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India High Density Polyethylene Market to Grow at a CAGR of 6.93% by FY2030 | ChemAnalyst

According to ChemAnalyst report, “India High Density Polyethylene (HDPE) Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”, The India High Density Polyethylene (HDPE) Market is likely to reach around 4500 thousand tonnes by FY2030, at a CAGR of 6.93% during the forecasted period. In FY2023, HPCL-Mittal Energy Limited (HMEL) started operation of a new petrochemical complex in Guru Gobind Singh Refinery at Bhatinda, Punjab. This complex has a dedicated line of 400 KTPA of HDPE and two swing facilities for LLDPE/HDPE with a combined capacity of 800 KTPA. The plant has a total HDPE Capacity of 1200 KTPA.

High density polyethylene (HDPE) is a plastic with a crystalline structure that is relatively rigid in nature. It has various qualities that make it the perfect material for packaging and manufacturing applications, including durability, cheap, and high ease of processing. It is more resilient than regular polyethylene and serves as a potent moisture barrier. In addition, it is immune to most of the chemicals, fungus, and pests. The niche applications of HDPE are  shampoo bottles, chemical pipe systems and containers, recycling bins, milk bottles, carry bags, liners for cereal boxes, toys, food cutting boards, flanges for water pipes (HDPE pipe grade), system for playgrounds, marine construction (bumpers, anti-skid surfaces, and pile guards),Prosthetics and orthotics, tank lines, chutes, and bins, outdoor furnishings and cupboards, etc.

Read Full Report Here: https://www.chemanalyst.com/industry-report/india-high-density-poly...

HDPE demand is anticipated to increase due to a surge in demand for high-density polyethylene pipes in agriculture for supplying water, and other agricultural activities like drainage and irrigation, owing to their remarkable corrosion resistance. Launch of Pradhan Mantri Krishi Sinchai Yojana (PMKSY) by the Government of India aimed at the development of irrigation sources in agricultural fields to escalate the demand for HDPE-derived pipes in the forecast period. The use of HDPE in blow molding for plastic production is also gaining popularity and preference in automotive, packaging, sports, and other industries.

The India High Density Polyethylene (HDPE) Market is segmented based on type, end-use, sales channel, and region. Based on type, the High Density Polyethylene (HDPE) market is segregated into Blow Molding, Raffia, HM/HDPE Film, Pipe, Injection Moulding, Monofilament, and others. Among these, Blow Molding is the leading type among all these types. Blow-molded HDPE offers desirable properties such as high tensile strength and temperature resistance for these applications. Other major applications of blow molding HDPE include chemical tanks, pharmaceutical bottles and lubricant packaging, etc.

Based on end-use, the India High Density Polyethylene (HDPE) market is divided into Containers & Bottles, Woven Sack & General Purpose Nets, Packaging Films, Pressure Pipes, Consumer Goods, and Others. Containers & Bottles is the leading consumer of HDPE in India and held roughly 24% of the HDPE market in FY2022. HDPE has a linear structure with a high density ratio. HDPE is a great material for blow-molding applications, especially for food and beverage containers because it doesn't leach into the contents of the bottles. HDPE is a great material for these essentially disposable items because it is also recyclable. Due to its strength and UV resistance, HDPE is also appropriate for outdoor applications like high-performance pipes and plumbing.

Read Full Report Here: https://www.chemanalyst.com/industry-report/india-high-density-poly...

India High Density Polyethylene (HDPE) market is segregated into four regions based on regional consumption: West, South, North, and South. As of FY2022, West India has been dominating the market followed by North India. West India consumed approximately 38% of the HDPE. The western region is expected to dominate the market through FY2030 due to the presence of leading polymer and plastic manufacturers located in these states coupled with the presence of shipping ports in these locations HPCL-Mittal Energy Limited (HMEL) is anticipated to start construction on its eagerly anticipated petrochemical complex in Guru Gobind Singh Refinery at Bhatinda which is estimated to be completed by FY2022. The new petrochemical complex has two swing facilities for LLDPE/HDPE with a combined capacity of 400 KTPA. The aim behind this plant is to increase the active supply of raw materials in the context of the steadily rising demand for plastics over the historic period.

 “India High Density Polyethylene (HDPE) Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, Type, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030” Major players in the India High Density Polyethylene (HDPE) market are Reliance Industries Ltd., GAIL (India) Limited, Haldia Petrochemicals Limited, Indian Oil Corporation Limited, ONGC Petro additions Limited, Brahmaputra Cracker and Polymers Limited, and HPCL-Mittal Energy Limited (HMEL).

 

“The rapidly increasing demand of High Density Polyethylene (HDPE) to manufacture Containers & Bottles, Woven Sack & General Purpose Nets, Packaging Films, Pressure Pipes, and Consumer Goods is expected to boost the India High Density Polyethylene (HDPE) Market in the forecast period until FY2030. Blow-moulded HDPE is the prominent type of HDPE and used in various industries such as automotive, packaging, sport, and other industries, all favouring and using HDPE. With the growing demand of plastic coupled with rapid industrialization, demand-supply gap is providing new companies with a lucrative chance to enter the market and fulfil HDPE demand in India. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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