The global polyethylene insulation material market was valued at $15.9 billion in 2020, and is projected to reach $26.0 billion by 2030, growing at a CAGR of 5.0% from 2021 to 2030.
Polyethylene is one of the commonly used polymers and is synthesized chemically from ethylene. Polyethylene insulation materials, such as wires & cables and packaging & goods, are used in industries. It has a low dielectric constant, which makes the polymer a good insulator. In addition, its high resistance to moisture helps in the manufacturing of wires & cables. Polyethylene insulation materials are also used for packaging purposes and in the production of consumer goods, which includes electronic goods and machineries.
The use of polyethylene products as insulators is expected to increase owing to the burgeoning global population and growth of emerging economies. Wire & cable sector is expected to grow rapidly due to increase in demand from power, telecommunication, and real estate sectors in the emerging economies such as India, China, Brazil, and Russia, which boosts insulation polyethylene market. Asia-Pacific’s consumer goods sector represents a bright spot for insulation polyethylene market during the forecast period. Fluctuations in raw material prices and stringent regulations imposed by the regulatory bodies on the use of polyethylene owing to its harmful effects on the environment may hamper the market growth.
On the basis of resin type, the polyethylene insulation materials market is segmented into type, application, and region. On the basis of type, it is fragmented into high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE) and others. By application, the market is segmented into wires & cables, packaging, consumer goods, pipes & fittings, roof & wall insulation, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players that operate in the global polyethylene insulation material market include The DOW Chemical Company, Arkema Group, Borealis AG, Akzonoble N.V., Lyondellbasell Industries N.V., 3H Vinacom Co., Ltd., Exxonmobil Chemical Company, Inc., Falcone Specialities AG, Hanwha Chemical, and Polyone Corporation.
Polyethylene is one of the commonly used polymers and is synthesized chemically from ethylene. Polyethylene insulation materials, such as wires & cables and packaging & goods, are used in industries. It has a low dielectric constant, which makes the polymer a good insulator. In addition, its high resistance to moisture helps in the manufacturing of wires & cables. Polyethylene insulation materials are also used for packaging purposes and in the production of consumer goods, which includes electronic goods and machineries.
The use of polyethylene products as insulators is expected to increase owing to the burgeoning global population and growth of emerging economies. Wire & cable sector is expected to grow rapidly due to increase in demand from power, telecommunication, and real estate sectors in the emerging economies such as India, China, Brazil, and Russia, which boosts insulation polyethylene market. Asia-Pacific’s consumer goods sector represents a bright spot for insulation polyethylene market during the forecast period. Fluctuations in raw material prices and stringent regulations imposed by the regulatory bodies on the use of polyethylene owing to its harmful effects on the environment may hamper the market growth.
On the basis of resin type, the polyethylene insulation materials market is segmented into type, application, and region. On the basis of type, it is fragmented into high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE) and others. By application, the market is segmented into wires & cables, packaging, consumer goods, pipes & fittings, roof & wall insulation, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players that operate in the global polyethylene insulation material market include The DOW Chemical Company, Arkema Group, Borealis AG, Akzonoble N.V., Lyondellbasell Industries N.V., 3H Vinacom Co., Ltd., Exxonmobil Chemical Company, Inc., Falcone Specialities AG, Hanwha Chemical, and Polyone Corporation.
IMPACT OF COVID-19 ON THE GLOBAL POLYETHYLENE INSULATION MATERIAL MARKET
- Owing to COVID-19 pandemic, transport limitations were implemented resulted in reduced industrial production and disrupted supply chains, which affected global economic growth by a substantial proportion, severely impacted market growth.
- The companies have not earned any profit as a result of the work stoppage and not only the companies lost money however they were losing suppliers who are providing the required materials to various companies to be used in construction sector, all those suppliers have also faced huge losses.
- Furthermore, due to social distancing norms during COVID-19, the manufacturing companies were working with limited workforce; thus, negatively impacted the production and construction processes.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the polyethylene insulation materials market analysis from 2020 to 2030 to identify the prevailing polyethylene insulation materials market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the polyethylene insulation materials market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global polyethylene insulation materials market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Others
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
- Linear Low-Density Polyethylene
By Application
- Wires and Cables
- Packaging
- Consumer Goods
- Pipes and Fittings
- Roof and wall insulation
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Saint Gobain S.A.
