According to Fortune Business Insights, The global polyethylene market size was valued at USD 110.23 billion in 2023 and is projected to grow from USD 114.89 billion in 2024 to USD 158.49 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period. Asia Pacific dominated the polyethylene market with a market share of 47.98% in 2022. The rise is driven by the increasing popularity of the product in various industries such as construction and packaging.

The properties of polyethylene (PE) make it popular in industries such as packaging and construction. This polymer offers reduced weight, high ductility, good electrical treeing resistance, excellent chemical resistance, and increased impact strength for the products at lower cost. It is majorly used in the form of products such as food wraps, shopping bags, detergent bottles, and automobile fuel tanks, across the globe.

Fortune Business Insights™ provides this information in its research report, titled “Polyethylene Market, 2024-2032”.

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List of Key Players Mentioned in the Report:

• LyondellBasell Industries N.V. (Netherlands)
• ExxonMobil Chemical (U.S.)
• SABIC (Saudi Arabia)
• Reliance Industries Limited (India)
• INEOS (U.K.)
• China National Petroleum Corporation (China)
• China Petroleum & Chemical Corporation (China)
• Ducor Petrochemicals (Netherlands)
• Formosa Plastic Group (Taiwan)
• Braskem (Brazil)
• Repsol (Spain)
• Borouge (UAE)

Segmentation:

HDPE Segment to Register Commendable Surge Impelled by Low Cost of Manufacturing