According to the recent study the polyethylene compound market is projected to reach an estimated $16 billion by 2028 from $12.1 billion in 2022, at a CAGR of 4.7% from 2021 to 2027. Growth in this market is primarily driven by growing residential and non-residential construction activities, increasing need for rehabilitation of the major water and wastewater infrastructure, and replacement of aging pipelines.
Browse 111 figures / charts and 90 tables in this 222 -page report to understand trends, opportunities and forecast in polyethylene compound market by application (pipes & fittings, wires and cables, films and sheets and others), resin type (HDPE, LDPE and ohers) and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Pipes & fittings market is expected to remain the largest segment during the forecast period.”
Based on end use, the polyethylene compound market is segmented into HDPE, LDPE and ohers. Lucintel forecasts that the pipes & fittings market is expected to remain the largest segment due to growth in development of water and sewage disposal infrastructure.
“Within the polyethylene compound market, the HDPE resin segment is expected to remain the largest resin type”
Based on resin type the HDPE resin segment is expected to witness the highest growth over the forecast period due to superior toughness, crack resistance, and easy processability properties.
“Asia pacific will dominate the polyethylene compound market in near future”
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growth in infrastructure and construction industry and increasing demand of film and packaging products.
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Major players of polyethylene compound market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Total S.A., SABIC, Lyondell Basell, INEOS, Braskem S.A, Borealis Group, are among the major polyethylene compound providers.
This unique 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 click on this link https://www.lucintel.com/polyethylene-compound-market.aspx or [email protected]