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The global market for polyethylene has shown tremendous potential for growth, especially in developing countries like China, India, Brazil, and Russia. Since polyethylene is used in a variety of products, the demand is expected to grow at a rapid rate. Packaging bottles, polyethylene tubing, and polyethylene sheets are some of the major applications of polyethylene and the demand for these products is expected to remain high due to the development in the world economy and the ever-increasing population. Other major regions like North America and Europe are expected to have a constant demand and a slower growth for polyethylene for the next six years.
While polyethylene may be used in many applications, its environmental impact is a concern for regulatory bodies. Although it does not degrade easily, it can be melted down and reused for different products. Aerobic bacteria called sphingomonas is used to significantly degrade polyethylene and various methods have been adopted to create polyethylene from ethanol made from sugarcane. All these measures would help abide by the governments and environmental regulations, further enhancing the growth of the industry. Some of the major companies supplying polyethylene in the global market include Dow Polyethylene, Lone Star Chemical, Global Polymer Industries Inc., and Saudi Gazette KSA.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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