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
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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)
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of High Density Polyethylene (HDPE) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for High Density Polyethylene (HDPE).
3. Capacity By Location
To better understand the regional supply of High Density Polyethylene (HDPE) by analyzing its manufacturers' location-based capacity.
4. Capacity By Process
To evaluate the demand of various methods and their capacities while looking for the future growth of each process.
5. Capacity By Technology
To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.
6. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
7. Production By Company [Quarterly Update]
Study the historical annual production of High Density Polyethylene (HDPE) by the leading players and forecast how it will grow in the coming years.
8. Demand by Grade
Learn about the various grades of High Density Polyethylene (HDPE)- Extrusion Molding, Blow Molding, Injection Molding, and Others, and their demands. It will allow you to choose which grade to concentrate on when designing your strategy.
9. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Packaging, Construction, Consumer Goods, Agriculture, and Others) are creating a market and the forecast for the growth of the High Density Polyethylene (HDPE) market.
10. Demand by Region
Analyzing the change in demand of High Density Polyethylene (HDPE) in different regions, i.e., China, India, Japan, Malaysia, and Rest of APAC, that can direct you in mapping the regional demand.
11. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell High Density Polyethylene (HDPE). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
12. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of High Density Polyethylene (HDPE).
13. Company Share
Figure out what proportion of the market share of High Density Polyethylene (HDPE) is currently held by leading players across the globe.
14. Country-wise Export
Get details about quantity of High Density Polyethylene (HDPE) exported by major countries.
15. Country-wise Import
Get details about quantity of High Density Polyethylene (HDPE) imported by major countries.
16. Manufacturing Process
Discover insights into the intricate manufacturing process of High Density Polyethylene (HDPE).
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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.
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Ans:
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