Chemical

World Analysis – Polyethylene

  • Market Overview
  • Key Benefits
  • Service Features
  • Annual Table of Contents

Market Overview

Duration: Long-term outlook to 2050

There are three basic polyethylene’s: low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), and high-density polyethylene (HDPE). Polyethylene’s are classified according to their density and molecular structure. Their three key attributes are melt index, density, and co-monomer. All polyethylene is produced in one of four basic reactor processes: high pressure, solution, slurry, and gas phase. When combined with specific catalysts and co-monomers, these reactor processes generate products with specific density and properties. The main feedstock material needed is ethylene along with a comonomer. Like other polymers, PE competes against other materials, such as aluminum, steel, wood, cardboard, and glass. Capital investments generally are concentrated in regions with feedstock cost advantage or high demand growth, such as the Middle East, North America, and Asia Pacific, particularly in mainland China.

LDPE is widely used in applications requiring clarity, inertness, processing ease, sealability, moisture barriers, and good electrical properties. Examples of its applications are garment film, Tupperware, shrink wrap, produce bags, tubing and cable, and agricultural films. When compared with LDPE, LLDPE resins exhibit significantly improved stiffness, tensile, and impact properties, as well as better low- and high- temperature characteristics. However, LLDPE does not have LDPE’s clarity or ease of processing. Examples of LLDPE applications include consumer trash bags, stretch film, ice bags, injection molded lids, and drip irrigation tubing. HDPE is characterized by a wax-like feel, flexibility, chemical inertness, good stress crack resistance, and a relatively high softening temperature. HDPE applications are found in bottles (e.g. milk bottles), pipe, buckets, grocery (t-shirt) bags, and waste site liners.

Key Benefits

Duration: Long-term outlook to 2050

The World Analysis – Polyethylene provides a comprehensive analysis and key insights of critical market developments as they shape the future outlook for the global polyethylene market.

The following reports, data files, analytical tools and visualization modules are available online and can be downloaded from our website:

  • Direct Access to the Subject Matter Experts
  • In-depth exploration of present market strategic insights, recognition of key challenges, and presentation of our experts’ forecasts and analysis
  • Explanatory Notes detailing data sources, methodologies, unit and conversion factors, and World Analysis deliverables.
  • Energy and Economy assumptions
  • Price, cost and margin base assumptions forecast and sensitivities analysis, including price assessment methodology, including price definitions across all regions.
  • Excel data files with standard supply/demand graphics and price forecasts extended to 2050, trade grids with country and regional trade flows Data appendix (Excel) with supply/demand, capacity and trade tables.
  • An online dashboard visualization of capacity, supply/demand, trade grids, and price, cost and margin forecasts
  • Supply/demand and capacity database access via data browser
  • Data Appendix (Excel) with supply/demand and capacity tables
  • Capacity by company/shareholder, capacity integration, top producer/consumer and surplus/deficit capacity ranking, and ownership/subsidiary information

This World Analysis contains detailed information on capacities, production, demand, and trade for all significant producing and consuming countries and regions. Although data gathering is essential for understanding history and potential future trends, we believe that the interpretation and analysis of the data is the most valuable information to our clients.

Service Features

Duration: Long-term outlook to 2050


SUPPLY/DEMAND BALANCES

Frequency: Bi-annual
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Area Coverage: By country/region; include “hypothetical” capacity changes in the forecast period
Chemical Coverage: High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density, Polyethylene (LLDPE), Total Polyethylene

CAPACITY DATABASE

Frequency: Updated daily
Format: Excel
Timeframe: 10-year forecasts available from periods 1990 – 2050
Coverage:

  • Nameplate capacity on individual plant location by producer and by the shareholder for main study products + essential derivatives
  • Integration table and top producer and consumer ranking tables (includes net surplus/deficit)
Chemical Coverage: High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density, Polyethylene (LLDPE)

PRICE & COST FORECASTS

Frequency: Quarterly
Format: Excel
Timeframe: up to 2050
Area Coverage: For the key regions of North America (US), Europe & Asia
Chemical Coverage: High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density, Polyethylene (LLDPE)

