Australia Polyethylene Market Size & Outlook, 2022-2030
Australia polyethylene market, 2018-2030 (US$M)
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Australia polyethylene market highlights
- The Australia polyethylene market generated a revenue of USD 3,917.1 million in 2022 and is expected to reach USD 4,397.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 1.5% 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.
Polyethylene market data book summary
| Market revenue in 2022 | USD 3,917.1 million |
| Market revenue in 2030 | USD 4,397.8 million |
| Growth rate | 1.5% (CAGR from 2022 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | CONSTRUCTION |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Australia accounted for 2.6% of the global polyethylene market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polyethylene market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,273.8 million by 2030.
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Polyethylene Market Scope
Polyethylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 68.68% in 2022. Horizon Databook has segmented the Australia 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 prevailing trend of outdoor and recreational activities contributes to the demand for polyethylene based products in Australia for manufacturing outdoor furniture, sports equipment, and leisure items. The resistance of polyethylene to weathering and its ability to withstand outdoor conditions surge its use in outdoor furniture, sports equipment, and leisure items.
As Australians engage in various outdoor pursuits, the demand for polyethylene in this segment rises, thereby further fueling the adoption of polyethylene in the country. Australia's focus on innovation and technology such as 3D printing filaments and high-performance materials drives the polyethylene market.
Ongoing research and development efforts aim to explore new avenues for polyethylene usage, thereby pushing the boundaries of its capabilities and expanding its applications in emerging industries such as energy, agriculture, and autonomous vehicles, among others. This drives the evolution and diversification of polyethylene market in the country.
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Our clientele includes a mix of polyethylene market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia polyethylene market , including forecasts for subscribers. This country databook contains high-level insights into Australia polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia polyethylene market size, by end use, 2018-2030 (US$M)
Australia Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
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