Global PE industry to grow at CAGR of 3.71%, PP to grow at almost 9% till 2018

03-Sep-14

The Global polyethylene industry is forecast to grow at 3.71% CAGR whereas the polypropylene market is set to grow at 8.85% CAGR for the period 2013-2018, as per ReportsnReports.com. In terms of type, the global polyethylene market is segmented into three: HDPE, LDPE, and LLDPE. There are three main grades of polypropylene produced: homopolymer, co-polymer, and impact co-polymer. Polypropylene is the single largest consumed polymer resin in the world. It is one of the most versatile plastics made from polyolefin. It is produced by the polymerization of propylene. There are three main grades of polypropylene produced: homopolymer, co-polymer, and impact co-polymer. Polypropylene possesses intrinsic properties such as high stiffness, good tensile strength, and inertness toward acids, alkalis, and solvents, which makes it suitable for many applications in various industries such as Packaging, Automotive, Consumer Goods, Construction, Electrical, and Electronic. Polyethylene, also known as polythene, is the most commonly used plastic. It is chemically synthesized from ethylene. Polyethylene is used in various products, such as packaging products, pond liners, pipes, molds, wires, cables, general purpose tubes, drums, carrier bags, and household goods as it can be easily remolded. There are three major types of polyethylene: high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE).