Since a major part of Iran's petrochemical base products has been taken into account for export, it is essential and inevitable to consider international markets to examine the economic conditions of petrochemical development projects. The aim of this research in Iran’s petrochemical industry is access to appropriate solutions to solve the facing challenges as well as development of innovation management model in petrochemical companies producing polyethylene products with the approach of the new polyethylene goods. Data collection was conducted using the library and field studies. After taking these steps, 58 main indicators were considered by experts’ screening among 130 extracted indices. Based on these indicators, final questionnaire was designed by Likert scale and it was also distributed. Finally, after asking comments of 105 managers and experts in 5 Petrochemical Companies producing polyethylene products on these indicators, Data were collected and the research model was fitted using structural equation and Smart PLS software. After fitting, 29 indices, 2 factors and 6 dimensions were accepted for designing model. General dimension was composed of economic, organizational, regulatory and supervision factors while specific dimension was formed of technological, technical, marketing and systemic factors. According to research conducted for successful innovation management, considering all the above mentioned points is necessary in Petrochemical companies which are producers of polyethylene products.