Global High Density Polyethylene Market Report and Forecast Till 2023
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Report Description and Highlights
Report Description
High Density Polyethylene Market Report By Feedstock (Naptha, Natural Gas and Others), Application (Blow Molding, Film & Sheet, Injection Molding, Pipe & Extrusion and Others), Manufacturing Process, Region The global high density polyethylene market has witnessed a stable growth in the recent years. This growth can be attributed to the wide application of high density polyethylene in various industries such as food and beverage, pharmaceutical, plumbing, electronics, and chemical. Market Overview: As per the recent report by IMARC Group, titled “High Density Polyethylene (HDPE) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global high-density polyethylene market reached a value of US$ 63 Billion in 2017. High density polyethylene (HDPE) refers to one of the most durable and versatile thermoplastics which is manufactured by applying intense heat to petroleum under controlled conditions. The high tensile strength and light weight of HDPE adds to its immense popularity making it ideal for manufacturing various kinds of containers and materials. Additionally, HDPE can withstand environmental stresses such as high-temperature treatment and does not create any harmful emissions during its manufacturing or application. Some of the other advantages of HDPE include longer lifespan, moderate price point, resistance to corrosion, chemicals, climate changes, and ease of handling, installing and transportation.
Report Description and Highlights
Report Description
As a result of growing environmental concerns, consumers are increasingly being cautious about the products they purchase and thus, are shifting towards eco-friendly options like HDPE products. In the packaging industry, HDPE finds application in the production of plastic bags, containers, bottles, and caps and closures which are further used in the food and beverage sector. Along with this, HDPE films are employed for packing food on account of their low odor and excellent chemical resistance. A rise in the demand for packaged food due to hectic lifestyles and inflating disposable incomes of the consumers has provided a thrust to the growth of the market across the globe. In the non-food industry, HDPE is used in the manufacturing of containers for soaps, shampoos, detergents, conditioners, bleaches and creams so as to protect the product from spilling as well as various environmental factors. Looking forward, the market value is projected to exceed US$ 82 Billion by 2023, expanding at a CAGR of 4% during 2018-2023. High Density Polyethylene Market Segmentation: Market Segmentation by Feedstock • • •
Naptha Natural Gas Others
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Market Forecast
Sample Figure: Global: High Density Polyethylene Market Forecast: Sales Value (in Billion US$), 2018-2023
184.3
191.7
199.3
207.3
2018
2019
2020
2021
215.6
224.2
2022
2023
Market Segmentation
Report Description
The high density polyethylene market has been bifurcated on the basis of feedstock into naphtha and natural gas. Amongst these, naphtha accounts for a dominant share in the global market. Market Segmentation by Application • • • • •
Blow Molding Film and Sheet Injection Molding Pipe and Extrusion Others
On the basis of application, the market has been divided into blow molding, film and sheet, injection molding, pipe and extrusion, and others. Presently, blow molding remains the largest segment, accounting for the majority of the market share. Market Segmentation by Manufacturing Process • • •
Gas Phase Process Slurry Process Solution Process
Market Segmentation
Report Description
Based on manufacturing process, gas phase process is the leading segment in the high density polyethylene market. Other major manufacturing processes include slurry process and solution process. Market Segmentation by Region • • • • •
North America Europe Asia Pacific Latin America Middle East and Africa
Region-wise, the market has been segregated as Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Currently, Asia Pacific is the leading market, accounting for the majority of the total share due to rising population in the region. Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1058&flag=B Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.
Regional Segmentation
North America
Europ e
Asia- Pacific
Latin America
Middle East and Africa
Market Segmentation
Report Description • • • • • • • • • • • • •
Chevron Phillips Chemical Company Dynalab Corp. The Dow Chemical Company Exxon Mobil Corporation LyondellBasell Industries N.V. INEOS Olefins and Polymers USA INEOS Olefins and Polymers Europe Saudi Basic Industries Corporation (SABIC) SINOPEC Beijing Yanshan Company PetroChina Company Ltd. Braskem Reliance Industries Ltd. Formosa Plastics Corporation
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Report Description and Highlights
Report Description
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