Global High Density Polyethylene (HDPE) Resins Market, By Type (Adhesive Type HDPE Resin, Coating Type HDPE Resin), Application (Film and Sheet, Injection Molding, Blow Molding, Pipe and Profile, Wire and Cables, Others), End User (Packaging, Agriculture, Building and Construction, Personal Care, Household, Industrial Containers and Bottles, Automotive, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
High density polyethylene (HDPE) resins market size is expected to grow at a compound annual growth rate of 5.46% for the forecast period of 2021 to 2028. Data Bridge Market Research report on high density polyethylene (HDPE) resins market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
High-density polyethylene abbreviated as HDPE, generally refers to a thermoplastic polymer which is obtained from the monomer ethylene. HDPE is a strong, multipurpose resin which many associate with 1-gallon milk containers that use this material in its natural state.
The high demand from foods and beverages sector is expected to influence the growth of the high density polyethylene (HDPE) resins market. In line with this, the easy availability of cheap raw material and high demand of multiple use plastic across the world due to strengthening of regulations on single-use plastic are also anticipated to act as key determinants favoring the growth of the high density polyethylene (HDPE) resins market over the forecast period of 2021 to 2028. Also the, rise in the used in the production of films along with the rise in the focus on expanding the shelf life of edible products are also expected to positively impact the growth of the high density polyethylene (HDPE) resins market. The major factor accountable for the growth of the market is the rapid surge in the demand for packaging raw materials.
However, the volatile prices of crude oil and high cost due to rise in the environmental problems caused by the production and degradation of HDPE are likely to act as key restraints towards high density polyethylene (HDPE) resins market growth rate in the forecast period of 2021 to 2028, whereas the limited supply of HDPE can challenge the growth of the high density polyethylene (HDPE) resins market in the above mentioned forecast period.
Furthermore, the water control projects and several new construction projects are using new multi-layer HDPE pipes, increase in the investment of research and development and rise in construction activities are expected to offer a variety of growth opportunities for the high density polyethylene (HDPE) resins market in the above mentioned forecast period.
This high density polyethylene (HDPE) resins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on high density polyethylene (HDPE) resins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global High Density Polyethylene (HDPE) Resins Market Scope and Market Size
High density polyethylene (HDPE) resins market is segmented on the basis of type, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the high density polyethylene (HDPE) resins market is segmented into adhesive type HDPE resin and coating type HDPE resin.
- On the basis of application, the high density polyethylene (HDPE) resins market is segmented into film and sheet, injection molding, blow molding, pipe and profile, wire and cables and others
- The end user segment for high density polyethylene (HDPE) resins market is segmented into packaging, agriculture, building and construction, personal care, household, industrial containers and bottles, automotive and others.
High Density Polyethylene (HDPE) Resins Market Country Level Analysis
High density polyethylene (HDPE) resins market is analyzed and market size, volume information is provided by country, type, application and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in the population and the rapidly developing packaging and construction industries. China is projected to dominate the demand in the Asia-Pacific region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and High Density Polyethylene (HDPE) Resins Market Share Analysis
High density polyethylene (HDPE) resins market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to high density polyethylene (HDPE) resins market.
The major players covered in the high density polyethylene (HDPE) resins market report are Dow, Exxon Mobil Corporation, Formosa Plastics Corporation, LyondellBasell Industries Holdings B.V., USI Corporation, Chevron Phillips Chemical Company LLC, NOVA Chemicals Corporate, Shandong Gaoxin Chemical Co.Ltd, LG Chem, INEOS, Geo-Synthetics, LLC, Total, Indian Oil Corporation Ltd., SCG Chemicals Co., Ltd., Reliance Industries Limited, Versalis S.p.A., Lone Star Chemical, SABIC, Braskem, and Afton Chemical among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.