Research and Markets has announced the addition of thePolyethylene Market in the US report to their offering.
Polyethylene (PE) is the most extensively used form of plastic worldwide. It is the world's third-largest commodity plastic resin after polyvinyl chloride and polypropylene. However, in the US, its demand faced a slump of nearly three percent annually from 2005-2010. The demand for PE is usually generated due to its widespread use for packaging purpose in motor vehicles, construction industry and also in manufacturing of bottles, grocery bags, toys etc. Due to the economic recession, the demand for PE faced a steep downfall, resulting in a major deterioration of the industry during this time period.
LDPE (Low Density Polyethylene) has been losing market share to LLDPE (Linear Low Density Polyethylene), which has either replaced or been blended with LDPE. The higher strength properties offered by LLDPE allow down-gauging, saving in materials and a reduction in costs. Injection moulding, the third-largest application segment, is another growth area for LDPE. Uses include household goods, toys and sporting goods, caps and closures, and medical appurtenances.
US PE supplies tightened at the end of the first quarter on 2010 because of disruptions to feedstock ethylene supply and a healthy demand. Demand increased steadily throughout this period, and producers were able to implement a series of price increases, totaling as much as 11 cents per pound. New innovations such as producing of PE nanocomposites have helped the products become less polluting and more eco-friendly.
In this industry scenario, Taiyou Research analyzes the Polyethylene Market in the US.