High-Density Polyethylene (HDPE) Extrusion Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Form (Blow Molded, Pipe And Extruded, Film And Sheet, Injection Molded, Others), End-User (Agriculture, Building And Construction, Automotive, Packaging, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Apr 2022 Report Code: KSI061612677 Pages: 94

High-density polyethylene extrusion market was evaluated at US$33.145 billion for the year 2020, growing at a CAGR of 4.28%, reaching a market size of US$44.445 billion by the year 2027.

A thermoplastic polymer made from the monomer ethylene is known as high-density polyethylene. The high strength-to-density ratio of HDPE is well-known. It has elevated specific strength and is hard, opaque, and temperature resistant. It can withstand a variety of solvents. These characteristics allow HDPE resin to be used as a raw material in various industries. The process of developing HDPE after extrusion is termed HDPE extrusion. The characteristics of HDPE make it suitable for several applications in different industries. The application of HDPE in the food packaging industry is one of the major factors contributing to the market growth of HDPE extrusion. In industrial liners, carrier bags, and other applications, HDPE sheets and films are becoming increasingly popular. HDPE is used as a raw material for a large portion of rigid packaging solutions. The global increase in automotive production is a major element influencing the global growth of the high-density polyethylene market. The ultra-high molecular weight grade of high-density polyethylene ls is available in many densities, providing toughness that outlasts steel in some applications. As a result, the demand for high-density polyethylene from the automobile industry is increasing. As the demand for high-density polyethylene rises in different industries, the market for HDPE extrusion is growing globally.

The recent outbreak of the COVID-19 pandemic had a negative impact on the market growth of the high-density polyethene extrusion market. The lockdowns and isolations imposed by international governments resulted in the shutdown of manufacturing and extrusion plants of HDPE. The less availability of labourers during the pandemic period also resulted in the shutdown of HDPE extrusion units leading to the downfall of the global high-density polyethene extrusion market.

Rising demand in the food and packaging industry

The wide application of HDPE in the food and packaging industry is one of the significant factors contributing to the market growth of the global HDPE extrusion market. Because of its low moisture absorption and chemical and corrosion resistance, HDPE is widely used in several industries. Due to expanding urbanization, increased sales of smart devices, surging internet penetration, and the growing e-commerce sector, HDPE is widely used in the packaging business worldwide. Furthermore, due to its expanding use in the production of diverse items, including bottle caps, food storage containers, and bags, HDPE employment in the food and beverage sector is increasing. This, combined with expanding on-the-go food consumption, an increase in the number of online food delivery platforms, and HDPE's certification as a food-grade polymer, is boosting the market growth of HDPE in the global market. The rising demand for HDPE is also fuelling the market growth of HDPE extrusion in the global market.

The drastic developments in the construction field

The expanding construction activities and rapid urbanization around the world are driving the global market for high-density polyethylene extrusion. The worldwide volume of construction is predicted to expand by 85 percent by 2030, according to Global Construction Perspectives and Oxford Economics. This expansion would be fuelled in particular by countries like India, the United States, and China, which are anticipated to account for roughly 57 percent of the overall market value. Compared to China, the construction industry in the United States is predicted to grow at a faster rate. The expanding building industry is predicted to drive up demand for HDPE pipes by a factor of ten. HDPE pipes are steadily replacing pipes made of traditional materials such as steel and concrete, among others, due to their ease of installation, reduced cost, and superior performance. The rising demand for HDPE material in different industries and the wide applications of HDPE in different sectors are fuelling the market growth of the HDPE extrusion market.

Asia Pacific region expected to hold a major market share   

Geographically, the Asia Pacific region is showing drastic growth in the market share of the high-density polyethylene extrusion (HDPE) market. The quickly rising packaging and construction industries, as well as the region's already high and ever-growing population, have contributed to market expansion. Furthermore, the Asia Pacific region is home to the majority of the world's HDPE manufacturing facilities. The presence of several HDPE extrusion centers in the Asia Pacific region is also contributing to the market growth of HDPE extrusion in the Asia Pacific region.

