High-Density Polyethylene Market Size, Share, Growth Analysis, By Feedstock(Naphtha, natural gas), By Manufacturing(Gas phase, slurry process), By Application(Blow molding, injection molding), By End-user(Packaging, transportation) - Industry Forecast 2024-2031

High-Density Polyethylene Market size was valued at USD 72.22 billion in 2019 and is poised to grow from USD 75.43 billion in 2023 to USD 111.15 billion by 2031, growing at a CAGR of 4.45% in the forecast period (2024-2031).

High-density polyethylene is a thermoplastic polymer derived from the ethylene monomer and also termed as Polyethylene high-density (PEHD). When used in HDPE pipe, it is also known as "alcatene" or "polyethylene." It is used to create plastic bottles, corrosion-resistant pipelines, geomembranes, and plastic wood due to its high strength-to-density ratio. Its recycling properties are high end-products are recognized by the resin identification code "2." 

Increased demand for beverages and food will drive up demand for blow-molded bottles, which will drive up demand for HDPE. Volatile crude oil raw material costs are expected to have a negative influence on HDPE pricing, limiting market growth over the projection period.

High-density polyethylene (HDPE) is a polyethylene thermoplastic resin derived from naphtha, natural gas, light oil, and other sources. One kilogramme of high-density polyethylene requires around 1.75 kilos of oil (combined energy and raw ingredients). The density of high-density polyethylene ranges from 0.93 g/cm3 to 0.97 g/cm3. The bulk of rigid packaging solutions are made with HDPE as the primary raw material. Furthermore, the fast expansion of the e-commerce business as one of the most convenient methods to purchase has resulted in a significant increase in demand for packaging raw materials, with HDPE being one of the most often utilised.

US High-Density Polyethylene Market is poised to grow at a sustainable CAGR for the next forecast year.