Pune, June 05, 2020 (GLOBE NEWSWIRE) — The global polyethylene market is set to gain momentum from its increasing usage in a wide range of industries, especially in construction and packaging. This is because PE provides increased impact strength, good electrical treeing resistance, excellent chemical resistance, high ductility, and reduced weight at a lower cost. Fortune Business Insights™ published this information in a recently published report, titled, “Polyethylene (PE) Market Size, Share & Industry Analysis, By Type (HDPE, LDPE, LLDPE), By End User (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Agriculture, Others), and Regional Forecast 2019-2026,” The report further states that the PE market size stood at USD 103.49 billion in 2019 and is projected to reach USD 143.30 billion by 2026, thereby exhibiting a CAGR of 4.1% during the forecast period.
This Report Answers the Following Questions:
- How will the market be affected in the near future?
- Which companies are set to generate the largest revenue?
- What are the market opportunities, dynamics, and challenges?
- Which factors are responsible for the growth of the market?
COVID-19 Impact Analysis:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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Drivers & Restraints-
Rising Demand from Food & Beverage Industry to Augment Growth
Polyethylene is experiencing high demand from several industries, such as consumer goods, food & beverage, electrical & electronics, and automotive. It is capable of providing high rigidity that further helps manufacturers in the packaging of electrical and automotive spare parts. Manufacturers in the automotive industry are aiming to surge the efficiency of the vehicles by lowering their weight. Polyethylene delivers easy stiffness, sealing, and processability…