PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1068677
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1068677
Global High-Density Polyethylene Market, By Application ; By End-Use Industry ; By Region ; Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Global High-Density Polyethylene (HDPE) Market to Boost in Coming Years - Projected to Reach 78.0 Million Tons by 2028
The growth of the high-density polyethylene (HDPE) market can be primarily attributed to extensive application in several industries such as the packaging industry, textile industry among others due to its chemical and corrosion resistance as well as low moisture…
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the Global High-Density Polyethylene (HDPE) Market was 54.7 million tons in 2021 and is projected to reach 78.0 million tons by the year 2028, growing at a CAGR of 5.6% over the analysis period of 2022-2028. The expansion in the high-density polyethylene (HDPE) market can be primarily attributed to the large array of properties exhibited by HDPE that expands its employability across several sectors. It is strong, possesses excellent processability, is resistant to chemical corrosion and is inexpensive. To be precise, it is the ideal material for manufacturing and packaging operations. These factors are driving the growth of the global high-density polyethylene market during the forecast period 2022-2028.
Burgeoning Demand for Light Weight Materials Across Various Sectors Driving the Global Market Growth
The surge in demand for lightweight vehicles due to stern emission policies coupled with the rising employment of lightweight materials for improved safety and fuel efficiency is projected to have an optimistic impact on the high-density polyethylene market industry during the forecast period. Moreover, the growing use of plastic and paper as packaging materials is aiding the growth of the HDPE market. Another crucial growth empowering factor is the ongoing trend of self-cleaning technologies across several end-user industries across the world. Furthermore, the rapidly developing construction sector, especially in the U.S. and China is also expected to contribute to the demand for the HDPE during the forecast period 2022-2028.
Packaging Industry to Grow at A Higher Growth Rate During the Forecast Period
With the growing urbanization, industrialization, rising personal disposable income, changes in the lifestyles of people, there has been an augmentation in the expenditure on food and beverages, apparel, and pharmaceuticals throughout the world. The growing on-the-go food consumption culture, growing number of online food delivery platforms coupled with the certification of HDPE as a food-grade polymer, has played an efficient role in augmenting the demand for HDPE in the packaging industry. Other end-use industries like building and construction and transportation, are also anticipated to propel the growth of the high-density polyethylene market during the forecast period.
Impact of COVID-19 On The Global High-Density Polyethylene (HDPE) Market
As a result of the COVID-19 pandemic, the world witnessed one of the worst recessions since WW2. The global High-Density Polyethylene (HDPE) market has also been brutally impacted by the emergence of the COVID-19 pandemic. Several governments around the world imposed rigorous lockdowns thus vividly hampering the building and construction, transportation, packaging, electrical, and electronics industries, which are the most important end-user industries for the high-density polyethylene (HDPE) market. The construction industry suffered the most due to the pandemic. However, the impact of the pandemic on the packaging industry has been mixed. Although the demand for luxury, industrial and some B2B-transport packaging saw a decline, packaging for healthcare products, groceries and e-commerce transportation has witnessed an increment. Nevertheless, with the improving market circumstances in the post covid era, the growth of the high-density polyethylene (HDPE) market is likely to recover during the forecast period.
The Asia-Pacific Region Is Expected to Grow with The Highest CAGR in The Global High-Density Polyethylene (HDPE) Market.
In terms of regional analysis, the global High-Density Polyethylene (HDPE) market has been classified into North America, Europe, the Asia-Pacific, Latin America and the Middle East, and Africa. Amidst the segmentation, the Asia-Pacific region is expected to be the largest growing market in the global High-Density Polyethylene (HDPE) owing to the existence of a large packaging sector in the region. Additionally, the increasing government investment in infrastructure development in developing countries like China India is likely to drive the growth of the high-density polyethylene market over the forecast period. Europe has been following the Asia-Pacific market closely due to the heavy demand for HDPE for injection and film molding goods.
