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The global high density polyethylene (HDPE) market reached a value of US$ 74.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 97.4 Billion by 2027, exhibiting at a CAGR of 4.65% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
High density polyethylene (HDPE) is a moderately stiff plastic with a highly crystalline structure. It is strong, inexpensive, possesses excellent processability, and has several characteristics that make it an ideal material for packaging and manufacturing applications. It is tougher than standard polyethylene, acts as a powerful barrier against moisture, and remains solid at room temperature. Besides this, it is resistant to insects, rot, and chemicals. HDPE does not generate harmful emissions during its manufacturing or during application by end users. As it also leaks no harmful chemicals into the soil or water, its sales are increasing worldwide.
HDPE finds extensive application in numerous industries on account of its low moisture absorption and chemical and corrosion resistance. For instance, it is widely utilized in the packaging industry across the globe due to rapid urbanization, boosting sales of smart devices, increasing internet penetration and the thriving e-commerce sector. Moreover, there is a rise in the employment of HDPE in the food and beverage (F&B) sector on account of its increasing usage in the production of various products, such as bottle caps, food storage containers, and bags. This, coupled with the growing on-the-go food consumption, rising number of online food delivery platforms and the certification of HDPE as a food-grade polymer, is strengthening the market growth. Apart from this, pipes made from HDPE are used in the construction industry around the world for residential plumbing purposes. This, in confluence with the rising global population, is fueling the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global high density polyethylene (HDPE) market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on feedstock, application and manufacturing process.
Breakup by Feedstock:
Breakup by Application:
At present, blow molding accounts for the majority of the total market share.
Breakup by Manufacturing Process:
Breakup by Region:
The Asia Pacific currently enjoys the leading position in the market on account of the increasing construction activities in the region.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are 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.
|Base Year of the Analysis||2021|
|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, 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.|
|Customization Scope||10% Free Customization|
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|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)|
Key Questions Answered in This Report:
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