HDPE Market Overview:
HDPE (High Density Polyethylene) is commonly used in the production of plastic bottles and geo-membranes. The HDPE is produced from monomer ethylene which is a thermoplastic polymer. It is an opaque substance and can withstand at higher temperatures. The HDPE properties depend on the molding process where it also undergoes several testing procedures.
HDPE Market Segmentation Study Report:
Based on type, the HDPE market is segmented into PE 63, PE 80 and PE 100. The PE 63 segment has high demand than other due its varied applications in water transportation and agriculture. The applications of the HDPE pipes are oil & gas pipe, agriculture & irrigation pipe, water supply pipe, sewage system pipe and others. The resistance towards corrosion property of HDPE leads the market demand popularly in the water supply and sewage system pipes.
HDPE Market Drivers and Restraints:
The demand in the usage of transporting chemicals, water and gases effectively without any leakages is a primary factor driving the HDPE market. Increasing population require water supply through pipes where it is an additional factor for the demand of the market. The rapid increase in the end user industries across the globe is eventually fueling the market growth. The trend to use light-weight materials everywhere in the world is accelerating the demand of HDPE market. The HDPE pipes are more considerable than the traditional metal pipes in all the industries. However, the fluctuations in the price of raw material used in manufacturing of HDPE are remained as a challenging factor in this market. Along with issues in disposable of these material which are not eco-friendly in nature are declining the demand of the market.
HDPE Market Geographical Segmentation:
Geographically, the market is segmented into North America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific accounted the highest shares in the market owing to increasing population and rising need for water supply. North America is anticipated to dominate the revenue shares following Asia pacific with the demand for high production of pipes in oil & gas industry. Middle East & Africa and Europe are elevated to grow at a faster rate in the forecast period.
HDPE Market Key Players:
JM Eagle Inc., WL Plastics, Lane Enterprises, Inc., Prinsco, Inc., Uponor, Poly plastic group, Mexichem S.A.B. de C.V, United Poly systems, Radius system, and Blue Diamond Industries, LLC are prominent players leading HDPE market from long years.
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