Quick Summary:
In the ever-expanding world of plastics technology, the global demand for Bimodal HDPE, an extremely durable, chemically resistant variation of high density polyethylene, is rapidly accelerating. This upsurge in demand is driven by its diverse practical applications, ranging from the construction of gas and water pipelines to the manufacturing of detergent bottles and food storage containers. Furthermore, Bimodal HDPE's unique mechanical strength, lightweight properties, and high stress crack resistance denote its superiority over unimodal medium density polyethylene, adding to its growing appeal.
This detailed market research report comprehensively reviews the global Bimodal HDPE industry, from its production to demand and supply scenarios. It identifies the growth drivers and challenges within the market, as well as the significant competitive developments, including expansions, new product launches, and more. Notably, the leading players involved in the manufacturing of Bimodal HDPE, including major corporations like The Dow Chemical Company and Exxon Mobil Corporation, are scrutinized as well. This study aims to assist industry stakeholders in making strategic investment decisions and leveraging growth opportunities within the Bimodal HDPE industry.
Global bimodal HDPE demand stood at around 17.8 Million Tonnes in 2022 and is forecast to reach 27.2 Million Tonnes by 2032, growing at a healthy CAGR of 4.80% until 2032.Global Bimodal Hdpe Demand is Projected to Grow at a Healthy CAGR of 5.25%.
Bimodal HDPE is a type of HDPE that has both amorphous and crystalline regions. As a result, it benefits from the bimodality by having strength and stiffness of HDPE and high stress crack resistance and processability of a unimodal medium density polyethylene. It is a mixture of low molecular weight HDPE and High molecular weight HDPE. Bimodal HDPE has several properties including high mechanical strength, durability, chemical resistance, lightweight, etc. Major applications of bimodal HDPE are bimodal HDPE pipe, bimodal HDPE film, and bimodal HDPE blow molding. The end-user industries for bimodal HDPE are gas and water pipelines, detergent bottles, food storage containers, bottle caps, and others. Growing demand from the end-user industries such as gas and water pipelines, detergent bottles, and food storage containers is expected to drive the demand for bimodal HDPE for the forecast period. Moreover, the growing demand for biodegradable plastics is expected to hinder demand growth during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on several industries. Detergents and cleaners were among the most affected industries during the pandemic. This had an impact on the demand for bimodal HDPE for the first half of 2020. Therefore, the demand for bimodal HDPE grew during the coronavirus pandemic from the detergents and cleaners bottles segment due to increased awareness about health and hygiene.
Region-wise, Asia-pacific region holds the major share of global demand for bimodal HDPE due to the increasing demand of application industries such as detergents and cleaners. Moreover, the increasing number of products using bimodal HDPE is another factor influencing demand growth in Asia-Pacific.
Years considered for this report:
- Historical Period: 2015-2022
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2024-2032
Objective of the Study:
- To assess the demand-supply scenario of bimodal HDPE which covers production, demand and supply of bimodal HDPE market globally.
- To analyse and forecast the market size of bimodal HDPE .
- To classify and forecast global bimodal HDPE market based on end-use, sales channel and regional distribution.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global bimodal HDPE market.
- To identify leading players involved in the manufacturing of bimodal HDPE.
To extract data for global bimodal HDPE market, primary research surveys were conducted with bimodal HDPE manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, the publisher was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, the report analyzes various end user segments and projected a positive outlook for Global bimodal HDPE market over the coming years.
The publisher calculated bimodal HDPE demand globally by analyzing the historical data and demand forecast which was carried out considering bimodal HDPE prices, materials used for production of bimodal HDPE . The publisher sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by the publisher.
Key Target Audience:
- bimodal HDPE manufacturers and other stakeholders
- Organizations, forums and alliances related to bimodal HDPE distribution
- Government bodies such as regulating authorities and policy makers
Report Scope:
In this report, global bimodal HDPE market has been segmented into following categories, in addition to the industry trends which have also been detailed below:- Market, by End Use- Gas and Water Pipeline, Detergent Bottles, Food Containers, Bottle Caps, and others
- Market, by Sales Channel-Direct Sales, Indirect Sales
- Market, by Region-North America, APAC, Europe, MEA, South America
Available Customisations
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Table of Contents
1. Industry Market Size
2. Capacity By Company
3. Capacity By Location
4. Plant Operating Efficiency [Quarterly Update]
5. Production By Company [Quarterly Update]
6. Demand by End- Use [Quarterly Update]
7. Demand by Region
8. Demand by Sales Channel (Direct and Indirect)
10. Demand-Supply Gap
11. Company Share
12. Manufacturing Process
13. Pricing Analysis & Forecast
Methodology
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