English    |    Chinese

News

Classification
Your location:
Homepage
-
-
The annual growth rate of global PE resin demand will reach 4%, 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 in 2018, with a market value of US $ 164 billion

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2020-02-14 12:39
  • Views:

(Summary description)According to the Freedonia Group forecast, the 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 164 billion US dollars...

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

(Summary description)According to the Freedonia Group forecast, the 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 164 billion US dollars...

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2020-02-14 12:39
  • Views:
Information
According to the Freedonia Group forecast, the 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 164 billion US dollars.
Demand growth is stimulated by consumer spending and manufacturing activities, and the growth rate is in line with the overall global economic growth. Because of its versatility, easy processing, low cost, and recyclability, PE will still be 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 resins. 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 likely to appear. In addition, PE Like all plastics, rejected by environmentalist consumers, the main applications of PE, such as plastic bags, have been increasingly regulated and banned. "Stimulated by strong growth in regional demand in China, up to 2018, the Asia-Pacific region It will continue to be the region with the largest and fastest growth in the global PE market. In 2014, China's PE demand accounted for about 1/4 of the total global demand. India and Vietnam will also be the fastest expanding regions in the global PE market. However, compared with 2008-2014, demand growth in most emerging markets in Asia will slow down. On the other hand, North American PE demand will increase significantly, and Western Europe and Japan will also rebound from the recent decline.
According to the Freedonia Group 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 $ 164 billion. Demand growth is stimulated by consumer spending and manufacturing activities, and the increase is in line with the overall global economic growth.
PE will remain the most widely used resin in the world due to its versatility, easy processing, low cost, and recyclability. 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 resins. 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 likely to appear. In addition, PE Like all plastics, rejected by environmentalist consumers, the main applications of PE, such as plastic bags, are increasingly regulated and banned. "
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 in the global PE market by 2018. In 2014, China's PE demand accounted for about 1/4 of the total global demand. India and Vietnam will also be the fastest expanding regions in the global PE market. However, compared with 2008-2014, demand growth in most emerging markets in Asia will slow down. On the other hand, North American PE demand will increase significantly, and Western Europe and Japan will also rebound from the recent decline.

Scan the QR code to read on your phone

1

Copyright Foremost All rights reserved 粤ICP备16047512号  Support:www.300.cn,zhuhai.300.cn

这是描述信息