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
– Oil & Gas
• Wire and Cable
• Film and sheet
By Resin Type (Volume (Kilo Tons) and $M shipment analysis for 2012 – 2023):
• HDPE Resin
• LDPE Resin
By Region (Volume (Kilo Tons) and $M shipment analysis for 2012 – 2023):
• North America
• 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 firstname.lastname@example.org. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
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?