Polyethylene Insulation Materials Market Overview:
Global Polyethylene Insulation Materials Market is expected to reach $28,776 million from $16,816 million and register a CAGR of 7.8% during the forecast period, 2017-2023.
The polyethylene is a highly dimensionally stable and resistant to moisture thermoplastic. It acts as an insulator with a low coefficient of friction and is excellent for guides and other moving parts. The polyethylene is available in different densities with the ultra-high molecular weight grade, offering toughness that outlasts steel in some applications. The polyethylene insulation material is durable, lightweight, dust repellent, and highly resistant to heat.
The global polyethylene insulation materials market is segmented based on application and geography. Based on application, the industry is divided into wires & cables, packaging, and consumer goods. Regionally, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Polyethylene Insulation Materials Market Segmentation
Top Investment Pocket
Wires & cables application is the most lucrative segment for the polyethylene insulation materials. It accounted for the highest share of polyethylene for insulation in 2016. Moreover, it is anticipated to grow at a CAGR of 7.9% during the forecast period. The industry is also used in homes for insulating sealed ground cover system. Packaging & consumer goods sector accounts for a small share in the market and is expected to grow at a CARG of 5.2% during the aforementioned period.
Polyethylene Insulation Materials Market Top Investment Pockets, by Application
Asia-Pacific is the fastest growing polyethylene insulation materials market at a CAGR of 9.7% for the forecast period. This trend is observed owing to increase in demand for insulation materials in wires & cables industry. China, Japan, Korea, and India are the major contributors for the growth of the industry in this region. Rise in investments by companies, especially in power and telecommunication sector leads to the higher demand for the polyethylene insulation materials. The LAMEA follows the Asia-Pacific and is anticipated to grow at a CARG of 9.0%.
UAE and Saudi Arabia offer huge potential for the insulation materials manufacturers. The high living standards in UAE and Saudi Arabia led to the increase in consumption of consumer goods. Moreover, Latin America witnessed rise in investment in the telecommunication industry owing to increase in mobile handset and broadband connection. According to the Global System for Mobile Association (GSMA), Latin American mobile market was estimated to be the fourth-largest, with almost 718 million connections in 2014. Furthermore, growth in the telecommunication industry is expected to increase the demand of polyethylene insulation materials for manufacturing wires & cables, thus driving the market growth.
Brazil Polyethylene Insulation Materials Market, 2016-2023 ($Million)
Some of the major players operating in the global polyethylene insulation materials 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.
Other key market players (not profiled in this report) in the value chain include Hyundai EP, Kalpana Group, Kanoo Group, Polylink Polymers (India) Ltd., Saco Polymers Inc., Sankhla Polymers Private Limited, Silon S.R.O., Solvay SA, Vanderbilt Chemicals LLC, and Zimmer Inc.
Key Benefits of Polyethylene Insulation Materials Market Report:
- It provides quantitative analysis of the current and future market trends for the period, 2016‐2023
- It offers analysis and identification of the prevailing market opportunities
- It covers competitive landscape and value chain analysis, which elucidate the competitive environment across the geographies
- It gives an in-depth analysis of current R&D to help in understanding the market behavior
- It provides an extensive evaluation of the market by following key product positioning and monitoring the top competitors within the market framework
Polyethylene Insulation Materials Market Key Segments:
- Wires & Cables
- Packaging & Consumer Goods
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA