About High Density Polyethylene
High-density polyethylene is a thermoplastic polymer produced from the monomer ethylene. It is also known as polyethylene high-density (PEHD). It is also sometimes called alkathene or polythene when used for HDPE pipes. It is widely used in the production of corrosion resistant pigging, plastic bottles, plastic lumber, and geomembranes. It is easily recyclable and has the number 2 as its resin identification code.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.15% |
The global market for dehydrated potato products is fragmented by global players offering different kinds of potato product's like flakes starches etc. player should focus on product innovation clean label packaging and different premixes in order to offer the client base different functional foods and ready to eat foods in order to grab the market share in FMCG end retail sector. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global High Density Polyethylene 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.
Chevron Phillips Chemical Company (United States), Dynalab Corp. (United States), The Dow Chemical Company (United States), Exxon Mobil Corporation (United States), LyondellBasell Industries N.V. (Netherlands), INEOS Group Limited (United Kingdom) and Saudi Basic Industries Corporation (SABIC) (Saudi Arabia) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Gemini HDPE LLC (United States), High Country Fusion Company, Inc. (United States) and Wiik & Hoeglund Public Company Limited (Thailand).
Segmentation Overview
AMA Research has segmented the market of Global High Density Polyethylene market by , Application (Film and Sheet, Injection Molding, Pipe and Extrusion and Others) and Region.
On the basis of geography, the market of High Density Polyethylene 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 Feedstock, the sub-segment i.e. Naphtha will boost the High Density Polyethylene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Manufacturing Process, the sub-segment i.e. Gas Phase Process will boost the High Density Polyethylene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growing Usage of HDPE for Food Packaging
Market Growth Drivers:
The Increasing Demand for Packaging from end User Industries and Increasing Government Spending On Infrastructure Development in Emerging Countries
Restraints:
Volatile Raw Material Prices Of Crude Oil
Opportunities:
Emerging Demand from Developing Nations
Market Leaders and their expansionary development strategies
High-density polyethylene complies with the FDA (Foods & Drugs Administrations) Regulations, Edition 2015, as defined in 21 CFR, section 177.1520 (olefin polymers) paragraph (c) 3.1a. The additives are covered in the sections CFR 21, sections 177.1520, 178.2010, 178.3297, 178.3750, and 184.1191. This product can also be used in contact with all types of food.
February 2023: Borealis announced the launch of Borcycle M5760, a new circular HDPE grade specifically designed for high-demand applications like food packaging, using mechanically recycled content.
Key Target Audience
High Density Polyethylene Manufacturers, High-Density Polyethylene Traders/Distributors, High-Density Polyethylene Importer/Exporter, Regulatory & Government Bodies, Industry Associations, Downstream Vendors, End Users, Research & Consulting Firms 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.