HDPE demand in India to reach 6,064 KTPA by 2030, at a CAGR of 7.68%

24-Apr-19

Demand for High Density Polyethylene (HDPE) in India stood at 2,501 KTPA in 2018 and is projected to grow at a CAGR of 7.68% during 2019-2030 to reach 6,064 KTPA by 2030, as per ResearchAndMarkets.com.

Increasing use of HDPE in personal care and pharmaceuticals sectors is the key factor spurring the demand for HDPE. Rapid expansion of HDPE capacity in the country coupled with increasing demand for HDPE derived pipes, buckets and containers and wires & cables insulation is expected to drive the country's HDPE market during the forecast period.
Additionally, the demand for high density polyethylene pipes is fueled by its higher usage in agriculture for water supply, drainage and irrigation, owing to its enhanced properties such as corrosion resistant. The use of HDPE in blow molding for plastic production is also gaining popularity and preference in automotive, packaging, sports and other industries.

Some of the major players operating in the country's High Density Polyethylene (HDPE) market are Reliance Industries Limited, Indian Oil Corporation Limited, & GAIL India Limited.