The Polyethylene Market is Predict to reach USD213.6 Billion by 2031, at a CAGR of 4.9%

10-Jun-2024 | Report Format: Electronic (PDF)

Polyethylene Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Polyethylene Market size is expected to reach $213.6 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,04,899.1 kilo tonnes, experiencing a growth of 16.9% (2020-2023).

The Low-density Polyethylene (LDPE) segment is anticipating a CAGR of 5.1% during (2024 - 2031). LLDPE is commonly used in rotational molding (rotomolding) applications to produce hollow plastic parts and components such as tanks, containers, toys, and playground equipment. LLDPE offers excellent moldability, impact resistance, and UV stability, making it ideal for outdoor and durable applications.

Polyethylene Market Size - By Region

The Bottles & Containers segment is leading the Global Polyethylene Market by Application in 2023; thereby, achieving a market value of $76 billion by 2031. Polyethylene offers versatility in the design and production of bottles and containers for various industries such as food and beverage, pharmaceuticals, personal care, household products, and industrial chemicals. It can be molded into different shapes, sizes, and configurations to meet the specific packaging requirements of different products.

The Construction segment is registering a CAGR of 4.1% during (2024 - 2031). Polyethylene pipes are widely used in the construction industry for various applications, including water distribution, gas transmission, sewage systems, and drainage. High-density polyethylene (HDPE) pipes, in particular, are preferred for their durability, flexibility, and resistance to corrosion, chemicals, and abrasion.

Full Report: https://www.kbvresearch.com/polyethylene-market/

The Asia Pacific region dominated the Global Polyethylene Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $102.6 billion by 2031. The Europe region is experiencing a CAGR of 4.4% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 4.6% during (2024 - 2031).