-- The blow molded high density polyethylene market held a market share of over 25% in 2015 which is expected to grow at a robust rate. Plastic bottles are made from HDPE, whose demand is projected to increase with the growing beverage industries. Film & sheets are estimated to grow at a decent rate of over 4.5% during the forecast period, owing to its wide use in notebook covers.
The product market in Asia Pacific is expected to register high sales by 2024, owing to the increased consumption of the product in consumer goods. Development in countries like China and India will fuel the market growth. The trend of rigid packaging of consumer goods will propel the product market in North America and Europe.
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Growth Drivers are
1. Increased adoption of packaged food
2. Growing construction sector
3. Flourishing automobile industry
The packaging industry has experienced a drastic change over the past few years. The increased demand for packaged goods has escalated the demand for high density polyethylene (HDPE). With the increased disposable income of the people, consumption of products such as packaged foods, personal care products, pharmaceuticals, etc. has considerably increased over the past few years. This will lead to an escalating demand for the product.
The construction segment has been growing rapidly due to the growth in global infrastructure sector. The strong economic condition of the countries will give a boost to the construction sector, which in turn will accelerate the product market. The use of HDPE for plastic pipes in buildings will accelerate the product market. The construction projects in developed and developing regions of the world will ramp up the market growth.
The automotive sector has enjoyed several benefits of the product during the manufacturing process. The product has contributed to reduce the fuel consumption in vehicles which is one of the key aspects that consumers look for. This will give an impetus to the high density polyethylene market. The level of pollutant emission is also reduced with the use of HDPE, which will drive the product market. The high demand for films and pipes in the agriculture sector will likely augment the product market.
Ethylene is used in the production of HDPE, which is a petroleum-based product. The oscillating price of raw material such as crude oil will adversely affect the product market.
Browse key industry insights spread across 161 pages with 152 market data tables & 22 figures & charts from the report, “High Density Polyethylene (HDPE) Market Size By Form (Blow Molded, Pipe & Extruded, Film & Sheet, Injection Molded), By End-user (Agriculture, Building & Construction, Automotive, Packaging), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/high-density-polyethylene-HDPE-market
The end-use industries served by the product are automotive, packaging, agriculture and construction. The packaging industry held the dominant market share in 2015 with a value exceeding USD 16 billion, which is expected to grow at a robust pace. The product can be found in various forms such as pipe & extruded, injection molded, blow molded and film & sheet.
The key companies present in the product industry are Honam Petrochemical Corporation, Borealis AG, The Dow Chemical Company, PetroChina Company Limited, Abu Dhabi Polymers Company Ltd., Formosa Plastics Corp., LyondellBasell industries NV, Exxon Mobil Corp., Braskem S.A. and Chevron Phillips Chemical Co.
Chapter 3. High Density Polyethylene (HDPE) Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor matrix
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Increased adoption of packaged food
3.4.1.2. Growing construction sector
3.4.1.3. Flourishing automobile industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Oscillating crude oil prices
3.5. Growth potential analysis
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Company market share analysis, 2015
3.8.1. Strategic landscape
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
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Chapter 4. High Density Polyethylene (HDPE) Market, By Form
4.1. High density polyethylene market share by form, 2015 & 2024
4.2. Blow molding
4.2.1. Market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Pipe and extrusion
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Film & sheet
4.4.1. Market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
4.5. Injection molding
4.5.1. Market estimates and forecasts, 2013 – 2024
4.5.2. Market estimates and forecasts by region, 2013 – 2024
4.6. Others
4.6.1. Market estimates and forecasts, 2013 – 2024
4.6.2. Market estimates and forecasts by region, 2013 – 2024
Browse Related News:
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https://www.gminsights.com/industry-analysis/linear-low-density-polyethylene-LLDPE-market
2. Paperboard Packaging Market Share Forecast, 2019-2024
https://www.gminsights.com/industry-analysis/paperboard-packaging-market
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