High-Density Polyethylene (HDPE) Extrusion Market worth US$44.445 billion by 2027
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market “High-Density Polyethylene (HDPE) Extrusion Market” – which is forecasted from 2020 to 2027”.
The rising demand for the HDPE in multiple industries and its vast applications are expected to fuel the market growth of the Global High-density Polyethylene Extrusion Market. The expanding building and construction segment and increased use of HDPE pipes instead of concrete or steel are further anticipated to drive the market growth onward.
As per the report, the High-Density Polyethylene (HDPE) Extrusion Market is projected to grow at a steady pace.
High-density polyethylene is manufactured from monomer ethylene. These thermoplastic polymers are also called polythene or alkathene. Owing to its high strength-to-density ratio, HDPE is the most versatile plastic and is used in a wide range of applications, including shampoo bottles, milk jugs, cutting boards, plastic bottles, bleach bottles, pipes, and many others. Furthermore, they also possess several other attributing features such as high melting point, excellent tensile strength, and high impact resistance. HDPE’s growing consumption in making of sheets, liners, rigid packaging materials, 3D printing filaments, and fireworks, among many others, are driving the market growth during the forecasted period.
On the basis of the form, the High-Density Polyethylene Market is segmented into Blow Molded, Injection Molded Film & Sheet, Pipe & Extruded, and others. Blow Molded and Injection Molded are expected to occupy a dominant share in the market. The food & packaging and construction segments are expected to occupy the dominant share owing to rapid urbanization and a wide range of applications of HDPE in the respective segments.
On the basis of geography, the High-Density Polyethylene Extrusion Market is segmented into North America, South America, Asia Pacific, Europe, the Middle East, and Africa. As a home to several HDPE production facilities, the Asia Pacific region is expected to have a dominant market share in the projected period. The increasing construction projects and growing packaging industries are also adding impetus to market growth.
The market significantly cooled down during the global pandemic. The surge in active cases mandated lockdown and social distancing measures have led to the closure of the many production facilities in the industry. Thus, the production efficiency was significantly lowered in multiple countries. At the same stringent border restrictions further affected imports and exports in multiple countries, disrupting the supply chain.
As a part of the report, the key players active in the High-Density Polyethylene Extrusion Market that has been covered are 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.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/high-density-polyethylene-extrusion-market
This analytics report segments the Global High-density Polyethylene Extrusion Market on the following basis:
- By Form
- Blow Molded
- Pipe and Extruded
- Film and Sheet
- Injection Molded
- By End-User
- Building and construction
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
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