High density polyethylene ( HDPE ) is the hardest and least elastic polyethylene. This hard plastic has a wide range of applications, such as rigid containers and pipes, as well as a variety of everyday household items such as bottles, clothespins or dishwashing handles. According to the latest report released by market research group Ceresana, global demand for high-density polyethylene (HDPE) will grow at an average annual rate of 2.7% by 2024.
The Asia Pacific region is by far the largest consumer of high-density polyethylene (HDPE), accounting for approximately 45% of the global market. The region will see dynamic growth in the next 8 years, and the growth will be different from the past. The report also pointed out that the growth in Western Europe has been reversed. The market for high-density polyethylene has only grown slightly in the past, and it is speculated that it will grow at a higher rate in the future.
The most important processing methods for high density polyethylene (HDPE) are extrusion, blow molding and injection molding. Extrusion is the most important processing method. In 2016, nearly 11 million tons of high-density polyethylene was processed by extrusion. Ceresana predicts that in the next 8 years, high-density polyethylene will be processed into pipes and profiles by extrusion, with an annual growth rate of 3.3%. In 2016, high density polyethylene was mainly used in the production of hard packaging. Almost 28% of the world's high-density polyethylene is processed into butter dishes, yogurt cups, trays, bottles, boxes and caps. Another important area of ​​application is products in the construction industry, such as pipes and cables. The report also pointed out that the demand for high-density polyethylene in the construction industry is expected to be particularly active.
Wood Entry Door,Modern Villa Gate,Wooden Doors,Front Door
Foshan City JBD Home Building Material Co.,Ltd. , https://www.jbdhome.com