Global High-density Polyethylene Market 2018-2022
About High-density Polyethylene
HDPE is a type of polyethylene with a density greater than 940 kg/m3 and is mainly produced in low-pressure reactors. The high density of HDPE with stronger intermolecular force offers excellent physical properties such as rigidity, toughness, and strength. Hence, HDPE resins are used for various applications of film and sheet, blow molding, injection molding, and extruded products.
Technavio’s analysts forecast the global high-density polyethylene market to grow at a CAGR of 3.63% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global high-density polyethylene market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of high-density polyethylene.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global High-density Polyethylene Market 2018-2022
Technavio recognizes the following companies as the key players in the global high-density polyethylene market: Borealis, DowDuPont, ExxonMobil, INEOS, LyondellBasell Industries Holdings, and SABIC.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing demand for HDPE plastic recycling. The demand for HDPE recycling is expected to increase due to the rising recycling rate of plastics in various developed countries such as the UK, the US, and Germany. The need to recycle materials will further increase due to the growing concerns about environmental issues and rising demand for environmental sustainability.”
According to the report, one of the major drivers for this market is growing demand from the packaging industry. The low cost of high-density polyethylene and easy processing are driving the application of high-density polyethylene (HDPE) in the production of plastic packaging. The application of HDPE is expected to increase in containers and bottles due to their effective chemical stability and high barrier capacity. Manufacturers prefer unpigmented bottes made from HDPE to package products with shorter shelf life cycle because these bottles are highly translucent and offer stiffness. The preference for these bottles will continue to increase because they are used to package products including shampoo, juice, cosmetics, water, and milk.
Borealis, DowDuPont, ExxonMobil, INEOS, LyondellBasell Industries Holdings, and SABIC.