High Density Polyethylene (HDPE) Market Size, Analysis, Price Per Ton, Cost, Outlook & Forecast by 2
by Rahul Rastogi Market Research AnalystThe 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.
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 high-density polyethylene market analysis 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.
Request a Free Copy Sample Report: https://www.imarcgroup.com/request?type=report&id=1058&flag=B
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.
Market Summary:
·
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.
·
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.
·
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.
·
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.
·
The
competitive landscape of the market has also been examined with some of the key
players being 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,
Daelim Industrial Co. Ltd., Prime Polymer Co. Ltd. and Mitsui Chemicals Inc.
Browse Full Report with TOC & List of
Figure: https://www.imarcgroup.com/high-density-polyethylene-market
Download Global High Density Polyethylene Market Research Report PDF Click Here
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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.
Contact US
IMARC Group
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 | www.imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331
Linkedin: https://www.linkedin.com/company/imarc-group
Sponsor Ads
Created on Feb 27th 2019 01:09. Viewed 256 times.