Global HDPE market estimated to grow at CAGR of 7.9% from 2014 to 2019

13-Apr-15

The market value of the global high density polyethylene market as of 2013 was US$57489.4 mln and is estimated to reach US$91457.2 mln by 2019, to grow at a CAGR of 7.9% from 2014 to 2019, as per Micromarketmonitor.com. The Asia-Pacific region is expected to dominate this market with its growing demand for HDPE in different applications, especially in the automotive, packaging, footwear, electronics, mechanical, and other industries. The North American HDPE market is estimated to display rising growth in the next five years with allied industries expected to stabilize the overall business needs in respective regions. icromarketmonitor.com The key players in the global HDPE market are Abu Dhabi Polymer Co. Ltd. (UAE), Borealis AG (Austria), Chevron Phillip Chemical Company LLC (U.S.), China National Petroleum Corporation (China), ENI S.P.A (Italy), LyondellBasel Industries NV (the Netherlands), and others.