Global high-density polyethylene (HDPE) market is expected to witness growth over the forecast period on account of increasing demand for packaging for numerous applications including food & beverages, pharmaceuticals, and personal care products. Demand for HDPE is anticipated to grow on account of increasing application scope in construction, chemical, blow-molded bottles, plumbing boxes, and electronics. Increasing demand for foods & beverages is expected to drive demand for blow molded bottles, in turn positively driving demand for HDPE. However, volatile raw material prices of crude oil are anticipated to adversely affect prices for HDPE, resulting in the restraining market growth over the forecast period.
Various processing techniques are used to produce different grades of HDPE including injection molding, profile extrusion, film, and sheet extrusion, pipe extrusion, and blow molding. High-density polyethylene is used in a wide array of end-use industries including personal care & cosmetics, blow-molded bottles, telecom ducts, fireworks, household goods, electrical & plumbing boxes, films, construction, and pipes. The packaging was the largest market for HDPE followed by the construction sector in 2013. Food & beverages was the largest market for HDPE within the packaging sector owing to the increasing demand for blow molded bottles over the past few years and trend is expected to continue over the projected period. Rising construction expenditure is expected to augment HDPE demand over the forecast period on account of rising demand for pipes and related products such as electrical & plumbing boxes and telephone ducts. Increasing the application scope of HDPE in niche markets including fireworks and household goods is expected to fuel high-density polyethylene market growth over the forecast period.
Asia Pacific was the largest market for HDPE in 2013 owing to the presence of a large packaging sector in this region. In addition, increasing government spending on infrastructure development in emerging countries including India and China is also expected to boost high-density polyethylene market growth over the forecast period. Europe was the second-largest market owing to the high demand for HDPE for film and injection moulding products. However, North America is anticipated to witness sluggish growth due to market saturation in this region. Latin America is anticipated to witness growth over the forecast period on account of emerging end-use industries in this region. Major players of high-density polyethylene market in this region include Abu Dhabi Polymers Company Ltd., Borealis AG, PetroChina Company Limited, Honam Petrochemical Corporation, and The Dow Chemical Company.
This report has a service guarantee. We stand by our report quality.
We are in compliance with GDPR & CCPR norms. All interactions are confidential.
Design an exclusive study to serve your research needs.
Get your queries resolved from an industry expert.
"The quality of research they have done for us has been excellent..."