HIGH DENSITY POLYETHYLENE (HDPE) MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

High Density Polyethylene (HDPE) Market, By Technology (Profile Extrusion, Injection Molding, Film and Sheet Extrusion, Blow Molding, and Others), By Application (Caps & Closures, Geomembranes, Tapes, Cross-Linked Polyethylene, Sheet and films, Pipes & Tubes, Packaging, and Others), By End User (Agriculture, Building and Construction, Automotive, Food & Beverages, Industrial Process, Transportation, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024
Code : CMI6840
Pages :132
Formats :
Excel and PDF
Industry : Polymers and Resins

Market Concentration and Competitive Landscape

High Density Polyethylene (HDPE) Market Concentration By Players

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Rising Consumption in Construction Applications

HDPE has emerged as a preferred construction material owing to its light weight, durability, and cost effectiveness. It is extensively used in the production of pipes for transportation of water, sewage and slurries in residential, commercial and infrastructural projects. HDPE pipes have completely replaced traditional materials like iron, steel and asbestos cement in plumbing systems due to the former's corrosion resistance and operational efficiency even under extreme temperatures and pressures. Additionally, HDPE sheets have gained popularity as building cladding, roofing sheets and insulated wall panels as they offer excellent resistance to stresses caused by sun, wind and rain. The global construction industry has picked up pace in recent times with rapid urbanization and increased investments in infrastructure development across both developed and emerging economies. Mega construction projects related to roads, railways, energy pipelines, building construction, etc. generate massive demand for piping, roofing, and insulation materials. HDPE competes strongly against its substitutes like polyvinyl chloride (PVC) and concrete in construction applications owing to the cost advantages over the former and formability and corrosion resistance over the latter, therefore the growing construction industry is expected to drive the market growth. For instance, according to data by Invest India in 2022, the Indian construction market is expected to grow at an annual compound annual growth rate (AAGR) of more than 5% from 2024 to 2027, reaching US$ 1.4 trillion by 2025.

Key Players Insights