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PE compound or polyethylene compound, often referred to as polythene, is a thermoplastic polymer that finds a range of applications in diverse industries, based on their specific type. Polyethylene (PE) is known to be one of the most commonly manufactured thermoplastics globally. Polyethylene compounds are produced in various types, and each one of these is ideal for a varied set of applications. For instance, HDPE (high-density polyethylene) is commonly utilised in applications that are entirely different than that of LDPE (low-density polyethylene). Similarly, UHMW or ultrahigh molecular weight polyethylene is known for its high-performance characteristics and is thus utilised in applications including bulletproof vests and medical devices.
The global PE compound market stood at a volume of around 9,500 KT in 2023. The market is estimated to grow at a CAGR of 3.10% between 2024 and 2032 to reach a volume of about 12,540 KT by 2032. Among different resin types, HDPE remains the largest segment and is expected to continue to dominate the market in the coming years. The increased demand for HDPE can be attributed to its easy processability, improved durability and toughness, and crack resistance properties.
Pipe and fitting, and wire cable form the leading application of PE compound. The inherent physical properties of HDPE resin make it crack and abrasion resistant, along with considerable tensile strength, making it ideal for cable coverings. Besides, the superior chemical resistance of this resin increases the longevity of cable coverings, as it does not corrode, even in the absence of cathode protection.
Since thermoplastics such as polyethylene compounds liquefy when heated to their melting point instead of burning, and can further be cooled, and reheated without major loss or degradation, they are increasingly being used in various products, allowing them to be recycled and renewed in different applications.
The plant capacity utilization of PE compound stood at 80% in 2023.
In terms of consumption, the Asia Pacific dominates the market for PE compound with an estimated 53% market share. The market growth in the region can be attributed to the growing demand for film and packaging products, especially from major markets like China and India, and increasing demand for pipes and fittings with surging construction activities and infrastructure development.
The top five players in the PE compound market are LyondellBasell, INEOS Chemicals, Borealis AG, SABIC, and Total Energies. LyondellBasell Industries Holdings N.V., as one of the leading manufacturers of versatile plastic resins in the world offers materials like polypropylene (PE), PE compounds, and polyethylene. These are used in the development of several products of different varieties in nearly every sector, including packaging, piping, automobile parts, textiles, and renewable energy technologies.
Other significant manufacturers of PE compound are Braskem S.A., ExxonMobil Corporation, and Kingfa Science & Technology Ltd.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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