Global Expanded Polyethylene market will reach 3,393.9 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/20

Expanded polyethylene or EPE offers remarkable resistance to moisture and excellent thermal insulation. It is also known for its durability and flexibility. All of these properties make it a suitable material for packaging of electronics. In addition, it also finds usage in the automotive industry for improved acoustics, thermal insulation, and impact absorption amongst others. Thus, emerging economies that are automobile manufacturing hubs are expected to create many lucrative opportunities for the expanded polyethylene.

On the flip side, the increasing concerns about the environment are expected to restrain the growth of the global expanded polyethylene market. Increasing worries about mounting landfills and questions about disposability of expanded polyethylene have been identified as the key restraints for the overall market.

The global expanded polyethylene market is expected to surge at a steady pace, observes QY Research in its latest research report. The growing significant of expanded polyethylene in a wide range of industries is projected to bode well for the market. The report states that the market for expanded polyethylene will jump to US$3,393.9 mn by the end of 2025 from US$2,456.7 mn in 2018. The overall market is projected to exhibit a CAGR of 5.53% during the forecast period as the market grows 1.4 times in terms revenue.

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https://www.qyresearch.com/index/detail/818125/global-expanded-polyethylene-market
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