DUBLIN--(BUSINESS WIRE)--The "Global High-Density Polyethylene Market (HDPE) - Segmentation by Type, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The high-density polyethylene (HDPE) market is expected to grow at a significant rate during the forecast period, 2018-2023.
HDPE accounts for the second-largest share of the plastic pipe demand and is expected to witness the strongest gains in demand during the forecast period. HDPE pipes are expected to register an increase in the use in sewer & drainage, potable water, and natural gas distribution applications, and they are expected to occupy the current market share of other materials, such as steel and concrete. HDPE pipes are highly preferred for water distribution due to their welding joints.
HDPE films are by far the fastest growing HDPE product type, owing to the rapidly increasing demand from various end-user industries, majorly from the packaging industries. HDPE films find a majority of their application in food and non-food packaging. Low odor and excellent chemical resistance make HDPE films ideal for usage in food packaging. In addition, regulatory bodies, such as Food and Drug Administration (FDA), have deemed use of HDPE films ideal for food contact applications.
The Middle-East region is expected to witness a substantial increase in the demand for HDPE owing to expanding construction, healthcare, and other manufacturing industries in the coming years. The Saudi Arabian government has initiated an industrial clustering program to focus investments and growth in minerals & metals, automotive, plastics & packaging, home appliances, and solar energy.
- Chevron Phillips
- Exxon Mobil Chemical
- Formosa Plastics
- PGPIC Persian Gulf Petrochemical
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Competitive Landscape
7. Company Profiles
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