Polyethylene (PE), also known as polythene, is a group belonging to the thermoplastic polymers and based on its polymerization process, it can be produced for different purposes. The polymerization process of ethylene delivers polyethylene, and it comprises long chains of monomer ethylene. This process includes radical polymerization, anionic addition polymerization, cationic addition polymerization, or ion coordination polymerization. Copolymerization of ethylene is also a process that can deliver polyethylene variations short-chain alpha-olefins, such as 1-butene, 1-hexene, and 1-octene. Its multifarious roles make it popular in industries concerning mainly packaging and construction. Apart from these sectors, it has wide usage in the manufacturing of pipes, barrier films, curing material, protective sheeting, and others. The global polyethylene market was previously valued at USD 1,11,041 million in 2017 which can now go up to USD 1,83,724.4 million during the forecast period (2018-2025) with a robust CAGR of 5.52%. The report published by Market Research Future (MRFR) also has segmental details, competitive analysis, expert inputs, and extensive analysis of drivers. The market demand is expected to touch 127,953 thousand tons by 2025 at a CAGR of 4.34% during the forecast period.
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End-users such as food & beverage, pharmaceutical, personal & home care, and e-commerce are generating maximum interest for the polyethylene due to superior performance, cost-effectiveness, and durability. In addition, good moisture and chemical resistance of polyethylene have become focal points for many industries. These projects the polyethylene market in good light and ensures its prospects in the coming years. For similar features, the construction industry is also showing a keen interest in the product, which guarantees smooth flow for the polyethylene market.
On the downside, the polyethylene market is facing bans of plastics across the globe which aims at curbing the carbon footprint. This made a lot of industries reduce their use of polyethylene. However, a counter-measure has been discovered. Bio-polyethylene can be a suitable answer which can be derived from renewable feedstocks. This can reassure polyethylene’s previous popularity amongst end-users and help the polyethylene market grow in the foreseeable future.
Prominent players to impact the polyethylene market significantly are China Petrochemical Corporation (China), Exxon Mobil Corporation (U.S.), LyondellBasell Industries NV (the Netherlands), SABIC (Saudi Arabia), INEOS Group Holdings SA (U.K.), Sumitomo Chemical Co. Ltd (Japan), Petronas Chemicals Group Berhad (Malaysia), Mitsui Chemicals Inc. (Japan), Chevron Phillips Chemical Company (U.S.), Formosa Plastics Corporation (Taiwan), DowDuPont (U.S.), Sasol Ltd. (South Africa), and others.
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