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Global HDPE Powder Market Size, Growth, Analysis, Research: By Type: Resin Type, Elastomer Type; By Function: Additive, Resin Mixing; By Application: Wire and Cable, Automotive Hoses and Tapes, Pipes and Fittings, Others; Regional Analysis; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2023-2028
Global HDPE Powder Market Outlook
The global HDPE powder market size reached a value of USD 73.53 billion in 2021. During the forecast period of 2023 and 2028, the market is expected to grow at a CAGR of 4.0% to reach a volume of around USD 93.08 billion by 2027.
Increasing Demand from End-Use Industries, and Food-Grade Certification are Driving Market Growth
A thermoplastic polymer known as high-density polyethylene, or HDPE, is made from the monomer ethylene. High strength-to-density ratio makes HDPE a popular material. It can withstand high temperatures, is strong, fairly opaque, and has a high specific strength. It is also resistant to a variety of solvents. Due to these characteristics, HDPE resin can be used as a raw material in a variety of businesses, including those that produce plastic bottles, pipelines, ropes, disposable suits, chairs, toys, and other products.
- One of the main factors propelling the expansion of the global HDPE powder market is the ongoing trend of self-cleaning technologies across various end-use industries globally. Self-cleaning fabrics, self-cleaning paints, antimicrobial coatings, self-cleaning concrete, and polycarbonate substrates are some of the applications that are built into this product and will propel the market growth over the forecast period.
- Strict emission regulations have increased the demand for lightweight automobiles, which is primarily driving the global market. As a result, it is predicted that the market will benefit from the increased use of lightweight materials for improved safety and fuel efficiency throughout the projection period.
- The growing trend of on-the-go food consumption, the rise of online food delivery services, and HDPE's certification as a food-grade polymer have all effectively increased demand for HDPE powder in the packaging sector.
Global HDPE Powder Market Analysis
The primary types of HDPE powder are resin type and elastomer type. Based on function, the market is divided into additive and resin mixing. The major applications of the market are wire and cable, automotive hoses and tapes, and pipes and fittings, among others. The regional markets for HDPE powder can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global HDPE powder market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Weifang Yaxing Group Co., Ltd
- Sundow Polymers Co. Ltd
- Shandong Gaoxin Chemical Co. Ltd.
- LG Chem
- Ineos Olefins
- Korea Petrochemical Ind. Co. Ltd
- Showa Denko
- Shandong Xuye New Materials Co. Ltd
- Others
Pipes and Fittings Segment to Witness Significant Growth
All across the world, pipes constructed of HDPE powder are employed in the construction sector for domestic plumbing. Plastic pipes are steadily replacing pipes made of traditional materials like steel and concrete, among others, since they are easier to install, less expensive, and function better. This is anticipated to significantly help the industry's expansion.
As per the HDPE powder market research report, many different industrial sectors, including agriculture, sewage and manholes, maritime, cold-water supply, mining, and fire loops, among others, use pipes and fittings constructed from HDPE powder. These pipes possess many different qualities, including high strength, strong internal pressure to handle external loads, and resilience for withstanding surges and water hammer pressure.
Additionally, HDPE powder pipes offer improved performance in hard soils, along with low operating and maintenance costs, resilience against earthquakes and environmental stress cracking, less expensive installation, lightweight, impact resistance, and flexibility. These benefits of employing HDPE powder are promoting the growth of the HDPE powder market globally.
Asia Pacific to Drive the Market Growth for HDPE Powder
Due to the presence of various packaging industries in this region, Asia Pacific is anticipated to be a significant regional market throughout the forecast period. Rising government spending on infrastructure construction in developing nations like China and India is also anticipated to support the HDPE powder market expansion in the coming years. Additionally, the Asia Pacific region is home to a majority of the world's HDPE production facilities, which is fuelling the market's expansion.
Competitive Landscape
Weifang Yaxing Group Co., Ltd. is a Chinese corporation, primarily involved in the production, processing, and distribution of chemical ingredients and goods. Chlorinated polyethylene (CPE), hydrazine hydrate, liquefied chlorine, azodicarbonamide (ADC) foaming agent, caustic soda, and other industrial chemical products make up the majority of the company's output.
