Global High Density Polyethylene (HDPE) Market to Reach US$ 113.7 Billion by 2032, Impelled by Rising Demand in Packaging Industry

March 28, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled "High Density Polyethylene (HDPE) Market Report by Feedstock (Naphtha, Natural Gas, and Others), Application (Blow Molding, Film and Sheet, Injection Molding, Pipe and Extrusion, and Others), Manufacturing Process (Gas Phase Process, Slurry Process, Solution Process), and Region 2024-2032" the global high density polyethylene (HDPE) market reached a value of US$ 81.3 Billion in 2023. 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.

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. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 113.7 Billion by 2032, exhibiting a CAGR of 3.7% during 2024-2032.

Market Summary:

  • On the basis of the feedstock, the market has been segmented into naphtha, natural gas and others.
  • Based on the application, the market has been categorized into blow molding, film and sheet, injection molding, pipe and extrusion, and others. Presently, blow molding accounts for the majority of the total market share.
  • On the basis of the manufacturing process, the market has been classified into the gas phase, slurry and solution processes.
  • Based on the region, the market has been divided into the Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. Among these, Asia Pacific currently holds the leading position in the market.
  • 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 LLC, 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 SA, Reliance Industries Ltd., Formosa Plastics Corporation, Daelim Co. Ltd., Prime Polymer Co. Ltd., and Mitsui Chemicals Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Feedstock, Application, Manufacturing Process, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Chevron Phillips Chemical Company LLC,, 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 SA, Reliance Industries Ltd., Formosa Plastics Corporation, Daelim Co. Ltd, Prime Polymer Co. Ltd. and Mitsui Chemicals Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global High Density Polyethylene (HDPE) Market to Reach US$ 113.7 Billion by 2032, Impelled by Rising Demand in Packaging Industry
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