MCP-2079: HIGH DENSITY POLYETHYLENE – A GLOBAL STRATEGIC BUSINESS REPORT

High Density Polyethylene Market to Reach to Nearly 84 Billion Pounds in 2012, According to New Report by Global Industry Analysts, Inc.

Widespread use of HDPE in liquid food packaging, sterile packaging, automobiles, acceptance of recycled high-density polyethylene, innovative packaging designs and technological advancements are expected to spur growth in HDPE market. Worldwide consumption of HDPE is projected to be around 83.8 billion pounds in 2012.

San Jose, California (PRWEB), April 24, 2008 -- High Density Polyethylene (HDPE) constitutes one of the most widely used plastic materials. It is the world’s third-largest commodity plastic resin after polyvinyl chloride and polypropylene. Increasing affluence of developing countries including most Asian countries, Middle East and other parts of the world is driving demand for thermoplastics such as polyethylene, polypropylene and other plastics. Unique features of HDPE including environment friendly, excellent flexibility, wide range of designs, and cost-effectiveness have turned the material into standard polymer of choice in manufacturing bottles, particularly for packaging liquids such as lubricants, detergents and dairy products. Widespread use of HDPE in liquid food packaging, sterile packaging, automobiles, growing acceptance of recycled material, innovative packaging designs, and technological advancements such as introduction of metallocene, single-site, and other specialized catalysts are expected to fuel growth in consumption.

United States HDPE market is expected to reach 19.5 billion pounds by 2010, as stated by Global Industry Analysts, Inc. Asia-Pacific accounts for nearly 35% of the global high density polyethylene market. Global consumption of HDPE in blow molding is expected to grow at a compounded annual rate of nearly 4.5% over the period 2001-2010.

The HDPE market is highly competitive, characterized by the presence of several chemical powerhouses. Market participants include ChevronPhillips Chemical Company, Dow Chemical, ExxonMobil Chemical, Equistar Chemicals, Formosa Plastics, Ineos, LyondellBasell Chemicals, SINOPEC Corp, Saudi Arabia Basic Industries Corp (SABIC) and TOTAL SA.

“High Density Polyethylene: A Global Strategic Business Report” published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, end-use perspective, players, competition, recent developments, mergers, acquisitions, alliances and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Asia, Latin America and the Middle East. Analytics are provided for the period 1991-2015, in terms of end-use segments including Blow Molding, Extrusion Applications (Film, Pipes and Other Extruded Products), Injection Molding (Industrial Containers, Packaging, Housewares and Others), Resellers and Compounders, and Rotomolding.

» Click here to view full details of the report

« Back