Rise in demand for electric & electronic and textile products and increase need for food and agrochemicals across the globe drive the growth of the global high-performance polyethylene market. The market across Europe held the lion’s share in 2020, accounting for nearly one-third of the market. The advent of the Covid-19 pandemic positively affected the demand for high-performance polyethylene for a short period.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
On the basis of application, the protective coating segment dominated the market in 2020, contributing to around one-third of the market. However, the sports equipment segment is projected to manifest the highest CAGR of 10.6% during the forecast period.
The High-performance polyethylene market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Based on end-user industry, the food & beverages segment held the largest share in 2020, accounting for more than one-fourth of the market. However, the textile industry segment is estimated to register the highest CAGR of 11.1% during the forecast period.
High-Performance Polyethylene Companies Covered Market:- TEIJIN LIMITED, Dow Chemical Company, DSM, Celanese, LyondellBasell, Braskem, Asahi Kasei Corporation, Sabic, Mitsui Chemicals, Inc and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the High-performance polyethylene market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the High-performance polyethylene market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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