[Online Quarterly Update] Bimodal HDPE demand stood at 17.21 Million Tonnes in 2020 and is forecast to reach 28.672 Million Tonnes by 2030, growing at a healthy CAGR of 5.25% until 2030.
Bimodal HDPE is a type of HDPE that has both amorphous and crystalline regions. As a result, it benefits from the bimodality by having strength and stiffness of HDPE and high stress crack resistance and processability of a unimodal medium density polyethylene. It is a mixture of low molecular weight HDPE and High molecular weight HDPE. Bimodal HDPE has several properties including high mechanical strength, durability, chemical resistance, lightweight, etc. Major applications of bimodal HDPE are bimodal HDPE pipe, bimodal HDPE film, and bimodal HDPE blow molding. The end-user industries for bimodal HDPE are gas and water pipelines, detergent bottles, food storage containers, bottle caps, etc. Growing demand from the end-user industries such as gas and water pipelines, detergent bottles, and food storage containers is expected to drive the demand for bimodal HDPE for the forecast period. Moreover, the growing demand for biodegradable plastics is expected to hinder demand growth during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on several industries. Detergents and cleaners were among the most affected industries during the pandemic. This had an impact on the demand for bimodal HDPE for the first half of 2020. Therefore, the demand for bimodal HDPE grew during the coronavirus pandemic from the detergents and cleaners bottles segment due to increased awareness about health and hygiene.
Region-wise, the Asia-pacific region holds the major share of global demand for bimodal HDPE due to the increasing demand of application industries such as detergents and cleaners. Moreover, the increasing number of products using bimodal HDPE is another factor influencing demand growth in Asia-Pacific.
Major players for bimodal HDPE globally include The Dow Chemical Company, Chevron Phillips Chemical Company, Saudi Basic Industries Corporation (SABIC), Exxon Mobil Corporation, Dynalab Corp., LyondellBasell Industries N.V., INEOS AG, SINOPEC Beijing Yanshan Company, PetroChina Company Ltd., Braskem, Formosa Plastics Corporation, Daelim Industrial Co. Ltd., Prime Polymer Co. Ltd. and Mitsui Chemicals Inc.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
•To assess the demand-supply scenario of bimodal HDPE which covers production, demand and supply of bimodal HDPE market globally.
•To analyse and forecast the market size of bimodal HDPE .
•To classify and forecast global bimodal HDPE market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global bimodal HDPE market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global bimodal HDPE market.
•To identify and analyse the profile of leading players involved in the manufacturing of bimodal HDPE.
To extract data for global bimodal HDPE market, primary research surveys were conducted with bimodal HDPE manufacturers, suppliers, distributors, wholesalers and end users. 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 end user segments and projected a positive outlook for Global bimodal HDPE market over the coming years.
ChemAnalyst calculated bimodal HDPE demand globally by analyzing the historical data and demand forecast which was carried out considering imported bimodal HDPE, prices, materials used for production of bimodal HDPE . 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:
• bimodal HDPE manufacturers and other stakeholders
•Organizations, forums and alliances related to bimodal 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 bimodal HDPE manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global bimodal HDPE market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
By End Use: (Gas and Water Pipeline, Detergent Bottles, Food Containers, Bottle Caps, etc.)
By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders, Retailers)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
The Dow Chemical Company, Chevron Phillips Chemical Company, Saudi Basic Industries Corporation (SABIC), Exxon Mobil Corporation, Dynalab Corp., LyondellBasell Industries N.V., INEOS AG, SINOPEC Beijing Yanshan Company, PetroChina Company Ltd., Braskem, Formosa Plastics Corporation, Daelim Industrial Co. Ltd., Prime Polymer Co. Ltd. and Mitsui Chemicals Inc.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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Which are the major drivers for growth in demand of bimodal HDPE?
Ans:
Rise in the demand of detergent bottles industry coupled with the increasing demand of other end use industries is the major driver for growth in the demand of bimodal HDPE.
Q2.
Which region holds the maximum demand share in the Global bimodal HDPE market as of 2020?
Ans:
Asia Pacific holds the major demand share of bimodal HDPE due increasing demand of the application areas including detergent and cleaners industry. Increasing population and per capita income in emerging economies like India and China is also an influencing factor supporting demand rise in Asia Pacific.
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