High-Density Polyethylene Global Market Report 2020
February 2020
200
About the Report
About the Report
The high-density polyethylene market consists of the sales of high-density polyethylene and its related services used in pipes systems, toys, plastic containers. High-density polyethylene is a plastic polymer with flexible properties. PE-HD has high density, and is resistant to impact and chemicals, hence it is widely used in healthcare and laboratory environments. PE-HD is also used in heave-duty damp proof membranes, flexible bags, and films.
The global high-density polyethylene market was worth USD 106.29 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 8% and reach USD 148.53 billion by 2023.
The high-density polyethylene market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. The Asia-Pacific high-density polyethylene market was the largest in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 3.6%.
The high-density polyethylene market covered in this report is segmented by type into PE 63, PE 80, PE 100. It is also segmented by application into oil & gas pipe, agricultural irrigation pipe, water supply pipe, sewage system pipe, others. It is also segmented By End Use Industry into packaging, building and construction, agriculture, automotive, others
The unique set of properties of PE-HD (high-density polyethylene) such as lightweight, impact resistance, flexibility, and ability to resist low temperatures serves as the most important drivers for the market. These properties have increased demand for PE-HD in end-user industries such as manufacturing, energy, geothermal, marine, mining, landfill, HVAC, gas, oil, mining and agricultural industry. HDPE pipe is environmentally sustainable because it is non-toxic, corrosion and chemical resistant, has a long lifespan. According to Pipeline & Gas Journal in 2016, large number of oil and gas companies are exploring plastic pipe as an alternative for pipeline transportation to reduce operative expenses as they are corrosion-resistant, flexible, and lightweight.
The use of competitive materials such as polypropylene (PP) is threatening the growth of HDPE market. HDPE is opaque and translucent in nature whereas PP being amorphous or crystalline in nature is preferred in cases where transparent packaging is required. Polypropylene is unusually resistant to many chemical solvents, bases and acids. It is much less brittle than HDPE.PP is also microwavable safe and dishwasher safe. Owing to its lighter nature, PP is now used in a wide variety of applications, including food packaging, textiles, laboratory equipment, automotive components, over HDPE.Thus, the market for HDPE is negatively impacted by this inter-polymer competition between PP and HDPE. For instance, in 2017, according to 'AZO Materials', the demand for thermoplastic materials has increased globally with more than 100 million tons of thermoplastic materials being used in various applications. The rising demand for thermoplastic materials increased the demand for polypropylene market thereby driving the market.
Companies involved in high-density polyethylene (PE-HD) market are investing heavily to increase sustainability of PE-HD. Companies are putting efforts to use raw materials that are environmentally safe, and simultaneously maintain the quality and safety standards of their products. Following the trend, in 2017, SCG Chemicals proposed the use of lightweight EL-LeneTM HDPE H568JA for carbonated soft drink bottle caps. EL-LeneTM HDPE H568JA is an insoluble, recyclable high-density polyethylene (PE-HD) grade that consumes low raw material and energy for production. The product has been certified by European Union (EU) Food Contact Commission and US Food and Drug Administration (USFDA) as well.
In 2020, CPChem Co. LP (CPChem), a joint venture of Chevron Corp. and Phillips offered to buy Nova Chemicals for USD 15 billion. The deal would enable CPChem Co. LP group to increase its ethylene reach making it third largest polyethylene producer in North America and expand its market reach. Nova Chemicals, headquartered in Canada, is a plastics and chemical company.
Major players in the market are Asahi Kasei Corp., Braskem S.A., Chevron Phillips Chemical Co., Dow Chemical Co., Exxon Mobil Corp., Formosa Plastics Corp., LyondellBasell industries NV , Borealis AG, PetroChina Company Limited, Abu Dhabi Polymers Company Ltd.
Products
Products
1) By Product Type: PE 63; PE 80; PE 100; 2) By Application: Oil & Gas Pipe; Agricultural Irrigation Pipe; Water Supply Pipe; Sewage System Pipe; Others; 3) By End Use Industry: Packaging; Building And Construction; Agriculture; Automotive; Others
Companies
Asahi Kasei Corp.
Braskem S.A.
Chevron Phillips Chemical Co.
Dow Chemical Co.
Exxon Mobil Corp.
Formosa Plastics Corp.
LyondellBasell industries NV
Borealis AG
PetroChina Company Limited
Abu Dhabi Polymers Company Ltd.
