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Polyethylene Compound Market Trends and Forecast

The future of the global polyethylene compound market looks promising with opportunities in the pipes & fittings, wires & cables, films & sheets applications market.The global polyethylene compound market is expected to reach an estimated $15 billion by 2030 with a CAGR of 3% from 2023 to 2030. The major drivers for this market are growing residential and non-residential construction activities, increasing need for rehabilitation of the major water and wastewater infrastructure, and replacement of aging pipelines.
  • Lucintel forecasts that pipes & fittings will remain the largest application segment over the forecast period due to growth in development of water and sewage disposal infrastructure.
  • HDPE resin type polyethylene compound will remain the largest segment over the forecast period superior toughness, crack resistance, and easy processability properties.
  • Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growth in infrastructure and construction industry and increasing demand of film and packaging products.