Global High-density Polyethylene Market Insights and Forecast to 2028

High Density Polyetylene Market 2028

Due to the COVID-19 pandemic, the global High-density Polyethylene market size is estimated to be worth US$ 80690 million in 2022 and is forecast to a readjusted size of US$ 97470 million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028. Key drivers of the high-density polyethylene market include the increasing application of thin film sheets.

The growing use of plastics in the packaging industry will fuel the growth of the high-density polyethylene market during the forecast period. The ever-expanding construction industry will push the market ahead in the coming years. 

The agricultural industry will provide lucrative growth opportunities for the market in the coming years. 

High Density Polyetylene Market Trends

Thin film sheets

Polyethylene thin film sheets are used extensively for various purposes. It is linear, stiff, and crystalline making it a reliable solution. It is produced with a white, matte finish. It offers better resistance to chemicals, along with good vaporing capabilities. There are tough weathering properties. The enhanced rigidity and flexibility further augment its widespread usage. This will drive the growth of the high-density polyethylene market during the forecast period. HDPE films are suitable for food packaging as they offer corrosion resistance and tough barriers to moisture. This makes it durable and versatile enough to withstand any environmental conditions. It is used in food cutting boards as it maintains indirect and direct food contact is resistant to hot water, and will not absorb bacteria or odors. The product is much stiffer than the original HDPE ensuring supreme flatness and consistency. Other applications include chemical tanks, water pipe flanges, and marine construction such as pile guards, anti-skid surfaces, bumpers, light duty tanks, chutes, and outer bin linings. The UV-stabilized engravable sheet does not require additional layers of paint and refurbishing. An excellent option for outdoor cabinetry and furniture. 

Packaging industry

HDPE plastics are mainly preferred in the packaging sector. As the level of urbanization grows the rising consumerism is fueling the need for robust packaging solutions. It is used in canned bottles, buckets, and molded bottles. The plastic is lightweight and super strong. As it is impact resistant it is used in the packaging of children’s toys, drink bottles, water pipes, and car fuel tanks. It is easily recyclable making it perfect for multiple uses in rope, bins, pipes, and toys. These will foster the growth of the high-density polyethylene market during the forthcoming period. Having a high-temperature resistance allows the plastic to not lose shape or structure when exposed to harsh weather conditions for long periods of time. Plastic is a highly sought-after packaging solution for cosmetics, shampoo, dish detergent, laundry detergent, household cleaners, grocery bags, milk, juice cans, food, cereal, and snack liners. Chemical solvents and pharmaceutical devices. It can be processed and molded to create containers, films, and bottles. The additional positive properties include high tensile strength, leakproof tendency, and the ability to be used in cold environments without the fear of embrittlement. 

Construction industry

Construction activity is booming owing to rising economic growth and intense investment in the real estate sector. Plastics play a central role in various construction activities. It is being deployed in screws, hinges, electric wiring, flooring, wall covering and waterproofing, etc. It is a highly sought-after product that is expected to bolster the demand for the high-density polyethylene market in the coming years. Having a tough exterior and enhanced corrosion resistance make it perfect for surviving harsh weather conditions indefinitely. It is economical and consumes less heat than metal thereby making it energy efficient. The lightweight feature ensures quick and easy installation. High-density polyethylene is used of making floors less prone to wear and tear. It reduces sound pollution levels. Furthermore, two layers of plastic materials are used for making the roof damage free. The lower part of the roof is made with high-density polyethylene foam as it is energy efficient and keeps the interior of the house cool. Pipes and tubes are made from polyethylene as it is chemical and water-resistant. The growing trend of green and low-energy building requires the product as it provides temperature consistency, chemical resistance, and flame retardance and acts as a superior air barrier. Furthermore, it is used in the manufacturing of windows for buildings as the plastic material is strong, clear, and burglar proof, Additionally, it provides good support to columns and other essentials during renovation. 

Agricultural industry

High-density polyethylene is also used rapidly in the agricultural sector. It is used in building irrigation pipes because of its weather resistance and high resistivity to corrosion. They require very little maintenance and repair. It is strong, flexible, and resists damage making it excellent for fire system supply solutions. HDPE is the standard for manufacturing drainage pipes. Earlier it was made from concrete and steel. However, these options are not eco-friendly and require costly maintenance. The HDPE is non-toxic and suitable green building material. This will surge the growth of the high-density polyethylene market during the forecast period. The material is highly effective in cage fish farming. It is used for fishing applications in groundwater, rivers, lakes, and beaches. It is cheaper and makes observing and studying fish easier. The product has the ability to survive over a long period of time making it perfect for harsh oceanic conditions. 

High Density Polyetylene Market Share Analysis

Based on type, the segmentations are oil raw materials and natural gas materials.

Based on application, the thin film segment will grow the highest in the high-density polyethylene market share due to its widespread use in several industries. 

Based on region, Asia-pacific is expected to dominate in the high-density polyethylene market share due to population explosion and rising construction and packaging industry. Many HDPE manufacturing units are present in this part of the world.