Australia Polyethylene Resin Market Size Growth by 2031
The Australia polyethylene resin market size is projected to reach US$ 1.57 billion by 2031 from US$ 1.20 billion in 2023. The market is expected to register a CAGR of 3.4% during 2023–2031. The growing use of polyethylene resin for packaging purposes across multiple industries as well as urban infrastructure emerges as a significant trend in the Australia polyethylene resin market.
Australia Polyethylene Resin Market Analysis
Polyethylene, particularly in its forms of high-density polyethylene (HDPE) and low-density polyethylene (LDPE), is widely used in packaging due to its versatility, durability, and cost-effectiveness. Polyethylene's robustness and flexibility make it an ideal choice for packaging applications, such as bubble wrap and foam sheets, to rigid containers and flexible films. In addition, rapid urbanization and infrastructure development, including the industrial sector's expansion, particularly in logistics and warehousing, relies heavily on polyethylene for packaging, transportation, and storage solutions. Moreover, with the development of a robust polyethylene resin industry, Australia can meet its internal demand more effectively and position itself as a competitive player in the global market. This can lead to the expansion of export opportunities regarding polyethylene resin in the coming years.
Australia Polyethylene Resin Market Overview
Polyethylene resin is produced from the copolymerization of ethylene. It can be converted into film-like materials that retain tensile strength; thus, it is highly preferred in the packaging industry. Further, the major advantages of polyethylene are high chemical resistance, better mechanical strength both at low and high temperatures, high surface gloss, and high resistance to cracking, making it more suitable for film formation.
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Australia Polyethylene Resin Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Australia Polyethylene Resin Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Australia Polyethylene Resin Market Drivers and Opportunities
Rapid Urbanization and Infrastructure Development
Rapid urbanization and infrastructure development lead to an increased need for a wide range of construction materials. As per the International Trade Administration (ITA), the building & construction industry in Australia conducts over US$ 162 billion worth of building and construction work each year. The industry accounts for ~10% of GDP, thereby becoming the fifth-largest industry in the economy. Polyethylene, a versatile and durable plastic, is extensively used in the construction industry for piping systems, insulation, and protective sheathing applications. The material's lightweight nature, coupled with its strength and resistance to chemicals, aligns well with the growing infrastructural requirements of modern Australian cities. The growth of residential, commercial, and industrial sectors in urban areas fuels the demand for various polyethylene products.
Growing Focus on Domestic Manufacturing
A strategic shift toward reducing reliance on imports and enhancing local production capabilities is expected to boost the demand for polyethylene resins. As manufacturing activities increase, the need for raw materials such as polyethylene resins also rises. This material is essential for producing a wide range of products, from packaging materials to automotive components. This surge in demand is likely to encourage investments in local production facilities, fostering innovation and efficiency within the industry in the coming years.
Australia Polyethylene Resin Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Australia polyethylene resin market analysis are type, process, and application.
- The Australia polyethylene resin market, based on type, is segmented into linear low density polyethylene, low density polyethylene, and high density polyethylene. The high density polyethylene segment held the largest market share in 2023.
- By process, the market is segmented into injection molding, extrusion, blow molding, and others. The extrusion segment dominated the Australia polyethylene resin market in 2023.
- In terms of application, the Australia polyethylene resin market is segmented into packaging, automotive, construction, consumer goods, electrical and electronics, textiles, agriculture, medical devices, and others. The packaging segment led the market in 2023 with the largest revenue share.
Australia Polyethylene Resin Market Report Scope
Australia Polyethylene Resin Market News and Recent Developments
The Australia polyethylene resin market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Australia polyethylene resin market are listed below:
- SEE announced the use of certified-circular resins from ExxonMobil in packaging trays for red meat at grocery stores in Australia, a first-of-its-kind circularity initiative in the country to widen the range of plastics that can be recycled while ensuring the safety and quality of packaged fresh foods. (Source: Exxon Mobil Corporation, News Release, July 2023)
- BASF has broken ground on a polyethylene plant at its Verbund site in Zhanjiang, China. The new plant, with a capacity of 500,000 metric tons of polyethylene annually, will serve the rapidly growing demand in China. The plant is scheduled to start operations by 2025. (Source: BASF SE, Trade News, June 2023)
Australia Polyethylene Resin Market Report Coverage and Deliverables
The “Australia Polyethylene Resin Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Australia polyethylene resin market size and forecast for all the key market segments covered under the scope
- Australia polyethylene resin market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- Australia polyethylene resin market analysis covering key market trends, country framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Australia polyethylene resin market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The continuous demand from diverse industries for packaging and rapid urbanization and infrastructure development in Australia fuel the market growth.
The escalating emphasis on plastic recycling is expected to emerge as a future trend in the market.
Saudi Basic Industries Corp, Qenos Pty Ltd, Olympic Polymers Pty Ltd, Martogg & Company, Exxon Mobil Corp, LyondellBasell Industries NV, DuPont de Nemours Inc, Lanxess AG, Chevron Phillips Chemical Company LLC, and BASF SE are among the leading market players.
The market is expected to register a CAGR of 3.4% during 2023–2031.
On the basis of application, the packaging segment dominated the market in 2023.