Competitive Landscape
The global purified terephthalic market is a semi-consolidated market. The key players operating in the global High-Density Polyethylene (HDPE) market are Chevron Phillips Chemical Company, Dynalab Corp., The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries N.V., INEOS AG, 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. and other prominent players. The players maintain their dominance in the market by enhancing their production capabilities, research, and development activities, and launching improved products for the customers. Different strategies are adopted like engaging in strategic alliances, agreements, mergers, and collaborations.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. Global High-Density Polyethylene (HDPE) Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. Global High-Density Polyethylene (HDPE) Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Size & Forecast by Volume, 2018-2028
- 5.2.1. By Volume (Kilo Tons)
- 5.3. Market Share & Forecast
- 5.3.1. By Application
- 5.3.1.1. Pipes and Tubes
- 5.3.1.2. Rigid Articles
- 5.3.1.3. Sheets and Films
- 5.3.1.4. Other Applications
- 5.3.2. By End-Use Industry
- 5.3.2.1. Packaging, Transportation
- 5.3.2.2. Electrical and Electronics
- 5.3.2.3. Building and Construction
- 5.3.2.4. Agriculture
- 5.3.2.5. Industry and Machinery
- 5.3.2.6. Other End-use Industries
- 5.3.3. By Region
- 5.3.3.1. North America
- 5.3.3.2. Europe
- 5.3.3.3. The Asia Pacific
- 5.3.3.4. Latin America
- 5.3.3.5. The Middle East and Africa
- 5.3.1. By Application
6. North America High-Density Polyethylene (HDPE) Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Size & Forecast by Volume, 2018-2028
- 6.2.1. By Volume (Kilo Tons)
- 6.3. Market Share & Forecast
- 6.3.1. By Application
- 6.3.2. By End-Use Industry
- 6.3.3. By Country
- 6.3.3.1. United States
- 6.3.3.2. Canada
7. Europe High-Density Polyethylene (HDPE) Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Size & Forecast by Volume, 2018-2028
- 7.2.1. By Volume (Kilo Tons)
- 7.3. Market Share & Forecast
- 7.3.1. By Application
- 7.3.2. By End-Use Industry
- 7.3.3. By Country
- 7.3.3.1. Germany
- 7.3.3.2. United Kingdom
- 7.3.3.3. Italy
- 7.3.3.4. France
- 7.3.3.5. Spain
- 7.3.3.6. Rest of Europe
8. The Asia Pacific High-Density Polyethylene (HDPE) Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Size & Forecast by Volume, 2018-2028
- 8.2.1. By Volume (Kilo Tons)
- 8.3. Market Share & Forecast
- 8.3.1. By Application
- 8.3.2. By End-Use Industry
- 8.3.3. By Country
- 8.3.3.1. China
- 8.3.3.2. India
- 8.3.3.3. Japan
- 8.3.3.4. South Korea
- 8.3.3.5. Rest of Asia Pacific
9. Latin America High-Density Polyethylene (HDPE) Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Size & Forecast by Volume, 2018-2028
- 9.2.1. By Volume (Kilo Tons)
- 9.3. Market Share & Forecast
- 9.3.1. By Application
- 9.3.2. By End-Use Industry
- 9.3.3. By Country
- 9.3.3.1. Brazil
- 9.3.3.2. Mexico
- 9.3.3.3. Rest of Latin America
10. The Middle East & Africa High-Density Polyethylene (HDPE) Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Size & Forecast by Volume, 2018-2028
- 10.2.1. By Volume (Kilo Tons)
- 10.3. Market Share & Forecast
- 10.3.1. By Application
- 10.3.2. By End-Use Industry
- 10.3.3. By Country
- 10.3.3.1. Saudi Arabia
- 10.3.3.2. UAE
- 10.3.3.3. South Africa
- 10.3.3.4. Rest of Middle East & Africa
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of Covid-19 on Global High-Density Polyethylene (HDPE) Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Chevron Phillips Chemical Company
- 13.2. Dynalab Corp.
- 13.3. The Dow Chemical Company
- 13.4. Exxon Mobil Corporation
- 13.5. LyondellBasell Industries N.V.
