High Density Polyethylene (HDPE) Resins Market: Current Analysis and Forecast (2022-2028)

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Emphasis on Type (Adhesive Type HDPE Resin, Coating Type HDPE Resin); Drive Application (Films & Sheets, Injection Coatings, Blow Molding, Others); End User (Packaging, Agriculture, Building & Construction, Automotive, Others); and Region/Country

Pages:

143

Table:

45

Figure:

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Report ID:

UMCH211394

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Report Description
Table of content
Research Methodology

Report Description

Global High Density Polyethylene (HDPE) Resins Market is expected to grow at a significant rate of around 5% during the forecast period. HDPE resins are high-density polyethylene plastics that are used to make products such as milk jugs, detergent bottles, and garbage bags. HDPE is strong and tough, making it an ideal material for products that need to be durable. The market for high density polyethylene (HDPE) resins is anticipated to increase as a result of the strong demand from the food and beverage industry. In keeping with this, it is anticipated that the easy accessibility of inexpensive raw materials and the high demand for multiple-use plastics worldwide because of strengthening regulations on single-use plastic will also play a significant role in promoting the growth of the high density polyethylene (HDPE) resins market. For instance, in November 2020, INEOS Olefins and Polymers USA announced it had agreed on principle terms to acquire Sasol’s 50% membership interest in Gemini HDPE LLC and, thereby, become the 100% owner of the asset. Gemini is a toll manufacturer of bimodal high-density polyethylene products. The market for high-density polyethylene (HDPE) resins is predicted to increase favorably as a result of the rising use in the manufacture of films and the growing emphasis on extending the shelf life of edible goods.

Dow, LG Chem, LyondellBasell Industries Holdings B.V., SABIC, Exxon Mobil Corporation, BASF SE, Chevron Phillips Chemical Company LLC, Braskem, Formosa Plastics Corporation, Qatar Petrochemical Company (QAPCO) Q.P.J.S.C. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, coating type HDPE resin grow a significant CAGR during the forecast period”

Based on type, the market is segmented into adhesive type HDPE resin, and coating type HDPE resin. The coating type HDPE resin grow a significant CAGR during the forecast period. High-density polyethylene resin of the coating type is used as a coating material. It offers strong impact resistance and good moisture barrier qualities. Due to its exceptional qualities, coating-type HDPE resin is frequently utilized in the food packaging business.

“Amongst application, the films & sheets grow a significant CAGR during the forecast period”

Based on application, the market is segmented into films & sheets, injection coatings, blow molding, and others. Films & sheets grow a significant CAGR during the forecast period. This is mainly due to the increasing use of films & sheets in the packaging industry. Films & sheets have low toughness, stiffness, and strength, and high ductility. This plastic has a high density, sturdy construction, and long life. Hence, they are also used in the manufacturing of tubes, vessels, bubblers, dosing bottles, and molded laboratory equipment due to their property of being opaque. Hence, all these factors are contributing to the growth of the market.

“North America held a significant share in the market”

In 2020, North America held a significant share of the global high density polyethylene (HDPE) resins market. High-density polyethylene resin sales and supply are influenced by the major consumer industries present in the region as well as those found globally. Furthermore, due to rising demand from industries including healthcare, food and beverage, and chemicals, the packaging is the region’s largest market. According to the NIST, in 2021, manufacturing contributed $2.3 trillion to U.S. GDP amounting to 12.0 % of total U.S. GDP.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

 

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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation

 

2.1.Research Process of the High Density Polyethylene (HDPE) Resins Market
2.2.Research Methodology of the High Density Polyethylene (HDPE) Resins Market
2.3.Respondent Profile     

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5IMPACT OF COVID-19 ON THE HIGH DENSITY POLYETHYLENE (HDPE) RESINS MARKET

 

6HIGH DENSITY POLYETHYLENE (HDPE) RESINS MARKET REVENUE (USD BN), 2020-2028F

 

7.1.Adhesive Type HDPE Resin
7.2.Coating Type HDPE Resin

 

8.1.Films & Sheets
8.2.Injection Coatings
8.3.Blow Molding
8.4.Others 

 

9.1.Packaging 
9.2.Agriculture
9.3.Building & Construction
9.4.Automotive
9.5.Others 

 

10.1.North America    
 10.1.1.The U.S.  
 10.1.2.Canada  
 10.1.3.Rest of North America
10.2.Europe    
 10.2.1.Germany  
 10.2.2.The U.K.  
 10.2.3.France  
 10.2.4.Italy  
 10.2.5.Spain  
 10.2.6.Rest of Europe 
10.3.Asia-Pacific   
 10.3.1.China  
 10.3.2.Japan  
 10.3.3.India  
 10.3.4.Rest of Asia-Pacific 
10.4.Rest of World   

 

11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis

 

12HIGH DENSITY POLYETHYLENE (HDPE) RESINS MARKET OPPORTUNITIES
13HIGH DENSITY POLYETHYLENE (HDPE) RESINS MARKET TRENDS

 

14.1.Demand Side Analysis
14.2.Supply Side Analysis
15VALUE CHAIN ANALYSIS

 

16PRICING ANALYSIS 

 

17STRATEGIC INSIGHTS 
18.1.Competitive Landscape
 18.1.1.Porters Fiver Forces Analysis
19.1.Dow    
19.2.LG Chem    
19.3.LyondellBasell Industries Holdings B.V. 
19.4.SABIC    
19.5.Exxon Mobil Corporation  
19.6.BASF SE    
19.7.Chevron Phillips Chemical Company LLC 
19.8.Braskem    
19.9.Formosa Plastics Corporation  
19.10.Qatar Petrochemical Company (QAPCO) Q.P.J.S.C.
20DISCLAIMER

Research Methodology

Research Methodology for the High density polyethylene (HDPE) resins Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global high density polyethylene (HDPE) resins market were the three major steps undertaken to create and analyze the adoption of high density polyethylene (HDPE) resins in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global high density polyethylene (HDPE) resins market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the high density polyethylene (HDPE) resins market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the high density polyethylene (HDPE) resins market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, application, and end user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the high density polyethylene (HDPE) resins market. Further, we conducted factor analysis using dependent and independent variables such as various type, application, and end user of high density polyethylene (HDPE) resins. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the high density polyethylene (HDPE) resins market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global high density polyethylene (HDPE) resins market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the high density polyethylene (HDPE) resins market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global high density polyethylene (HDPE) resins market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

 

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

High density polyethylene (HDPE) resins Market
High density polyethylene (HDPE) resins Market

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global high density polyethylene (HDPE) resins market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, application, and end user in the global high density polyethylene (HDPE) resins market.

The main objective of the Global High Density Polyethylene (HDPE) Resins Market Study

The current & future market trends of the global high density polyethylene (HDPE) resins market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the high density polyethylene (HDPE) resins market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type, application, and end user.
  • Define and analysis of the regulatory framework for the high density polyethylene (HDPE) resins
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the high density polyethylene (HDPE) resins market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the high density polyethylene (HDPE) resins market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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