ID: MRFR/CnM/5845-HCR | February 2021 | Region: Global | 140 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of Buyers
4.1.3 Bargaining power of Suppliers
4.1.4 Threat of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain of Global High-Density Polyethylene Market
4.3 Pricing Analysis
4.4 Trade Analysis
5 Industry Overview of Global High-Density Polyethylene Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7. Global High-Density Polyethylene Market, by Product Type
7.1 Introduction
7.2 Blow Molded HDPE
7.2.1 Market Estimates & Forecast, 2020β2027
7.2.2 Market Estimates & Forecast, by Region, 2020β2027
7.3 Injection Molded HDPE
7.3.1 Market Estimates & Forecast, 2020β2027
7.3.2 Market Estimates & Forecast, by Region, 2020β2027
7.4 HDPE Pipes
7.4.1 Market Estimates & Forecast, 2020β2027
7.4.2 Market Estimates & Forecast, by Region, 2020β2027
7.5 HDPE Sheets
7.5.1 Market Estimates & Forecast, 2020β2027
7.5.2 Market Estimates & Forecast, by Region, 2020β2027
7.6 HDPE Films
7.6.1 Market Estimates & Forecast, 2020β2027
7.6.2 Market Estimates & Forecast, by Region, 2020β2027
7.7 Colored HDPE
7.7.1 Market Estimates & Forecast, 2020β2027
7.7.2 Market Estimates & Forecast, by Region, 2020β2027
7.8 Others
7.8.1 Market Estimates & Forecast, 2020β2027
7.8.2 Market Estimates & Forecast, by Region, 2020β2027
8. Global High-Density Polyethylene Market, by End-Use Industry
8.1 Introduction
8.2 Packaging
8.2.1 Market Estimates & Forecast, 2020β2027
8.2.2 Market Estimates & Forecast, by Region, 2020β2027
8.3 Automotive
8.3.1 Market Estimates & Forecast, 2020β2027
8.3.2 Market Estimates & Forecast, by Region, 2020β2027
8.4 Building & Construction
8.4.1 Market Estimates & Forecast, 2020β2027
8.4.2 Market Estimates & Forecast, by Region, 2020β2027
8.5 Consumer Goods
8.5.1 Market Estimates & Forecast, 2020β2027
8.5.2 Market Estimates & Forecast, by Region, 2020β2027
8.6 Healthcare
8.6.1 Market Estimates & Forecast, 2020β2027
8.6.2 Market Estimates & Forecast, by Region, 2020β2027
8.7 Electrical & Electronics
8.7.1 Market Estimates & Forecast, 2020β2027
8.7.2 Market Estimates & Forecast, by Region, 2020β2027
8.8 Industrial Machinery
8.8.1 Market Estimates & Forecast, 2020β2027
8.8.2 Market Estimates & Forecast, by Region, 2020β2027
8.9 Others
8.9.1 Market Estimates & Forecast, 2020β2027
8.9.2 Market Estimates & Forecast, by Region, 2020β2027
9. Global High-Density Polyethylene Market, by Region
9.1 Introduction
9.2 North America
9.2.1 Market Estimates & Forecast, 2020β2027
9.2.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.2.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.2.4 US
9.2.4.1 Market Estimates & Forecast, 2020β2027
9.2.4.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.2.4.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.2.5 Canada
9.2.5.1 Market Estimates & Forecast, 2020β2027
9.2.5.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.2.5.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.3 Europe
9.3.1 Market Estimates & Forecast, 2020β2027
9.3.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.3.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.3.4 Germany
9.3.4.1 Market Estimates & Forecast, 2020β2027
9.3.4.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.3.4.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.3.5. France
9.3.5.1 Market Estimates & Forecast, 2020β2027
9.3.5.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.3.5.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.3.6 Italy
9.3.6.1 Market Estimates & Forecast, 2020β2027
9.3.6.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.3.6.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.3.7 Spain
9.3.7.1 Market Estimates & Forecast, 2020β2027
9.3.7.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.3.7.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.3.8 UK
9.3.8.1 Market Estimates & Forecast, 2020β2027
9.3.8.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.3.8.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.3.9 Russia
9.3.9.1 Market Estimates & Forecast, 2020β2027
9.3.9.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.3.9.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.3.10 Poland
9.3.10.1 Market Estimates & Forecast, 2020β2027
9.3.10.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.3.10.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.4 Asia-Pacific
9.4.1 Market Estimates & Forecast, 2020β2027
9.4.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.4.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.4.4 China
9.4.4.1 Market Estimates & Forecast, 2020β2027
9.4.4.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.4.5 India
9.4.4.1 Market Estimates & Forecast, 2020β2027
9.4.4.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.4.6 Japan
9.4.5.1 Market Estimates & Forecast, 2020β2027
9.4.5.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.4.7 Australia
9.4.7.1 Market Estimates & Forecast, 2020β2027
9.4.7.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.4.7.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.4.8 New Zealand
9.4.8.1 Market Estimates & Forecast, 2020β2027
9.4.8.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.4.8.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.4.9 Rest of Asia-Pacific
9.4.9.1 Market Estimates & Forecast, 2020β2027
9.4.9.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.4.9.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.5 Middle East & Africa
9.5.1 Market Estimates & Forecast, 2020β2027
9.5.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.5.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.5.4 Turkey
9.5.4.1 Market Estimates & Forecast, 2020β2027
9.5.4.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.5.4.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.5.5 Israel
9.5.5.1 Market Estimates & Forecast, 2020β2027
9.5.5.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.5.5.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.5.6 North Africa
9.5.6.1 Market Estimates & Forecast, 2020β2027
9.5.6.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.5.6.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.5.7 GCC
9.5.7.1 Market Estimates & Forecast, 2020β2027
9.5.7.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.5.7.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.5.8 Rest of the Middle East & Africa
9.5.8.1 Market Estimates & Forecast, 2020β2027
9.5.8.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.5.8.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.6 Latin America
9.6.1 Market Estimates & Forecast, 2020β2027
9.6.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.6.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.6.4 Brazil
9.6.4.1 Market Estimates & Forecast, 2020β2027
9.6.4.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.6.4.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.6.5 Argentina
9.6.5.1 Market Estimates & Forecast, 2020β2027
9.6.5.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.6.5.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.6.6 Mexico
9.6.6.1 Market Estimates & Forecast, 2020β2027
9.6.6.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.6.6.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
