The high-density polyethylene market consists of the sales of high-density polyethylene and its related services used in pipes systems, toys, and plastic containers. High-density polyethylene is a plastic polymer with flexible properties. PE-HD has high density, and is resistant to impact and chemicals, hence it is widely used in healthcare and laboratory environments. PE-HD is also used in heave-duty damp proof membranes, flexible bags, and films.
Global High-Density Polyethylene Market Size And Drivers:
The global high-density polyethylene market is expected to grow from $72.5 billion in 2020 to $87.23 billion in 2021 at a compound annual growth rate (CAGR) of 20.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $101.29 billion in 2025 at a CAGR of 4%. The unique set of properties of PE-HD (high-density polyethylene) such as lightweight, impact resistance, flexibility, and ability to resist low temperatures serves as the most important drivers for the market. These properties have increased demand for PE-HD in end-user industries such as manufacturing, energy, geothermal, marine, mining, landfill, HVAC, gas, oil, mining and agricultural industry.
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Trends In The Global High-Density Polyethylene Market
Companies involved in high-density polyethylene (PE-HD) market are investing heavily to increase sustainability of PE-HD. Companies are putting efforts to use raw materials that are environmentally safe, and simultaneously maintain the quality and safety standards of their products. Following the trend, for instance, Chevron Phillips Chemical is one of the top suppliers of polyethylene in the world. It provides high-density (HDPE), medium-density (MDPE), low-density (LDPE), linear low-density (LLDPE), metallocene, and masterbatches for a broad range of applications including pressure pipe, soap and detergent bottles, flexible packaging, coating and laminations, films, and more.
Global High-Density Polyethylene Market Segments:
The global high-density polyethylene market is further segmented –
By Product Type: PE 63, PE 80, PE 100
By Application: Oil & Gas Pipe, Agricultural Irrigation Pipe, Water Supply Pipe, Sewage System Pipe, Others
By End Use Industry: Packaging, Building And Construction, Agriculture, Automotive, Others
By Geography: The global high-density polyethylene market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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High-Density Polyethylene Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides high-density polyethylene market overviews, analyzes and forecasts market size and growth for the global high-density polyethylene market, high-density polyethylene market share, high-density polyethylene market players, high-density polyethylene market segments and geographies, high-density polyethylene market’s leading competitors’ revenues, profiles and market shares. The high-density polyethylene market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
