A Complete Market Study about HDPE

HDPE is a thermoplastic material manufactured from oil concoction subordinates. It is a typical recyclable item with high density and density ratio. This firm and slightly hard plastic is best to use for a broad range of applications including; rigid containers and tubes as well as a variety of daily household goods like clothespins, flasks, or handles of dishwashing brushes and there various other high demanding applications of HDPE in the modern world.

 The HDPE contains less than one side chain per 200 carbon atoms in the principle chain which helps in shaping long straight chains, thus leading to high crystallinity. According to Technavio’s Analysis, the global market of HDPE is expected to grow at CAGR of 5.08% by revenue over the period of 2014 – 2019.

The Key Vendors & Regions

The key vendors of HDPE product include;

·         Dow Chemical

·         Exxon Mobil chemical

·         Lyondell Basel

·         Saudi Basic Industries

·         Sinopec

The key regions which make a wide contribution to financial aspects of dealing with HDPE product are;

·         America

·         APAC

·         EMEA

Market Report of China

In China’s market, the demand for HDPE rods and plastics has grown at a very fast pace in the past few years, its production and demand is further expected to grow in the next few years.

The new study takes an insight into China’s economic trends, investment environment, industry development, supply and demand, industry capacity & structure, marketing channels, and other major industry participants.

Western Europe Growing Again

When it comes to talk about shares of HDPE product in a global market, the Asia-Pacific region has been the largest consumer of HDPE so far with a global market share of about 45%. This region is expected to gain the most vigorous growth in the coming eight years, to the same extent as in the past.

On the other hand, there is a reverse case of this product development in Western Europe. Though Asia-Pacific is the motor of main growth, and this region is expected to rise at average growth rates of 4.4% each year, yet sales market in Eastern Europe, is also likely to create above-average growth rates.

The demand for HDPE development in the market is highly emphasized on North America and Western Europe, however, but it will be notably slower.

Since HDPE is used in diverse applications such as; bottles, cosmetics, technical parts, food packaging, care products and household goods, and other products for the construction sector. Hence, according to Ceresana, the HDPE plastic is expected to generate worldwide revenues to almost USD 70 billion in 2019.