9.6.7 Rest of Latin America
9.6.7.1 Market Estimates & Forecast, 2020β2027
9.6.7.2 Market Estimates & Forecast, by Product Type, 2020β2027
9.6.7.3 Market Estimates & Forecast, by End-Use Industry, 2020β2027
10. Company Landscape
11. Company Profiles
11.1 Reliance Industries Limited
11.1.1 Company Overview
11.1.2 Product Type/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 Exxon Mobil Corporation
11.2.1 Company Overview
11.2.2 Product Type/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 DowDuPont
11.3.1 Company Overview
11.3.2 Product Type/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 LyondellBasell Industries Holdings B.V.
11.4.1 Company Overview
11.4.2 Product Type/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
11.5 INEOS Group Holdings SA
11.5.1 Company Overview
11.5.2 Product Type/Business Segment Overview
11.5.3 Financial Updates
11.5.4 Key Developments
11.6 SABIC
11.6.1 Company Overview
11.6.2 Product Type/Business Segment Overview
11.6.3 Financial Updates
11.6.4 Key Developments
11.7 Petronas Chemicals Group Berhad
11.7.1 Company Overview
11.7.2 Product Type/Business Segment Overview
11.7.3 Financial Updates
11.7.4 Key Developments
11.8 China Petrochemical Corporation
11.8.1 Company Overview
11.8.2 Product Type/Business Segment Overview
11.8.3 Financial Updates
11.8.4 Key Developments
11.9 Mitsui Chemicals Inc.
11.9.1 Company Overview
11.9.2 Product Type/Business Segment Overview
11.9.3 Financial Updates
11.9.4 Key Developments
11.10 Chevron Phillips Chemical Company
11.10.1 Company Overview
11.10.2 Product Type/Business Segment Overview
11.10.3 Financial Updates
11.10.4 Key Developments
12. Conclusion
LIST OF TABLES
Table 1 World Population in Major Regions (2020β2030)
Table 2 Global High-Density Polyethylene Market, by Region, 2020β2027
Table 3 North America: High-Density Polyethylene Market, by Country, 2020β2027
Table 4 Europe: High-Density Polyethylene Market, by Country, 2020β2027
Table 5 Asia-Pacific: High-Density Polyethylene Market, by Country, 2020β2027
Table 7 Middle East & Africa: High-Density Polyethylene Market, by Country, 2020β2027
Table 6 Latin America: High-Density Polyethylene Market, by Country, 2020β2027
Table 8 Global High-Density Polyethylene Product Type Market, by Region, 2020β2027
Table 9 North America: High-Density Polyethylene Product Type Market, by Country, 2020β2027
Table 10 Europe: High-Density Polyethylene Product Type Market, by Country, 2020β2027
Table11 Asia-Pacific: High-Density Polyethylene Product Type Market, by Country, 2020β2027
Table13 Middle East & Africa: High-Density Polyethylene Product Type Market, by Country, 2020β2027
Table12 Latin America: High-Density Polyethylene Product Type Market, by Country, 2020β2027
Table14 North America: High-Density Polyethylene End-Use Industry Market, by Country, 2020β2027
Table13 Europe: High-Density Polyethylene End-Use Industry Market, by Country, 2020β2027
Table14 Asia-Pacific: High-Density Polyethylene End-Use Industry Market, by Country, 2020β2027
Table16 Middle East & Africa: High-Density Polyethylene End-Use Industry Market, by Country, 2020β2027
Table15 Latin America: High-Density Polyethylene End-Use Industry Market, by Country, 2020β2027
