Selbyville, Delaware, Aug. 23, 2019 (GLOBE NEWSWIRE) --
The high-density polyethylene (HDPE) market has been experiencing an exponential growth over the last couple of decades, owing to the rise in disposable income thereby driving demand for cosmetics, pharmaceuticals and packaged food products. HDPE’s robust mechanical properties coupled with high strength to density ratio makes it an effective packaging material in the food and beverage industry.
Ever expanding food and beverage and consumer goods sectors worldwide, have been significantly boosting high-density polyethylene market share. Additionally, accelerating transformation in the consumer good industry has propelled the demand for HDPE films and sheets in the market.
Rising disposable incomes especially in emerging regions like Asia Pacific are driving innovations in the existing industrial sectors. For instance, owing to the increasing FDIs in India, there has been a significant rise in the rate of employment in the country thereby raising the consumer affordability capacity. Furthermore, by 2023, the per capita GDP of India is slated to amass USD 3273.85.
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The rising employment in the country has led to a boom in on-the- go food products thereby requiring a strong packaging base to facilitate the growing demand. Evidently, rising innovations in F&B industry worldwide will amplify HDPE market outlook over the forecast duration.
In terms of application spectrum, high-density polyethylene market is segmented into packaging, agriculture, automotive, building and construction. Automotive is one of the lucrative application segments of HDPE industry. Pertaining to rise in technological advancements in the automobile sector and urbanization, demand for innovations in vehicles has increased.
According to European Automobile Manufacturers Association, in the year 2018, over 19.2 million vehicles were manufactured in European Union. The establishment of European Green Vehicle Initiative that focuses on improving the energy efficiency in vehicles by 50% from 2010 to 2030. Additionally, the platform further aims at deployment of over 5 million hybrid and electric vehicles in the European Union by 2020. The burgeoning vehicle industry in Europe has led to increased high-density polyethylene market share.
The packaging sector is also one of the vital end-users of HDPE market. As per estimates, packaging was a dominant end-use segment in 2015 with a valuation of USD 16 billion.
HDPE has low density, high impact resistant and exhibit good toughness making them extremely useful in thermoplastic processing. The polymer is particularly helpful where low cost and moisture resistance is required. The wide use of HDPE in vehicle bodies and their electrical insulation is offering profitable growth opportunities to high-density polyethylene industry players.
The deep-rooted construction, automotive, communications, food and beverage and other crucial industries is a vital contributor to the global high-density polyethylene market share.
Browse key industry insights spread across 161 pages with 152 market data tables & 22 figures & charts from the report, “High Density Polyethylene (HDPE) Market Size By Form (Blow Molded, Pipe & Extruded, Film & Sheet, Injection Molded), By End-user (Agriculture, Building & Construction, Automotive, Packaging), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Europe is expected to evolve as a highly significant regional ground for high-density polyethylene market. The European Commission states that over 9% of the European Union’s GDP is contributed by its construction industry. Additionally, growing realization of green buildings in the region, HDPE are increasingly being used in water and wastewater mechanisms that install buried pipelines with large diameters.
Moreover, high density polyethylene pipes are also used in cold water delivery systems that contain smaller diameters. The installation of HDPE pipes is considered to be a relatively easier process than the traditional pipelines making them an integral part of construction industry.
Europe’s stringent yet strong packaging industry is further magnifying high-density polyethylene industry size. The European packaging and packaging waste directive focuses on enhancing environmental performance of packaging along with facilitating of the internal market of EU. Packaging techniques especially in the food and beverage industry have to be carried out under strict guidelines set by the respective authorities. The authorities lay emphasis on the use of HDPE as a packaging material owing to its characteristics of being recycled.
High-density polyethylene market share is depicting immense traction in Europe majorly due to its environmental benefits along with being a highly economical material.
What does this report offer?
High-density polyethylene market report covers an in-depth analysis of each segment comprising form, end-user industry and regional outlook. The research study elaborates insights on this industry in terms of various parameters, such as growth drivers spurring commercialization graph of business trends, market segmentation, industry outlook, and global drifts characterizing the industry.
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The document further claims that the different forms of high-density polyethylene are subdivided into blow molded, pipe and extruded, films and sheets and injection molded. The key drivers pertaining to the form of HDPE are proliferating trends and remunerative forecast over the subjected period.
In terms of geographical analysis, the high-density polyethylene market report is classified based on leading regions. Prominent regional revenue pockets comprise U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Indonesia, Malaysia, Australia, Brazil, Mexico, South Africa and GCC.
The study projects that HDPE industry is likely to observe substantial growth across Europe. The Europe HDPE market is slated to support remarkable growth, primarily due to the robust automobile and other crucial industrial sectors.
An in-depth analysis of the application segment of high-density polyethylene is entailed in the research report as well. The application segment is divided into agricultural, automotive, packaging and building and construction. The industry has witnessed commendable growth from the automotive sector on account of rising technical innovations and advancements in the sector along with certain sustainable methods introduced by the segment.
The research study on HDPE market further provides a detailed industry analysis, pitfalls, key industry insights on market segmentation, challenges and overview of overall global trends. Moreover, deliverables with regard to the regulatory framework has also been mentioned within the report coupled with business strategies that are being deployed by leading authorities throughout the market landscape.
Browse Complete Table of Contents of the Report @ https://www.gminsights.com/toc/detail/high-density-polyethylene-HDPE-market
Partial Chapters from Table of Contents of the Report:
Chapter 3. High Density Polyethylene (HDPE) Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor matrix
3.4. Industry impact forces
3.4.1. Growth drivers
184.108.40.206. Increased adoption of packaged food
220.127.116.11. Growing construction sector
18.104.22.168. Flourishing automobile industry
3.4.2. Industry pitfalls & challenges
22.214.171.124. Oscillating crude oil prices
3.5. Growth potential analysis
3.6. Regulatory trends
3.7. Porter’s analysis
3.8. Company market share analysis, 2015
3.8.1. Strategic landscape
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
Chapter 4. High Density Polyethylene (HDPE) Market, By Form
4.1. High density polyethylene market share by form, 2015 & 2024
4.2. Blow molding
4.2.1. Market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Pipe and extrusion
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Film & sheet
4.4.1. Market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
4.5. Injection molding
4.5.1. Market estimates and forecasts, 2013 – 2024
4.5.2. Market estimates and forecasts by region, 2013 – 2024
4.6.1. Market estimates and forecasts, 2013 – 2024
4.6.2. Market estimates and forecasts by region, 2013 – 2024
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