Europe Polyethylene Market Size & Outlook, 2022-2030
Europe polyethylene market, 2018-2030 (US$M)
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Europe polyethylene market highlights
- The Europe polyethylene market generated a revenue of USD 31,739.2 million in 2022.
- The 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.
- MEDICAL is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Switzerland is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 31,739.2 million |
| Market revenue in 2030 | USD 35,680.3 million |
| Growth rate | 1.5% (CAGR from 2022 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | MEDICAL |
| 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, Europe region accounted for 20.8% 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.
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Polyethylene Market Scope
Polyethylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 63.41% in 2022. Horizon Databook has segmented the Europe 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 increasing focus on environmental sustainability and circular economy in Europe is driving the growth of polyethylene market in the region. Governments of different countries in the region are making efforts to reduce plastic waste and promote the use of recycled materials. As such, recycled polyethylene is used in various applications, including packaging and construction, in Europe.
Government regulations and initiatives supporting the circular economy further reinforce the demand for polyethylene in Europe. The focus of governments of countries in the region on advancing their healthcare sector contributes to the growth of polyethylene market in Europe.
The use of polyethylene in the development of medical packaging, tubes, etc. aligns with the focus of governments on healthcare innovations and quality medical services in the region. As healthcare technologies are evolving, the demand for reliable and hygienic materials is increasing.
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Our clientele includes a mix of polyethylene market companies, investment firms, advisory firms & academic institutions.
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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 continent-level data and insights on the Europe polyethylene market , including forecasts for subscribers. This continent databook contains high-level insights into Europe polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe polyethylene market size, by country, 2018-2030 (US$M)
Europe Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
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