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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Source: TechSci Research