Table23 Global Product Type Market, by Region, 2020β2027
Table24 Global End-Use Industry Market, by Region, 2020β2027
Table25 North America: High-Density Polyethylene Market, by Country, 2020β2027
Table26 North America: High-Density Polyethylene Market, by Product Type, 2020β2027
Table27 North America: High-Density Polyethylene Market, by End-Use Industry, 2020β2027
Table28 Europe: High-Density Polyethylene Market, by Country, 2020β2027
Table29 Europe: High-Density Polyethylene Market, by Product Type, 2020β2027
Table30 Europe: High-Density Polyethylene Market, by End-Use Industry, 2020β2027
Table31 Asia-Pacific: High-Density Polyethylene Market, by Country, 2020β2027
Table32 Asia-Pacific: High-Density Polyethylene Market, by Product Type, 2020β2027
Table33 Asia-Pacific: High-Density Polyethylene Market, by End-Use Industry, 2020β2027
Table36 Middle East & Africa: High-Density Polyethylene Market, by Country, 2020β2027
Table37 Middle East & Africa High-Density Polyethylene Market, by Product Type, 2020β2027
Table33 Middle East & Africa: High-Density Polyethylene Market, by End-Use Industry, 2020β2027
Table34 Latin America: High-Density Polyethylene Market, by Country, 2020β2027
Table35 Latin America High-Density Polyethylene Market, by Product Type, 2020β2027
Table33 Latin America: High-Density Polyethylene Market, by End-Use Industry, 2020β2027
LIST OF FIGURES
FIGURE 1 Global High-Density Polyethylene Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global High-Density Polyethylene Market
FIGURE 4 Value Chain of Global High-Density Polyethylene Market
FIGURE 5 Share of Global High-Density Polyethylene Market in 2020, by Country (%)
FIGURE 6 Global High-Density Polyethylene Market, 2020β2027,
FIGURE 7 Sub-Segments of Product Type, 2020
FIGURE 8 Global High-Density Polyethylene Market Size, by Product Type, 2020
FIGURE 9 Share of Global High-Density Polyethylene Market, by Product Type, 2020β2027
FIGURE 10 Sub-Segments of End-Use Industry
FIGURE 11 Global High-Density Polyethylene Market Size, by End-Use Industry, 2020
FIGURE 12 Share of Global High-Density Polyethylene Market, by End-Use Industry, 2020β2027
$97.4 billion
4.65%
Asia-pacific
2020-2027
High-Density Polyethylene Market is expected to surpass the market value of over USD 97.4 billion by the year 2027 while registering a CAGR of 4.65% during the forecast period.
High-density polyethylene is a stiff plastic material that exhibits favorable characteristics such as higher tensile strength, processability, inexpensive and environmentally friendly. They don’t excrete harmful gases or waste to the environment either during the manufacturing processes or during degradation. Also, the potential characteristics such as inexpensive, tougher structure, a barrier against moisture and temperature, good resistance to insects, and chemicals, and several features have propelled several end-user applications to adopt the high-density polyethylene. Since several developed countries are diverting the chemical excretion underground, they mustn't be leaked into the environment. As these HDPEs are corrosion resistant, they are intensively used for such applications.
