Sellbyville, DE -- (SBWIRE) -- 03/06/2019 -- Global Market Insights, Inc. add New High Density Polyethylene Market report provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

High Density Polyethylene market size will cross USD 88 billion till 2024. High density polyethylene (HDPE) is majorly used for packaging in pharmaceutical, food & beverages and cosmetics industries. It has improved mechanical properties and higher strength to density ratio than low density polyethylene. It is used to pack food items such as ready-to-mix, ready-to-cook food. Increasing packed food items market due to ease-of-consumption and its handiness will boost product market.

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High density polyethylene to produce products such as pipes, plumbing and electrical boxes, and telephone ducts. These products are deployed at construction sites in residential, commercial and industrial projects. Infrastructural development in emerging economies such as urban and hydropower transportation, roads & highways, commercial building, shopping malls, shall give a positive outlook for high density polyethylene market.

Film & sheet forms of HDPE are likely to exhibit a decent growth rate of 4.5% between 2016 and 2024. These films & sheets are used for notebook covers and harsh chemical environments. It has the advantages of being chemically inert, easily fabricable and affordable. High density polyethylene films are available in wide varieties depending on their clarity, breakability, flexibility and rigidity.

Packaging shall be the most prominent end-user in high density polyethylene market. It was valued above USD 16 billion during 2015. It is used in industries such as cosmetics and pharmaceuticals. These industries have a significant growth in the near future, contributing to high density polyethylene market.

High Density Polyethylene (HDPE) Market, By Form
o Blow molded
o Pipe and extruded
o Film & sheet
o Injection molded
o Others

High Density Polyethylene (HDPE) Market, By End-User
o Agriculture
o Building & Construction
o Automotive
o Packaging
o Others

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Europe high density polyethylene industry covered more than 20% of the global revenue in 2015 and will record a CAGR of 3% over 2016-2024, driven by the huge expansion of the infrastructural sector in countries such as Spain Germany, and Italy.

Rapid growth in the cosmetic and construction sectors and the huge demand from packaged F&B market will drive APAC HDPE industry, which accounted for more than 40% of the global share in 2015. The escalating infrastructural developments and rising construction spending in China and India will also fuel APAC HDPE market.

High density polyethylene market from packaging applications was worth more than USD 16 billion in 2015. With prominent utilization in the cosmetics, pharmaceutical, and F&B sectors, this application segment is set to accrue substantial profits over 2016-2024, especially across Latin America and the U.S.

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High density polyethylene industry is slated to observe remarkable gains from numerous sectors, given the widespread scope of these products. For instance, HDPE pipes are highly affordable in terms of material and installation, owing to which they are used for water supply and irrigation in agriculture. HDPE is also used to produce electrical boxes and telephone ducts. The rapid expansion of the construction, transportation, automotive, and packaging sectors will stimulate the industry trends in the years to come.

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