The High-Density Polyethylene Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s High-Density Polyethylene Global Market Report 2024, The high-density polyethylene market size has grown rapidly in recent years. It will grow from $102.33 billion in 2023 to $113.17 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to industrialization and infrastructure development, substitution for traditional materials, rise in consumer packaging demand, environmental regulations, growth of the retail sector.
The high-density polyethylene market size is expected to see rapid growth in the next few years. It will grow to $166.4 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to growing demand for sustainable packaging, infrastructure development in emerging markets, expanding use in healthcare sector, rise in e-commerce activities, demand for hdpe in 3d printing. Major trends in the forecast period include advancements in hdpe recycling technologies, technological advancements in production, expanding applications in construction sector, shift towards circular economy practices, growing demand for hdpe in agriculture.
The unique set of properties of PE-HD (high-density polyethylene), such as lightweight, impact resistance, flexibility, and the ability to resist low temperatures, serve as the most important market drivers. These properties have increased demand for PE-HD in end-user industries such as manufacturing, energy, geothermal, marine, mining, landfill, HVAC, gas, oil, mining, and agricultural industries. HDPE pipe is environmentally sustainable because it is non-toxic, corrosion and chemical resistant and has a long lifespan. According to the Pipeline & Gas Journal, many oil and gas companies are exploring plastic pipes as an alternative for pipeline transportation to reduce operational expenses as they are corrosion-resistant, flexible, and lightweight.
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The high-density polyethylene market covered in this report is segmented –
1) By Product Type: PE 63, PE 80, PE 100
2) By Application: Oil And Gas Pipe, Agricultural Irrigation Pipe, Water Supply Pipe, Sewage System Pipe, Other Applications
3) By End User Industry: Packaging, Building and Construction, Agriculture, Automotive, Other End Use Industries
Companies involved in the high-density polyethylene (PE-HD) market are investing heavily to increase the sustainability of PE-HD. Companies are making efforts to use environmentally safe raw materials while maintaining the quality and safety standards of their products. Following the trend, for instance, Chevron Phillips Chemical is one of the top suppliers of polyethylene in the world. It provides high-density (HDPE), medium-density (MDPE), low-density (LDPE), linear low-density (LLDPE), metallocene, and masterbatches for a broad range of applications, including pressure pipes, soap and detergent bottles, flexible packaging, coatings and laminations, films, and more.
The high-density polyethylene market report table of contents includes:
1. Executive Summary
2. High-Density Polyethylene Market Characteristics
3.High-Density Polyethylene Market Trends And Strategies
4.High-Density Polyethylene Market analysis
5.High-Density Polyethylene Market Size And Growth
6. High-Density Polyethylene Segmentation
7.High-Density Polyethylene Regional And Country Analysis
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27.High-Density Polyethylene Competitive Landscape And Company Profiles
28. High-Density Polyethylene Key Mergers And Acquisitions
29. High-Density Polyethylene Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- China Petroleum & Chemical Corporation
- PetroChina Company Limited
- Exxon Mobil Corp.
- TotalEnergies SE
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A new report published by the Transparency Market Research (TMR) states that the highly competitive landscape of the global market for high-density polyethylene demonstrate fragmented structure, due to presence of large number of participants at the global and regional level across the globe.
The top three players such as SABIC, Chevron Phillips Chemical Company and LyondellBasell Industries jointly account for 16.3% of the overall market.
The strong chain of the operators functioning for high-density polyethylene demonstrate high usage of this product likely to boost demand in near future.
However, the new entrants entering into the market is very low, due to high investment required for the establishing new plants and there is very less provision for raw materials.As per TMR, the global market for high-density polyethylene is expected to touch a valuation of to US$84.79 bn by 2023 end, rising from US$62.8 bn in 2016.This market is expected to expand at a 4.6% CAGR from the period between 2015 till 2023.Are you a start-up willing to make it big in the business?
Grab an exclusive PDF sample of this report herePackaging Industry Likely to Boost Demand for Global High-Density Polyethylene MarketAbout 30% of the several material utilized for packaging is high-density polyethylene.
The demand for product is high, this is one of the important factor positively supporting growth of the global high-density polyethylene market.
