DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global High Density Polyethylene (HDPE) Market - By End-Use Industries, Products, and Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report to their offering.
The global production of HDPE resin was 51.33 MMT in 2016 and is estimated to reach 66.96 MMT by 2022, at a CAGR of 4.53% for the forecasted period. While, on the other hand, in terms of demand the market was USD 63.54 billion in 2016 and would reach USD 88.26 billion by 2022 growing at a rate of 5.63% compounded annually.
APAC leads the HDPE market with a share of more than 40% in 2016 followed by Europe and North America. Moreover, APAC is expected to be the fastest growing region both in terms of production and consumption of the resin products due to increase in industrial and agricultural activities in the region. MEA had high demand for HDPE products.
However, the growth rate of HDPE in Europe is expected to decline as a result of closure of manufacturing sites and no capacity increases in the region.
The demand for HDPE is mainly driven by growth in plastic packaging, and agriculture films & pipes industries, growth in construction activities. Artificial knee caps as substitute to ultra -high molecular weight high density polyethylene (UHMWHDPE) would be the future trend for HDPE market.
On the other hand, limitations related to supply of HDPE and fluctuations in prices of raw materials pose a challenge to the players in the market.
- Afton Chemical Corporation
- Braskem SA
- Cummins Inc.
- Dow Chemical
- Evonik Industries
- Exxon Mobil Corporation
- Lone Star Chemical
- Sinopec Corporation
Key Topics Covered:
1. Our Research Methodology
2. Market Overview
3. Market Dynamics
4. High Density Polyethylene (HDPE) Market Segmentation, Forecasts and Trends - by Revenue, Volume
5. By End-Use Industries
6. By Products
7. By Region
8. Competitive Landscape Analysis
9. Company Profiles
10. Industry Structure
For more information about this report visit http://www.researchandmarkets.com/research/43fcqf/global_high