The Global HDPE Powder Market Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global HDPE powder market, assessing the market on the basis of its segments like type, function, application, and major regions.
The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 73.53 Billion
• Forecast CAGR (2022-2027): 4.0%
• Forecast Market Size (2027): USD 93.08 Billion
|Market Size in 2021||USD 73.53 Billion|
|Revenue Forecast in 2027||USD 93.08 Billion|
|Growth Rate CAGR||4.0%|
|Major Players||Weifang Yaxing Group Co., Ltd, Sundow Polymers Co. Ltd, Shandong Gaoxin Chemical Co. Ltd., LG Chem, Ineos Olefins, Korea Petrochemical Ind. Co. Ltd, Showa Denko, and Shandong Xuye New Materials Co. Ltd, among others.|
HDPE or high-density polyethene is a thermoplastic polymer prepared from the monomer ethylene. The HDPE polymer possesses several properties such as a high strength-to-density ratio, withstand extreme temperatures, and strong and high specific strength. These characteristics have been attributed to the use of HDPE resin as a raw material in several products including plastic bottles, toys, ropes, pipelines, chairs, and other businesses.
This is thus expected to stimulate the HDPE powder market growth during the forecast period. Further, the market is expected to grow with rising on-the-go food consumption, growing online food delivery services and the development of HDPE’s certification as a food-grade polymer. All these factors are favouring the growth of the HDPE powder market in the packaging industry.
The increasing trend of self-cleaning technologies such as self-cleaning concrete, self-cleaning fabrics, and self-cleaning paints are some of the applications that are incorporated into HDPE products and thus drive the HDPE product market growth. Stringent government regulations related to gas emissions have also led to the increasing demand for lightweight automobiles. The increasing adoption of lightweight products is projected to benefit the HDPE product market during the forecast period.
HDPE Powder Industry Definition and Major Segments
HDPE is a polyethene thermoplastic manufactured from petroleum. This polymer is generally categorised as a Type 2 plastic utilised in various end-user industries. HDPE is widely used in consumer durables and is eco-friendly in nature. HDPE is commonly recycled and transformed into plastic lumbar or composite wood.
The HDPE polymer is increasingly used owing to several factors including easy moldability, high resistance to chemicals and possess greater impact resistance.
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Based on type, the market can be segmented into:
• Resin Type
• Elastomer Type
Based on function, the market is segmented into:
• Resin Making
The segmentation of the global HDPE powder market based on application is as follows:
• Wire & Cable
• Automotive House and Tapes
• Pipes and Fittings
By region, the market is classified into:
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
HDPE Powder Market Trends
HDPE powder is employed in the manufacturing of pipes and pipelines in domestic plumbing in the construction sector. With time, plastic pipes are replacing traditional steel or concrete pipes as they are less costly, easily installable and function more effectively. This is expected to aid the HDPE powder market development in the forecast period.
Additionally, the HDPE powder pipes possess strong internal pressure and high resilience for withstanding the water hamper pressure. These pipes offer effective performance in hard soils, have lesser maintenance costs, and are resistant to natural calamities such as earthquakes, and other environmental stresses. These advantages are further bolstering the growth of the HDPE powder market.
The Asia Pacific is anticipated to hold a significant share owing to the presence of many packaging industries in this region. The rapid urbanisation and the growth in the construction sector are anticipated to support the HDPE powder market in the forthcoming years. Besides, the rising expenditure by government on the infrastructure development in emerging nations is also fueling the HDPE powder market.
Key Market Players
The major players in the global HDPE powder market report are:
- Weifang Yaxing Group Co., Ltd
- Sundow Polymers Co. Ltd
- Shandong Gaoxin Chemical Co. Ltd.
- LG Chem
- Ineos Olefins
- Korea Petrochemical Ind. Co. Ltd
- Showa Denko
- Shandong Xuye New Materials Co. Ltd
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyzes the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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