High Density Polyethylene (HDPE) Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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High Density Polyethylene (HDPE) Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : June, 2020 | Chemical & Materials | PPT format

Report Digest


Global High Density Polyethylene (HDPE) Market: Snapshot

High density polyethylene (HDPE) is a polymer that can be processed by a variety of thermoplastic production methods. Considered as a type of versatile plastics, HDPE materials have myriad applications in packaging and manufacturing product that calls for high resistance to moisture and temperature as well as better tensile strength. Over the past couple of decades, the adoption of HDPE over other plastics has soared in popularity in developed nations such as the U.S. and the U.K. Furthermore, the demand for HDPE is picking up pace in numerous developing economies. The growing adoption of this flexible thermoplastic in various regions is fueled by several unique properties it possesses. HDPE is light-weight yet has superb tensile strength, is impact-resistant and long-lasting, can take any shape due to its malleability, and environmentally sustainable. Since HDPE materials resist molds, are pervasive to insects, inhibit rotting, they are widely used in making underground pipes for delivering potable water. In addition, since these are largely chemically inert, they can be safely used for carrying many hazardous materials. Some of the popular uses of HDPE bottles and containers are bottle caps, food containers, vehicles fuel tanks, and packing for household products. The demand for HDPE is gaining traction for packing a variety of daily-use substances in the food and beverages and personal care products industries. Of the recent and intense interest concerning the accelerated adoption of HDPE materials concerns the area of sustainable packaging. HDPE are often used to replace heavier materials in packaging and are considered to possess low-carbon footprint delivering low waste and consumes less energy in transportation. These factors are likely to lead to a widespread adoption of HDPE packing materials across end-use industries in several emerging and developed nations.  

Global High Density Polyethylene (HDPE) Market: Overview

High density polyethylene (HDPE) is a largely versatile type of polymer and one of the most popular classes of plastic. From flexible and light films and bags to new construction heavy-duty damp proof membranes, HDPE finds application in a range of sectors. The demand for mineralized water and advancing electrical and electronics industry are envisioned to set the tone for the global HDPE market as these applications make use of the blow molding and injection molding grades respectively. Other grades such as profile extrusion and sheet and film extrusion are prognosticated to attract some demand.

Global High Density Polyethylene (HDPE) Market: Key Trends

In comparison with low density polyethylene (LDPE), HDPE offers better mechanical features and extraordinary strength to density ratio. This has attracted a host of opportunities for the HDPE manufacturers in the food and beverage, pharmaceutical, and personal care industries. The enhanced standard of living of the younger population has augmented the demand for packaged foods and beverages. The fast-moving lifestyle of metro cities has flourished the adoption of ready-to-mix and ready-to-eat packed foods.

Medicine bottles and other medical packaging materials used in the pharmaceutical industry essentially utilize HDPE, owing to its greater working temperature and opacity. The household goods and fireworks markets are at their peak in China and India. This is envisaged to increase the demand for HDPE since it is used in the preparation of such products.

Global High Density Polyethylene (HDPE) Market: Market Potential

The world HDPE market is expected to possess a strong potential to upgrade itself in the face of challenges while exploiting a massive amount of demand and introducing new grades in the industry.

Making its mark amongst the prominent profile, tubing, and pipe producers in North America, Armtec has made a colossal investment of US$8.0 million for the manufacture of large-diameter HDPE pipes. The pipes will be sold under the name ‘BOSS 3000’ as an improved replacement for conventional municipal storm sewer pipes across Canada. This investment is anticipated to be quite rewarding for the Quebec and Ontario agricultural markets. The company has spent more funds for the purchase of laboratory, testing, and production equipment so as to enhance the pipes with gasket and bell joints to meet the standards of the Canadian Standards Association (CSA).

Global High Density Polyethylene (HDPE) Market: Regional Outlook

The product segment of the U.S. HDPE market is predicted to gain strength on the back of a wealth of opportunities birthed for producing improvised forms with the help of extensive research and development. The ever-growing infrastructural sector could also boost the growth in the country, especially in regions such as Latin America and North America.

As a result of the thriving telecommunication, electronic, and automobile sectors, there is a blooming acceptance of blow molding technology witnessed in Europe. The employment opportunities generated through the development in these sectors are foretold to boost residential construction projects, thereby contributing to the demand in the Europe HDPE market.

The HDPE market in Asia Pacific is foreseen to be impacted positively on account of a gradual increase in construction activities. Securing a higher share under its name, Asia Pacific could fuel the demand for HDPE with the rising production of crude oil.

Global High Density Polyethylene (HDPE) Market: Competitive Landscape

The marketing strategy of most players in the world HDPE market is to offer different grades of the product. However, there could be other strategies in place to give voice to their presence in the industry. Some of the top-tier companies prevailing in the global market are Abu Dhabi Polymers Company Ltd., PetroChina Company Limited, Borealis AG, The Dow Chemical Company, and Honam Petrochemical Corporation.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.