As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global high-density polyethylene (HDPE) industry is being driven by the rising demand for high-performance polymers in several industry verticals. The chemical and physical properties of HDPE make it suitable to be used in various industries such as packaging, automotive, construction, agriculture, and others. The booming construction industry is expected to drive the global market owing to HDPE’s extensive use in pipes, boxes, and telephone ducts. Moreover, the rising demand for HDPE in packing industry is also expected to propel the overall market. Furthermore, the rising awareness regarding the use of recyclable materials is expected to cause a surge in the demand for HDPE owing to its ease of recycling.
The growing focus of the leading players on research and development activities and increasing their output capacities is expected to aid the industry globally. For instance, in July 2019, Reliance Industries Limited successfully achieved design capacity in its new polyethylene plant by putting to use the UNIPOL PE Process from Univation Technologies, a global leader in licensed polyethylene technology. This plant can produce several different polyethylene items, including HDPE. This move will allow RIL to exponentially increase its HDPE output capacity and enhance its global footprint. Further, in May 2020, LyondellBasell Industries N.V. (NYSE: LYB) announced to grant Hostalen ‘Advanced Cascade Process’ (Hostalen ACP) licenses to Sinopec Hainan Refining & Chemical Co., Ltd. for its new HDPE facility in China, which is expected to have a production capacity of 300,000 metric tons per year. Such developments are expected to have a positive influence on the market growth over the forecast period.
Market Analysis by Application, Feedstock, Manufacturing Process, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global high-density polyethylene (HDPE) market are INEOS Group, LyondellBasell Industries NV, Exxon Mobil Corporation, The Dow Chemical Company, Braskem SA, Formosa Plastics Corporation, and Reliance Industries Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.