The high density polyethylene (HDPE) market is greatly diversified with market players operating across the globe, says Transparency Market Research (TMR). The top five companies operating in the market are present across the value chain and have large plant capacities – they collectively account for 22.3% of the market, says TMR. These top five players include: LyondellBasell Industries, Chevron Phillips Chemical Company, INEOS Olefins and Polymers, ExxonMobil Corporation, and SABIC. These major players have tough competition among themselves. The entry of various small to medium scale HDPE manufacturers in the market has resulted in the fluctuation of prices, suggests TMR. New entrants are selling products at lower prices thus, intensifying the competition.
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