The global HDPE powder market size reached a value of USD 79.53 billion in 2023. During the forecast period of 2024 and 2032, the market is expected to grow at a CAGR of 4% to reach a volume of around USD 113.25 billion by 2032.
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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.
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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.
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.
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.
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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.
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type||
|Breakup by Function||
|Breakup by Application||
|Breakup by Region||
*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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global HDPE Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global HDPE Powder Historical Market (2018-2023)
8.3 Global HDPE Powder Market Forecast (2024-2032)
8.4 Global HDPE Powder Market by Type
8.4.1 Resin Type
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2024-2032)
8.4.2 Elastomer Type
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2023)
22.214.171.124 Forecast Trend (2024-2032)
8.5 Global HDPE Powder Market by Function
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2024-2032)
8.5.2 Resin Mixing
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2023)
22.214.171.124 Forecast Trend (2024-2032)
8.6 Global HDPE Powder Market by Application
8.6.1 Wire and Cable
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2024-2032)
8.6.2 Automotive Hoses and Tapes
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2023)
22.214.171.124 Forecast Trend (2024-2032)
8.6.3 Pipes and Fittings
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2023)
184.108.40.206 Forecast Trend (2024-2032)
8.7 Global HDPE Powder Market by Region
8.7.1 Market Share
220.127.116.11 North America
18.104.22.168 Asia Pacific
22.214.171.124 Latin America
126.96.36.199 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
188.8.131.52 United States of America
9.1.5 Historical Trend (2018-2023)
9.1.6 Forecast Trend (2024-2032)
9.1.7 Breakup by Country
184.108.40.206 United Kingdom
9.2 Asia Pacific
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
220.127.116.11 South Korea
9.3 Latin America
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.4 Middle East and Africa
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
10 Market Dynamics
10.1 SWOT Analysis
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
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.2 Sundow Polymers Co. Ltd
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.3 Shandong Gaoxin Chemical Co. Ltd.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.4 LG Chem
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.5 Ineos Olefins
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.6 Korea Petrochemical Ind. Co. Ltd
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.7 Showa Denko
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.8 Shandong Xuye New Materials Co. Ltd
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14 Industry Events and Developments
List of Figures and Tables
1. Global HDPE Powder Market: Key Industry Highlights, 2018 and 2032
2. Global HDPE Powder Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global HDPE Powder Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global HDPE Powder Historical Market: Breakup by Function (USD Billion), 2018-2023
5. Global HDPE Powder Market Forecast: Breakup by Function (USD Billion), 2024-2032
6. Global HDPE Powder Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global HDPE Powder Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global HDPE Powder Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global HDPE Powder Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America HDPE Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America HDPE Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe HDPE Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe HDPE Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific HDPE Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific HDPE Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America HDPE Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America HDPE Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa HDPE Powder Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa HDPE Powder Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global HDPE Powder Market Structure
In 2023, the market for HDPE powder attained a value of nearly USD 79.53 billion.
The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of approximately USD 113.25 billion by 2032.
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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