About High Performance Polyethylene (HPPE)
High-performance polyethylene is a very tough material, with the highest impact strength of any thermoplastic due to high crystallinity and orientation. It is widely used in commercial and defense applications due to its high tensile strength compared to any other fiber material. HPPE is also utilized in plastic industries due to the increasing demand of packaging materials across the globe. However, biodegradable HPPE offers a high level of strength and cost-effectiveness.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.76% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and Japanese Vendors will contribute the maximum growth to Global High Performance Polyethylene (HPPE) market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Artek, Inc. (United States), Sabic (Saudi Arabia), US Plastic Corp. (United States), Mitsui Chemicals, Inc. (Japan), DSM (Netherlands), Celanese Corporation (United States), DuPont (United States) and Asahi Kasei (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mitsuboshi (Japan), LyondellBasell (Netherlands), Teijin Limited (Japan) and Braskem (Brazil).
Segmentation Overview
AMA Research has segmented the market of Global High Performance Polyethylene (HPPE) market by Type (Low Range, Medium Range and High Range), Application (Metallurgy & Mining, Petroleum Chemical, Ocean Engineering, Food & Beverages, Textile, Automotive and Others) and Region.
On the basis of geography, the market of High Performance Polyethylene (HPPE) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the High Performance Polyethylene (HPPE) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Growing Adoption of Biodegradable HPPE Due to Increasing Environmental Concern
Market Growth Drivers:
Increased Demand of High-Performance Polyethylene in Automotive and Textile Industry Due to Excellent Toughness and Cut and Wear Resistance
Challenges:
Stringent Regulations by Government as Disposal of Polyethylene Can Result Harmful Gas Emission
Restraints:
Poor UV Resistance and Lower Stiffness Compared to Polypropylene
Opportunities:
Increased Use of High-Performance Polyethylene in Plastic Industry for Wide Variety of Packaging
Market Leaders and their expansionary development strategies
On September 21, 2023, LyondellBasell Industries announced that it had completed its acquisition of A. Schulman Inc., a leading global provider of high-performance engineered plastics
On February 15, 2023, DSM Dyneema launched its new Dyneema Purity UHMWPE fiber, which is designed for use in medical applications
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, High-Performance Polyethylene Manufacturers, Suppliers and Distributors of High-Performance Polyethylene, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.