High Density Polyethylene (HDPE) Market Overview:
According to the latest report by IMARC Group, titled “High Density Polyethylene (HDPE) Market Demand: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global high density polyethylene (HDPE) market reached a value of US$ 74.5 Billion in 2021.
High density polyethylene (HDPE) refers to a thermoplastic polymer that is generally produced using petrochemical feedstock. It has several properties, such as enhanced resistance to chemicals and tensile strength, which makes it an ideal choice for varied applications in multiple end-user industries. It is extensively used in the manufacturing of ropes, disposable suits, plastic mailing envelopes, pipes, monobloc chairs, toys and playground equipment. In comparison to standard polyethylene, HDPE remains solid at room temperature and acts as a barrier to moisture. It is usually produced from recycled materials and contains pre-consumer substances. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 97.4 Billion by 2027, exhibiting a CAGR of 4.65% during 2022-2027.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Chevron Phillips Chemical Company, Dynalab Corp., The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries N.V., INEOS AG, Saudi Basic Industries Corporation (SABIC), SINOPEC Beijing Yanshan Company, PetroChina Company Ltd., Braskem, Reliance Industries Ltd., Formosa Plastics Corporation, Daelim Industrial Co. Ltd., Prime Polymer Co. Ltd., and Mitsui Chemicals Inc.
Global High Density Polyethylene (HDPE) Market Trends:
The global market is primarily driven by the escalating product demand in the packaging industry. This is supported by the rising utilization of HDPE in the manufacturing of packaging solutions for fast-moving consumer goods (FMCG), along with healthcare and electronic equipment. Moreover, the growing adoption of HDPE in the manufacturing of bottles, containers, carboys and bags in the food and beverage industry is providing an impetus to the product demand. Additionally, significant growth in the construction industry, along with the increasing investments in infrastructural development projects, are propelling the demand for HDPE materials across the globe. In line with this, the widespread adoption of the product in the manufacturing of water supply systems is creating a positive market outlook. Other factors, including rapid industrialization, and extensive research and development (R&D) activities conducted by key players for introducing improved variants, are also positively influencing the market growth.
Key Market Segmentation:
- Breakup by Feedstock:
- Natural Gas
Breakup by Application:
- Blow Molding
- Film and Sheet
- Injection Molding
- Pipe and Extrusion
Breakup by Manufacturing Process:
- Gas Phase Process
- Slurry Process
- Solution Process
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the High Density Polyethylene (HDPE) Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Machine Vision Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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