High Density Polyethylene Market will be worth of US$ 84.79 Bn in 2023, growing at a CAGR of 4.5% by 2023

Transparency Market
Research
High Density Polyethylene Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2023
Published Date
18-Aug-2015
200 Page Report
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Press Release
Boom in Packaging and Agriculture Industries Spurs Demand
for High Density Polyethylene, reports TMR
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High Density Polyethylene Market
REPORT DESCRIPTION
High Density Polyethylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2023
The extremely fragmented global high density polyethylene market comprises a vast majority of regional and
local producers that cater to local businesses. The three leading producers of high density polyethylene had
barely taken up 16.3% of the global HDPE volume generated in 2014. These producers – Chevron Philips
Chemical Company, LyondellBasell Industries, and INEOS Olefins and Polymers – currently offer large plant
capacities and hold a strong distribution chain in key consumption regions.
According to a new publication by Transparency Market Research, the degree of competition in the global
market of high density polyethylene is expected to remain high over the coming years. The small number of
players that currently hold a global and regional prominence in HDPE production are vying to increase their
plant capacities.
The threat of new entrants is expected to remain low till 2023, owing to the very challenging aspect of
procuring raw materials for producing high density polyethylene. Additionally, the high capital required to set up
the technically intensive production plants also deter many entities from entering this market.
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In terms of revenue, the global market for high density polyethylene is expected to progress at a CAGR of
4.5% within a forecast period from 2015 to 2023. By the end of 2016, this revenue is expected to reach
US$62.8 bn by the end of 2016 and US$84.79 bn by 2023. In terms of volume, the global market for high
density polyethylene is expected to progress at a CAGR of 4.2% from 2015 to 2023.
Blow molding has been a consistently popular method of producing high density polyethylene. By the end of
2023, this segment will take up 29.1% of the global HDPE volume.
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High Density Polyethylene Market
APAC Dominance in High Density Polyethylene Consumption Continues
Asia Pacific has been the top consumer of high density polyethylene over the recent past, owing to a fastgrowing economy and the rise of consumerist trends. By the end of 2023, nearly 46.8% of the global volume of
high density polyethylene will be taken up by Asia Pacific.
Packaging and agriculture have dominated the demand for high density polyethylene over the years. Till 2023,
the leading demand for high density polyethylene is expected to be derived from the packaging industry, which
will take up 31.2% of the global HDPE volume by then.
Growth in Packaging and Agriculture Industries Lead to Increase in HDPE Demand
“Nearly 30% of the various materials used in packaging is high density polyethylene,” states a TMR analyst.
“This is a massive chunk of the global high density polyethylene production that is taken up by the packaging
industry. Current trends in consumer goods and food and beverage industries are pointing towards a surge in
consumption rates, further increasing the demand for high density polyethylene. Rigid plastic packaging and
aesthetic qualities hold top priority in these industries, and therefore need HDPE to provide the same,” the
analyst adds.
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Similar growth rates can be seen in the agriculture industry, where high density polyethylene is used to
manufacture high quality sheets and tarpaulins. These sheets offer great protective properties, especially
against UV rays and different weather conditions. Therefore, the currently high growth rate of the agriculture
industry is a direct driver of the demand for high density polyethylene.
Raw Material Cost Volatility Deters HDPE Producers
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High Density Polyethylene Market
The raw materials required to produce high density polyethylene come from crude oil, which holds one of the
more unpredictable rates of production and consumption. Any fluctuations in the costs of crude oil will directly
reflect in all its downstream activities, including the production of HDPE.
This will continue to hamper the steady and healthy growth rate of HDPE producers in the coming years. The
sheer difficulty for small-scale producers to procure crude oil raw materials is also enough to keep a large
number of entities from entering HDPE production.
The TMR analyst states, “Instead of depending on crude oil for raw materials, HDPE producers can look
towards developments in bio-based HDPE, which can be produced from sugarcane-based ethanol rather than
the petroleum-based ethylene.”
The information presented in this review is based on a Transparency Market Research report, titled, “High
Density Polyethylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015
- 2023.”
Key Takeaways:
•
Blow molding requirement of high density polyethylene estimated to generate US$23.6 bn by 2023.
•
The HDPE demand from the packaging industry is estimated to value US$25.2 bn by 2023.
•
The HDPE demand from Asia Pacific is projected to reach US$36.4 bn by 2023.
