US HDPE Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMMA172 | Last Updated On: Jun 06 2022 | Available Formats

> US HDPE Market Expected to reach a high CAGR of 5.0% during the forecast period 2022-2029: DataM Intelligence

US HDPE (High-Density Polyethylene) Market is segmented By Consumer (Agriculture, Automotive, Construction, Packaging, Pipes and Tubes, Others), By Product (Blow Molding, Injection Molding, Sheet, Films, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The US HDPE (High-Density Polyethylene) Market is expected to grow at a CAGR of 5.0% during the forecasting period (2022-2029).

What is High-Density Polyethylene?

  • Polyethylene, often called polythene, is probably the most well-known plastic to the consumer and is used in higher volumes worldwide than any other plastic.
  • HDPE plastic is cost-efficient, secure processing with high density and the ability to produce opaque packaging products and pipes. Because of its low volume cost, better stiffness, and hot water resistance, there was a whole scale shift by bucket manufacturers to HDPE.

Growing Demand for Plastic Pipes 

  • With the global increase in construction applications, demand for Plastic pipes is growing which leads to growth in the HDPE market. Increasing demand for pipelines and films in the agriculture industry where HDPE is used in high quantity is another factor in the growth of this market.
  • Global demand for plastic pipe is projected to rise to 11.2 billion meters with a CAGR of 8.5% through 2017, improving significantly from growth posted between 2007, 2012, and 2017.
  • Asia- Pacific region has seen continuous growth in demand for plastic pipes due to the increasing use of tubes in the construction and agriculture industries. So, the rising demand for plastic pipes is one of the major driving factors in the growth of the HDPE market.

What is the scope of the High-Density Polyethylene Market Report?

  • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. HDPE Market is segmented based on the end-use industries such as Agriculture, Automotive, Construction, Packaging, Pipes and Tubes, and Others.
  • Further, the market is segmented by products such as Blow Molding, Injection Molding, Sheet, Films, and Others. The report segments the geographies by regions, which include North America, South America, Europe, Asia Pacific, and RoW.
  • The report profiles the following companies, which include Sinopec Corporation, Braskem SA, Cummins Inc., BASF, DuPont, Lone Star Chemical, Dow Chemical, Sabic, Exxon Mobil Corporation, LyondellBasell, Evonik Industries, and Afton Chemical Corporation.

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