HDPE production forecast to rebound in North America; Western Europe in decline


Global demand for high-density polyethylene (HDPE) is expected to grow 4.2% on an average annual basis through 2022, with Asia Pacific remaining the largest consumer of the material, says market research firm Ceresana (Constance, Germany). North American exports of HDPE will rebound during the study period, whereas Western Europe increasingly will become an importer because of the closure of production sites and lack of capacity increases, according to Ceresana, which has just published the third edition of its global HDPE market study.

A versatile material used in everything from milk containers and water pipes to fireworks, HDPE achieved global sales of $61.8 billion in 2014, according to Oliver Kutsch, Manager, Ceresana. Given the projected 4.2% growth rate, HDPE sales are expected to total $85.8 billion by 2022.

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