According to ChemAnalyst report, “Global High Density Polyethylene (HDPE) Market Analysis: Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Grade, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2035”, At a steady CAGR of 4.83% over the projection period by 2035, the High Density Polyethylene (HDPE) market is anticipated to grow significantly and reach nearly 70 million tonnes. The rising demand from the Packaging, Construction, Consumer Goods, Agriculture, and Other end-use industries, is expected to swell the High Density Polyethylene (HDPE) market in the forecast period.
High-density polyethylene (HDPE) is a thermoplastic material. Ethylene monomer is employed as a monomer to produce HDPE. Ethylene can be polymerized in the gas phase to create HDPE. Petroleum is used for “cracking,” which involves applying strong heat under regulated circumstances. This results in ethylene gas being produced. Now that these ethylene molecules are then polymerized, HDPE is formed as a result. It can also be synthesized by several techniques, such as the Ziegler-Natta catalysis. Hostalen, Spherilene, Martech, and UNIPOL PE are popular technologies for producing HDPE. The most popular and versatile method for creating a wide variety of polymers is solution polymerization. Ethylene, propylene, and catalyst are polymerized in excess of a hydrocarbon solvent to yield HDPE.
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High Density Polyethylene (HDPE) is a versatile polymer employed in various industries due to its unique properties. HDPE can withstand high temperatures, is tough, opaque, has a high specific strength, and is chemical-resistant. HDPE is UV resistant; thus, the goods produced are protected from the rays’ deteriorating and discolouring effects. Furthermore, due to its chemical resistance, HDPE is perfect for dustbins, motor oil, shampoo, conditioner, and household cleaning materials. Due to its high durability, it is widely used in pipelines in industrial sectors. HDPE can be used for flexible as well as rigid packaging. HDPE is also used to manufacture blow-moulded household, and industrial bottles, oil bottles, and injection-moulded food containers. Due to its flexible nature, HDPE has other applications in making films and flexible packaging.
The High Density Polyethylene (HDPE) market globally is primarily driven by its usage by the packaging sector. This industry is expected to see further expansion due to growing demand for HDPE for packaging by Food and beverage sector for packing read-to-eat meals, milk, meat, and bread. Furthermore, the Consumer goods industry is expected to enhance the demand for High Density Polyethylene (HDPE) in the forecast period. Furthermore, its ease of recyclability is another factor that makes it stand out in the plastic market.
The global High Density Polyethylene (HDPE) market is segmented based on grade, end-use, sales channel, and region. Based on grade, the global High Density Polyethylene (HDPE) market is segmented into Extrusion Moulding, Blow Moulding, Injection Moulding, and Others. Extrusion Moulding is leading the market.
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Based on end-uses, the High Density Polyethylene (HDPE) market is segregated into Packaging, Construction, Consumer Goods, Agriculture, and Other end-use industries. The Packaging Industry is leading the High Density Polyethylene (HDPE) market and accounted for a market share of about 40% of the High Density Polyethylene (HDPE) market in 2021. It is anticipated to retain this position in the forecast period owing to a major chunk of demand by the food and beverage industry along with general-use commodities.
Asia Pacific dominates the global High Density Polyethylene (HDPE) market in terms of consumption. This region held a demand of nearly 40% of the global High Density Polyethylene (HDPE) in 2021. Meanwhile, China is leading as a worldwide producer of High Density Polyethylene (HDPE) and is a giant hub of producing commodities like disposable suits, stools, buckets, cups, etc.
“Global High Density Polyethylene (HDPE) Market Analysis: Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Grade, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2035”, the significant players active in the High Density Polyethylene (HDPE) market are LyondellBasell Industries N.V., INEOS Olefins and Polyolefins, Nizhnekamskneftekhim JSC(NKNK), ORLEN Unipetrol, SCG Chemicals, Lotte Chemical, Chevron Phillips Chemical, Braskem SA, ExxonMobil, and Saudi Polymers Company.
“The expansion of the global High Density Polyethylene (HDPE) market is anticipated to be driven by its growing demand by the packaging sector and the construction industry in the forecast period of 2035. Properties of High Density Polyethylene (HDPE), such as its withstand high temperatures, is tough, opaque, has a high specific strength, and is chemical-resistant leads to its application multiple industries. Plus, the ability of HDPE for recycling is expected to further boost the demand for High Density Polyethylene (HDPE) in the upcoming years. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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