In terms of type, the high density polyethylene segment held the largest share of the Australia polyethylene resin market in 2023.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
3.3 Limitation and Assumptions
4. Australia Polyethylene Resin Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors/Suppliers:
4.3.4 OEM:
4.3.5 End Users:
4.3.6 List of Vendors in the Value Chain
5. Australia Polyethylene Resin Market – Key Market Dynamics
5.1 Australia Polyethylene Resin Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 High Demand from Diverse Industries for Packaging
5.2.2 Rapid Urbanization and Infrastructure Development
5.3 Market Restraints
5.3.1 High Reliance on Import of Plastics
5.4 Market Opportunities
5.4.1 Growing Focus on Domestic Manufacturing
5.5 Future Trends
5.5.1 Escalating Emphasis on Plastic Recycling
5.6 Impact of Drivers and Restraints:
6. Australia Polyethylene Resin Market Analysis
6.1 Australia Polyethylene Resin Market Volume (Kilo Tons), 2021–2031
6.2 Australia Polyethylene Resin Market Volume Forecast and Analysis (Kilo Tons)
6.3 Australia Polyethylene Resin Market Revenue (US$ Million), 2023–2031
6.4 Australia Polyethylene Resin Market Forecast and Analysis
7. Australia Polyethylene Resin Market Volume and Revenue Analysis – by Type
7.1 Linear Low Density Polyethylene
7.1.1 Overview
7.1.2 Linear Low Density Polyethylene: Australia Polyethylene Resin Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.3 Linear Low Density Polyethylene: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Low Density Polyethylene
7.2.1 Overview
7.2.2 Low Density Polyethylene: Australia Polyethylene Resin Market – Volume and Forecast to 2031 (Kilo Tons)
7.2.3 Low Density Polyethylene: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
7.3 High Density Polyethylene
7.3.1 Overview
7.3.2 High Density Polyethylene: Australia Polyethylene Resin Market – Volume and Forecast to 2031 (Kilo Tons)
7.3.3 High Density Polyethylene: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
8. Australia Polyethylene Resin Market Revenue Analysis – by Process
8.1 Injection Molding
8.1.1 Overview
8.1.2 Injection Molding: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Extrusion
8.2.1 Overview
8.2.2 Extrusion: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Blow Molding
8.3.1 Overview
8.3.2 Blow Molding: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
9. Australia Polyethylene Resin Market Revenue Analysis – by Application
9.1 Packaging
9.1.1 Overview
9.1.2 Packaging: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Automotive
9.2.1 Overview
9.2.2 Automotive: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Construction
9.3.1 Overview
9.3.2 Construction: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Consumer Goods
9.4.1 Overview
9.4.2 Consumer Goods: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Electrical and Electronics
9.5.1 Overview
9.5.2 Electrical and Electronics: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Textiles
9.6.1 Overview
9.6.2 Textiles: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
9.7 Agriculture
9.7.1 Overview
9.7.2 Agriculture: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
9.8 Medical Devices
9.8.1 Overview
9.8.2 Medical Devices: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Collaboration
11.3 Expansions
11.4 New Launch
12. Company Profiles
12.1 Saudi Basic Industries Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Qenos Pty Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Olympic Polymers Pty Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Martogg & Company
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Exxon Mobil Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 LyondellBasell Industries NV
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 DuPont de Nemours Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Lanxess AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Chevron Phillips Chemical Company LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 BASF SE
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. Australia Polyethylene Resin Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. Australia Polyethylene Resin Market – Volume and Forecast to 2031 (Kilo Tons)
Table 4. Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million)
Table 5. Australia Polyethylene Resin Market – Volume and Forecast to 2031 (Kilo Tons) – by Type
Table 6. Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million) – by Type
Table 7. Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million) – by Process
Table 8. Australia Polyethylene Resin Market – Revenue and Forecast to 2031 (US$ Million) – by Application
List of Figures
Figure 1. Australia Polyethylene Resin Market Segmentation, by Geography
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Australia Polyethylene Resin Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Australia Polyethylene Resin Market Volume (Kilo Tons), 2021–2031
Figure 6. Australia Polyethylene Resin Market Revenue (US$ Million), 2023–2031
Figure 7. Australia Polyethylene Resin Market Share (%) – Type, 2023 and 2031
Figure 8. Linear Low Density Polyethylene: Australia Polyethylene Resin Market – Volume and Forecast to 2031(Kilo Tons)
Figure 9. Linear Low Density Polyethylene: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 10. Low Density Polyethylene: Australia Polyethylene Resin Market – Volume and Forecast to 2031(Kilo Tons)
Figure 11. Low Density Polyethylene: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 12. High Density Polyethylene: Australia Polyethylene Resin Market – Volume and Forecast to 2031(Kilo Tons)
Figure 13. High Density Polyethylene: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 14. Australia Polyethylene Resin Market Share (%) – Process, 2023 and 2031
Figure 15. Injection Molding: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 16. Extrusion: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 17. Blow Molding: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 18. Others: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 19. Australia Polyethylene Resin Market Share (%) – Application, 2023 and 2031
Figure 20. Packaging: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 21. Automotive: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 22. Construction: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 23. Consumer Goods: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 24. Electrical and Electronics: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 25. Textiles: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 26. Agriculture: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 27. Medical Devices: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 28. Others: Australia Polyethylene Resin Market – Revenue and Forecast to2031 (US$ Million)
Figure 29. Heat Map Analysis by Key Players
Figure 30. Company Positioning & Concentration
The List of Companies - Americas Frozen Dough Market
- DuPont de Nemours Inc
- Redbak International
- Stile Board Pty Ltd
- Bewi ASA
- Foamex Group Pty Ltd
- Kingspan Group Plc
- Koolfoam Pty Ltd
- The Foam Co
- Owens Corning
- BASF SE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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