High-Density Polyethylene (HDPE) Extrusion Market Scope:

Report Metric Details
 Market size value in 2020  US$33.145 billion
 Market size value in 2027  US$44.445 billion
 Growth Rate  CAGR of 4.28% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Form, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Chevron Phillips Chemical Company, Dynalab Corp, The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries N.V., INEOS AG, Saudi Basic Industries Corporation (SABIC), SINOPEC Beijing Yanshan Company, PetroChina Company Ltd., Braskem, Reliance Industries Ltd., Formosa Plastics Corporation, Daelim Industrial Co. Ltd, Prime Polymer Co. Ltd, Mitsui Chemicals Inc.
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Form
    • Blow Molded
    • Pipe and Extruded
    • Film and Sheet
    • Injection Molded
    • Others
  • By End-User
    • Agriculture
    • Building and construction
    • Automotive
    • Packaging
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the high-density polyethene extrusion (HDPE) market size by 2027?
A1. The high-density polyethene extrusion (HDPE) market is expected to reach a market size of US$44.445 billion by 2027. 


Q2. What are the growth prospects for the high-density polyethene extrusion market?
A2. The global high-density polyethene extrusion (HDPE) market is expected to grow at a CAGR of 4.28% during the forecast period. 


Q3. What is the size of the global high-density polyethylene extrusion (HDPE) market?
A3. High-Density Polyethylene (HDPE) Extrusion Market was valued at US$33.145 billion in 2020.

 
Q4. What factors are anticipated to drive the high-density polyethene extrusion market growth?
A4. The application of HDPE in the food packaging industry is one of the major factors contributing to the high-density polyethene extrusion market growth.


Q5. Which region holds the maximum market share in the high-density polyethene extrusion market?
A5. Geographically, the Asia Pacific region is showing drastic growth in the high-density polyethene extrusion (HDPE) market.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. High-Density Polyethylene (HDPE) Extrusion Market Analysis, by Form 
5.1. Introduction
5.2. Blow Molded
5.3. Pipe and Extruded 
5.4. Film and Sheet
5.5. Injection Molded
5.6. Others

6. High-Density Polyethylene (HDPE) Extrusion Market Analysis, by End User 
6.1. Introduction
6.2. Agriculture
6.3. Building and Construction
6.4. Automotive
6.5. Packaging
6.6. Others

7. High-Density Polyethylene (HDPE) Extrusion Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. UK
7.4.4. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. India
7.6.3. Japan
7.6.4. South Korea
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Indonesia
7.6.8. Others

8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Company Profiles 
9.1.  Chevron Phillips Chemical Company
9.2.  Dynalab Corp
9.3. The Dow Chemical Company
9.4.  Exxon Mobil Corporation
9.5.  LyondellBasell Industries N.V.
9.6. INEOS AG
9.7.  Saudi Basic Industries Corporation (SABIC)
9.8.  SINOPEC Beijing Yanshan Company
9.9.  PetroChina Company Ltd.
9.10.  Braskem, Reliance Industries Ltd.
9.11. Formosa Plastics Corporation
9.12.  Daelim Industrial Co. Ltd
9.13. Prime Polymer Co. Ltd
9.14.  Mitsui Chemicals Inc.

Chevron Phillips Chemical Company

Dynalab Corp

The Dow Chemical Company

 Exxon Mobil Corporation

 LyondellBasell Industries N.V.

INEOS AG

 Saudi Basic Industries Corporation (SABIC)

SINOPEC Beijing Yanshan Company

PetroChina Company Ltd.

Braskem, Reliance Industries Ltd.

Formosa Plastics Corporation

Daelim Industrial Co. Ltd

Prime Polymer Co. Ltd

Mitsui Chemicals Inc.

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