High-Density Polyethylene Global Market Sees Growth Rate Of 12% Through 2022

14 Oct, 2022

The global high-density polyethylene market size is expected to grow from $82.23 billion in 2021 to $91.94 billion in 2022 at a compound annual growth rate (CAGR) of 11.80%. The global high-density polyethylene market size is expected to grow to $139.71 billion in 2026 at a CAGR of 11.0%.

What is the Global High-Density Polyethylene Market?

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.

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What drives the Global High-Density Polyethylene Market?

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. HDPE pipe is environmentally sustainable because it is non-toxic, corrosion and chemical resistant has a long lifespan.

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Global High-Density Polyethylene Market Segments
The global high-density polyethylene market is segmented:
By Product Type: PE 63, PE 80, PE 100
By Application: Oil & Gas Pipe, Agricultural Irrigation Pipe, Water Supply Pipe, Sewage System Pipe, Other Applications
By End User Industry: Packaging, Building and Construction, Agriculture, Automotive, Other End Use Industries
By Geography: The regions covered in the high-density polyethylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global high-density polyethylene market.

High-Density Polyethylene Global Market Report 2022provides market size and growth forecasts for the global high-density polyethylene market, global high-density polyethylene market share, high-density polyethylene market segments and geographies, high-density polyethylene market competitive landscape including 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.

Global High-Density Polyethylene Industry Playersin the high-density polyethylene market are Asahi Kasei Corp., Braskem S.A, Chevron Phillips Chemical Co, Dow Chemical Co, Exxon Mobil Corp, Formosa Plastics Corp, LyondellBasell industries NV, Borealis AG. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.