Australia Polyethylene Market to Reach $ 3.8 Billion Forecast Period
Increasing use of
polyethylene and wide scale application across various industries to drive the
growth of Australia polyethylene market
According to
TechSci Research report, “Australia Polyethylene Market By Type, By Application,
By Region, Competition, Forecast & Opportunities, 2024”, Australia polyethylene market
is projected to reach $ 3.8 billion by 2024 on account of its increasing demand
in the packaging industry. The key factors that are responsible for the growth
of market include demand for large containers and tanks to store rainwater,
pipes & fittings for irrigation purposes and use in various end user
industries. However, stringent ban on
plastic manufacturing in Australia and import being limited to finished and
semi-finished goods instead of resins, are likely to hamper the growth of
market during forecast period.
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The Australian
polyethylene market is segmented based on type, application, region and
company. Based on type, the market can be segmented into High Density Polyethylene (HDPE); Low
Density Polyethylene (LDPE); and Linear low-density polyethylene (LLDPE). The
HDPE segment is expected to dominate the market during forecast period owing to
their widespread use in packaging, consumer goods, fibres & textiles
packaging, pipes & fittings, among others. Qenos Pty Ltd, Chevron Phillips Chemical
Pty Ltd., PTT Global Chemical Plc, Thai Polyethylene Co., Ltd, ExxonMobil
Australia Pty Ltd, LyondellBasell Australia Pty Ltd, Eni Australia Ltd, and PRPC
Polymers (Petronas Chemical Group) are some of the leading players
operating in Australian polyethylene market.
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“Australia polyethylene
market is witnessing growth on account of increasing demand for large size
containers and tanks for rainwater harvesting. Moreover, due to requirement for
flexible and cost-effective material, polyethylene is finding application in various
industries, which is further anticipated to fuel growth in the market during
forecast period.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Australia Polyethylene Market By Type, By
Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Australian
Polyethylene market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Australian Polyethylene market.
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