The hottest polyethylene in the world is developin

2022-08-12
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The global PE industry has developed rapidly and will continue to maintain in the future. The report points out that the global PE industry has developed rapidly in the past five years. It is expected that PE will continue to maintain a good momentum of development in the next five years, with a compound annual growth rate of 3.5%. In 2017, the global demand for PE will exceed 216 billion pounds (about 100 million tons), and its sales will exceed 148 thickness: 118 mm $100 million

comprehensive factors affecting the development of PE industry

generally speaking, the global PE industry is developing steadily. However, the development of PE industry is also affected by many comprehensive factors, such as: raw material price (the mechanical transmission part of global crude oil and general rubber tensile testing machine can meet the naphtha oil price), raw material supply, energy cost, environmental problems, government regulations, etc. Once some of the above factors change, PE development will also be affected

the report shows that the emerging ultra-high polymer PE and sucrose based PE may have an impact on the growth of PE industry in the future. In addition, the emergence of new economies, the growth of global population, the improvement of people's living standards, the innovation of packaging industry and the growth of end market demand are expected to further promote the prosperity and development of PE industry. At the same time, the PE industry will also face some severe challenges, such as crude oil price fluctuations, commodity shocks, and higher polypropylene cost prices

therefore, the research and development of new products, technological innovation, and the saving of raw material costs will become a powerful magic weapon for manufacturers to seize more market share

polyethylene in North America will grow on a large scale

previously, Nickvafiadis, a senior market expert, predicted in his speech at the international petrochemical conference in March this year: "In the next five years, the global demand for polyethylene will develop rapidly. Pingdingshan Coal Shenma Group, a state-owned enterprise in Henan Province, has planned to shut down 6million tons of production capacity in the next three years. The growth rate has exceeded the current demand level in North America. It is like forming another North American market in the next five years. This market is huge and growing."

in North America, the discovery of shale gas storage has set off a series of expansion tides, which provides a strong guarantee for the supply of PE raw materials and further promotes the strong growth of PE in the next few years. These new natural gas can be used to produce ethane and then processed into ethylene raw material. It is estimated that by 2017, about 11billion pounds (5million tons) of new polyethylene production capacity will be put into the North American market

Vafiadis explained that with the influx of new North American production capacity into the market, the production capacity of American product processors will also increase. The market competition will be more intense. Some large processing enterprises in the United States will expand their scale to seize the opportunity brought by the new PE production capacity in North America. It is reported that there are already processors expanding production capacity. Affected by it, the export of PE finished products will rise in the future

vafiad pointed out that while polyethylene in North America is growing on a large scale, there may be some challenges. Because the fierce competition will bring great pressure on resources

the Asia Pacific region will lead the development trend of PE

at present, the Asia Pacific region plays a leading role in the development of the global PE industry, and its PE output accounts for 41.8% of the global total. The analysis report points out that in the next five years, the global PE market, including the Asia Pacific region, has great growth potential and considerable development prospects. Among them, China and India are expected to lead the future development trend of PE industry by virtue of their advantages such as cheap labor, strong downstream processing capacity, and government preferential subsidies

in recent years, China's PE industry has been growing. So far, the annual capacity of PE plants in China has reached 10.82 million tons. With the expansion of domestic production capacity and the diversification of olefin raw materials during the 12th Five Year Plan period, the self-sufficiency rate of PE in China will be significantly increased and the degree of external dependence will gradually decrease

at present, the demand for PE in China is growing steadily. Plastic film is the main consumption field of PE, which is mostly used in terminal consumption and transportation. Its demand growth has a great relationship with the development of the overall domestic economic situation. It basically maintains a growth slightly higher than the domestic GDP. The growth momentum is stable, and there is demand rigidity. With the improvement of living standards, people have higher requirements for the functions and diversification of packaging materials, such as fresh-keeping film, gas and light barrier film, selective permeation film, antibacterial film and printing film. In the future, the application fields of PE for the film industry will be more refined

in addition, another important consumption field of PE in China is plastic pipes. Its output is also increasing with the acceleration of urbanization and the implementation of municipal pipeline construction projects. In the next few years, urban water supply and drainage, gas pipelines, and municipal plastic pipelines such as urban underground power and communication sheathed pipelines will continue to be the focus of development

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