Holdings Corporation, Mitsui Chemicals, and Petroliam Nasional Berhad, SABIC. Other players operating in the downstream polyethylene market are LOTTE Chemical Corporation, Braskem S.A., and Abu Dhabi Polymers Company Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the downstream polyethylene market analysis from 2021 to 2031 to identify the prevailing downstream polyethylene market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the downstream polyethylene market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global downstream polyethylene market trends, key players, market segments, application areas, and market growth strategies.
IMPACT OF COVID-19 ON THE GLOBAL DOWNSTREAM POLYETHYLENE MARKET
- Emergence of COVID-19 had a brief favorable influence on the expansion of the global market for downstream polyethylene.
- During the COVID-19 epidemic, the increased demand for plastic-made personal protective equipment (PPE) played a key role in ensuring the safety of individuals.
- Since the start of the coronavirus pandemic, there has been an unprecedented surge in single-use plastics (SUPs) such as protective medical suits, gloves, hand sanitizer bottles, masks, food & packaging products, and medical test kits. This is also anticipated to contribute positively to the expansion of the downstream polyethylene market.
Key Market Segments
By Type
- Low density polyethylene (LDPE)
- Medium density polyethylene (MDPE)
- High density polyethylene (HDPE)
By Technology
- Films Sheets Extrusion
- Pipe Extrusion
- Injection Molding
- Blow Molding
- Others
By End use industry
- Building Construction
- Electrical Electronics
- Automotive
- Paper and Textile
- Packaging
- Others
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- South Africa
- Rest of LAMEA
- Brazil
- Saudi Arabia
Key Market Players
- A.St.A. WORLD-WIDE
- Belenco
- Caesarstone Ltd.
- Cosentino S.A.
- Granite & Marble Specialties
- H & R Johnson
- LX Hausys
- Q.R.B.G.s.r.l.
- Quartzforms
- Santa Margherita Spa
- Silestone
- Stone Italiana S.P.A.
- Technistone s.r.o
- Topzstone
- vicostone
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DOWNSTREAM POLYETHYLENE MARKET, BY TYPE
CHAPTER 5: DOWNSTREAM POLYETHYLENE MARKET, BY TECHNOLOGY
CHAPTER 6: DOWNSTREAM POLYETHYLENE MARKET, BY END USE INDUSTRY
CHAPTER 7: DOWNSTREAM POLYETHYLENE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Downstream Polyethylene Market," the downstream polyethylene market was valued at $109.53 billion in 2021, and is estimated to reach $180.49 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.Polyethylene is a tough, light flexible synthetic resin made by polymerizing ethylene, majorly used for plastic bags, food containers, and other packaging operations. Polythene in most of the cases are thermoplastics that can remold to different kinds of modified polythene plastics on applying heat. There are various types of polyethylene such as high modulus polyethylene or ultra-high molecular weight polyethylene (UHMWPE), ultra-low molecular weight polyethylene (ULMWPE), high density cross-linked polyethylene (HDXLPE), high density polyethylene (HDPE), high molecular weight polyethylene (HMWPE), cross-linked polyethylene (XLPE), medium density polyethylene (MDPE), low density polyethylene (LDPE), linear low-density polyethylene (LLDPE) and chlorinated polyethylene (CPE). HDPE is used in insulation of electricity carrying wires as it is a poor conductor of electricity. It is also used is plastic bags, used for packing in pharmaceutical industries, films for food packaging.
Characteristics of Polyethylene:
Polyethylene has relatively lower mechanical strength, stiffness, and hardness than metal.
Owing to its high electrical treeing resistance, they are regarded as a very good electrical current insulator.
High resistance to acids and alkalis and low oxidizing power.
PE finds application in a wide range of industries, including plastic, packaging, and pipes & energy, owing to these properties. These properties make polyethylene famous in enterprises mainly connected with bundling and development. Polyethylene offers decreased weight, high flexibility, incredible synthetic obstruction, great electrical treeing opposition, and expanded influence strength for items at a lower cost. It is the most generally involved polymer in various items such as shopping packs, food wraps, cleanser containers, and auto gas tanks.
Growth of food business, which is involved with hygiene and health care, is a key benefit for the downstream polyethylene market; as a result, this market is gaining traction in a number of sectors, including automotive, electric & electronics, foods & beverages, and consumer goods industries. Properties consisting of excessive stress make it appropriate for commercial uses, specifically for packaging of automobile and electric spare parts. Manufacturing companies in the automotive industry focus on increasing performance of vehicles by reducing their weight. PE is favored as it is far low in weight, gives smooth processability, sealing, and stiffness properties. In the foods and beverage industry, demand for polyethylene is growing at a high pace, owing to rise in demand for production of packaging materials for foods & beverages. Manufacturers demand effective packaging to reduce possibility of food contamination and loss of quality. Polyethene has a moisture barrier property that protects foods & beverages from external and internal environments. This property is expected to boost demand for plastic materials from food, transport, and health care industries. Use of polyethylene in fashion apparel, sporting goods, and toys is increasing, owing to its ability to withstand physical stress, provide durability, and flexibility. It provides easy molding of products. In the agricultural industry, the application of this polymer is increasing, owing to rise in demand for drippers.
The downstream polyethylene market is segmented on the basis of type, technology, end-use industry and region. On the basis of type, Low-density polyethylene (LDPE), Medium-density polyethylene (MDPE), High-density polyethylene (HDPE). MDPE segment is projected as the fastest growing segment. On the basis of technology, the market is categorized into films & sheets extrusion, pipe extrusion, injection molding, blow molding and others. Films & sheets extrusion segment has garnered highest share and is projected as the fastest growing segment. On the basis of end-use industry, the market is categorized into building & construction, electrical & electronics, automotive, paper & textile, packaging and others. Automotive industry is projected as fastest growing segment and building & construction industry has garnered highest share in downstream polyethylene market. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global downstream polyethylene market Borealis AG, Chevron Phillips Chemical Company LLC, China National Petroleum Corporation, Dow Inc., Ducor Petrochemicals, DuPont, Exxon Mobil Corporation, Formosa Plastics Corporation, U.S.A, Ineos, Lone Star Chemical, LyondellBasell Industries Holdings, Mitsubishi Chemical Holdings Corporation, Mitsui Chemicals, Petroliam Nasional Berhad, SABIC.
Other players operating in the downstream polyethylene market are LOTTE Chemical Corporation, Braskem S.A., Abu Dhabi Polymers Company Ltd.
Key Findings of the Study
- Based on type, the high-density polyethylene (HDPE) segment is expected to grow at a CAGR of 5.1%, in terms of revenue, during the forecast period.
- Based on technology, the films & sheets extrusion segment is expected to grow at a CAGR of 5.8%, in terms of revenue, during the forecast period.
- Based on end-use industry, the packaging segment is expected to grow at a CAGR of 5.1%, in terms of revenue, during the forecast period.
- Region wise, Europe is estiate dto grow at a CAGR of 4.1% during the forecast period, in terms of revenue.
IMPACT OF COVID-19 ON THE GLOBAL DOWNSTREAM POLYETHYLENE MARKET
- Emergence of COVID-19 had a brief favorable influence on the expansion of the global market for downstream polyethylene.
- During the COVID-19 epidemic, the increased demand for plastic-made personal protective equipment (PPE) played a key role in ensuring the safety of individuals.
- Since the start of the coronavirus pandemic, there has been an unprecedented surge in single-use plastics (SUPs) such as protective medical suits, gloves, hand sanitizer bottles, masks, food & packaging products, and medical test kits. This is also anticipated to contribute positively to the expansion of the downstream polyethylene market.
- Thus, the above reasons are anticipated to stimulate the expansion of the global downstream polyethylene market.
Companies Mentioned
- A.St.A. World-Wide
- Belenco
- Caesarstone Ltd.
- Cosentino S.A.
- Granite & Marble Specialties
- H & R Johnson
- Lx Hausys
- Q.R.B.G.S.R.L.
- Quartzforms
- Santa Margherita Spa
- Silestone
- Stone Italiana S.P.A.
- Technistone S.R.O
- Topzstone
- Vicostone
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 429 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 109.53 billion |
| Forecasted Market Value ( USD | $ 180.49 billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
