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HDPE Market future trends to 2024 key players The Dow Chemical Company, Exxon Mobil Corp., Honam Petrochemical Corporation, PetroChina Company Limited, Borealis AG, and Abu Dhabi Polymers Company Ltd.
High Density Polyethylene Market
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High Density Polyethylene market size will cross USD 88 billion till 2024. High density polyethylene (HDPE) is majorly used for packaging in pharmaceutical, food & beverages and cosmetics industries. It has improved mechanical properties and higher strength to density ratio than low density polyethylene. It is used to pack food items such as ready-to-mix, ready-to-cook food. Increasing packed food items market due to ease-of-consumption and its handiness will boost product market.
High density polyethylene to produce products such as pipes, plumbing and electrical boxes, and telephone ducts. These products are deployed at construction sites in residential, commercial and industrial projects. Infrastructural development in emerging economies such as urban and hydropower transportation, roads & highways, commercial building, shopping malls, shall give a positive outlook for high density polyethylene market.
High density polyethylene is used for agricultural applications in the form of pipes. These pipes are used for irrigation, drainage and water supply. These pipes performance is much better than other material pipes and are also less expensive in terms of installation and material cost. Further, these pipes have limited need for fittings and requires lesser pipe laydown area. HDPE pipes can handle salty water and corrosive conditions and are even corrosion resistant from outside.
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Asia Pacific has a growth potential in packaged food & beverage market and is witnessing a substantial escalation in construction activities. Booming infrastructural development in China will offer an opportunity for the product market in this region.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. The Dow Chemical Company
2. Honam Petrochemical Corporation
3. PetroChina Company Limited
4. Borealis AG
5. Abu Dhabi Polymers Company Ltd
6. LyondellBasell industries NV
7. Formosa Plastics Corp
8. Exxon Mobil Corp
9. Chevron Phillips Chemical Co
10. Braskem S.A.
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