- 13.6. INEOS AG, Saudi Basic Industries Corporation (SABIC)
- 13.7. SINOPEC Beijing Yanshan Company
- 13.8. PetroChina Company Ltd.
- 13.9. Braskem
- 13.10. Reliance Industries Ltd.
- 13.11. Formosa Plastics Corporation
- 13.12. Daelim Industrial Co. Ltd.
- 13.13. Prime Polymer Co. Ltd.
- 13.14. Mitsui Chemicals Inc.
- 13.15. Other prominent players.
14. Key Strategic Recommendations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1: Global High-Density Polyethylene Market Segmentation
- Figure 2: Global High-Density Polyethylene Industry Value Chain Analysis
- Figure 3: Global High-Density Polyethylene Market Size, By Value (USD Million), 2018-2028
- Figure 4: Global High-Density Polyethylene Market Size, By Volume (KT), 2018-2028
- Figure 5: Global High-Density Polyethylene Market Share (%), By Application, By Value, 2018-2028
- Figure 6: Global High-Density Polyethylene Market Share (%), By Application, By Volume, 2018-2028
- Figure 7: Global High-Density Polyethylene Market Share (%), By End-Use Industry, By Value, 2018-2028
- Figure 8: Global High-Density Polyethylene Market Share (%), By End-Use Industry, By Volume, 2018-2028
- Figure 9: Global High-Density Polyethylene Market Share (%), By Region, By Value, 2018-2028
- Figure 10: Global High-Density Polyethylene Market Share (%), By Region, By Volume, 2018-2028
- Figure 11: North America High-Density Polyethylene Market Size, By Value (USD Million), 2018-2028
- Figure 12: North America High-Density Polyethylene Market Size, By Volume (KT), 2018-2028
- Figure 13: North America High-Density Polyethylene Market Share (%), By Application, By Value, 2018-2028
- Figure 14: North America High-Density Polyethylene Market Share (%), By Application, By Volume, 2018-2028
- Figure 15: North America High-Density Polyethylene Market Share (%), By End-Use Industry, By Value, 2018-2028
- Figure 16: North America High-Density Polyethylene Market Share (%), By End-Use Industry, By Volume, 2018-2028
- Figure 17: North America High-Density Polyethylene Market Share (%), By Country, By Value, 2018-2028
- Figure 18: North America High-Density Polyethylene Market Share (%), By Country, By Volume, 2018-2028
- Figure 19: Europe High-Density Polyethylene Market Size, By Value (USD Million), 2018-2028
- Figure 20: Europe High-Density Polyethylene Market Size, By Volume (KT), 2018-2028
- Figure 21: Europe High-Density Polyethylene Market Share (%), By Application, By Value, 2018-2028
- Figure 22: Europe High-Density Polyethylene Market Share (%), By Application, By Volume, 2018-2028
- Figure 23: Europe High-Density Polyethylene Market Share (%), By End-Use Industry, By Value, 2018-2028
- Figure 24: Europe High-Density Polyethylene Market Share (%), By End-Use Industry, By Volume, 2018-2028
- Figure 25: Europe High-Density Polyethylene Market Share (%), By Country, By Value, 2018-2028
- Figure 26: Europe High-Density Polyethylene Market Share (%), By Country, By Volume, 2018-2028
- Figure 27: The Asia-Pacific High-Density Polyethylene Market Size, By Value (USD Million), 2018-2028
- Figure 28: The Asia-Pacific High-Density Polyethylene Market Size, By Volume (KT), 2018-2028
- Figure 29: The Asia-Pacific High-Density Polyethylene Market Share (%), By Application, By Value, 2018-2028
- Figure 30: The Asia-Pacific High-Density Polyethylene Market Share (%), By Application, By Volume, 2018-2028
- Figure 31: The Asia-Pacific High-Density Polyethylene Market Share (%), By End-Use Industry, By Value, 2018-2028
- Figure 32: The Asia-Pacific High-Density Polyethylene Market Share (%), By End-Use Industry, By Volume, 2018-2028
