Asia Pacific Polyethylene Market Size & Outlook, 2022-2030
Asia Pacific polyethylene market, 2018-2030 (US$M)
Related Markets
Asia Pacific polyethylene market highlights
- The Asia Pacific polyethylene market generated a revenue of USD 63,301.7 million in 2022.
- The market is expected to grow at a CAGR of 4% from 2023 to 2030.
- In terms of segment, packaging was the largest revenue generating end use in 2022.
- CONSTRUCTION is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Thailand is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 63,301.7 million |
| Market revenue in 2030 | USD 86,775.8 million |
| Growth rate | 4% (CAGR from 2022 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | CONSTRUCTION |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
| Key market players worldwide | Basf SE, Borealis Exploration Ltd, Braskem SA ADR, Dow Inc, Exxon Mobil Corp, LyondellBasell Industries NV Class A, Mitsubishi Chemical Group Corp, China Petroleum & Chemical Corp Class H, Formosa Plastics Group, LG Chem, MOL Group, INEOS, SABIC |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.5% of the global polyethylene market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 86,775.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Polyethylene Market Scope
Polyethylene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific polyethylene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyethylene market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 68.67% in 2022. Horizon Databook has segmented the Asia Pacific polyethylene market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
The consistent expansion of the construction industry in the region that is fueled by ongoing urbanization and increasing renovation activities is poised to surge the demand for polyethylene, particularly in roofing applications in Asia Pacific. China, India, and Japan have emerged as primary producers of construction plastics in the region.
Growing government backing in the form of tax benefits and financial incentives in the petrochemicals industry of China and India aims to attract foreign direct investments (FDIs) in these countries. This, in turn, is anticipated to contribute to the growth of polyethylene market in Asia Pacific in the coming years.
Polyethylene has become crucial for ensuring the longevity of appliances developed from it owing to its increased resistance to chemical reactions, extreme temperatures (both high and low), and abrasion. Moreover, polyethylene is tough with high electrical insulation.
Reasons to subscribe to Asia Pacific polyethylene market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific polyethylene market databook
-
Our clientele includes a mix of polyethylene market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific polyethylene market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific polyethylene market size, by country, 2018-2030 (US$M)
Asia Pacific Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