Ineos Olefins, with its headquarters in London, United Kingdom, is a leading producer of petrochemicals, speciality chemicals, and oil-related products worldwide. The company's main objectives are to convert hydrocarbon raw materials into high-density polyethylene, polypropylene, and high-quality olefins, as well as to turn high-density polyethylene resin into produced pipes.
Showa Denko, headquartered in Tokyo, Japan, combines inorganic, aluminium, and organic chemical technologies, to produce high-quality, individually tailored products, which help foster a society where prosperity and sustainability are balanced. The company was established in 1939.
Other market players include Sundow Polymers Co. Ltd, Shandong Gaoxin Chemical Co. Ltd., LG Chem, Korea Petrochemical Ind. Co. Ltd, and Shandong Xuye New Materials Co. Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Function |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global HDPE Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global HDPE Powder Historical Market (2018-2022)
8.3 Global HDPE Powder Market Forecast (2023-2028)
8.4 Global HDPE Powder Market by Type
8.4.1 Resin Type
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Elastomer Type
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global HDPE Powder Market by Function
8.5.1 Additive
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Resin Mixing
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global HDPE Powder Market by Application
8.6.1 Wire and Cable
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Automotive Hoses and Tapes
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Pipes and Fittings
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global HDPE Powder Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.1.4 Europe
9.1.5 Historical Trend (2018-2022)
9.1.6 Forecast Trend (2023-2028)
9.1.7 Breakup by Country
9.1.7.1 United Kingdom
9.1.7.2 Germany
9.1.7.3 France
9.1.7.4 Italy
9.1.7.5 Others
9.2 Asia Pacific
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 China
9.2.3.2 Japan
9.2.3.3 India
9.2.3.4 South Korea
9.2.3.5 Australia
9.2.3.6 Others
9.3 Latin America
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 Brazil
9.3.3.2 Argentina
9.3.3.3 Mexico
9.3.3.4 Others
9.4 Middle East and Africa
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Saudi Arabia
9.4.3.2 United Arab Emirates
9.4.3.3 Egypt
9.4.3.4 South Africa
9.4.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Weifang Yaxing Group Co., Ltd
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Sundow Polymers Co. Ltd
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Shandong Gaoxin Chemical Co. Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 LG Chem
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Ineos Olefins
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Korea Petrochemical Ind. Co. Ltd
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Showa Denko
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Shandong Xuye New Materials Co. Ltd
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
14 Industry Events and Developments
List of Figures and Tables
1. Global HDPE Powder Market: Key Industry Highlights, 2018 and 2028
2. Global HDPE Powder Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global HDPE Powder Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global HDPE Powder Historical Market: Breakup by Function (USD Billion), 2018-2022
5. Global HDPE Powder Market Forecast: Breakup by Function (USD Billion), 2023-2028
6. Global HDPE Powder Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global HDPE Powder Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global HDPE Powder Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global HDPE Powder Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America HDPE Powder Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America HDPE Powder Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe HDPE Powder Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe HDPE Powder Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific HDPE Powder Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific HDPE Powder Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America HDPE Powder Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America HDPE Powder Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa HDPE Powder Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa HDPE Powder Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global HDPE Powder Market Structure
Key Questions Answered in the Report
In 2021, the market for HDPE powder attained a value of nearly USD 73.53 billion.
The market is projected to grow at a CAGR of 4.0% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of approximately USD 93.08 billion by 2027.
The major drivers of the market include the rising on-the-go food consumption culture, certification of HDPE as a food-grade polymer, increasing demand from the construction industry, and growing packaging sector.
Increasing demand from end-user industries and rising demand for lightweight vehicles are the key industry trends propelling the growth of the market.
The major players in the industry are Weifang Yaxing Group Co., Ltd, Sundow Polymers Co. Ltd, Shandong Gaoxin Chemical Co. Ltd., LG Chem, Ineos Olefins, Korea Petrochemical Ind. Co. Ltd, Showa Denko, and Shandong Xuye New Materials Co. Ltd, among others.
Due to its chemical resistance, HDPE is excellent for use in recycling bins, conditioners, shampoos, laundry detergents, and household cleaning products.
One of the ‘good’ plastics that can be used safely for the packaging of food and water is high density polyethylene (HDPE).
HDPE products are a low-risk type of plastic since they are secure and are not known to leach chemicals into food or beverages. Objects created of this plastic typically include milk or water jugs, shampoo bottles, and soap bottles.
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