PE market expected to reach 105.1 mln tons by 2016

04-Jan-13

The polyethylene (PE) volume market is expected to reach 105.1 mln tons by 2016 primarily supported by the product types - Low-Density Polyethylene and EVA Co-Polymers; technology - Film Extrusion and Extrusion Blow Molding. Globally, High-Density Polyethylene (HDPE) and Low-Density Polyethylene (LDPE) together account for approximately 69.8% of the market are expected to support the plastics industry going forward. Geographical analysis for polyethylene (PE) in Packaging application sector market shows that the highest Compounded Annual Growth Rate (CAGR) of 8.8% is anticipated from European region during the analysis period 2011-2016. Asia-Pacific follows Europe with a CAGR of 8.2% while the Americas forecasts to drive with a growth rate of 6.0%. Polyethylene (PE) is widely dominated in future among the polymers.