United States High-density Polyethylene (HDPE) market is expected to reach USD 15565 million by the end of 2024
Published Date: 2018/11/29
High-density polyethylene (HDPE) is a polyethylene thermoplastic made from petroleum. It is sometimes called "alkathene" or "polythene" when used for pipes. With a high strength-to-density ratio, HDPE is used in the production of plastic bottles, corrosion-resistant piping, geomembranes, and plastic lumber.
The United States High-density Polyethylene (HDPE) industry has a high concentration. The major manufacturers are Chevron Phillips, lyondellbasell, Ineos. At present, Chevron Phillips is the leader in United States, holding 25 % market share in 2017.
The United States consumption of High-density Polyethylene (HDPE) increases from 7.12 Million K MT in 2013 to 8.02Million MT in 2017, at a CAGR of more than 3.05%. However, HDPE in the U.S. market is over-produced. This phenomenon will be more prominent after 2018.
The US has traditionally directed the bulk of its PE exports to Latin America. While US producers are expected to aggressively pursue additional market share in Latin America, exporters will also be directing much of their attention to Asia, particularly China, as Latin American markets are not large enough to absorb the incremental additions in US capacity.
High-density Polyethylene (HDPE) can be mainly divided into Blow Molding, Injection Molding and Extrusion Molding. which Blow Molding captures about 42% of High-density Polyethylene (HDPE) market in 2017.
The United States High-density Polyethylene (HDPE) market is valued at USD 13351 million in 2017 and is expected to reach USD 15565 million by the end of 2024, growing at a CAGR of 2.76% between 2019 and 2024.
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