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The PPR and HDPE market size is estimated to grow at a CAGR of 6.21% between 2023 and 2028. The market size is forecast to increase by USD 28.54 billion. The growth of the market depends on several factors, including the rising demand for metallocene-based polyolefins, the rise in demand for medical equipment, and the rising demand for packaging and labeling solutions with high clarity and transparency.
The report offers extensive research analysis on the PPR and HDPE Market, with a categorization based on Type, including HDPE and PPR. It further segments the market by Application, encompassing packaging, healthcare, construction, and others. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
PPR is a type of thermoplastic polymer that is known for its exceptional heat resistance, chemical inertness, and high impact strength. It is commonly utilized in the construction of piping systems for hot and cold-water distribution, as well as in industrial applications, due to its ability to withstand high temperatures and corrosive chemicals. On the other hand, HDPE is a robust and versatile thermoplastic known for its excellent moisture and chemical resistance, as well as its impact strength. HDPE finds widespread use in diverse applications, such as pipes for water and gas distribution, packaging for chemicals and food products, and various other industrial and agricultural purposes.
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One of the key factors driving the PPR and HDPE market growth is the rising demand for packaging and labeling solutions with high clarity and transparency. There has been an increase in demand for packaging and labeling solutions in the global PPR (polypropylene random copolymer) and high-density polyethylene (HDPE) market that offer high clarity and high transparency characteristics, reflecting the growing preference for visually appealing and functional packaging across various industries. In addition, this rising demand is growing consumer preference for products that offer visibility of the contents along with transparency is fuelling the market growth. Moreover, this rising trend has led to an increased focus on the use of packaging and labeling materials that provide excellent clarity and transparency, allowing consumers to see the contents of the packaging. Such factors is expected to drive the market growth during the forecast period.
A key factor shaping the PPR and HDPE market growth is the advancements in material science and PPR and HDPE manufacturing processes. There are several advancements in material science and manufacturing processes have impacted the global PPR and HDPE market significantly, resulting in the development of new formulations, additives, and production techniques that have revolutionized the properties and applications of these materials. For instance, the incorporation of nucleating agents and impact modifiers into PPR formulations has resulted in materials with improved crystallinity, impact strength, and thermal stability. Moreover, these advancements have expanded the potential applications of PPR in diverse end-user industries, such as automotive, construction, and medical, where these materials now offer greater durability and functionality. Hence, such factors are driving the market growth during the forecast period.
Fluctuating cost of crude oil prices is one of the key challenges hindering the PPR and HDPE market growth. The main suppliers of raw materials to the global PPR and HDPE market are the oil and gas industry. Therefore, fluctuations in global crude oil prices adversely affect raw material prices, thereby increasing the cost of PPR and HDPE. Moreover, the fluctuations in global crude oil prices in recent years have compelled players operating in the oil and gas industry to implement cost-cutting measures, such as workforce layoffs and rig idling. For instance, Brent Global estimated that global crude oil prices were USD63.65 per barrel in January 2020, which declined significantly to USD18.38 per barrel in April 2020. Hence, such fluctuations are hindering the market growth during the forecast period.
The HDPE segment is estimated to witness significant growth during the forecast period. This segment is a thermoplastic polymer known for its high strength, durability, and chemical resistance, making it a preferred choice in end-user industries such as construction, packaging, automotive, and agriculture. In addition, in the construction industry, HDPE pipes are used extensively for various applications such as water and gas distribution, sewage systems, and drainage systems.
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The HDPE segment was the largest segment and was valued at USD 60.90 billion in 2018. Moreover, the exceptional tensile strength, corrosion resistance, and flexibility of HDPE pipes make them highly suitable for underground and above-the-ground installations in construction projects. In addition, the use of HDPE geomembranes in landfill lining, mining applications, and environmental containment solutions further underscores the importance of the HDPE segment of the global PPR and HDPE market. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the application, the segment is classified into packaging, healthcare, construction and others. The packaging segment of the global PPR and HDPE market plays a crucial role in catering to the diverse needs of industries such as food and beverage, healthcare, personal care, and industrial goods. In addition, both PPR and HDPE offer unique properties that make them well-suited for packaging applications, ranging from rigid containers to flexible packaging. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Some of the main countries in APAC which are contributing to the market growth in the region include India and China. Factors such as the growth in construction and irrigation activities and increasing funding from governments for the development of efficient water supply systems are driving the demand for PPR and HDPE in APAC. In addition, China and India together account for about 37% of the overall global population. Moreover, the presence of such a large population has increased the demand for food and water in these countries, which has led their governments to invest significantly in infrastructural projects related to the development of irrigation facilities and municipal water supply systems. Hence, such factors are driving the market growth in APAC during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Dow Chemical Co: The company offers PPR and HDPE products through its subsidiary Chevron Phillips Chemical for a wide range of applications including pressure pipe, soap and detergent bottles, flexible packaging, coating and laminations, films, and more.
The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
aquatherm, Chevron Corp.,Eni SpA, Exxon Mobil Corp., Formosa Plastics Corp., Georg Fischer Ltd., Harwal Group, HURNER Schweisstechnik Gulf L.L.C, Hyosung TNC Corp., Indian Oil Corp. Ltd., INEOS Group Holdings SA, Lotte Corp., LyondellBasell Industries N.V., MOL Group, NUPI INDUSTRIE ITALIANE SpA, OMV Aktiengesellschaft, Orbia Advance Corp. SAB de CV, Reliance Industries Ltd., Sasol Ltd., Saudi Basic Industries Corp., Siam Cement PCL, TotalEnergies SE, agru Kunststofftechnik Gesellschaft mbh, Entec Polymers, Petro Plus Chemical, and Wienerberger AG
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The PPR and HDPE market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 - 2028.
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PPR and HDPE Market Scope |
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Report Coverage |
Details |
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Page number |
187 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.21% |
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Market Growth 2024-2028 |
USD 28.54 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.93 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 45% |
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Key countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
aquatherm, Chevron Corp., Dow Chemical Co., Eni SpA, Exxon Mobil Corp., Formosa Plastics Corp., Georg Fischer Ltd., Harwal Group, HURNER Schweisstechnik Gulf L.L.C, Hyosung TNC Corp., Indian Oil Corp. Ltd., INEOS Group Holdings SA, Lotte Corp., LyondellBasell Industries N.V., MOL Group, NUPI INDUSTRIE ITALIANE SpA, OMV Aktiengesellschaft, Orbia Advance Corp. SAB de CV, Reliance Industries Ltd., Sasol Ltd., Saudi Basic Industries Corp., Siam Cement PCL, TotalEnergies SE, agru Kunststofftechnik Gesellschaft mbh, Entec Polymers, Petro Plus Chemical, and Wienerberger AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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