Quarterly Update on Global HDPE Market
For the Quarter Ending September 2020
Asian HDPE market sentiments fluctuated in a narrow range amidst consistent demand and ample supply. As restricted cargoes from Iran were discharged in September, it flooded the market with abundant product volume. China appreciably bounced back from the pandemic blows with the Polyethylene demand reaching pre lockdown levels due to active downstream market. In contrast to improved offtakes from China, negligible change was observed in the Southeast Asian region as it tumbled against the cold waves of the economic imbalance caused by the Coronavirus contagion. However, if demand fundamentals remained strong in next quarter, the regional HDPE market could showcase a substantial gain in the near term.
· North America
Coronavirus strengthened the Q2 demand outlook of the North American HDPE market, majorly driven by strong packaging demand from food, medical and healthcare industries. Supply tightened as the country witnessed delayed deliveries followed by scarce resin availability. In September, the exports reduced by a prominent percentage as an outcome of the force majeures implied against Hurricane Laura. Although the demand from other sectors such as construction, automotive and agriculture considerably improved but were still low compared to the pre lockdown levels.
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Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
News & Deals
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
ChemAnalyst gathers information through primary research surveys conducted with various HDPE manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global HDPE market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global HDPE market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on daily, weekly, monthly and yearly basis.
Finally, region-specific markets for HDPE are analyzed and region-wise demand pattern is tracked.
Polyethylene are one of the widely used polymers in a range of end-use applications due to their versatile nature and supreme properties. Two prominent types of Polyethylene in demand are LDPE and HDPE, holding a large share of consumption in films and flexible packaging sector. HDPE is an ideal preference in the automotive and construction industry as it can be easily wielded and molded owing to its high chemical resistance and tensile strength. Ideal advantages of HDPE offered over other alternatives are its recyclability and sustainability that limits the extent of environmental pollution. Different grades of HDPE such as blow molding, injection molding, pipe extrusion, film and sheet extrusion, profile molding can be produced using a range of techniques. Large-scale commercial production of HDPE is achieved by catalytic polymerization of Ethylene in a slurry, gas phase or solution reactor. Properties in different grades of HDPE are determined by alternating the process conditions and selection of the desired catalyst.