Global High-Density Polyethylene (HDPE) Market
Global High-Density Polyethylene (HDPE) Market Report Description:
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. 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:
The global high-density polyethylene (HDPE) market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. 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 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.
Increasing Demand from Packaging Industry is fueling the Market
HDPE is a plastic with many applications in packaging due to its unique blend of properties. It is a hydrocarbon polymer created in a catalytic process that results in a final product containing a number of beneficial properties, including a high tensile strength, that complement many packaging needs. It is suitable for use in making various types of packaging including bottles, containers, cartons, bags, and others. Almost 70% of HDPE produced is used in packaging, both flexible and rigid. HDPE packaging is used every day around us in many consumer, scientific and medical applications. The chemistry of the material allows for use in a wide array of applications. It can be processed in many forms to create bottles, containers and film. HDPE can be considered one of the most essential materials in the packaging industry.
Fluctuating Prices of Crude Oil Hampers the Market Growth
Prices of raw materials are linked with crude oil price variations in the global markets. Rising polymer prices, following crude oil price rise, have reduced its demand. The main oil producing countries such as Nigeria, Libya, Venezuela, Iraq and Iran, have political instability which will create problems in supply and demand balance for polymer raw material therefore adversely affect crude oil supply. However, fluctuating prices of crude oil hampers the market growth.
Asia Pacific Accounts for Larger Market Revenue Share in Global High-Density Polyethylene (HDPE) Market
Asia Pacific accounted for larger revenue share in global high-density polyethylene (HDPE) market with considerable CAGR due to the existence of large packaging sector. Also, government spending on infrastructure development is increasing in emerging countries which is enhancing the market growth. Further, China is the main contributor for the market growth as the construction industry is growing rapidly in the country and development of road and rail infrastructure by the government in the recent years.
Competition Assessment
Key player’s profiles in the global high-density polyethylene (HDPE) market include:
- Asahi Kasei Corp. (Japan)
- Braskem S.A. (Brazil)
- Chevron Phillips Chemical Co. (U.S)
- Chevron Phillips Chemical Company (U.S)
- Dynalab Corp. (U.S)
- Exxon Mobil Corporation (U.S)
- Formosa Plastics Corp. (Taiwan)
- LyondellBasell Industries N.V. (Netherland)
- Saudi Basic Industries Corporation (SABIC) (Saudi Arabia)
- The Dow Chemical Company (U.S)
Global high-density polyethylene (HDPE) market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in Mar 2019, Asahi Kasei expanded its battery film production in US, Japan. Rapid growth of the LIB market is primarily driven by automotive applications due to increasing demand for electric-drive vehicles and by energy storage systems, due to a greater adoption of renewable power sources
Key Findings of the Report:
- Global high-density polyethylene (HDPE) market expanding at significant CAGR over 2019 to 2025 owing to increasing demand from the packaging industry
- Based on processing technology, injection moulding segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global High-Density Polyethylene (HDPE) market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Processing Technology
- Blow Moulding
- Film and Sheet Extrusion
- Injection Moulding
- Pipe Extrusion
- Profile Extrusion
By End User
- Agriculture
- Building and Construction
- Electrical and Electronics
- Industry and Machinery
- Packaging
- Transportation
- Other End Users
By Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