Key segments of the Global High Density Polyethylene Market
Global High Density Polyethylene Market, by Product Segment
•
Blow molding
•
Pipe and extrusion
•
Film & sheet
•
Injection molding
•
Others (including rotomolding, etc.)
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High Density Polyethylene Market
Global High Density Polyethylene Market, by Application Segment
•
Agriculture
•
Building & Construction
•
Automotive
•
Packaging
•
Others (including industrial, etc.)
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope
1.4 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Introduction
3.2 Value Chain Analysis
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High Density Polyethylene Market
3.3 Market Drivers
3.3.1 Rapid growth in the plastic packaging market to bolster the HDPE market
3.3.2 Growth in demand for agricultural films and pipes anticipated to drive the HDPE market
3.4 Restraints
3.4.1 Volatile raw material prices could hamper HDPE market growth
3.5 Opportunity
3.5.1 Bio-based HDPE to open up new opportunities for the HDPE market
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitutes
3.6.5 Degree of Competition
3.7 High Density Polyethylene: Market Attractiveness Analysis
3.8 High Density Polyethylene: Company Market Share Analysis, 2014
Chapter 4 Global High Density Polyethylene Market: Price Trend Analysis
4.1 High Density Polyethylene: Price Trend analysis
Chapter 5 High Density Polyethylene Market – Product Segment Analysis
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High Density Polyethylene Market
5.1 Global High Density Polyethylene Market: Product Segment Overview
5.1.1 Global High Density Polyethylene Market Volume Share, by Product, 2014 and 2023
5.2 Blow Molding
5.2.1 Global High Density Polyethylene Market for Blow Molding, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.3 Pipe and Extrusion
5.3.1 Global High Density Polyethylene Market for Pipe and Extrusion Market, 2014 – 2023 (Kilo Tons)
(US$ Mn)
5.4 Film and Sheet
5.4.1 Global High Density Polyethylene Market for Film and Sheet Market, 2014 – 2023 (Kilo Tons) (US$
Mn)
5.5 Injection Molding
5.5.1 Global High Density Polyethylene Market for Injection Molding Market, 2014 – 2023 (Kilo Tons) (US$
Mn)
5.6 Others (including rotomolding, fibres, etc.)
5.6.1 Global High Density Polyethylene Market for Other Products, 2014 – 2023 (Kilo Tons) (US$ Mn)
Chapter 6 High Density Polyethylene Market – Application Analysis
6.1 Global High Density Polyethylene Market: Application Overview
6.1.1 Global High Density Polyethylene Market Volume Share, by Application, 2014 and 2023
6.2 Agriculture
6.2.1 Global High Density Polyethylene Market Market for Agriculture, 2014 – 2023 (Kilo Tons) (US$ Mn)
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6.3 Building and Construction
6.3.1 Global High Density Polyethylene Market Market for Building and Construction, 2014 – 2023 (Kilo
Tons) (US$ Mn)
6.4 Automotive
6.4.1 Global High Density Polyethylene Market Market for Automotive, 2014 – 2023 (Kilo Tons) (US$ Mn)
6.5 Packaging
6.5.1 Global High Density Polyethylene Market Market for Compounding, 2014 – 2023 (Kilo Tons) (US$
Mn)
6.6 Others (Including industrial, consumer goods, etc.)
6.6.1 Global High Density Polyethylene Market Market for Others, 2014 – 2023 (Kilo Tons) (US$ Mn)
Chapter 7 High Density Polyethylene Market - Regional Analysis
7.1 Global High Density Polyethylene Market: Regional Overview
7.1.1 Global High Density Polyethylene Market Volume Share, by Region, 2014 and 2023
7.2 North America
7.2.1 North America High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.2.2 North America High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.2.3 North America High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.2.4 North America High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.2.3 U.S.
7.3.1 U.S. High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
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7.3.2 U.S. High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.3.3 U.S. High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.3.4 U.S. High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.4. Canada
7.4.1 Canada High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.4.2 Canada High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.4.3 Canada High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.4.4 Canada High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.5. Mexico
7.5.1 Mexico High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.5.2 Mexico High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.5.3 Mexico High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.5.4 Mexico High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.6. Europe
7.6.1 Europe High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.6.2 Europe High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.6.3 Europe High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.6.4 Europe High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.7. France
7.7.1 France High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
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7.7.2 France High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.7.3 France High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.7.4 France High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.8. U.K.
