In the first half of 2023, the polyethylene market faced challenges across regions. In Asia Pacific, slow movement in packaging and related sectors, coupled with supply chain disruptions from maintenance shutdowns, widened the supply-demand gap. Europe witnessed declining trends due to economic hardships, inflation, and reduced demand from downstream industries, impacting buyer confidence. Meanwhile, North America saw an initial surge driven by limited stocks and construction activity, but the second quarter brought a decline in demand, exacerbated by economic pressures. The ongoing Russia-Ukraine crisis further affected the market. Overall, polyethylene prices struggled due to weakened demand, economic uncertainties, and supply chain interruptions.
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Definition
Polyethylene is a thermoplastic polymer composed of ethylene monomers. It is widely used due to its versatility, cost-effectiveness, and ease of processing. Its properties include lightweight, chemical resistance, electrical insulating capabilities, and durability. It comes in various forms, such as low-density polyethylene (LDPE) and high-density polyethylene (HDPE), each with distinct characteristics. Polyethylene finds applications in packaging, consumer products, pipes, containers, and more, making it one of the most prevalent and essential plastics in various industries.
Key Details About the Polyethylene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Polyethylene in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Polyethylene Price chart, including India Polyethylene price, USA Polyethylene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Polyethylene Price Trend:
Polyethylene is utilized extensively across various industries due to its versatile properties. In packaging, it’s employed for creating bottles, containers, and plastic bags. In construction, polyethylene pipes are used for water and gas distribution. The automotive sector uses it for manufacturing components like fuel tanks and bumpers. Consumer goods like toys, household items, and appliances are made from polyethylene. In agriculture, it’s used for greenhouse films and irrigation systems. Additionally, polyethylene’s insulating properties make it suitable for electrical cables. Its widespread adoption in industries is due to its durability, cost-effectiveness, and adaptability to different production processes.
Key Players:
- Saudi Basic Industries Corporation
- Exxon Mobil Corporation
- The Dow Chemical Company
- China Petroleum & Chemical Corporation
- PetroChina Company Limited
- Reliance Industries Limited
- Chevron Phillips Chemical Company
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