Market revenue in 2022 | USD 4,624.7 million |
Market revenue in 2030 | USD 5,021.1 million |
Growth rate | 1% (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 |
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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 53.85% in 2022. Horizon Databook has segmented the UAE 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 increased demand for polyethylene in the logistics and transportation sectors is driving the polyethylene market in the UAE. The efficient movement of raw materials to manufacturing facilities and the transportation of finished polyethylene products to domestic and international markets rely on a well-developed infrastructure.
Ongoing investments in infrastructure projects enhance connectivity, streamline supply chains, and reduce transportation costs, positively impacting the overall competitiveness of the polyethylene market. Furthermore, the global trend toward lightweight and fuel-efficient vehicles is expected to drive the polyethylene market in the UAE.
As automotive industry seeks materials that reduce vehicle weight and enhance fuel efficiency, polyethylene is increasingly used in automotive components and packaging applications. The demand for lightweight materials in automotive industry contributing to the adoption of polyethylene in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE polyethylene market , including forecasts for subscribers. This country databook contains high-level insights into UAE polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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