The global high-performance polyethylene market size was valued at $1.1 billion in 2020, and is projected to reach $2.6 billion by 2030 growing at a CAGR of 9.1% from 2021 to 2030.
High-performance polyethylene (HPPE) consists of a long chain of polyethylene molecules which are arranged in the same direction. The long chain of polyethylene molecules is bonded together by the van der Waals forces, which provides strength to the backbone of the polymer through strong intermolecular interactions. High-performance polyethylene (HPPE) possesses several beneficial properties such as high resistance to strong organic solvents, acids & bases, and high impact strength. High-performance polyethylene also has low coefficient of friction due to which high-performance polyethylene is employed in various applications, such as lubrication of machinery in the food & beverages industry, metal protection, pharmaceutical applications, and others. High-performance polyethylene is expected to possess high growth throughout the forecast period due to increased demand for high-performance polyethylene in end use industries such as food & beverage, construction, automotive, and others. High-performance polyethylene materials are increasingly replacing traditional materials in products like pipes, wires, and insulation. Demand for building and construction high-performance polyethylene is expected to expand at a very fast pace with the increase in urbanization. According to Gulf Petrochemical & Chemical Association, the global packaging industry is expected to grow by 4% per year by 2025, driven by the increase in use of plastic packaging in food, beverages, personal care, healthcare, and consumer electronics industries thereby creating increased growth opportunities for the high-performance polyethylene market during the forecast period. High-performance polyethylene is also used for the production of protection equipment used in military and defenses as it possess high tensile strength and provides impact strength to glass or carbon fibers.
Low melting point and being difficult to recycle are the key restraining factors for the high-performance polyethylene market. Increase in environmental awareness and stringent governmental rules and regulations regarding environmental issues like pollution and recycling of plastic are anticipated to hamper the growth of the high-performance polyethylene market.
By Application
Protective Coating is projected as the most lucrative segment.
The high-performance polyethylene market is segmented on the basis of application, end use industry, and region. The applications covered in the study include protective coating, cables and ropes, concrete enforcement, sports equipment, medical equipment and others. The end-use industry covered in the study include automobile, electrical & electronic, chemical, pharmaceutical, food & beverages, military & defense, textile industry, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and North America.
By End Use Industry
Food & Beverage is projected as the most lucrative segment.
The major companies profiled in this report include TEIJIN LIMITED, DSM, Dow Chemical Company, Celanese, LyondellBasell, Braskem, Asahi Kasei Corporation, Sabic, Mitsui Chemicals, Inc. and Artek, Inc. The prominent high-performance polyethylene manufacturers across the globe are investing into new innovation production techniques in order to increase production capacity for high-density polyethylene. For instance, In May 2018, DSM installed new Uni Directional (UD) technology at its plant in the Netherlands, and in the Greenville plant, the U.S to improve the existing production lines in order to expand its high-performance polyethylene capacity. This move is projected to boost the global production capacity of the company by more than 20%.
By Region
Asia Pacific holds a dominant position in 2020
Key findings of the study
- By region, the Asia-Pacific high-performance polyethylene market is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period.
- By application, the protective coating segment accounted for the largest high-performance polyethylene market share in 2020 as per high-performance polyethylene market analysis.
- By end-use industry, the food & beverage segment accounted for the largest high-performance polyethylene market share in 2020 as per high-performance polyethylene market analysis.
Impact Of Covid-19 On The Global High-performance Polyethylene Market
- Emergence of COVID-19 had a positive impact on the growth of the global high-performance polyethylene market for a short period.
- Increased demand for personal protective equipment (PPE) which are composed of plastics has played crucial role in protecting people during the COVID-19 pandemic.
- However, there is a growing concern over the unparalleled increase in single-use plastics (SUPs) including protective medical suits, gloves, hand sanitizer bottles, masks, food & polyethylene goods packages, and medical test kits since the coronavirus pandemic began. This is also depicted to provide positive impact toward the growth of the high-performance polyethylene market.
- Thus, the abovementioned factors are expected to boost the global high-performance polyethylene market growth in current times.
Key Market Segments
By Application
- Protective Coating
- Cables And Ropes
- Concrete Enforcement
- Sports Equipment
- Medical Equipment
- Others
By End-Use Industry
- Automobile
- Electrical & Electronic
- Chemical
- Pharmaceutical
- Food & Beverages
- Military & Defense
- Textile Industry
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key players in the global high-performance polyethylene market are:
- TEIJIN LIMITED
- Dow Chemical Company
- DSM
- Celanese
- LyondellBasell
- Braskem
- Asahi Kasei Corporation
- Sabic
- Mitsui Chemicals, Inc.
- Artek, Inc.
High-Performance Polyethylene Market Report Highlights
| Aspects | Details |
 By Application |
|
 By End-Use Industry |
|
 By Region |
|
 Key Market Players | ASAHI KASEI CORPORATION, LYONDELLBASELL, MITSUI CHEMICALS, INC., DOW CHEMICAL COMPANY, TEIJIN LIMITED, SABIC, CELANESE CORPORATION, BRASKEM, ARTEK, INC., DSM |
Analyst Review
The high-performance polyethylene market is expected to observe increased demand throughout the forecast period, due to rapid growth of military & defense industry and surge in food & beverage industry across the globe during the forecast period.
Several negative factors such as low melting point, being difficult to recycle, and stringent government regulations toward the use of plastics and plastic based products are likely to hamper the sales of high-performance polyethylene market during the forecast period. However, increase in demand for high-performance polyethylene in several end-use applications such as such as concrete reinforcement, packaging, reinforcement of glass, protective coating, sports equipment, medical purposes, and others are some of the key factors predicted to support high growth of the high-performance polyethylene market throughout the forecast period. In addition, increase in investments in infrastructure projects and construction activities throughout the globe is expected to drive the growth of the global high-performance polyethylene market demand throughout the forecast period.
The COVID-19 pandemic has positively impacted the global high-performance polyethylene market for a short span due to increased demand for personal protective equipment (PPE), which are composed of plastics. This has played crucial role in protecting people during the COVID-19 pandemic thereby positively impacting the high-performance polyethylene market.
Moreover, key players across the globe have plans to establish high-performance polyethylene production capacities and are rapidly expanding their global footprints to meet relative market share across the globe
Rise in the demand for food & beverages and textile industries, increase in demand for waterproofing and protective coatings in automotive industries are key driving factors in the High-Performance Polyethylene market
High-Performance Polyethylene market prediction in the 2028 is to reach $ 2,173.8 Mn
TEIJIN LIMITED, DSM, Dow Chemical Company, Celanese, LyondellBasell, Braskem, Asahi Kasei Corporation, Sabic, Mitsui Chemicals, Inc. and Artek, Inc.
Food & beverage industry is projected to increase the demand for high performance polyethylene Market
The high-performance polyethylene market is segmented on the basis of application, end use industry, and region. The applications covered in the study include protective coating, cables and ropes, concrete enforcement, sports equipment, medical equipment and others. The end-use industry covered in the study include automobile, electrical & electronic, chemical, pharmaceutical, food & beverages, military & defense, textile industry, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Increased demand for high-performance polyethylene in end use industries such as food & beverage, construction, automotive, and other industries is the main factor driving the growth of high-performance polyethylene market.
Protective coating, cables and ropes, concrete enforcement, sports equipment, medical equipment, and others.
Emergence of COVID-19 had a positive impact on the growth of the global high-performance polyethylene market for a short period. Increased demand for personal protective equipment (PPE) which are composed of plastics has played crucial role in protecting people during the COVID-19 pandemic.
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