DALLAS, Feb. 25, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future in the global polyethylene (PE) compound market is promising with opportunities in the pipe and fitting, wire and cable, film and sheet and others application. The global polyethylene compound market is expected to reach an estimated $10.5 billion by 2023 with a CAGR of 4.8% from 2018 to 2023. The major drivers for this market are growing residential and non-residential construction activities, and replacement of aging pipelines.
Browse 90 market data tables and 111 figures spread through 222 pages and in-depth TOC on “Global Polyethylene Compound Market" at https://www.lucintel.com/polyethylene-compound-market.aspx
In this market, different types of polyethylene compound such as HDPE, LDPE and Others are used as resin type. On the basis of comprehensive research, Lucintel forecasts that the HDPE is expected to remain the largest segment by value and volume due to superior toughness, crack resistance, and easy processability properties.
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Asia Pacific (APAC) is expected to remain the largest region by value and volume and is also expected to experience the highest growth over the forecast period due to growth in infrastructure and construction industry and increasing demand of film and packaging products.
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An emerging trend, which has a direct impact on the dynamics of the polyethylene compound industry, includes development of bio based green polyethylene compound. LyondellBasell, Borealis, Spartech, Solvay, Sumitomo Chemical, INEOS, Total S.A, RTP, and SABIC and others are among the major polyethylene compound manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global polyethylene compound market by application, resin type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Polyethylene Compound Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global polyethylene compound market by application, resin type, and region.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com