London, 24 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global high density polyethylene market 2015-2019, which is expected to witness steady growth at a CAGR of 5.08% during the forecast period of 2014-2019.
With replacement of rigid containers by more flexible options, the demand for polyethylene is increasing. This is particularly seen in APAC, where the region is developing rapidly and individuals have more disposable income, which in turn is increasing the consumption of polyethylene.
“By using swing technology, HDPE and LLDPE can be produced using the same production line. This increases the productivity of the plant,” says Faisal Ghaus, Vice President of Technavio.
“With swing technology the supply of HDPE and LLDPE in the market will increase. LyondellBasell’s Spherilene and INEOS’ Innovene G are swing technologies.”
Key Market Drivers
- Increased Demand from Packaging Industry
- Technology Enhancements
- Demand in Emerging Economies
Key Market Trends
- Increase in Trade
- New Capacity Addition in China
- More Players
- Increased Usage of Swing Technology
Key Market Vendors
- The Dow Chemical Company
- ExxonMobil Chemical Corp.
- LyondellBasell NV
- Saudi Basic Industries Corp. (SABIC)
- Sinopec Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