- Figure 33: The Asia-Pacific High-Density Polyethylene Market Share (%), By Country, By Value, 2018-2028
- Figure 34: The Asia-Pacific High-Density Polyethylene Market Share (%), By Country, By Volume, 2018-2028
- Figure 35: Latin America High-Density Polyethylene Market Size, By Value (USD Million), 2018-2028
- Figure 36: Latin America High-Density Polyethylene Market Size, By Volume (KT), 2018-2028
- Figure 37: Latin America High-Density Polyethylene Market Share (%), By Application, By Value, 2018-2028
- Figure 38: Latin America High-Density Polyethylene Market Share (%), By Application, By Volume, 2018-2028
- Figure 39: Latin America High-Density Polyethylene Market Share (%), By End-Use Industry, By Value, 2018-2028
- Figure 40: Latin America High-Density Polyethylene Market Share (%), By End-Use Industry, By Volume, 2018-2028
- Figure 41: Latin America High-Density Polyethylene Market Share (%), By Country, By Value, 2018-2028
- Figure 42: Latin America High-Density Polyethylene Market Share (%), By Country, By Volume, 2018-2028
- Figure 43: The Middle East & Africa High-Density Polyethylene Market Size, By Value (USD Million), 2018-2028
- Figure 44: The Middle East & Africa High-Density Polyethylene Market Size, By Volume (KT), 2018-2028
- Figure 45: The Middle East & Africa High-Density Polyethylene Market Share (%), By Application, By Value, 2018-2028
- Figure 46: The Middle East & Africa High-Density Polyethylene Market Share (%), By Application, By Volume, 2018-2028
- Figure 47: The Middle East & Africa High-Density Polyethylene Market Share (%), By End-Use Industry, By Value, 2018-2028
- Figure 48: The Middle East & Africa High-Density Polyethylene Market Share (%), By End-Use Industry, By Volume, 2018-2028
- Figure 49: The Middle East & Africa High-Density Polyethylene Market Share (%), By Country, By Value, 2018-2028
- Figure 50: The Middle East & Africa High-Density Polyethylene Market Share (%), By Country, By Volume, 2018-2028
- Figure 51: Global High-Density Polyethylene Market Share Analysis, 2021
List of Tables
- Table 1: Global High-Density Polyethylene Market Size, By Application, By Value (USD Million), 2018-2028
- Table 2: Global High-Density Polyethylene Market Size, By Application, By Volume (KT), 2018-2028
- Table 3: Global High-Density Polyethylene Market Size, By End-Use Industry, By Value (USD Million), 2018-2028
- Table 4: Global High-Density Polyethylene Market Size, By End-Use Industry, By Volume (KT), 2018-2028
- Table 5: Global High-Density Polyethylene Market Size. By Region, By Value (USD Million), 2018-2028
- Table 6: Global High-Density Polyethylene Market Size. By Region, By Volume (KT), 2018-2028
- Table 7: North America High-Density Polyethylene Market Size, By Application, By Value (USD Million), 2018-2028
- Table 8: North America High-Density Polyethylene Market Size, By Application, By Volume (KT), 2018-2028
- Table 9: North America High-Density Polyethylene Market Size, By End-Use Industry, By Value (USD Million), 2018-2028
- Table 10: North America High-Density Polyethylene Market Size, By End-Use Industry, By Volume (KT), 2018-2028
- Table 11: 28 North America High-Density Polyethylene Market Size (USD Million), By Country, By Value 2018-2028
- Table 12: North America High-Density Polyethylene Market Size (KT), By Country, By Volume 2018-2028
- Table 13: Europe High-Density Polyethylene Market Size, By Application, By Value (USD Million), 2018-2028
- Table 14: Europe High-Density Polyethylene Market Size, By Application, By Volume (KT), 2018-2028
- Table 15: Europe High-Density Polyethylene Market Size, By End-Use Industry, By Value (USD Million), 2018-2028
