Canada Polyethylene Market Size & Outlook, 2022-2030
Canada polyethylene market, 2018-2030 (US$M)
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Canada polyethylene market highlights
- The Canada polyethylene market generated a revenue of USD 1,471.9 million in 2022 and is expected to reach USD 1,958.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.6% from 2023 to 2030.
- In terms of segment, packaging was the largest revenue generating end use in 2022.
- PACKAGING 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 1,471.9 million |
| Market revenue in 2030 | USD 1,958.1 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | PACKAGING |
| 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, Canada accounted for 1.0% of the global polyethylene market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polyethylene market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,214.7 million by 2030.
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Polyethylene Market Scope
Polyethylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 58.43% in 2022. Horizon Databook has segmented the Canada 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.
Trade agreements and partnerships among Canada and others countires contribute to the growth of polyethylene market in Canada. The involvement of the country in international trade agreements facilitates the export of polyethylene and products based on it to the global market while providing access to a diverse range of raw materials.
Strategic collaborations with other countries further support the expansion of polyethylene market in Canada. Trade dynamics, influenced by agreements such as the U.S.-Mexico-Canada Agreement (USMCA), are crucial in shaping the polyethylene export-import landscape in Canada, thereby impacting the overall growth of the market in the country.
Investments in petrochemical production infrastructures and their capacity expansions contribute to the growth of polyethylene market in Canada. Ongoing investments in petrochemical facilities and their expanding production capacities ensure a stable and sufficient supply of raw materials for polyethylene manufacturing 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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada polyethylene market , including forecasts for subscribers. This country databook contains high-level insights into Canada polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada polyethylene market size, by end use, 2018-2030 (US$M)
Canada Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
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