Grand View Research.com has announced the addition of High Density Polyethylene (HDPE) Market Analysis And Segment Forecasts To 2022 Market Research report to their Database.
More information: High Density Polyethylene (HDPE)
Global high density polyethylene (HDPE) market is anticipated to witness strong growth on account of high demand for packaging for widespread applications which include pharmaceuticals, personal care products and food and beverages. In addition, HDPE is also used in construction, blow molded bottles, electronics and chemicals. HDPE is a polyethylene thermoplastic made from petroleum. HDPE has vast market opportunity on account of high strength to density ratio, corrosion resistance, improved impact resistance and acceptable food contact making them ideally suited for use in plastic bottles, pipes, plastic lumber and geomembranes. Increasing expenditure on construction is anticipated to augment HDPE market demand over the projected period owing to rising demand for pipes and related products such as telephone ducts and plumbing and electrical boxes.
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Food and beverages was the largest segment for HDPE within the packaging industry on account of rising demand for molded bottles over past few years and the trend is anticipated to continue over the forecast period. Asia Pacific emerged as the largest market for HDPE in 2014 and the trend is expected to continue in the coming seven years. Europe was the second largest market on account of high demand of HDPE for injection molding and film products.
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Major players dominating the HDPE market include Borealis AG, Abu Dhabi Polymers Ltd., Honam Petrochemical Corporation, Dow Chemical Company and PetroChina Company Ltd. Small players such as Wolseley Industrial Group is a national leader in the USA in wholesale distribution for HDPE. It provides total solution for all HDPE projects and claims to build virtually anything from polythene Borouge is a joint venture between Austria based Borealis and Abu Dhabi National Oil Company which is a leading provider of innovative and vale creating plastics solutions. It is involved in manufacture and supply of latest differentiated and sustainable HDPE for widespread applications in molding, advanced packaging applications and infrastructure. In addition to this, bimodal HDPE has emerged as a new source for blow molding applications on account of improved qualities. Properties such as high environment stress crack resistance and top load strength has made it an ideal substitute to unimodal HDPE. Borealis a niche player in HDPE market along with Borouge is involved in showcasing HDPE material solutions for lightweight construction of electric car.
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Further information: High Density Polyethylene (HDPE) Market Trends, Company Share To 2022: Grand View Research, Inc. – visit www.pressreleaseplace.co.uk