South Africa Polyethylene Market Size & Outlook, 2022-2030
South Africa polyethylene market, 2018-2030 (US$M)
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South Africa polyethylene market highlights
- The South Africa polyethylene market generated a revenue of USD 1,918.0 million in 2022 and is expected to reach USD 2,030.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 0.7% 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 1,918.0 million |
| Market revenue in 2030 | USD 2,030.2 million |
| Growth rate | 0.7% (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, South Africa accounted for 1.3% of the global polyethylene market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia polyethylene market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,782.3 million by 2030.
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Polyethylene Market Scope
Polyethylene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 53.39% in 2022. Horizon Databook has segmented the South Africa 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.
With increasing awareness of environmental issues and the impact of plastic waste, there is a growing emphasis on recycling and adopting more sustainable packaging solutions. Polyethylene, being a versatile material, can be recycled and incorporated into various products, contributing to a circular economy.
As South Africa implements and strengthens waste management regulations and sustainability goals, the demand for recycled polyethylene and eco-friendly packaging solutions is expected to rise. Furthermore, the petrochemical industry's developments and investments also positively influence the polyethylene market in South Africa.
The investment in raw materials for polyethylene production is supporting the supply chain. The availability of local feedstock and raw materials can positively impact production costs, making polyethylene manufacturing more competitive.
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Target buyers of South Africa 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 South Africa polyethylene market , including forecasts for subscribers. This country databook contains high-level insights into South Africa polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa polyethylene market size, by end use, 2018-2030 (US$M)
South Africa Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
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