DUBLIN--(BUSINESS WIRE )--The "Polyethylene Insulation Materials Market By Type, By Application: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global polyethylene insulation material market was valued at $15.9 billion in 2020, and is projected to reach $26.0 billion by 2030, growing at a CAGR of 5.0% from 2021 to 2030.
Polyethylene is one of the commonly used polymers and is synthesized chemically from ethylene. Polyethylene insulation materials, such as wires & cables and packaging & goods, are used in industries. It has a low dielectric constant, which makes the polymer a good insulator.
In addition, its high resistance to moisture helps in the manufacturing of wires & cables. Polyethylene insulation materials are also used for packaging purposes and in the production of consumer goods, which includes electronic goods and machineries.
The use of polyethylene products as insulators is expected to increase owing to the burgeoning global population and growth of emerging economies. Wire & cable sector is expected to grow rapidly due to increase in demand from power, telecommunication, and real estate sectors in the emerging economies such as India, China, Brazil, and Russia, which boosts insulation polyethylene market.
Asia-Pacific's consumer goods sector represents a bright spot for insulation polyethylene market during the forecast period. Fluctuations in raw material prices and stringent regulations imposed by the regulatory bodies on the use of polyethylene owing to its harmful effects on the environment may hamper the market growth.
On the basis of resin type, the polyethylene insulation materials market is segmented into type, application, and region. On the basis of type, it is fragmented into high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE) and others. By application, the market is segmented into wires & cables, packaging, consumer goods, pipes & fittings, roof & wall insulation, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900