Table of Contents
Table of Contents
1. Executive Summary
2. High-Density Polyethylene Market Characteristics
3. High-Density Polyethylene Market Size And Growth
3.1. Global High-Density Polyethylene Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global High-Density Polyethylene Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. High-Density Polyethylene Market Segmentation
4.1. Global High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
PE 63
PE 80
PE 100
4.2. Global High-Density Polyethylene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Oil & Gas Pipe
Agricultural Irrigation Pipe
Water Supply Pipe
Sewage System Pipe
Others
4.3. Global High-Density Polyethylene Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Packaging
Building And Construction
Agriculture
Automotive
Others
5. High-Density Polyethylene Market Regional And Country Analysis
5.1. Global High-Density Polyethylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global High-Density Polyethylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific High-Density Polyethylene Market
6.1. Asia-Pacific High-Density Polyethylene Market Overview
6.2. Asia-Pacific High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China High-Density Polyethylene Market
7.1. China High-Density Polyethylene Market Overview
7.2. China High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India High-Density Polyethylene Market
8.1. India High-Density Polyethylene Market Overview
8.2. India High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan High-Density Polyethylene Market
9.1. Japan High-Density Polyethylene Market Overview
9.2. Japan High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia High-Density Polyethylene Market
10.1. Australia High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia High-Density Polyethylene Market
11.1. Indonesia High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea High-Density Polyethylene Market
12.1. South Korea High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe High-Density Polyethylene Market
13.1. Western Europe High-Density Polyethylene Market Overview
13.2. Western Europe High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK High-Density Polyethylene Market
14.1. UK High-Density Polyethylene Market Overview
14.2. UK High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany High-Density Polyethylene Market
15.1. Germany High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France High-Density Polyethylene Market
16.3. France High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe High-Density Polyethylene Market
17.1. Eastern Europe High-Density Polyethylene Market Overview
17.2. Eastern Europe High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia High-Density Polyethylene Market
18.1. Russia High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America High-Density Polyethylene Market
19.1. North America High-Density Polyethylene Market Overview
19.2. North America High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA High-Density Polyethylene Market
20.1. USA High-Density Polyethylene Market Overview
20.2. USA High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America High-Density Polyethylene Market
21.1. South America High-Density Polyethylene Market Overview
21.2. South America High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil High-Density Polyethylene Market
22.1. Brazil High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East High-Density Polyethylene Market
23.1. Middle East High-Density Polyethylene Market Overview
23.2. Middle East High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa High-Density Polyethylene Market
24.1. Africa High-Density Polyethylene Market Overview
24.2. Africa High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. High-Density Polyethylene Market Competitive Landscape And Company Profiles
25.1. High-Density Polyethylene Market Competitive Landscape
25.2. High-Density Polyethylene Market Company Profiles
25.2.1. Asahi Kasei Corp.
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Braskem S.A.
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Chevron Phillips Chemical Co.
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Dow Chemical Co.
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. Exxon Mobil Corp.
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The High-Density Polyethylene Market
27. High-Density Polyethylene Market Trends And Strategies
28. High-Density Polyethylene Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global High-Density Polyethylene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global High-Density Polyethylene Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Global High-Density Polyethylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: Global High-Density Polyethylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: Asia-Pacific, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: China, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: India, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Japan, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: Australia, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: Indonesia, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: South Korea, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: Western Europe, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: UK, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: Germany, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: France, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: Eastern Europe, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: Russia, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: North America, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: USA, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: South America, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Brazil, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: Middle East, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 26: Africa, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 27: Asahi Kasei Corp. Financial Performance
Figure 28: Braskem S.A. Financial Performance
Figure 29: Chevron Phillips Chemical Co. Financial Performance
Figure 30: Dow Chemical Co. Financial Performance
Figure 31: Exxon Mobil Corp. Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global High-Density Polyethylene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global High-Density Polyethylene Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Global High-Density Polyethylene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: Global High-Density Polyethylene Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: Asia-Pacific, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: China, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: India, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Japan, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: Australia, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: Indonesia, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: South Korea, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: Western Europe, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: UK, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: Germany, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: France, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: Eastern Europe, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: Russia, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: North America, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: USA, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: South America, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Brazil, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: Middle East, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 26: Africa, High-Density Polyethylene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 27: Asahi Kasei Corp. Financial Performance
Table 28: Braskem S.A. Financial Performance
Table 29: Chevron Phillips Chemical Co. Financial Performance
Table 30: Dow Chemical Co. Financial Performance
Table 31: Exxon Mobil Corp. Financial Performance
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