North America Polyethylene Market Size & Outlook
North America polyethylene market, 2018-2030 (US$M)
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North America polyethylene market highlights
- The North America polyethylene market generated a revenue of USD 22,518.1 million in 2022.
- The 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.
- PACKAGING is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 22,518.1 million |
| Market revenue in 2030 | USD 29,489.9 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | PACKAGING |
| 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, North America region accounted for 14.8% 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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North America 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 58.63% in 2022. Horizon Databook has segmented the North America 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 shale gas boom in North America has transformed polyethylene market in the region. The abundant and easy availability of cost-effective feedstocks derived from shale gas, particularly ethane, has given polyethylene producers based in North America a significant competitive advantage.
Additionally, the availability of low-cost raw materials enhances the position of the region as a key player in global polyethylene production. This factor contributes to the growth of polyethylene market in North America and supports the competitiveness of its manufacturing sector at the global level.
Moreover, the flourishing construction industry and the ongoing infrastructure development projects in North America contribute to the demand for polyethylene, particularly for developing pipes, cables, and insulation.
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Target buyers of North America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America polyethylene market , including forecasts for subscribers. This continent databook contains high-level insights into North America polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America polyethylene market size, by country, 2018-2030 (US$M)
North America Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
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