TRADE GRIDS

Frequency: Bi-annual
Format: Excel
Timeframe: 1 year of history, up to 10 years of forecast
Area Coverage: Between partner countries and by region
Chemical Coverage: High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density, Polyethylene (LLDPE)

REPORT WITH STRATEGIC INSIGHTS AND EXECUTIVE OVERVIEW

Frequency: Annual
Format: PDF/HTML
Timeframe: 5-year history, forecast to 2050
Coverage: Regional market summaries

  • Production economics/snapshots for selected regions/processes
  • Production process/technology overview
Chemical Coverage: High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density, Polyethylene (LLDPE), Polyethylene

ADDITIONAL FEATURES

  • Access to our global team of subject matter experts
  • Interactive data visualization module (dashboard)
  • Standard supply/demand graphs
  • Data appendix with supply/demand and capacity tables
  • Supply/demand and capacity database access via data browser

Annual Table of Contents

  • Introduction 5
  • Executive Overview 6
  • Strategic Insights 12
  • Strategic Insights 12
  • Economic Forecast Update 13
  • Weaker economic conditions reinforce impact of global capacity wave 14 China’s significance as global demand driver will lessen over the longer term; in the short term, eCommerce and government infrastructure spending will support PE demand 16
  • Sustainability and recycling initiatives are regaining widespread support 17
  • International sanctions on Russia are redirecting trade flows; longer term, capacity additions and demand growth will determine trade volumes and flows 19
  • North America 21
  • South America 28
  • West Europe 34
  • Central Europe 41
  • CIS and Baltic States 46
  • Africa 52
  • Middle East 58
  • Indian Subcontinent 64
  • Mainland China 69
  • Other Northeast Asia 74
  • Southeast Asia 79
  • Production Process Overview 85
  • Polyethylene 85
  • LDPE 85
  • LLDPE 86
  • HDPE 87
  • Production Process Economics 89
  • Explanatory Notes 89
  • LDPE Production Economics 90
  • LLDPE Production Economics 92
  • HDPE Production Economics 95
  • Price Forecast 98
  • Methodology 98
  • North America 99
  • West Europe 102
  • Asia 104
  • Price Forecast Tables 107
  • Supply/Demand Forecast Methodology 110

Market Coverage

Extrusion Coating

Film & Sheet

Injection Molding

Pipe & Profile

Alan Wei

Alan Wei Executive Director, China Polyolefins Chemical Market Analytics by OPIS

Alan Wei is the Executive Director for China Polyolefins at Chemical Market Analytics. Alan joined Chemical Market Analytics through the legacy IHS Markit Base Chemical team in 2021 as China Polyolefins’ Research and Analysis Director. He has more than 14 years of experience in the plastics industry, working in leading producers and distribution companies and holding a variety of responsibilities, including sales, marketing, and technical management.
Joel Morales

Joel Morales Vice President, Global Plastics & Polymers | North America Polyethylene & Polypropylene Chemical Market Analytics by OPIS

Joel Morales is the Vice President of Global Plastics & Polymers at Chemical Market Analytics by OPIS, a Dow Jones company. Joel joined Chemical Market Analytics through the legacy IHS Markit Base Chemical team in March 2013, covering Polyethylene (PE) and Polypropylene (PP) in North America. He is currently the service leader of three market advisory subscription services: The Global Plastics and Polymers Report, the North American PE Report, and the North American PP Report. He has brought a wealth of industry knowledge to IHS Markit through multiple stints along the plastics value chain. He began his career with polyolefins manufacturer Solvay Polymers, which later became Ineos, in technical services and product development before he moved into field sales. After five years at Solvay Polymers, Joel moved into resin distribution sales for both Muehlstein and then United Polychem as a Product Manager, where he managed and sold polyethylene and polypropylene resins into various customer segments. In his most recent role before joining IHS Markit, Joel was a purchasing manager for Silgan Plastics, a major blow-molding, and injection molding plastics converter. Joel graduated from The Massachusetts Institute of Technology in 1999 with a Bachelor of Science in Chemical Engineering and a minor in psychology.  
JP Nah

