Global High Density Polyethylene Market to grow at a CAGR of 5.08% through 2019
Fast Market Research announces the availability of Technavio's new report "Global High Density Polyethylene Market 2015-2019" on their comprehensive research portal.
Polyethylene, also known as polythene, is the commonly used plastic, and it is chemically synthesized from ethylene. Polyethylene is utilized in different products such as packaging products, pipes, molds, wires, cables, general purpose tubing, drums, carrier bags, and household goods. HDPE, LDPE, and LLDPE are the three types of polyethylene. HDPE is a thermoplastic and is manufactured from petrol chemical derivatives. It is a commonly recyclable product and has high strength and density ratio. It contains less than one side chain per 200 carbon atoms in the main chain, which helps in forming long linear chains, thus leading to high crystallinity. HDPE is tough, resistant to chemicals, resistant to UV radiation, and least flexible compared to other polyethylene types. It is used in blow molding application such as bottles and drums, toys, pipes, monofilaments, films, fiber, woven sacks, caps and closures, crates, household goods, and fuel tanks for automobile.
Technavio's analysts forecast the global HDPE market to grow at a CAGR of 5.08% by revenue over the period 2014-2019.
Get More Details on this Report and a Full Table of Contents at Global High Density Polyethylene Market 2015-2019
Commenting on the report, an analyst from Technavio’s team said: “The growing world economy has fueled an acceleration in consumer spending and manufacturing activity. Polyethylene continues to be the most widely used plastic resin in the world because of its low cost, recyclability, versatility, and ease of processing. The development of feedstock from various new sources such as coal, shale gas, and bio-based materials will indirectly give polyethylene a price or sustainability advantage relative to other plastic resins.”
According to the report, one of the most important drivers of this market is the increase in consumption of packaging material. Worldwide, consumers are trending toward flexible packaging option, as compared to rigid packaging.
Further, the report states that one of the major challenges confronting the market is environmental regulation on the use of plastic. Environmental concerns because of growing plastic waste globally are compelling governments to impose stringent environmental regulations
The key players in the Global High Density Polyethylene Market are Dow Chemical Company, ExxonMobil Chemical Corp., LyondellBasell NV, Saudi Basic Industries Corp. (SABIC) and Sinopec Corp. while other prominent vendors include BASF SE, Borealis, Braskem, Chevron Phillips Chemical, DuPont de Nemours, Eastman Chemical, Equistar Chemicals, Formosa Plastics, Global Polymer Industries, Haldia Petrochemicals, Huntsman, INEOS, LG Chem, Lone Star Chemical, Mitusi Chemicals, Nova Chemical, NPC, Pemex Petroquimica, Petkim, Reliance Industries, Repsol, Sasol, Shanghai Secco Petrochemical, Tosoh, Total Petrochemicals and Westlake Polymers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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