TPi March 2020

Business & market news

Solid plastic: New Ceresana report about the global market for high density polyethylene (HDPE)

injection moulding, blow moulding, extrusion and other technologies. Chapter three provides useful company profiles of the most important HDPE producers, clearly arranged according to contact information, turnover, profit, product range, production site, capacity and profile summary. Extensive profiles of 83 producers are provided – Braskem SA, Chevron Phillips Chemical Co. LLC, China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corp (Sinopec Corp), ExxonMobil Corporation, Formosa Plastics Group, Ineos Holdings Ltd, LyondellBasell Industries NV, National Petrochemical Company (NPC), Saudi Basic Industries Corp (SABIC), Siam Cement Public Co Ltd., and Total SA. To read the full report, visit: https://www.ceresana.com/en/ market-studies/plastics/polyethylene-hdpe/ Ceresana www.ceresana.com

High density polyethylene (HDPE) ranks among the most sold plastics and its demand continues to increase. “HDPE is the polyethylene type with the highest strength and the lowest flexibility” explains Oliver Kutsch, the CEO of the market research company Ceresana. “The strong and somewhat hard plastic is suitable for a large spectrum of uses: for rigid containers and pipes, as well as for films and a multitude of products for the transportation and electronic industry.” Ceresana has recently published its fifth extensive report about the global market for HDPE, which shows that there is expected to be an increase of HDPE demand by an average of 2.9 per cent per year worldwide, by 2026. The sectors pipes, packaging films as well as heavy-duty industry sacks are among the most dynamic growing markets. The Asia-Pacific Region is by far the biggest consumer of HDPE with a market share of 48 per cent. The most important technology for processing HDPE is extrusion, injection moulding and blow moulding. In 2018, more than 11mn tonnes of HDPE have been processed worldwide in the film and sheet extrusion. Blow moulding and injection moulding followed in second and third place. Ceresana’s analysts expect, that the processing of pipes and profiles through extrusion will achieve the highest growth rate in the coming eight years, with four per cent per year. HDPE is needed in a wide range of products but with a market share of roughly 48 per cent, a majority relates to the packaging industry. In 2018, this plastic was most commonly used for the production of rigid packaging: 5.9mn tons HDPE was processed for the transport and industry containers alone. But nearly 21 per cent of the global consumption relates to flexible packaging like films, sack and bags. Chapter one provides a detailed description and analysis of the global market for HDPE – including forecasts until 2026: The development of demand, revenues as well as the development of production will be depicted for each region. Furthermore, the application areas of HDPE will be examined: Packaging films, bags and sacks, heavy duty and industry sacks, beverage containers, industry and transport containers, pipes, construction industry, transportation, industry, electric and electronic and other applications. In Chapter two, the 29 most important countries for the HDPE market – from Germany and the EU to South Africa, from America to Asia – will be looked at individually. Depicted will be the demand, revenues, trade, production and capacities. Demand and revenues will be broken down for the individual application areas as well as for the processing technologies,

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