Polyethylene
Coatings Market is expected to witness an exponential growth over
forecast year. Polyethylene is manufactured from ethylene that is the staple
raw material here. Ethylene is produced by a steam cracking process whereby
unsaturated hydrocarbons give way to saturated ones. The same ethylene is also
used to hasten fruits into getting ripe and speed up growth rate of trees,
seedlings, vegetables and fruit trees. Ethylene being combustible is also used
as an oxy-acetylene flame for cutting of metals.
The Key Factor That
Drives the Growth of Polyethylene Coatings Market Research Report by Trends,
Applications, Analysis, Growth, and Forecast: 2017 to 2022
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Polyethylene coating is
fashioned on the lines of thermoplastic pipe coating which is the largest pipe
coating used in different end-use industries. Thermoplastic coatings have
typical properties of high resistance to chemicals; undertake high stress and
are very flexible with ease of applicability. Thermoplastic polymer is the
largest pipe coating available and Polyethylene or PE coatings are the largest
thermoplastic polymer coating. Other types of thermoplastic polymer coating are
Polypropylene (PP) and Polyurethane Coatings (PU).
Amongst end-users, oil and gas
is the largest end-user industry due to colossal demand for oil and gas across
the globe and oil and gas is displaying exuberant demand in pipes in mid and up
level activities showing great growth in Pipe coatings. Polyethylene coatings
market (PE) which is a type of pipe coatings is also facing growth due to these
reasons. Low density polyethylene (LDPE) is very versatile type of plastic and
holds maximum share in the market due to its superior optical properties in
comparison with linear polyethylene and with good properties, it is used in liquid
packaging, folding carton and others. Paper and paperboard is the largest
substrate segment and properties such as light-weight structure, recyclability
and low cost are taking paper and paperboard to great phases in growth.
Polyethylene Coatings
Market Segmentation on the basis of component:
- Industrialization
- Developing Industry
- Urbanization
- Technological Innovations
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Top Key players include: - Dow Chemical, Sumitomo Seika, Miesel
Chemical Works, Shanghai Liansheng Chemical, Zibo Kaiyuan and Global Fine
Chemical.
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