JP Nah Director, Southeast Asia Polyolefins Chemical Market Analytics by OPIS

JP Nah serves as Director for Research and Analysis in Southeast Asia Polyolefins business in our Singapore office. JP  brings with him an extensive background in Polyolefins and over 20 years of experience in the plastic industry. His main contributions are the Global Plastics and Polymers Market Monthly Report (Asia market) and the Asia/Middle East/India Plastics and Polymers Weekly Report (Southeast Asia market). His focus covers Polyethylene (PE) and Polypropylene (PP) in Asia region as well as supporting various business advisory services in Asia. Prior to joining Chemical Market Analytics, JP Nah was with Idemitsu Chemical Southeast Asia as the Deputy General Manager since 1993 where he was accountable for managing the business operations for Polyolefins and Polystryene in the Asia region. His responsibility was setting up and achieving the annual targets. He was also involved actively in establishing new product development and providing marketing information for the Idemitsu group of companies.  
Kaushik Mitra

Kaushik Mitra Executive Director, Europe Plastics & Polymers Chemical Market Analytics by OPIS

Kaushik Mitra is the Executive Director of polyolefin, for Europe Middle East, and Africa at Chemical Market Analytics. Mr. Mitra steers the Polyolefin Insight and Research practice for Chemical Market Analytics under Chemical Market Analytics and played a pivotal role in conceptualizing, developing, and executing the Chemical Market Analytics sustainability study. He has gained diverse career experience working at top global companies and leading business management, market development, market intelligence, and strategy. His interests are in pricing, strategy, and intelligence. He joined Chemical Market Analytics in 2016 with more than 22 years of experience in the petrochemicals business. Previously, with petrochemical giant SABIC, Mr. Mitra led the global strategy team for the polymers business, shaping long-term ambitions in terms of growth, business improvement, innovation, and pricing. He was instrumental in developing a framework for strategy execution, as well as deploying performance metrics. Mr. Mitra holds a bachelor's degree in engineering and a marketing MBA.  
Nick Vafiadis

Nick Vafiadis Vice President, Global Plastics & Polymers Team Lead Chemical Market Analytics by OPIS

Nick Vafiadis is the Vice President of the Plastics & Polymers business at Chemical Market Analytics. Nick is a 30-year veteran of the chemical industry and manages Chemical Market Analytics’s global plastics practice. His daily responsibilities encompassed analysis, consulting, and reporting on the global polyolefins market, as well as managing the operations associated with producing and developing the report. Concurrently, he contributed to single-client projects and studies related to the polyolefins industry. In his earlier assignments, he was responsible for consulting duties associated with the Chlor-alkali and vinyl product chain. He contributed to the Monomers Market Report, the Chlor-Alkali Market Report, and the Global Plastics & Polymers Market Report. Nick has been with IHS Markit base chemical business (now known as Chemical Market Analytics), and its predecessor CMAI since 2002. Before joining CMAI, he had spent twelve years with Vista Chemical Company (now Condea Vista Chemical Company), where he held assignments in marketing, product management, and sales management in both the vinyl and surfactant business areas. Mr. Vafiadis holds a Management BBA from The University of Texas at Austin, United States.
Utpal Sheth

Utpal Sheth Vice President, Asia Plastics & Polymer Chemical Market Analytics by OPIS

Utpal Sheth is the Vice President for Research and Analysis at Chemical Market Analytics Mr. Sheth led the regional Plastics Team in Singapore. He brings with him extensive industry experience and knowledge of 28 years in Asia and the Middle East. As a part of his current assignment, apart from leading the Weekly Regional Plastics Service, he contributes to various Market Advisory services and supports various consulting activities as an expert in the Polyolefins business. He joined CMAI (now a division of Chemical Market Analytics) as Director of Polyolefins / PVC for the Middle East and Indian Subcontinent at our Dubai office in October 2007. In July 2014, he relocated to Singapore to lead the Plastics Service in Asia - Middle East. Before joining CMAI, Utpal worked in sales and marketing functions at Petrochemical Companies in India and the Middle East. He is a Plastics Engineer and Master in Business Administration (Marketing). Apart from English, he can communicate in Hindi and Gujarati.

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