USD 68.7 billion
High Density Polyethylene (HDPE) Resins Market Size, Share, and Growth Analysis
High Density Polyethylene (HDPE) Resins Market By Type (Adhesive Type HDPE Resin, Coating Type HDPE Resin), By Application (Film & Sheet, Injection Molding), By End-Use Industry (Packaging, Agriculture), By Region - Industry Forecast 2025-2032
Report ID:
SQSG15E2040 |
Region:
Global |
Published Date: December, 2024
Pages:
253
|Tables:
102
|Figures:
76
Format -
High Density Polyethylene (HDPE) Resins Market Insights
Global High Density Polyethylene (HDPE) Resins Market size was valued at USD 68.7 billion in 2023 and is poised to grow from USD 72.0 billion in 2024 to USD 104.76 billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).
The demand for high density polyethylene (HDPE) is expected to rise due to its properties such as resistance to moisture, longer shelf life, reduced spoilage, and tensile strength. The market will likely advance due to technological upgrades in the near future. Robotic automation and artificial intelligence will shape the future of the market.
They find extensive application in wrapping, refuse sacks, carrier bags, and industrial liners. Online shopping platforms and food delivery services will further boost its demand in the coming years.
The market is however, facing hindrance due to fluctuating prices of crude oil. This imbalance leads to collapse of plastic prices in the market. Increasing tension due to trade war will further hinder prices and demand for the market.
US High Density Polyethylene (HDPE) Resins Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Sheet
Fastest Growth
Sheet
Growth Rate
4.8% CAGR
Global High Density Polyethylene (HDPE) Resins Market ($ Bn)
Country Share for Aisa Pacific Region (%)
Country Share for Europe Region (%)
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High Density Polyethylene (HDPE) Resins Market Segments Analysis
Global High Density Polyethylene (HDPE) Resins Market is segmented by Type, Application, End-Use Industry and region. Based on Type, the market is segmented into Adhesive Type HDPE Resin and Coating Type HDPE Resin. Based on Application, the market is segmented into Film & Sheet, Injection Molding, Blow Molding, Pipe & Profile, Wire & Cables and Others. Based on End-Use Industry, the market is segmented into Packaging, Agriculture, Building & Construction, Automotive and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
High Density Polyethylene (HDPE) Resins Market Analysis by Application
The global high-density polyethylene (HDPE) resins market has been divided based on application into pipes and tubes, rigid items, sheets and films, and other applications. Due to the huge and steadily growing number of ongoing projects using HDPE pipes and tubes in the medium- to large-scale market, the pipes and tubes sector within the segmentation is predicted to develop with the greatest CAGR during the projection period 2022-2028. New multi-layer HDPE pipes are also being used in various new construction projects and water control initiatives. This might be a new potential for the market because it would lower the cost of pricey bedding materials while also offering improved durability and dependability, which will greatly boost market expansion over the course of the projection period.
High Density Polyethylene (HDPE) Resins Market Analysis by End User
The global high-density polyethylene (HDPE) resins market is divided into end-use sectors based on packaging, transportation, electrical and electronics, building and construction, agricultural, industry and machinery, and other end-use industries. The packaging sector has the highest revenue among the segments and dominates the High-Density Polyethylene (HDPE) market. Pharmaceuticals, food and beverage packaging are all commonly made with HDPE. During the forecast period of 2022–2028, the market is expected to develop due to the flourishing global food and beverage industry as well as the rising demand for HDPE in cosmetic packaging.
Global High Density Polyethylene (HDPE) Resins Market By Application
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High Density Polyethylene (HDPE) Resins Market Regional Insights
With a revenue share of more than 37%, the Asia Pacific region was the largest regional market in 2021. Over the course of the prediction, the region is anticipated to maintain its supremacy. This is due to rising product demand from numerous end-use sectors, including electrical & electronics, automotive, packaging, and construction. Due to growing consumer expenditure on grooming items including skincare creams and lotions, the personal care business in the Asia Pacific has experienced tremendous expansion. Growing disposable income and increasing awareness of beauty products made with natural components are expected to fuel demand for cosmetics in this region and increase product consumption over the forecast period.
During the projection period, Europe is anticipated to be the second-largest market for high-density polyethylene HDPE resins. Market expansion in this region is anticipated to be fueled by the rising demand from the packaging sector.
During the projection period, North America is anticipated to be the third-largest market for high-density polyethylene HDPE resins.
Global High Density Polyethylene (HDPE) Resins Market By Region
- Largest
- Fastest
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High Density Polyethylene (HDPE) Resins Market Dynamics
High Density Polyethylene (HDPE) Resins Market Driver
Conscious Consumption of Plastic to Boost Demand for HDPE Resins in Global Market
- Rising demand from the packaging and automotive industries: The market for high-density polyethylene resins is experiencing an increase in demand from both sectors. This is due to the hardness, chemical resistance, and heat resistance of HDPE resins.
- Recycled HDPE resin is being used more frequently because it has advantages for the environment, including lower energy use and greenhouse gas emissions. It also aids in resource conservation.
