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High Density Polyethylene market trends research and projections for 2017-2024

May 19, 2017

The High Density Polyethylene market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for XYZ industry targeted at helping in business decisions.

High Density Polyethylene market growth drivers are increased adoption of packaged food, Growing construction sector, Flourishing automobile industry.

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As per the report, “High density polyethylene market is projected to surpass a revenue of USD 88 billion by 2024”.

Changing lifestyle choices coupled with shifting consumer preferences toward packaged foods will propel high density polyethylene market over the coming seven years. Rapid urbanization and ever-growing infrastructural developments across the emerging economies such as India and China will also influence the industry size noticeably.

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Reasons to Buy HDPE Market PDF Report
1.High Density Polyethylene market size & forecast by product & application
2.Growth drivers, pitfalls & industry challenges
3.Key High Density Polyethylene market growth opportunities & emerging business models
4.Competitive benchmarking with market share analysis and company profiles

The prominent end-users of HDPE industry include the packaging, automotive, agriculture, and building & construction sectors. Driven by excellent features of HDPE pipes such as affordable installation, low material cost, and enhanced performance, high density polyethylene market in the agriculture sector will generate considerable revenue over the coming years. These pipes are mainly used for drainage, irrigation, and water supply for the farm. The rise in the construction expenditure across the globe and the increasing usage of HDPE based products such as pipes, electrical boxes, plumbing, and telephone ducts in construction activities will boost the industry share noticeably.

Based on the form of molding, high density polyethylene market is mainly divided into injection molded, blow molded, film & sheet, and pipe & extruded. Film & sheet market will exhibit an annual growth rate of 4.5% over the coming years of 2016 to 2024, owing to product advantages such as affordability and chemical inertness.

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Blow molded HDPE Market price accounted for 25% of the overall revenue share in 2015 and will generate considerable demand over the coming timeframe. The attributing factor towards the market growth is its resistive nature towards the cracking and stiffness along with its ability to sustain high temperatures.

Geographically, the highlights of HDPE Market are mentioned below
• Europe HDPE industry covered over 20% of the regional revenue in 2015, and is predicted to register an annual growth rate of around 3% over the period of 2016 to 2024, owing to the growing adoption of blow molding technology across the region.

• Asia Pacific high density polyethylene market accounted for more than 40% of the global industry share in 2015. Economically emerging countries across the APAC such as China and India will generate significant revenue over the coming seven years, due to increasing expenditure on infrastructure development programs.

Browse High Density Polyethylene Market Report Summary:

The noteworthy players in hdpe market are Honam Petrochemical Corporation, The Dow Chemical Company, Abu Dhabi Polymers Company Ltd, Borealis AG, PetroChina Company Limited, Braskem S.A., LyondellBasell industries NV, Chevron Phillips Chemical Co., Exxon Mobil Corp., and Formosa Plastics Corp.

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