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High-Density Polyethylene Market: By Processing Technology, By End User and Geography
High-Density Polyethylene Market: By Processing Technology, By End User and Geography
High-Density Polyethylene (HDPE) Market was valued at US$ 66.23 billion in 2022 and is poised to grow at a CAGR of 4.77% from 2023-2029. Polyethylene thermoplastic manufactured from naphtha, natural gas, or gas oil, for example, is known as high-density polyethylene. One kilogram of high-density polyethylene requires around 1.75 kilos of petroleum (in terms of, both, energy and raw materials). The density of high-density polyethylene ranges from 0.93 g/cm3 to 0.97 g/cm3. High-density polyethylene has a lower branching density than low-density polyethylene, resulting in a stronger intermolecular force and tensile strength. Because the strength difference surpasses the density difference, high-density polyethylene has a higher specific strength. Due to severe emission rules, the worldwide High-Density Polyethylene market is primarily driven by rising demand for lightweight automobiles. As a result, increasing the use of lightweight materials for improved safety and fuel efficiency is expected to benefit the industry during the forecast period. The expansion of the High-Density Polyethylene market is also aided by the increased usage of plastic and paper as packaging materials. Some of the key factors propelling the market growth include vigorous demand for HDPE from the packaging Industry, increasing preference for high-density polyethylene bottles from pharmaceutical companies, increasing application scope in construction and increasing use of high-density polyethylene in the production of UV-protected sheets and tarpaulins. However, fluctuating raw material prices are hampering the market growth. In addition, HDPE has low moisture absorption, chemical & corrosion resistance, excellent tensile strength and strong impact resistance characteristics. Due to these properties, it finds its use in various applications and industries which increases the market growth. The global high-density polyethylene (HDPE) market is surging owing to frequent acquisitions and launchings by the market players.
Study Period
2024-2030Base Year
2023CAGR
4.77%Largest Market
Asia-PacificFastest Growing Market
Europe
The report on global high-density polyethylene (HDPE) market gives historical, current, and future market sizes (US$ Mn) on the basis of processing technology, end user and region. This report studies global high-density polyethylene (HDPE) market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global high-density polyethylene (HDPE) market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global high-density polyethylene (HDPE) market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global high-density polyethylene (HDPE) market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global high-density polyethylene (HDPE) products.
Global High-Density Polyethylene (HDPE) market report gives comprehensive outlook on high-density polyethylene (HDPE) across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Due to the presence of a substantial packaging sector in this region, Asia Pacific was the largest market for HDPE in 2013. Furthermore, rising government spending on infrastructure development in emerging nations such as India and China is likely to enhance the high-density polyethylene market throughout the forecast period. Due to the significant demand for HDPE for film and injection moulding products, Europe was the second-largest market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 66.23 billion |
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Market CAGR |
4.77% |
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By Processing Technology |
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By End User |
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By Region |
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The high-density polyethylene (HDPE) market is projected to expand at a CAGR of 4.77% during the forecast period.
Asahi Kasei Corp, Braskem S.A, Chevron Phillips Chemical Co, Chevron Phillips Chemical Company, Dynalab Corp, Exxon Mobil Corporation, Formosa Plastics Corp, LyondellBasell Industries N.V, Saudi Basic Industries Corporation, The Dow Chemical Company
Increasing Use of Plastic Pipes as Substituents
Table of Content
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.