H1 2023: The prominent producers of High Density Polyethylene (HDPE) in H1 2023 in the Asia Pacific region were SCG Chemicals, Reliance Industries Limited, Indian Oil Corporation Limited, and Haldia Petrochemicals. However, SCG Chemicals held the largest production capacity of HDPE in H1 2023. Asia Pacific experienced a gloomy market sentiment in H1 2023. In January 2023, Wanhua Chemical and Beijing Yanshan Petrochemical Corporation had their site shut down in China for 31 days for maintenance purposes. Similarly, HPCL-Mittal Energy Limited, a company located in Bhatinda, India, had its site shut in India for the entire month of January 202. Due to an excess of HDPE and weak demand from downstream packaging and construction end-user sectors, HDPE prices declined. Additionally, the collapse in ethylene and crude oil prices in the Asian region added to the decline in HDPE pricing. Additionally, there was a slowdown in the flow of HDPE from the Asian nations to the Western nations due to the reduction in demand in the Western nations as a result of the economic slump in the Asia Pacific markets. Due to the excess supply of HDPE and the subdued demand from downstream packaging, prices in the Asia Pacific region continued to fall until June 2023.
The Asia Pacific High Density Polyethylene (HDPE) market stood at approximately 19.7 million tonnes in 2022 and is expected to grow at a CAGR of 4.57% during the forecast period until 2032.
HDPE is great for blow-molding applications, particularly food and beverage containers because it won’t leach into the bottles’ contents. In addition, HDPE is recyclable which makes it a great choice for these highly disposable products. HDPE is UV resistant which helps keep the toys resistant to the ray’s damaging and discoloring effects. Owing to its chemical resistant properties, HDPE is great for laundry, shampoo, conditioner, motor oil, household cleaning products, antifreeze and recycling bins. The strength of these bottles is increased when they’ve been colored or pigmented. HDPE pipe grade sheet is perfect to be used in the irrigation sectors. High-performance pipes, blow-molded home and industrial bottles, oil bottles, and injection-molded food containers are also made from HDPE.
The demand for HDPE is expected to increase in nations like India, Malaysia, China, and Japan during the course of the forecast due to fast industrialization, urbanisation, and an increase in construction activities in the residential and non-residential sectors. Furthermore, it is anticipated that the market for HDPE would be further stimulated by the rising demand for HDPE pipes in nations like India. Another factor that will probably drive the market for high density polyethylene (HDPE) over the projected period is the presence of numerous plastic commodity factories across China. One of the top nations for the packaging business is China. HDPE cables and insulations are crucial components of India's expanding infrastructure. Government initiatives with policies, such as Make in India, offer a commitment to growth in domestic manufacturing, lowering import dependence, energising exports, and manufacturing, like the "Make in India" programme to make the country self-reliant, are expected to lead to bolster the HDPE market.
The demand for High Density Polyethylene (HDPE) is anticipated to reach approximately 29.9 million tonnes by 2032 in APAC.
Asia Pacific dominates worldwide High Density Polyethylene (HDPE) market. This region accounted for roughly 45% of the global HDPE market in 2022. Geographically, the APAC HDPE is segmented into, China, India, Japan, Malaysia, and Rest of APAC. China's role as an Asia Pacific leader for manufacturing of electronics, consumer goods, and plastics is anticipated to boost the HDPE demand in the forecast period. Electrical components are manufactured and supplied to a variety of sectors by nations including South Korea, Japan, and China.
Based on grade, the HDPE market is segregated into Extrusion Molding, Blow Molding, Injection Molding, and Others. Among these, Extrusion Molding is leading the market. In 2022, this grade held about 45% of the APAC HDPE market.
Based on the end-user industry, the High Density Polyethylene (HDPE) market is divided into Packaging, Construction, Consumer Goods, Agriculture, and Others. The packaging industry dominates the Asia Pacific HDPE market. In 2022, this industry accounted for roughly 40% of the market. It is used for the packaging sector for Shampoos, Containers for Chemicals, bins for recycling milk jugs, Shopping Bags, and Liners for cereal boxes.
Significant companies for Asia Pacific High Density Polyethylene (HDPE) market are SCG Chemicals, Reliance Industries Limited, Indian Oil Corporation Limited, Haldia Petrochemicals, PTT Global Chemical Public Company Limited, Lotte Chemical, Korea Petro Chemical Ind Co Ltd, LG Chem, CNOOC Limited, Shannxi Yanan Energy, Lotte Chemical (LC TITAN Malaysia), and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2032
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
The objective of the Study:
•To assess the demand-supply scenario of High Density Polyethylene (HDPE), which covers the production, demand, and supply of High Density Polyethylene (HDPE) around the globe.
•To analyze and forecast the market size of High Density Polyethylene (HDPE).
•To classify and forecast the Asia Pacific High Density Polyethylene (HDPE) market based on end-use and regional distribution.
•To examine Asia Pacific competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the High Density Polyethylene (HDPE) market.
To extract data for the Asia Pacific High Density Polyethylene (HDPE) market, primary research surveys were conducted with High Density Polyethylene (HDPE) manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Asia Pacific High Density Polyethylene (HDPE) market over the coming years.
ChemAnalyst calculated High Density Polyethylene (HDPE) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of High Density Polyethylene (HDPE) across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• High Density Polyethylene (HDPE) manufacturers and other stakeholders
• Organizations, forums and alliances related to High Density Polyethylene (HDPE) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as High Density Polyethylene (HDPE) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Asia Pacific High Density Polyethylene (HDPE) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
19.7 million tonnes
Market size Volume by 2032
29.9 million tonnes
Growth Rate
CAGR of 4.57% from 2022 to 2032
Base year for estimation
2022
Historic Data
2015 – 2022
Forecast period
2023 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2022 to 2032
Report coverage
Industry Market SIZE, Capacity By Company, Capacity by Location, Capacity by Process, Capacity by Technology, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Packaging, Construction, Consumer Goods, Agriculture, and Others)
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the Asia Pacific market size of High Density Polyethylene (HDPE) in terms of volume for 2022?
Ans:
The Asia Pacific market size of High Density Polyethylene (HDPE) was approximately 36 million tonnes in 2022, and it is expected to soar with a CAGR of 4.83% in the forecast period.
Q2.
What are the major end-use industries of High Density Polyethylene (HDPE)?
Ans:
High Density Polyethylene (HDPE) is used in a wide range of end use industries Packaging, Construction, Consumer Goods, Agriculture, and Others.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.