- The major vendors in the Global Polyethylene Market are The Dow Chemicals Company, Exxon Mobil Chemical Corp., LyondellBasell Industries NV, Saudi Basic Industries Corp. (SABIC) and Sinopec Corp.
London, 20 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Polyethylene Market 2014-2018. Increased consumption of packaging materials is predominantly driving the market growth as consumers worldwide prefer flexible packaging compared to rigid packaging. One of the emerging trends in the market is the use of swing technology in upcoming polyethylene projects; the technology which helps in producing either HDPE or LLDPE, depending on the market demand.
“China developed coal-to-olefins and methanol-to-olefins technologies, through which polyethylene can be produced from coal as the process is more economical,” says Faisal Ghaus, Vice President of TechNavio Research.
“With the use of these technologies, the supply of polyethylene in the market will increase with direct implications on global trade flows.”
Increased usage of LLDPE
The Global Polyethylene market is experiencing increased usage of LLDPE because of its flexibility. It has improved mechanical strength, conformability, and excellent optical strength and is more pliable and soft. It is used for making films that require a tremendous amount of strength to absorb impact while avoiding puncture or tearing. LLDPE is widely used in the production of plastic films, molds, and sheets.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
