What is the estimated earnings from Dow's ethylene derivatives at the Thai joint ventures, polyethylene for high-performance packaging applications at its Alberta operations and surfactants for leading brand owners laundry and home care end markets in the next several years? 
g-term value for all our stakeholders at our upcoming 2021 Investor Day on October 6, which will be hosted both virtually and in person in New York City.
Stay tuned for more details. We look forward to engaging with you. On Slide 8, as we shared last quarter, we continue to see demand across our ethylene, polyethylene, polyurethanes, acrylics, and silicones value chains outpacing supply through 2021 and staying balanced in the near term. These market dynamics will be further supported through 2022 and beyond by the GDP-fueled market growth trends we just discussed.
Some industry views call for softening conditions largely based on their view of announced capacity additions. However, they do not account for industry delays and cancellations, and when coupled with elevated demand growth from continued reopening of the global economy, will likely lead to tighter-than-forecasted market conditions, all of which will result in continued earnings, margin, and cash flow growth for Dow in the near term. And while we capture these improved earnings in our core businesses, our current slate of lower capital, faster payback, and higher return capacity expansions will generate an additional $1 billion of accretive earnings over the next several years, with many projects delivering earnings already this year, such as our ethylene derivatives at the Thai joint ventures, polyethylene for high-performance packaging applications at our Alberta operations and surfactants for leading brand owners laundry and home care end markets. And notably, in the second quarter, we progressed our polyethylene glycol incremental expansion, completing customer qualification ahead of schedule and beginning shipments of our industry-leading CARBOWAX SENTRY polyethylene glycol active pharmaceutical ingredients.
Combined with favorable supply and demand fundamentals, these projects further enable Dow to continue to deliver significant value for our owners over this foreseeable future. We'll close on Slide 9. Our steadfast execution of the operational and financial playbook that we outlined at spin, combined with our agile response to market conditions over the past year, have enabled us to deliver strong performance and enhanced value to our shareholders. We are uniquely positioned to continue building on that strong foundation today.
Our value proposition starts with our differentiated portfolio and an asset base that is characterized by, first, our feedstock flexibility and position, which supports our low-cost position and enables us to drive higher asset utilization and maximize cash margins as we quickly balance our feedstock and product mix to supply end demand dynamics. And second, our leading scale, global footprint, and differentiated portfolio provide us with access to high-growth end markets in all major regions. We have achieved strong performance in this early part of the economic recovery and remain advantaged through our participation in higher-margin functional polymers, silicones, and formulated systems. We continue to develop innovative solutions to address our customers' needs and capture the opportunities arising from critical market trends.
Our high-value adhesives and innovative packaging solutions support the rapidly growing e-commerce sector. Through our mobility science platform, we are targeting low-carbon enabling, mobility, electric, and autonomous vehicle opportunities. More broadly, across our portfolio, we are enhancing the sustainability of our solutions and the value chains they serve. For example, deploying lower-carbon energy solutions in gas trading, carbon capture, and concentrated solar power at our operations.
And through value chain collaboration, we are increasing post-consumer recycled content in our products and enabling the design of fully recyclable packaging. Today, more than 80% of Dow products for packaging applications are reusable or recyclable, and our research and technical teams are working actively on the remainder to achieve that same goal. Beyond the strength of our portfolio and our innovation investmen
g-term value for all our stakeholders at our upcoming 2021 Investor Day on October 6, which will be hosted both virtually and in person in New York City.
Stay tuned for more details. We look forward to engaging with you. On Slide 8, as we shared last quarter, we continue to see demand across our ethylene, polyethylene, polyurethanes, acrylics, and silicones value chains outpacing supply through 2021 and staying balanced in the near term. These market dynamics will be further supported through 2022 and beyond by the GDP-fueled market growth trends we just discussed.
Some industry views call for softening conditions largely based on their view of announced capacity additions. However, they do not account for industry delays and cancellations, and when coupled with elevated demand growth from continued reopening of the global economy, will likely lead to tighter-than-forecasted market conditions, all of which will result in continued earnings, margin, and cash flow growth for Dow in the near term. And while we capture these improved earnings in our core businesses, our current slate of lower capital, faster payback, and higher return capacity expansions will generate an additional $1 billion of accretive earnings over the next several years, with many projects delivering earnings already this year, such as our ethylene derivatives at the Thai joint ventures, polyethylene for high-performance packaging applications at our Alberta operations and surfactants for leading brand owners laundry and home care end markets. And notably, in the second quarter, we progressed our polyethylene glycol incremental expansion, completing customer qualification ahead of schedule and beginning shipments of our industry-leading CARBOWAX SENTRY polyethylene glycol active pharmaceutical ingredients.
Combined with favorable supply and demand fundamentals, these projects further enable Dow to continue to deliver significant value for our owners over this foreseeable future. We'll close on Slide 9. Our steadfast execution of the operational and financial playbook that we outlined at spin, combined with our agile response to market conditions over the past year, have enabled us to deliver strong performance and enhanced value to our shareholders. We are uniquely positioned to continue building on that strong foundation today.
 Our value proposition starts with our differentiated portfolio and an asset base that is characterized by, first, our feedstock flexibility and position, which supports our low-cost position and enables us to drive higher asset utilization and maximize cash margins as we quickly balance our feedstock and product mix to supply end demand dynamics. And second, our leading scale, global footprint, and differentiated portfolio provide us with access to high-growth end markets in all major regions. We have achieved strong performance in this early part of the economic recovery and remain advantaged through our participation in higher-margin functional polymers, silicones, and formulated systems. We continue to develop innovative solutions to address our customers' needs and capture the opportunities arising from critical market trends.
Our high-value adhesives and innovative packaging solutions support the rapidly growing e-commerce sector. Through our mobility science platform, we are targeting low-carbon enabling, mobility, electric, and autonomous vehicle opportunities. More broadly, across our portfolio, we are enhancing the sustainability of our solutions and the value chains they serve. For example, deploying lower-carbon energy solutions in gas trading, carbon capture, and concentrated solar power at our operations.
And through value chain collaboration, we are increasing post-consumer recycled content in our products and enabling the design of fully recyclable packaging. Today, more than 80% of Dow products for packaging applications are reusable or recyclable, and our research and technical teams are working actively on the remainder to achieve that same goal. Beyond the strength of our portfolio and our innovation investmen