- BASF SE
- Sika AG
- Evonik Industries AG
- Exxonmobil Chemical Company, Inc.
- The DOW Chemical Company
- Arkema Group
- Akzonoble N.V
- Solvay SA
- Polyone Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POLYETHYLENE INSULATION MATERIALS MARKET, BY TYPE
CHAPTER 5: POLYETHYLENE INSULATION MATERIALS MARKET, BY APPLICATION
CHAPTER 6: POLYETHYLENE INSULATION MATERIALS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Polyethylene Insulation Materials Market,' the polyethylene insulation materials market was valued at $15.9 billion in 2020, and is estimated to reach $26.0 billion by 2030, growing at a CAGR of 5% from 2021 to 2030.Polyethylene is one of the commonly used polymers and is synthesized chemically from ethylene. It is available in different densities with the ultra-high molecular weight grade, offering toughness that outlasts steel in some applications. Polyethylene insulation material has high resistance to heat and is durable, lightweight, and dust repellent. It finds application in wires & cables, packaging, and consumer goods industry.
Wire & cable sector is expected to grow rapidly due to increase in demand from power, telecommunication, and real estate sectors in the emerging economies such as India, China, Brazil, and Russia, which fuels the polyethylene insulation materials market. Burgeoning population in Asia-Pacific, especially in India and China has led to the increased consumption of consumer goods representing a bright spot for polyethylene insulation materials market during the forecast period. General economic performance, policies on infrastructure improvements, the level of capital equipment investment & maintenance, seasonality, occasional events such as rebuilding efforts linked to the damage caused by hurricanes, and other natural events influences sales in the U.S.
On the basis of type, the high-density polyethylene (HDPE) segment dominated the global polyethylene insulation materials market in 2020, and is expected to maintain its dominance during the forecast period owing to it offers benefits such as durable, lightweight, dust repellent, and highly resistant to heat.
On the basis of application, the wires and cables segment dominated the global polyethylene insulation materials market in 2020, and is expected to maintain its dominance during the forecast period owing to increase in demand from power, telecommunication, and real estate sectors in the emerging economies such as India, China, Brazil, and Russia, which fuels the polyethylene insulation materials market.
Major players that operate in the global polyethylene insulation materials market include Saint Gobain S.A., BASF SE, Sika AG, Evonik Industries AG, Exxonmobil Chemical Company, Inc., The DOW Chemical Company, Arkema Group, Akzonoble N.V, Solvay SA, and Polyone Corporation.
Key findings of the Study
- On the basis of type, the high-density polyethylene (HDPE) segment emerged as the global leader by acquiring more than 57.2% of the market share in 2020.
- On the basis of application, the wires and cables segment emerged as the global leader by acquiring more than 54.7% of the market share in 2020.
- On the basis of region, Asia-Pacific is the major consumer of polyethylene insulation materials among other regions. It accounted for around 44.6% of the global market share in 2020.
IMPACT OF COVID-19 ON THE GLOBAL POLYETHYLENE INSULATION MATERIALS MARKET
- Owing to COVID-19 pandemic, transport limitations were implemented resulted in reduced industrial production and disrupted supply chains, which affected global economic growth by a substantial proportion, severely impacted market growth.
- The companies have not earned any profit as a result of the work stoppage and not only the companies lost money however they were losing suppliers who are providing the required materials to various companies to be used in construction sector, all those suppliers have also faced huge losses.
- Furthermore, due to social distancing norms during COVID-19, the manufacturing companies were working with limited workforce; thus, negatively impacted the production and construction processes.
Companies Mentioned
- Saint Gobain S.A.
- BASF SE
- Sika AG
- Evonik Industries AG
- Exxonmobil Chemical Company, Inc.
- The DOW Chemical Company
- Arkema Group
- Akzonoble N.V
- Solvay SA
- Polyone Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 381 |
| Published | May 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 15.9 billion |
| Forecasted Market Value ( USD | $ 26 billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
