Global Polyethylene Market Research Report 2017-2021
10 Sep 2017
The "Global Polyethylene Market 2017-2021" report abstract is provided by PR Newswite by Research and Markets' The full report can be downloaded at https://www.researchandmarkets.com/research/l5b4s3/global
The global polyethylene market to grow at a CAGR of 3.78% during the period 2017-2021.
Global Polyethylene Market 2017-2021, has been prepared based on an in depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of thekey vendors operating in this market. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The latest trend gaining momentum in the market is New developments in application of polyethylene. The global polyethylene market has experienced new developments in the type of polyethylene produced due to the use of new techniques in production. An emerging trend in the market is the application of ultra-high molecular weight polyethylene (UHMWPE) in industrial applications, including bottling and automotive sectors.UHMWPE is also known as high-modulus polyethylene (HMPE).
According to the report, one of the major drivers for this market is Growing sectoral demand for use of polyethylene products. The global polyethylene market is driven by the increasing demand for plastic, which translates into growth opportunities for the market.Countries in Asia, such as India and China, witnesses the highest demand for plastics globally. India has witnessed rapidly increasing demand for plastic for electronic products.
Further, the report states that one of the major factors hindering the growth of this market is Volatility in prices of raw materials coupled with product commoditization. Some of the raw materials required to produce polyethylene include ethane, propane, naphtha, and natural gas. Fluctuations in prices of these raw materials have hampered the price of polyethylene.
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