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High Density Polyethylene Market to accrue commendable gains from films and sheets segment

Author : Ravi Chawat | Published Date : 2020-08-25 

The flourishing construction and packaging sectors across the globe are contributing heavily towards high density polyethylene market expansion. Robust tensile strength and resistance to high temperatures make HDPE a favored product in the packaging industry, particularly in the cosmetics and beverages sectors.

The packaging sector accounted for a majority of the HDPE market share in 2015, with a valuation of over $16 billion, and is expected to witness significant growth in years to come. Rising demand for packaged items has led to an upsurge in high density polyethylene product demand. Coupled with higher disposable income levels and increasing packaged goods consumption like personal care items packaged foods, pharmaceutical products, etc., this elevated demand is likely to boost industry dynamics.

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The construction sector is one of the key revenue pockets for the high density polyethylene market. The thriving construction industry in the APAC region is set to augment high density polyethylene market share over the estimated time spell.

HDPE is useful for a number of construction activities including window & door profiles, roofing, cement, sealants & adhesives, building & flooring panels, piper & guttering and glazing, among others.

The product receives widespread acceptance in the automotive segment, stemming from the industry’s shifting preferences towards low-fuel consumption and minimal emissions in vehicles. This popularity will lead to a significant boost to the high density polyethylene market outlook in the sector.  

In terms of form-based segmentation, the high density polyethylene industry is categorized into blow molded, injection molded, pipe & extrude and films & sheets. Of these, the films and sheets segment is anticipated to depict maximum growth over the projected timeline, which may be ascribed to the escalating demand from the packaging sector for food products and delicate consumer products.

HDPE demonstrates significant application potential in the form of pipes and fitting. High density polyethylene pipes are highly reliably, inexpensive in comparison to their glass or metal counterparts and promote water conservation via leak prevention, low maintenance costs and longer lives.

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The HDPE pipes segment is set to amass substantial profits in developing economies like India, where beneficial government policies like “smart city mission” and “housing for all” are fueling high density polyethylene market size. As a matter of fact, India accounted for over 15% of the APAC HDPE market share in 2015 and is anticipated to register a CAGR of over 7% through 2024.

Likewise, rising demand for HDPE pipes from the agricultural industry for myriad applications like suction/delivery pumps, flow line & drip irrigation, water supplies and pesticide spray systems among others will further bolster industry outlook.

As per reliable reports, the high density polyethylene (HDPE) market size is expected to surpass $88 billion over 2024.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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