Widespread use of HDPE in liquid food packaging, sterile packaging, automobiles, acceptance of recycled high-density polyethylene, innovative packaging designs and technological advancements are expected to spur growth in HDPE market. Worldwide consumption of HDPE is projected to be around 83.8 billion pounds in 2012.
HDPE is the world's third-largest commodity plastic resin after polyvinyl chloride and polypropylene. Increasing affluence of developing countries including most Asian countries, Middle East and other parts of the world is driving demand for thermoplastics such as polyethylene, polypropylene and other plastics. Unique features of HDPE including environment friendly, excellent flexibility, wide range of designs, and cost-effectiveness have turned the material into standard polymer of choice in manufacturing bottles, particularly for packaging liquids such as lubricants, detergents and dairy products. Widespread use of HDPE in liquid food packaging, sterile packaging, automobiles, growing acceptance of recycled material, innovative packaging designs, and technological advancements such as introduction of metallocene, single-site, and other specialized catalysts are expected to fuel growth in consumption. United States HDPE market is expected to reach 19.5 billion pounds by 2010, as per Global Industry Analysts, Inc. Asia-Pacific accounts for nearly 35% of the global high density polyethylene market. Global consumption of HDPE in blow molding is expected to grow at a compounded annual rate of nearly 4.5% over the period 2001-2010.