Global High-density Polyethylene (HDPE) Market -Surging Demand from Packaging Industry to Boost HDPE Market
This report focuses on the High-density Polyethylene (HDPE) in global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.
Surging Demand from Packaging Industry to Boost Global High Density Polyethylene Market .Plastic packaging needs a large volume of the high density polyethylene as it is a core plastic in rigid packaging. Nearly 30% of the various materials used in packaging is high density polyethylene.
This high demand is one of the key drivers for the market. Furthermore, surge in consumption of consumer goods and food and beverages is expected bolster the packaging industry, further flourishing the HDPE market. Additionally, the rising significance of aesthetics in packaging industry is another factor helping the market to grow. They also find applications in the manufacturing of pipes. The soaring demand from the agriculture industry for pipes and films is therefore expected to assist the market growth. Additionally, the usage of HDPE in the manufacturing of UV protective tarpaulins and sheets is anticipated to increase the demand for high density polyethylene.
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Industry Top Player’s
• Dow Chemical
• Chevron Phillips
• Formosa Plastics
• Bayport Polymers (Total)
The product exhibited a growing demand in the pharmaceutical industry in 2015. Opacity and higher working temperature of up to 115Care the major factors to be considered for the material to be used in medicine bottles and other medical packaging. Growing population and rising health concerns have contributed to the growth in the pharmaceutical industry. Moreover, hospitals and pharmaceutical companies prefer high density polyethylene bottles over glass bottles as they are easy to handle and less reactive to the surrounding atmosphere.
Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
• Blow Molding
• Injection Molding
• Extrusion Molding
Market Segment by Applications, can be divided into
Wire and Cable Insulations, Health Care, Consumer Goods, Municipal,
Industrial, Underwater, Mining, Others
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