US Polyethylene Resin Demand to Rise 1.7% Annually in Volume Terms to 2022

CLEVELAND, Jan. 18, 2019 /PRNewswire/ -- Polyethylene resin demand in the US is forecast to increase 1.7% annually in volume terms through 2022, according to Polyethylene: United States, a report recently released by Freedonia Focus Reports. Positive macroeconomic conditions will increase shipments of manufactured goods, boosting demand for polyethylene packaging. In addition, increasing housing construction activity is expected to boost demand for polyethylene in building products such as pipe. However, limited opportunities to penetrate new domestic markets and ongoing source reduction efforts in the packaging industry are forecast to restrain further sales growth. In addition, polyethylene producers will continue to face strong competition from manufacturers of alternative resins (such as polypropylene) and other materials (e.g., paper).