COVID 19 Analysis:
The widespread COVID has resulted in interruptions in the manufacturing industries, and the demand for the HDPE has reduced significantly throughout the pandemic. The decline of potential end-user industries such as the packaging industry for the industrial and luxury, construction industries, and other issues such as unavailability of resources, health and safety measures, project delays, and others have negatively influenced the overall growth of the high-density polyethylene industry during the pandemic. However, on the other hand, the demand for groceries, health care products, and other essential commodities, combined with the growing trend of e-commerce were impacting the overall growth of the high-density polyethylene industry.
Market dynamics:
Market drivers:
The growing demand for infrastructure development and sewage development is considered as the major drivers of High-density polyethylene market growth. For instance, the adaptation of High-density polyethylene pipes is used for agriculture applications, sewage, manholes, fire loops, and other underground piping systems. Such factors are driving the overall growth of the high-density polyethylene industry.
They are intensively used in the packaging industry for food and beverage and other commodities. Therefore the increasing penetration of the internet and the growing trend of e-commerce had led to the high-density polyethylene market growth.
Market opportunities:
In the year 2020, one of the leading market players, CP chem CO. has joined hands with another leading company in the industry and has achieved the position of 3rd largest polyethylene producer across Northern America. Such acquisitions and mergers and the increasing investment in the industry are expected to boost the overall growth of the High-density ethylene industry during the forecast period.
The increasing investment in the construction industry and the governmental investment for the development of the infrastructure and smart cities in recent years are presenting lucrative opportunities for the overall growth of the high-density ethylene industry during the forecast period.
Market restraints:
The environmental concerns associated with the usage of high-density polyethylene during their production and degradation are considered as the major restraints of high-density polyethylene market growth.
The potential characteristics of the high-density polyethylene propel the end-user industries to adopt them for varied applications. With the demand and supply disproportion occurs in the industry and it affects the price of the product. Such factors are expected to hinder the overall growth of the High-density polyethylene industry.
Market challenges:
The uncertainty situation in the industrial world, where there are fluctuations in the raw materials and supply chain disruptions. Similarly, the changing demand in several industries such as food and beverage, manufacturing industries, and others are expected to hinder the High-density polyethylene market growth.
They also have certain displeasing characteristics such as highly flammable, higher thermal expansion, nonresistant to the oxidizing acids, and significant others. Such factors have restricted certain end-user industries to adopt in their applications.
Cumulative growth analysis:
The market value of the High-Density Polyethylene industry was at USD 74.5 billion in the year 2021 and it is expected to surpass the market value of over USD 97.4 billion by the year 2027 while registering a CAGR of 4.65% during the forecast period. The increasing population and urbanization across the globe and the changing attitude of the consumers towards packaged foods and beverages are promoting the overall growth of high- density polyethylene industry. The increasing demand for the construction industry and the food and beverage industry that utilizes plastics for the pipes and packaging are considered as the major drivers and on the other hand, the demand for the artificial knee caps made of plastics are also propelling the overall growth of high-density polyethylene industry in the recent years.
Since the food and beverage industries are looking for packaging solutions that offer excellent barriers against moisture and temperature, the demand for high-density polyethylene is rising in the food industry. Also, the characteristics such as resistance towards, insects and rot are further propelling the emerging food industries to adopt this packaging material. The emerging food platforms, takeaways, and online delivery systems across the developed countries have augmented the high-density polyethylene market growth in recent years. On the other hand, the usage in the piping systems offers beneficiary characteristics such as good strength, internal, water hammer pressure, and so on.
Value chain analysis:
The petrochemical feedstock is the raw material from which the high-density polyethylene is derived. The high-density polyethylene polymers are used for the tensile strength and other potential properties in withstanding critical temperatures and higher quality. The affordability and the other features of this kind of polymer are propelling the end-user industries to adopt them for their industrial purposes. The varied applications such as pipes and tubes, rigid articles, sheets, films, and significant others are exhibiting higher demand in the developing countries and the favorable economic condition across the developed countries and the purchasing power of the consumers are also impacting the overall growth of high-density polyethylene industry.
Some of the major end-user industries such as packaging, transportation, electrical and electronics, construction, and machinery and the increasing demand in these sectors are boosting the overall growth of the high-density polyethylene industry. Moreover, there is higher demand among automotive manufacturers to produce lightweight components for the vehicles. Similarly, the packaging industries are also utilizing plastics which are considered as the major drivers of high-density polyethylene market growth.
