HDPE plas­tics on growth course

DEMM Engineering & Manufacturing - - PLASTICS -

In 2014, a world­wide turnover of USD 61.8 bil­lion was achieved with HDPE plas­tics and an av­er­age sales growth of 4.2 per­cent p.a. is ex­pected so that around USD 85.8 bil­lion US will be achieved un­til 2022.

Ac­cord­ing to mar­ket re­search in­sti­tute Cere­sana’s new­est mar­ket re­port on HDPE the Asia-Pa­cific re­gion is by far the largest con­sumer of this im­por­tant kind of plas­tic. Within the last eight years, it has in­creased its world mar­ket share from 33 per­cent to 44 per­cent. Also, in the fu­ture, this re­gion will grow the strong­est, how­ever not to the same ex­tent as in the past. A sig­nif­i­cant ap­pli­ca­tion area is prod­ucts for the con­struc­tion in­dus­try, such as pipes and ca­bles. In Asia-Pa­cific coun­tries, ex­tru­sion dom­i­nates as pro­cess­ing method, due to the high film pro­duc­tion and the strong con­struc­tion in­dus­try. How­ever, in North Amer­ica and West­ern Europe HDPE is mainly pro­cessed with blow mold­ing and in­jec­tion mold­ing.

In­clud­ing swing plants, which can pro­duce HDPE as well as LLDPE (lin­ear low-den­sity poly­eth­yl­ene), the global pro­duc­tion ca­pac­ity for HDPE ac­counted for around 57.5 mil­lion tons in 2014. For the com­ing years, nu­mer­ous HDPE fac­to­ries are planned and although there are still a few smaller providers, al­ready 57 per­cent of the global ca­pac­ity ac­count for the 15 largest com­pa­nies (in­clud­ing joint ven­tures).

HDPE out­put in West­ern Europe is likely to fall due to the clo­sure of pro­duc­tion sites and an ab­sence of ca­pac­ity in­creases but in all other world re­gions, pro­duc­tion will pre­sum­ably in­crease with the largest growth ex­pected in Asia, the Mid­dle East and North Amer­ica. Full de­tails here: cere­sana.com/en/mar­ket-stud­ies/plas­tics/polyethylene­hdpe/

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