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The Asia Pacific high density polyethylene (HDPE) market reached approximately 34.96 Million Tons in 2024. The market is projected to grow at a CAGR of 2.50% between 2025 and 2034 to reach a volume of around 44.75 Million Tons by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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A memorandum of understanding (MOU) for a collaboration in the Asia Pacific region was signed by Dow Inc. and SCG Chemicals (SCGC) on May 16, 2024. They aim to convert 200KTA of plastic waste into circular products by 2030.
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As per Asia Pacific high density polyethylene (HDPE) industry analysis, in January 2024, researchers from Thailand announced the development of a technique for the conversion of wasteful HDPE milk bottles into high-stiffness composites.
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The Bureau of Customs (BOC) imposed a second-year safeguard duty on HDPE pellets in January 2024. It is anticipated that the safety measure will not apply to imported HDPE grades that are intended for use in the production of wire and cable coatings.
Asia Pacific High Density Polyethylene (HDPE) Market Size
The Asia Pacific high density polyethylene (HDPE) market reached approximately 34.96 million tons in 2023. The market is projected to grow at a CAGR of 2.50% between 2024 and 2032 to reach a volume of around 43.66 million tons by 2032.
Asia Pacific High Density Polyethylene (HDPE) Market Outlook
- A memorandum of understanding (MOU) for a collaboration in the Asia Pacific region was signed by Dow Inc. and SCG Chemicals (SCGC) on May 16, 2024. They aim to convert 200KTA of plastic waste into circular products by 2030.
- As per Asia Pacific high density polyethylene (HDPE) industry analysis, in January 2024, researchers from Thailand announced the development of a technique for the conversion of wasteful HDPE milk bottles into high-stiffness composites.
- The Bureau of Customs (BOC) imposed a second-year safeguard duty on HDPE pellets in January 2024. It is anticipated that the safety measure will not apply to imported HDPE grades that are intended for use in the production of wire and cable coatings.
Asia Pacific High Density Polyethylene (HDPE) Market Report Snapshots
Asia Pacific High Density Polyethylene (HDPE) Market Size
Asia Pacific High Density Polyethylene (HDPE) Market Growth
Asia Pacific High Density Polyethylene (HDPE) Market Share
Asia Pacific High Density Polyethylene (HDPE) Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
It is estimated that the market reached approximately 34.96 Million Tons in 2024.
The market will likely grow at a CAGR of 2.50% in the forecast period between 2025 and 2034.
The market is projected to reach a volume of around 43.66 million tons by the year 2034.
The major drivers of the market include the growing demand of HDPE from packaging industry, construction industry and automobile industry and the growing usage of HDPE in industrial liners and carrier bags.
A key trend in the market is the increased use of HDPE in industries and machinery due to their lower environmental impact.
Based on application, the market is segmented into film and sheet, injection moulding, blow moulding, wire and cables, pipes and tubes, and others.
Dow Inc., Exxon Mobil Corporation, LyondellBasell Industries N.V, TotalEnergies SE, Saudi Basic Industries Corporation (SABIC), INEOS AG, Haldia Petrochemicals Limited, Mitsui Chemicals Inc., Lotte Chemical Corp., LG Corp., Indian Oil Corporation Ltd., Borealis AG, and others are the key players in the market.
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