+1-888-308-5802     
News Contact Us

High Density Polyethylene (HDPE) Market 2019-2024 By Regional Industry Growth & Forecast

Author : Rahul Varpe | Published Date : 2019-05-31 

An analysis of High Density Polyethylene (HDPE) Market has been provided in the latest report introduced by Global Market Insights, Inc.  that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

The rapid development of the electronics, construction, and packaging sectors will lead to an upward curve in Global High Density Polyethylene (HDPE) Market. Growing inclination of pharmaceutical companies and hospitals toward using high density polyethylene for medicine bottles and other forms of medicinal packaging will lead increased product demand. In addition, this polymer is used extensively across the F&B sector to pack edible foodstuff, owing to its improved mechanical properties and temperature toughness. The urban trend of preferring packaged (ready-to-mix and ready-to-eat) meals will provide ample growth prospects for High Density Polyethylene (HDPE) Market to progress in the food & beverage sector.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1156

Experimentally manufactured using thermoplastic processing methods somewhere around the mid-1930s, high density polyethylene found its first commercial application in high frequency radar cables to be used in wars, thus setting the wheels in motion for ample growth of high density polyethylene market. In the decades that followed, the product found immense potential and is now available in a host of grades. With a multitude of benefits such as low cost, temperature resistance, chemical sustenance, moisture protection, and opacity to its credit, this polymer finds widespread utilization in major professional domains, thereby mobilizing the global industry trends. According to Global Market Insights, Inc., “High Density Polyethylene (HDPE) Market size, worth USD 60 billion in 2015, is poised to cross a revenue of USD 88 billion by 2024.”

Leading manufacturers strive to produce a wide range of product grades to meet the growing demand. Efforts are being undertaken to specially design HDPE grades for customized applications such as telecom ducts, bags, sacks, and high pressure pipes. Notable companies involved in the manufacture of various grades in High Density Polyethylene (HDPE) Market include (Borouge) Abu Dhabi Polymers Company Ltd., PetroChina Company Limited., The Dow Chemical Company, Borealis AG, Braskem S.A., Honam Petrochemical Corporation, Formosa Plastics Corp., Chevron Phillips Chemical Co., and Exxon Mobil Corp.

Film & sheet form possesses properties such as flexibility, rigidity, clarity, affordability, and chemical inertness. Film & sheet contributed to more than 20% of the overall high density polyethylene industry share in 2015, and is projected to grow at a rate of 4.5% over 2016-2024.

Blow molded form of HDPE is endowed with favorable properties such as stiffness resistance, impact strength, cracking resistance, and temperature tolerance. It is principally used to manufacture water tanks, dustbins, fuel tanks, ducts, and plastic bottles. Blow molded form accounted for more than 25% of the total High Density Polyethylene (HDPE) Market in 2015, and will grow significantly over the coming years.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/1156

In the process of injection molding, plastic is first melted and then injected into a mold under high pressure. This form of HDPE is used to produce electronic components such as cell phones and contributed to more than 15% of the overall market share. HDPE is a key raw material of injection molded plastic market due to its high resistance properties.

Europe High Density Polyethylene (HDPE) Market covered more than 20% of the global revenue in 2015 and will record a CAGR of 3% over 2016-2024, driven by the huge expansion of the infrastructural sector in countries such as Spain Germany, and Italy.

Rapid growth in the cosmetic and construction sectors and the huge demand from packaged F&B market will drive APAC High Density Polyethylene (HDPE) Market, which accounted for more than 40% of the global share in 2015. The escalating infrastructural developments and rising construction spending in China and India will also fuel APAC HDPE market.

High Density Polyethylene (HDPE) Market from packaging applications was worth more than USD 16 billion in 2015. With prominent utilization in the cosmetics, pharmaceutical, and F&B sectors, this application segment is set to accrue substantial profits over 2016-2024, especially across Latin America and the U.S.

High Density Polyethylene (HDPE) Market is slated to observe remarkable gains from numerous sectors, given the widespread scope of these products. For instance, HDPE pipes are highly affordable in terms of material and installation, owing to which they are used for water supply and irrigation in agriculture. HDPE is also used to produce electrical boxes and telephone ducts. The rapid expansion of the construction, transportation, automotive, and packaging sectors will stimulate the industry trends in the years to come.

Read More News @ https://www.marketwatch.com/press-release/solution-styrene-butadiene-rubber-s-sbr-market-2019-global-industry-overview-by-size-trends-growth-forecast-to-2024-2019-05-31

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Linear Alkylbenzene Sulfonate (LAS) Market will generate admirable revenue by 2024

Published Date: 2019-06-24         Author: Rahul Varpe

Increasing product demand in manufacturing household detergents will be the major factor propelling the global linear alkylbenzene sulfonate market size over the estimated timeframe. The overall household detergents business is likely to exhibit gains more than 6% CAGR from 2016 to 2024 on account o... Read More

Smart and interactive textiles market Expected To Grow At A Highest CAGR Over The Forecast Timeframe

Published Date: 2019-06-24         Author: Rahul Varpe

High product manufacturing cost and market retain price in comparison to conventional fabrics may pose a threat to smart and interactive textiles market growth in the forecast spell. The product is highly technology oriented with incorporation of specialized sensors and actuators to deliver its desi... Read More

Concrete Floor Coatings Market Size: Demand, Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2024

Published Date: 2019-06-24         Author: Rahul Varpe

Elevating construction industry, particularly in the BRICS nations will positively boost the global concrete floor coatings market share over the projected timespan. The overall construction industry revenue in BRICS nations was approximately USD 2.5 trillion in 2015 and is likely to mark USD 8 tril... Read More

© 2019 Fractovia. All Rights Reserved