China Polyethylene Market Size & Outlook, 2022-2030
China polyethylene market, 2018-2030 (US$M)
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China polyethylene market highlights
- The China polyethylene market generated a revenue of USD 19,932.4 million in 2022 and is expected to reach USD 26,074.3 million by 2030.
- The China market is expected to grow at a CAGR of 3.4% 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.
Polyethylene market data book summary
| Market revenue in 2022 | USD 19,932.4 million |
| Market revenue in 2030 | USD 26,074.3 million |
| Growth rate | 3.4% (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, China accounted for 13.1% 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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China 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 68.62% in 2022. Horizon Databook has segmented the China 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.
Government initiatives for infrastructure development projects are driving the growth of polyethylene market in China. The ambitious infrastructure development plans of the country, including the Belt and Road Initiative, stimulate the demand for polyethylene in construction and related activities.
This material is widely used for developing pipes, cables, and various construction components, which align with the objective of the Government of China to modernize its infrastructure and enhance its connectivity. This focus on infrastructure development of the government of the country contributes significantly to the sustained growth of polyethylene market in China.
The manufacturing prowess and position of China contribute to the demand for polyethylene in the country. The manufacturing industry of China that develops electronics, textiles, appliances, etc. increasingly demands polyethylene for component production, as well as packaging manufacturing.
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Target buyers of China polyethylene market databook
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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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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 country-level data and insights on the China polyethylene market , including forecasts for subscribers. This country databook contains high-level insights into China polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China polyethylene market size, by end use, 2018-2030 (US$M)
China Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
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