The High-Density Polyethylene Market Is Estimated To Reach $145.5 Billion By 2027 At A CAGR Of 9.6% – Includes High-Density Polyethylene Market Share
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The unique set of properties of PE-HD are expected to drive innovation in high-density polyethylene manufacturing, thus driving the market during the forecast period.
The global high-density polyethylene market is expected to grow from $91.73 billion in 2022 to $100.99 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The global high-density polyethylene market size is expected to grow from $145.5 billion in 2027 at a CAGR of 9.6%.
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Global High-Density Polyethylene Market Segments Include:
- 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 market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global high-density polyethylene market in 2021.
Major Market Players in the high-density polyethylene market include Asahi Kasei Corp., Braskem S.A, Chevron Phillips Chemical Co., Dow Chemical Co., Exxon Mobil Corp., Formosa Plastics Corp.
Companies involved in the high-density polyethylene (PE-HD) market are investing heavily to increase the sustainability of PE-HD. Companies are making efforts to use environmentally safe raw materials while maintaining 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 pipes, soap and detergent bottles, flexible packaging, coatings and laminations, films, and more.
The High-Density Polyethylene Global Market Report 2023 provides a high-density polyethylene market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The high-density polyethylene market forecast analyzes high-density polyethylene market size, high-density polyethylene market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
High-density polyethylene is a plastic polymer with flexible properties. HDPE has high density and is resistant to impact and chemicals, hence it is widely used in healthcare and laboratory environments. HDPE is also used in heavy-duty damp-proof membranes, flexible bags, and films.
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