Segment overview:
Based on Application:
Based on feedstock:
Based on manufacturing process:
Global High-Density Polyethylene Market Share, by Product Type, 2017 (%)
Source: MRFR Analysis
Regional analysis:
Currently, the Asia-pacific region is exhibiting a higher High-Density polyethylene market share and is considered to be the largest consumer and producer of high-density polyethylene. The increasing population rate and the increasing inclination towards packaged goods and foods across the region are boosting the overall growth of the high-Density polyethylene industry. The important characteristic of high-density polyethylene is its opaqueness and the strength towards withstanding the crucial temperatures. Therefore they are primarily used in cosmetics, bottles, personal care products, the construction industry, and so on. Since the Asia-pacific region is exhibiting higher demand for these end-user applications, the overall growth of the high-density polyethylene industry is expected to continue its pace across the region.
Additionally, the overall growth across the construction industry in China is propelling the high-density polyethylene market growth. Especially the construction industry across China has been witnessing a higher growth rate since the year 2017 and its inclination towards developing its infrastructure combined with the increasing investments are impacting the high-density polyethylene market growth.
Competitive landscape:
Recent developments:
November 2021: Oman announced the start-up of a new oil and gas field, as well as a deadline for the completion of the Duqm refinery, which might be a game-changer for the small Middle Eastern country. With only five billion barrels of proven oil reserves, any new oil production in Oman would be a significant boost to the country's hydrocarbon revenue streams. The Duqm Refinery, located in the Special Economic Zone Authority of Duqm (SEZAD) on Oman's Al Wusta coast, will serve as a vital cog in Oman's intended petrochemicals infrastructure, alongside the USD 4.6 billion Liwa Plastics Project (LPP) industrial complex, which is located near the Sohar Refinery. The Duqm Refinery and the LPP were created with the goal of allowing Oman to take advantage of synergies between the existing refinery and the increasing global plastics industry. In this context, the LPP will include an ethylene cracking plant with a nominal capacity of 900,000 tonnes per year, a high-density polyethylene plant, a linear low-density polyethylene plant, a new polypropylene plant, a methyl tertiary butyl ether plant, a butene-1 plant, as well as associated utilities and off-site facilities.
In the year 2020, one of the leading market players, INEOS Olefins, which is a USA-based company had announced their partnership with Gemini HDPE LLC and has become their owner for the asset, and this acquisition had created significant opportunities for the High-Density Polyethylene market growth.
In the year 2020, one of the leading market players, SABIC had joined with leading retail store operator, Schwarz group and had created transparent film bags for the retail shops which are manufactured with certified circular polyethylene. These are generally used for vegetable packaging and these have utilized High-density polyethylene and additional resins which are efficient for vegetable packaging.
Report overview:
This report has covered:
Segmentation Table:
Based on Application:
Based on feedstock:
Based on manufacturing process:
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: Significant Value |
CAGR | 5.91% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019Β &Β 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Type, End-use |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Reliance Industries Limited. (India), Exxon Mobil Corporation (US), DowDuPont (US), LyondellBasell Industries Holdings B.V. (The Netherlands), INEOS Group Holdings SA (UK), SABIC (Saudi Arabia), Petronas Chemicals Group Berhad (Malaysia), China Petrochemical Corporation (China), Mitsui Chemicals Inc. (Japan), and Chevron Phillips Chemical Company (US) |
Key Market Opportunities | increasing use of HDPE products in an array of packaging applications |
Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
The market value of the High-Density Polyethylene industry was at USD 74.5 billion in the year 2021 and it is expected to surpass the market value of over USD 97.4 billion by the year 2027 while registering a CAGR of 4.65% during the forecast period.
Based on product type, the blow molded HDPE segment based on end-use industry, the packaging segment hold the leading share in the global high-density polyethylene market.
Asia Pacific holds the largest share in the global high-density polyethylene market, followed by North America and Europe, respectively.
Exxon Mobil Corporation (US), Reliance Industries Limited. (India), DowDuPont (US), INEOS Group Holdings SA (UK), LyondellBasell Industries Holdings B.V. (The Netherlands), SABIC (Saudi Arabia), China Petrochemical Corporation (China), Petronas Chemicals Group Berhad (Malaysia), Chevron Phillips Chemical Company (US), and Mitsui Chemicals Inc. (Japan), are some of the major players operating in the high-density polyethylene market.
β’ Pipes and tubes β’ Rigid articles β’ Sheets β’ Films β’ Other applications
β’ Gas Phase β’ Slurry Process β’ Solution Process