U.S. Polyethylene Market Size & Outlook, 2022-2030
U.S. polyethylene market, 2018-2030 (US$M)
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U.S. polyethylene market highlights
- The U.S. polyethylene market generated a revenue of USD 19,399.2 million in 2022 and is expected to reach USD 25,317.1 million by 2030.
- The U.S. 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.
Polyethylene market data book summary
| Market revenue in 2022 | USD 19,399.2 million |
| Market revenue in 2030 | USD 25,317.1 million |
| Growth rate | 3.4% (CAGR from 2022 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | PACKAGING |
| 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, U.S. accounted for 12.7% of the global polyethylene market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polyethylene market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,214.7 million by 2030.
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Polyethylene Market Scope
Polyethylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 58.61% in 2022. Horizon Databook has segmented the U.S. 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 U.S. energy landscape, specifically the abundant availability of shale gas, is a critical driver for the growth of polyethylene market in the country. Shale gas serves as a primary feedstock for ethylene production that is a key building block for polyethylene.
The accessibility and the cost competitiveness of shale gas contribute to the expansion of ethylene production capacities in the U.S., thereby supporting the growth of polyethylene market in the U.S. The integration of advanced technologies for extracting and processing shale gas further enhances the efficiency and competitiveness of the petrochemicals industry in the country.
The growing market for e-commerce and online retail is driving the growth of the U.S. polyethylene market. The rise in online shopping activities has increased the requirement for effective and secure packaging to protect goods during their transit. With its flexibility and durability, polyethylene is essential for packaging applications in the e-commerce sector.
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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 U.S. polyethylene market , including forecasts for subscribers. This country databook contains high-level insights into U.S. polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. polyethylene market size, by end use, 2018-2030 (US$M)
U.S. Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
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