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Posted On : Oct-12-2011 | seen (39) times | Article Word Count : 421 |

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According to a new market report published by Lucintel, the future in the global polyethylene (PE) compound market is promising with opportunities in the pipe and fitting, wire and cable, film and sheet and others application. The global polyethylene compound market is expected to reach an estimated $10.5 billion by 2023 with a CAGR of 4.8% from 2018 to 2023. The major drivers for this market are growing residential and non-residential construction activities, and replacement of aging pipelines.
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Asia Pacific (APAC) is expected to remain the largest region by value and volume and is also expected to experience the highest growth over the forecast period due to growth in infrastructure and construction industry and increasing demand of film and packaging products.
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