- Table 16: Europe High-Density Polyethylene Market Size, By End-Use Industry, By Volume (KT), 2018-2028
- Table 17: 40 Europe High-Density Polyethylene Market Size (USD Million), By Country, By Value 2018-2028
- Table 18: Europe High-Density Polyethylene Market Size (KT), By Country, By Volume 2018-2028
- Table 19: The Asia-Pacific High-Density Polyethylene Market Size, By Application, By Value (USD Million), 2018-2028
- Table 20: The Asia-Pacific High-Density Polyethylene Market Size, By Application, By Volume (KT), 2018-2028
- Table 21: The Asia-Pacific High-Density Polyethylene Market Size, By End-Use Industry, By Value (USD Million), 2018-2028
- Table 22: The Asia-Pacific High-Density Polyethylene Market Size, By End-Use Industry, By Volume (KT), 2018-2028
- Table 23: 52 The Asia-Pacific High-Density Polyethylene Market Size (USD Million), By Country, By Value 2018-2028
- Table 24: The Asia-Pacific High-Density Polyethylene Market Size (KT), By Country, By Volume 2018-2028
- Table 25: Latin America High-Density Polyethylene Market Size, By Application, By Value (USD Million), 2018-2028
- Table 26: Latin America High-Density Polyethylene Market Size, By Application, By Volume (KT), 2018-2028
- Table 27: Latin America High-Density Polyethylene Market Size, By End-Use Industry, By Value (USD Million), 2018-2028
- Table 28: Latin America High-Density Polyethylene Market Size, By End-Use Industry, By Volume (KT), 2018-2028
- Table 29: 64 Latin America High-Density Polyethylene Market Size (USD Million), By Country, By Value 2018-2028
- Table 30: Latin America High-Density Polyethylene Market Size (KT), By Country, By Volume 2018-2028
- Table 31: The Middle East & Africa High-Density Polyethylene Market Size, By Application, By Value (USD Million), 2018-2028
- Table 32: The Middle East & Africa High-Density Polyethylene Market Size, By Application, By Volume (KT), 2018-2028
- Table 33: The Middle East & Africa High-Density Polyethylene Market Size, By End-Use Industry, By Value (USD Million), 2018-2028
- Table 34: The Middle East & Africa High-Density Polyethylene Market Size, By End-Use Industry, By Volume (KT), 2018-2028
- Table 35: 76 The Middle East & Africa High-Density Polyethylene Market Size (USD Million), By Country, By Value 2018-2028
- Table 36: The Middle East & Africa High-Density Polyethylene Market Size (KT), By Country, By Volume 2018-2028
- Table 37 Chevron Phillips Chemical Company Company Overview
- Table 38 Chevron Phillips Chemical Company Financial Overview
- Table 39 Dynalab Corp. Company Overview
- Table 40 Dynalab Corp. Financial Overview
- Table 41 Exxon Mobil Corporation Company Overview
- Table 42 Exxon Mobil Corporation Financial Overview
- Table 43 LyondellBasell Industries N.V. Company Overview
- Table 44 LyondellBasell Industries N.V. Financial Overview
- Table 45 SINOPEC Beijing Yanshan Company Company Overview
- Table 46 SINOPEC Beijing Yanshan Company Financial Overview
- Table 47 Braskem Company Overview
- Table 48 Braskem Financial Overview
- Table 49 Reliance Industries Ltd. Company Overview
- Table 50 Reliance Industries Ltd. Financial Overview
- Table 51 Formosa Plastics Corporation Company Overview
- Table 52 Formosa Plastics Corporation Financial Overview
- Table 53 Daelim Industrial Co. Ltd. Company Overview
- Table 54 Daelim Industrial Co. Ltd. Financial Overview
- Table 55 Prime Polymer Co. Ltd. Company Overview
- Table 56 Prime Polymer Co. Ltd. Financial Overview
- Table 57 Mitsui Chemicals Inc. Company Overview
- Table 58 Mitsui Chemicals Inc. Financial Overview
