FORT WORTH, Texas, April 14, 2015 /PRNewswire/ --
The market value of the global high density polyethylene market as of 2013 was $57,489.4 million and is estimated to reach $91,457.2 million by 2019, to grow at a CAGR of 7.9% from 2014 to 2019.
Browse through the TOC of global high density polyethylene market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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The global high density polyethylene market is significantly penetrating its end-use industries. High density polyethylene has different characteristics as per its manufacturing and application requirements in end products.
The Asia-Pacific region is expected to dominate this market with its growing demand for HDPE in different applications, especially in the automotive, packaging, footwear, electronics, mechanical, and other industries. The North American HDPE market is estimated to display rising growth in the next five years with allied industries expected to stabilize the overall business needs in respective regions.
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Expansions and acquisitions are the key strategies in this market. Manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of high density polyethylene to match new demand that comes from various end-user industries.
The key players in the global HDPE market are Abu Dhabi Polymer Co. Ltd. (UAE), Borealis AG (Austria), Chevron Phillip Chemical Company LLC (U.S.), China National Petroleum Corporation (China), ENI S.P.A (Italy), LyondellBasel Industries NV (the Netherlands), and others.
The HDPE demand, in terms of value and volume, depicts current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, and mergers & acquisitions of the leading companies, globally.
Polyethylene, also known as polythene, is the most commonly used plastic. It is chemically synthesized from ethylene. Polyethylene is used in various products, such as packaging products, pond liners, pipes, molds, wires, cables, general purpose tubes, drums, carrier bags, and household goods as it can be easily remolded. There are three major types of polyethylene: high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE).
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