HDPE market worth USD70m
The plastic high-density polyethylene (HDPE) has a wide variety of uses from food packaging, salve bottles, here cosmetics, shop care products and household goods to technical parts and products for the construction sector. Ceresana expects worldwide revenues generated with this important type of plastic to rise dynamically to almost US$70 billion in 2019.
Growth motor Asia-Pacific
Main growth motor will be Asia-Pacific; market analysts expect demand in this region to rise at average growth rates of 4.4% per year. Yet sales market in Eastern Europe, the Middle East and South America are also likely to generate above-average growth rates. Demand development on the market for HDPE in North America and Western Europe, however, will be notably slower.
“Changes in regional demand will also have an effect on the global production structure of manufacturers. Over the next eight years, new capacities of more than 8 million tonnes will be added in Asia-Pacific”, explains Oliver Kutsch, CEO of Ceresana.
The major areas of application
One of the major application areas for HDPE is the blow molding of bottles and other hollow pieces. Products of this type accounted for roughly 28% of global HDPE market volume in 2011, closely followed by films and injection molded products. Strong regional differences can be observed in the segments blow molding and film extrusion in particular. The production of films is the dominating market segment in Asia-Pacific, whereas blow molding and injection molding are the most common processing technologies in North America and Western Europe.
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