In terms of revenue, global PE-RT market in 2019 stood at USD 660.52 million and is expected to reach USD 863.91 million by 2027 growing at a CAGR of 3.46% from 2020 to 2027.
Some of the global major players operating in the global PE-RT market include: DowDuPont, SK Corp, LG Chem, Ineos, DAELIM & Others.
Drivers for the Global PE-RT Market:
Due to its utilization in upstream as raw material, the product quality and the downstream demand are the driving factors that led to the growth of this market. Industrialization and urbanization with increased adoption of technology is propelling the demand for PE-RT (Polyethylene of Raised Temperature) market. While the PE-RT is cost-effective and can compete with high-end engineering plastics by the replacement with various metal applications that are utilized in drainage and irrigation. However, due to changing lifestyles, increasing economic conditions, the use of advanced technologies & decorative materials for flooring & for wall heating & cooling in their houses are increasing rapidly which is boosting the growth of this market.
Opportunities for the Global PE-RT Market:
PE-RT material is preferred for its advantages over metal, cardboard, glass, and cables made from high-density polyethylene are widely utilized for infrastructure expansions. While PE-RT films are rapidly growing amongst all the PE-RT product types, especially from the packaging industries. Low odor and excellent chemical resistance make PE-RT films favorable for its utility in food packaging. Thus, these factors will lead to the growth of this market in the forecast periods. Moreover, research and development plays a vital role in PE-RT materials and will provide an opportunity for market growth during the forecast period.
Restrains for the Global PE-RT Market:
The High cost associated with raw materials and inadequate availability of the raw materials is the factors hampering the growth of PE-RT (Polyethylene of Raised Temperature) market. While the industries are facing the challenges of high technical barriers and low production capabilities that are the factors creating a negative impact of this market. In addition to this, the chemicals utilized as a raw material for the preparation of polyethylene are of the high cost. Thus, cost sensitivity is one of the main factors that is declining the growth of this market. However, PE-RT is capable of cracking and it shrinks in a higher molding process, these factors hinder the market growth.
Region Wise, Global PE-RT Market Analysis:
Report covers the region-wise analysis, global hydroxyapatite ceramics market can be segmented into North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa. Among all, Asia Pacific leads the global hydroxyapatite ceramics market share which is followed by North America and Europe. While the Asia Pacific leads the global hydroxyapatite ceramics market share due to the growth in GDP, increase in research activities, and rise in investments in new PE-RT technology. In addition to this, Government initiatives for increasing output and favorable policies are encouraging the sustainability and benefits from possible health and environmental problems caused by polyvinyl chlorides. While, the positive economic growth trends in countries such as India, China, and Japan, has boosted the demand for PE-RT market in Asia-Pacific region.
Global PE-RT Market: Product analysis
Global PE-RT Market: Application analysis
- Under-floor and Wall Heating & Cooling
- Plumbing & Drinking Water Supply
- Industrial Pipes and Fittings
Global PE-RT Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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