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The annual growth rate of global PE resin demand will reach 4%, reaching 99.6 million tons by 2018, with a market value of 164 billion US dollars

The annual growth rate of global PE resin demand will reach 4%, reaching 99.6 million tons by 2018, with a market value of 164 billion US dollars

  • Categories:Industry News
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  • Time of issue:2021-07-08 16:20
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(Summary description)According to Friedonia Group's forecast, global demand for PE resins (HDPE, LLDPE, LDPE) will rise at an annual growth rate of 4.0%, reaching 99.6 million tons in 2018, with a market value of US$164 billion.

The annual growth rate of global PE resin demand will reach 4%, reaching 99.6 million tons by 2018, with a market value of 164 billion US dollars

(Summary description)According to Friedonia Group's forecast, global demand for PE resins (HDPE, LLDPE, LDPE) will rise at an annual growth rate of 4.0%, reaching 99.6 million tons in 2018, with a market value of US$164 billion.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2021-07-08 16:20
  • Views:
Information

According to Friedonia Group's forecast, global demand for PE resins (HDPE, LLDPE, LDPE) will rise at an annual growth rate of 4.0%, reaching 99.6 million tons in 2018, with a market value of US$164 billion.

Demand growth is stimulated by consumer spending and manufacturing activities, and the growth rate is in line with the overall global economic growth rate. Due to its versatility, easy processing, low cost, and recyclability, PE will remain the most widely used resin in the world. The production of ethylene from new energy sources such as shale gas will provide PE with a price advantage. Moreover, the continuous improvement of polymerization catalyst technology will strengthen the performance, customized service and output of PE resin. Among the three PE resins, HDPE is the most widely used, accounting for almost half of the total demand in 2014. But analyst KentFurst pointed out that in the future, the further growth of PE demand will be limited by the following factors: "PE is a highly commercialized and mature product. In the foreseeable future, a large number of new applications are very likely to appear. In addition, PE Like all plastics, the main applications of PE, such as plastic bags, have been increasingly regulated and banned due to the denial of environmentalist consumers." Stimulated by the strong growth in China’s regional demand, by 2018, the Asia-Pacific region It will continue to be the region with the largest and fastest growth rate in the global PE market. In 2014, China's PE demand accounted for about a quarter of the global total demand. India and Vietnam will also be the fastest expanding regions in the global PE market. However, compared to 2008-2014, demand growth in most emerging markets in Asia will decelerate. On the other hand, the demand for PE in North America will increase substantially, and Western Europe and Japan will also rebound from the recent decline.

According to Freedonia Group's forecast, global demand for PE resins (HDPE, LLDPE, LDPE) will increase at an annual growth rate of 4.0%, reaching 99.6 million tons in 2018, with a market value of US$164 billion. Demand growth is stimulated by consumer spending and manufacturing activities, and the growth rate is in line with the overall global economic growth rate.

Due to its versatility, easy processing, low cost, and recyclability, PE will remain the most widely used resin in the world. The production of ethylene from new energy sources such as shale gas will provide PE with a price advantage. Moreover, the continuous improvement of polymerization catalyst technology will strengthen the performance, customized service and output of PE resin. Among the three PE resins, HDPE is the most widely used, accounting for almost half of the total demand in 2014.

But analyst KentFurst pointed out that in the future, the further growth of PE demand will be limited by the following factors: "PE is a highly commercialized and mature product. In the foreseeable future, a large number of new applications are very likely to appear. In addition, PE Like all plastics, the main applications of PE, such as plastic bags, have been increasingly regulated and banned due to the denial of environmentalist consumers."

Stimulated by the strong growth of regional demand in China, the Asia-Pacific region will continue to be the region with the largest and fastest growth rate in the global PE market by 2018. In 2014, China's PE demand accounted for about a quarter of the global total demand. India and Vietnam will also be the fastest expanding regions in the global PE market. However, compared to 2008-2014, demand growth in most emerging markets in Asia will decelerate. On the other hand, the demand for PE in North America will increase substantially, and Western Europe and Japan will also rebound from the recent decline.

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