- Increasing attention on fuel efficiency and lowering carbon emissions across a variety of end-use industries has led to an increase in consumer demand for lightweight goods. When compared to other plastic materials, HDPE resins have excellent weight reduction potential, making them a desirable option for manufacturers seeking to lower the total weight of their products without sacrificing performance or quality standards.
High Density Polyethylene (HDPE) Resins Market Restraint
Fluctuating Crude Oil Prices to Hinder Market Growth
- High-density polyethylene (HDPE) resins market is expected to suffer in the near future as a result of the fluctuation in crude oil prices. This is because ethylene, a petrochemical feedstock, is the main raw ingredient utilised in the manufacturing of HDPE. Thus, fluctuations in the price of crude oil have a direct impact on ethylene pricing. In addition, HDPE has been classified as carcinogenic by the International Agency for Research on Cancer because it can cause lung cancer when inhaled. Additionally, the implementation of strict government regulations in response to ecological concerns may provide a significant barrier to market expansion during the projection period of 2022–2028.
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High Density Polyethylene (HDPE) Resins Market Competitive Landscape
By making investments in R&D, incorporating cutting-edge technology into their products, and releasing updated items for the market, the players continue to dominate the market. Different tactics are used, such as entering into agreements, mergers, and collaborations.The major players in the High Density Polyethylene (HDPE) Resins market include Total S.A. (France), Dow Inc. (US), ExxonMobil Corporation (US), INEOS Group Holdings S.A. (UK), SABIC (Saudi Arabia), LG Chem (South Korea), LyondellBasell Industries N.V. (The Netherlands), Eni SpA (Italy), Braskem (Brazil), Chevron Phillips Chemical Company LLC (US), PetroChina Company Limited (China), Indian Oil Corporation Ltd (India), Reliance Industries Limited (India), Formosa Plastics Corporation (Taiwan). To gain a competitive edge and solidify their market positions, these industries are exploring a range of inorganic growth strategies.
Top Players in the Global High Density Polyethylene Resins Market
- Dow Chemical Company (US)
- ExxonMobil Chemical (US)
- LyondellBasell Industries (Netherlands)
- Chevron Phillips Chemical Co. (US)
- INEOS (UK)
- Formosa Plastics Corporation (Taiwan)
- PetroChina Company Limited (China)
- Reliance Industries Limited (India)
- Braskem S.A. (Brazil)
- TotalEnergies SE (France)
- LG Chem Ltd. (South Korea)
- Lotte Chemical Corporation (South Korea)
- Westlake Chemical Corporation (US)
- China Petroleum & Chemical Corporation (Sinopec) (China)
- Mitsui Chemicals, Inc. (Japan)
- Sumitomo Chemical Co., Ltd. (Japan)
- PTT Global Chemical Public Company Limited (Thailand)
- Borealis AG (Austria)
High Density Polyethylene (HDPE) Resins Market Recent Developments
- In April 2022, ExxonMobil, a major participant in the chemical industry, has introduced a new range of Exceed S performance polyethylene (PE) resins, which it claims can boost performance while lowering the complexity of film extrusion.
- In December 2021, Four Star Industries, a producer of 12" - 6" High Density Polyethylene (HDPE) conduit, announced the acquisition of its assets by Atkore Inc. The Four Star Industries primarily provides services to the datacom, utilities, infrastructure, and telecommunications markets. The purchase was made in order to broaden Atkore's product line and give Atkore access to expanding areas like internet and renewable energy.
High Density Polyethylene (HDPE) Resins Key Market Trends
- To secure the items in the warehouse and logistics, HDPE is often utilised in films. Given the rising population's increased use of packaging films, it is anticipated that HDPE resin's thin-film applications would increase over the coming years. Food packaging will be in greater demand as a result of the requirement for high-quality, multilayer barriers to increase product shelf life and reduce food waste. High-density polyethylene pipe demand is anticipated to increase as a result of the booming construction sector, particularly in China and the US.
- Plastic pipes are purposefully replacing concrete, copper, and steel pipes because of their superior performance, lower cost, and easier installation. According to Global Construction Perspectives and Oxford Economics, China, the US, and India are expected to account for around 57% of the growth in global construction volume by 2030, which is expected to climb by 85%. In addition, the US construction sector is anticipated to expand more quickly than China's.
High Density Polyethylene (HDPE) Resins Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by application, the pipes and tubes segment of the high density polyethylene (HDPE) resins market has the largest revenue share in the year 2021. Region-wise, the Asia Pacific region accounted highest market share with more than 37% of market value in the year 2021. The market for high density polyethylene (HDPE) resins is anticipated to increase as a result of the strong demand from the food and beverage industry. Accordingly, it is anticipated that over the forecast period of 2022 to 2028, the easy accessibility of inexpensive raw materials and the high demand for multiple-use plastics due to tighter regulations on single-use plastic will also act as major factors favouring the growth of the high density polyethylene (HDPE) resins market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 68.7 billion |
| Market size value in 2032 | USD 104.76 billion |
| Growth Rate | 4.8% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on High Density Polyethylene (HDPE) Resins Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on High Density Polyethylene (HDPE) Resins Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the High Density Polyethylene (HDPE) Resins Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the High Density Polyethylene (HDPE) Resins Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the High Density Polyethylene (HDPE) Resins Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the High Density Polyethylene (HDPE) Resins Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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