7.8.1 U.K. High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.8.2 U.K.High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.8.3 U.K. High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.8.4 U.K. High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.9. Spain
7.9.1 Spain High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.9.2 Spain High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.9.3 Spain High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.9.4 Spain High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.10. Germany
7.10.1 Germany High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.10.2 Germany High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.10.3 Germany High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.10.4 Germany High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.11. Italy
7.11.1 Italy High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
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7.11.2 Italy High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.11.3 Italy High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.11.4 Italy High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.12. Rest of Europe
7.12.1 Rest of Europe High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.12.2 Rest of Europe High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.12.3 Rest of Europe High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.12.4 Rest of Europe High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.13 Asia Pacific
7.13.1 Asia Pacific High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.13.2 Asia Pacific High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.13.3 Asia Pacific High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.13.4 Asia Pacific High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.14. China
7.14.1 China High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.14.2 China High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.14.3 ChinaHigh Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.14.4 China High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.15. India
7.15.1 India High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
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7.15.2 India High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.15.3 India High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.15.4 India High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.16. ASEAN
7.16.1 ASEAN High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.16.2 ASEAN High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.16.3 ASEAN High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.16.4 ASEAN High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.17. Rest of Asia Pacific
7.17.1 Rest of Asia Pacific High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.17.2 Rest of Asia Pacific High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.17.3 Rest of Asia Pacific High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo
Tons)
7.17.4 Rest of Asia Pacific High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.18 Latin America
7.18.1 Latin America High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.18.2 Latin America High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.18.3 Latin America High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.18.4 Latin America High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.19. Brazil
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7.19.1 Brazil High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.19.2 Brazil High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.19.3 Brazil High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.19.4 Brazil High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.20. Rest of Latin America
7.20.1 Rest of Latin America High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo
Tons)
7.20.2 Rest of Latin America High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$
Mn)
7.20.3 Rest of Latin America High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo
Tons)
7.20.4 Rest of Latin America High Density Polyethylene Market Revenue, by Application, 2014 – 2023
(US$ Mn)
7.21 Middle East & Africa
7.21.1 Middle East & Africa High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.21.2 Middle East & AfricaHigh Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.21.3 Middle East & Africa High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo
Tons)
7.21.4 Middle East & Africa High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.22. GCC
7.22.1 GCC High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
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7.22.2 GCC High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.22.3 GCC High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.22.4 GCC High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.23. South Africa
7.23.1 South Africa High Density Polyethylene Market Volume, by Product, 2014 – 2023 (Kilo Tons)
7.23.2 South Africa High Density Polyethylene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.23.3 South Africa High Density Polyethylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
7.23.4 South Africa High Density Polyethylene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.24. Rest of Middle East & Africa
7.24.1 Rest of Middle East & Africa High Density Polyethylene Market Volume, by Product, 2014 – 2023
(Kilo Tons)
7.24.2 Rest of Middle East & Africa High Density Polyethylene Market Revenue, by Product, 2014 – 2023
(US$ Mn)
7.24.3 Rest of Middle East & Africa High Density Polyethylene Market Volume, by Application, 2014 – 2023
(Kilo Tons)
7.24.4 Rest of Middle East & Africa High Density Polyethylene Market Revenue, by Application, 2014 –
2023 (US$ Mn)
Chapter 8 HDPE Market: Production Analysis, 2014, (Kilo Tons)
Chapter 9 Company Profiles
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High Density Polyethylene Market
9.1 Chevron Phillips Chemical Company
9.2 Dynalab Corp.
9.3 The Dow Chemical Company
9.4 Exxon Mobil Corporation
9.5 LyondellBasell Industries N.V.
9.6 INEOS Olefins and Polymers USA
9.7 INEOS Olefins and Polymers Europe
9.9 Saudi Basic Industries Corporation (SABIC)
9.9 SINOPEC Beijing Yanshan Company
9.10 PetroChina Company Ltd.
9.11 Braskem
9.12 Reliance Industries Ltd.
9.13 Formosa Plastics Corporation
9.14 Daelim Industrial Co. Ltd.
9.15 Prime Polymer Co. Ltd.
9.16 Mitsui Chemicals Inc.
9.17 Others
Chapter 10 Primary Research – Key Findings
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High Density Polyethylene Market
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The extremely fragmented global high density polyethylene market comprises a vast majority of regional and local producers that cater to local businesses. The three leading producers of high density polyethylene had barely taken up 16.3% of the global HDPE volume generated in 2014. These producers – Chevron Philips Chemical Company, LyondellBasell Industries, and INEOS Olefins and Polymers – currently offer large plant capacities and hold a strong distribution chain in key consumption regions.