Global High Density Polyethylene Market for Agriculture, Building & Construction, and Automotive, Packaging, and Other Applications Report Examines Latest Trends and Key Drivers Supporting Growth through 2023

Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “High Density Polyethylene Market”. The study offers a clear insight about the prevailing trends and innovations happening in the High Density Polyethylene market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the mentioned forecast period. In addition, a holistic view of the entire global market scenario across all the prime regional segments, such as (Regions) has been delivered.

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The global high density polyethylene (HDPE) market is highly fragmented due to the presence of large number of regional and local producers. These regional and local players have a stronghold in local markets, making it difficult for global players to increase their market share. MRRSE has found that the three leading producers, namely INEOS Olefins and Polymers, LyondellBasell Industries, and Chevron Philips Chemical Company collectively accounted for 16.3% of the overall market in 2014. The aforementioned players have strong distribution chains in regions exhibiting high consumption of high density polyethylene market and demonstrate large plant capacities. It is expected that the degree of competition in this market will remain high even in the coming years, as regional and local players are trying to increase their footprint in the global high density polyethylene market. However, the threat of new companies entering into this market is expected to remain low, due to low provisions of raw materials required and high capital costs for building technologically advanced production plants.

In a report, MRRSE has estimated that the global HDPE market value will reach up to US$84.79 bn by the end of 2023, which was valued at US$62.8 bn in 2016. The market is expected to expand at a CAGR of 4.2% for the forecast period 2015-2023.

The packaging industry holds a leading share in the overall market for high density polyethylene. It is expected that by the end of 2023, the packaging industry will contribute 31.1% to the total volume of the market. Regionally, Asia Pacific has dominance in the global market owing to a significant rise in consumer goods sales and presence of a large agrarian population. It is estimated that, by the end of 2023, Asia Pacific will account for 46.9% of the global market.

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 driver 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.

Fluctuating Costs of Raw Materials Could Hinder Market Growth

Fluctuating costs of raw materials used for manufacturing of high density polyethylene is a key concern for all the market players. For instance, large amount of ethylene is used for manufacturing of HDPE, due to overall scarcity of petroleum based byproducts, the market for ethylene is exhibiting fluctuating costs, reflecting its effects on the HDPE market. Furthermore, low thermal and mechanical properties and poor dimensional accuracy provided by HDPE could motivate manufacturers to opt for other alternatives such as polyethylene terephthalate. Nevertheless, major public health concern bodies have approved use of high density polyethylene for food packaging, which is expected to bolster the HDPE global market.

The report provides a decisive view of the high density polyethylene market by segmenting the market based on product types and applications. Product segments analyzed in this report include blow molding, pipe & extrusion, film & sheet, injection molding, and others (including rotomolding). Based on applications, the high density polyethylene market is segmented into agriculture, building & construction, automotive, packaging, and others (industrial, consumer goods, etc.). These application segments have been analyzed based on present and future trends, and the market has been estimated from 2015 to 2023.

The high density polyethylene market is segmented based on geography into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In terms of revenue and consumption, the high density polyethylene market for each application type and each of these regions has been forecast in the report for the period from 2014 to 2023.

Leading manufacturers profiled in the report include Chevron Phillips Chemical Company, Exxon Mobil Industries, LyondellBasell Industries N.V., INEOS Olefins and Polymers, and The Dow Chemical Company. These companies are profiled in detail with features such as company overview, financial overview, business strategies, SWOT analysis, and recent developments.

Complete Report Details with TOC and List of Tables and Figures @ https://www.mrrse.com/high-density-polyethylene-market

High Density Polyethylene (HDPE) Market - Product Segment Analysis

Blow Molding
Pipe & Extrusion
Film & Sheet
Injection Molding
Others (Including Rotomolding, etc.)

High Density Polyethylene (HDPE) Market – Application Analysis

Agriculture
Building and Construction
Automotive
Packaging
Others (Including Industrial, etc.)

High Density Polyethylene (HDPE) Market – Regional Analysis

North America
U.S.
Canada
Mexico
Europe
France
Spain
Germany
Italy
Rest of Europe

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