According to a new market report published by
Lucintel, the future in the global polyethylene (PE) compound market is promising
with opportunities in the pipe and fitting, wire and cable, film and sheet and
others application. The global polyethylene compound market is expected to
reach an estimated $10.5 billion by 2023 with a CAGR of 4.8% from 2018 to 2023.
The major drivers for this market are growing residential and non-residential
construction activities, and replacement of aging pipelines.
In this market, HDPE (high density
polyethylene), and LDPE (low density polyethylene), are the major resins utilize
to manufacture polyethylene compound. On the basis of comprehensive research,
Lucintel forecasts that the HDPE is expected to remain the largest segment by
value and volume due to superior toughness, crack resistance, and easy
processability properties.
Within this market, pipe and fitting is expected to remain the
largest application by value and volume due to growth in development of water
and sewage disposal infrastructure. Lucintel predicts that the wire and cable
application segment will witness the highest growth in the forecast period due
to higher electrical and mechanical properties than PVC compound.
Asia Pacific (APAC) is expected to remain the
largest region by value and volume and is also expected to experience the
highest growth over the forecast period due to growth in infrastructure and construction industry and increasing
demand of film and packaging products.
An emerging
trend, which has a direct impact on the dynamics of the industry, include development
of bio based green polyethylene compound. LyondellBasell, Borealis, Spartech,
Solvay,
Sumitomo Chemical, INEOS, Total S.A, RTP, and SABIC are among the major
suppliers of the global polyethylene compound market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities of global polyethylene compound market by application, resin type, and region.
Lucintel has prepared a comprehensive research report entitled “Growth Opportunities
in
the Global polyethylene compound Market 2018-2023: Trends, Forecast, and
Opportunity Analysis.” The Lucintel report serves as a catalyst
for growth strategy as it provides a comprehensive data and analysis on trends,
key drivers, and directions. The study includes a forecast for the global polyethylene compound market by application, resin type, and region as
follows:
By Application (Volume (Kilo Tons) and $M
shipment analysis for 2012 – 2023):
- Pipe and Fitting
- Potable Water
- Wastewater
- Agriculture
- Chemical
- Oil & Gas
- Others
- Wire and Cable
- Telecommunication
- Power
- Industrial
- Construction
- Others
- Film and sheet
- Others
By Resin Type (Volume (Kilo Tons) and $M
shipment analysis for 2012 – 2023):
- HDPE Resin
- LDPE Resin
- Others
By Region (Volume (Kilo Tons) and $M shipment
analysis for 2012 – 2023):
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
222 page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Opportunity
Screening and Analysis, Strategic
Growth Consulting and Capital
Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. We offer market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for composites in the global polyethylene compound
market by application (pipe and fitting, wire and cable, film and sheet and
others), resin type (HDPE, LDPE and Others) and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2 Which
segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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