High Performance Polyethylene Market: Introduction

  • High performance polyethylene (HPPE) is a long chain of polyethylene molecules arranged in the same direction. These molecules are bonded together by the van der Waals forces. This provides strength to the backbone of the polymer through strong intermolecular interactions.
  • HPPE possesses properties such as high impact strength; and high resistance to strong acids, bases, and organic solvents. It also has low coefficient of friction. As a result, HPPE is employed in various applications, ranging from metal protection and lubrication of machinery in the food & beverages industry to pharmaceutical applications as a component of ointments and barrier creams.

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Key Drivers and Restraints of Global High Performance Polyethylene Market

  • Increase in demand for HPPE in the military & defense industry is a major driver of the HPPE market. HPPE absorbs extremely high amount of energy; hence, it is used for the production of ballistic protection equipment. It has high tensile strength, which provides impact strength to glass or carbon fibers. Thus, demand for HPPE is high in the military & defense industry.
  • High abrasion resistant quality makes HPPE wear and tear free; hence, it is used in a wide variety of applications, including reinforcement of glass, packaging, sports equipment, concrete reinforcement, protective coating, and medical purposes. Thus, growth in various industries such as packaging, pharmaceutical, electronics, and commercial is boosting the high performance polyethylene market.
  • HPPE has low melting point and is difficult to recycle. These factors are restraining the HPPE market. Rise in environmental awareness and increase in stringent governmental rules and regulations about environmental issues such as pollution and recycling of plastic are anticipated to hamper the high performance polyethylene market.

Global High Performance Polyethylene Market: Segmentation

  • The global high performance polyethylene market can be segmented based on application and end-user industry
  • Based on application, the global HPPE market can be divided into protective coating, cable & ropes, concrete enforcement, reinforcement of glass, sports equipment, impact shield, medical products, and others. Protective coating and impact shield segments are estimated to dominate the market during the forecast period. 
  • In terms of end-user industry, the global high performance polyethylene market can be classified into military & defense, textile, food & beverages, automobile, electrical & electronic, chemical, pharmaceutical and others. The military & defense segment is projected to expand at the maximum CAGR during the forecast period. HPPE absorbs high amount of energy; therefore, it is largely used in the military & defense segment. This is driving the military & defense segment of the global market.

Global High Performance Polyethylene Market: Regional Segmentation

  • Based on region, the global high performance polyethylene market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • North America dominated the global high performance polyethylene market in 2018. The market in the region is expected to expand at a significant pace during the forecast period, due to the high demand for HPPE in the U.S. and Canada. The U.S. is one of the largest manufacturers of military and defense equipment across the globe,. It is expected to lead the global market during the forecast period.
  • The market in Asia Pacific is likely to expand at a significant CAGR during the forecast period, as demand for HPPE is high in various industries in countries such as China, Japan, and India due the rapid industrialization.
  • The market in Europe is expected to expand at a steady CAGR during the forecast period. France, U.K., and Germany are likely to lead the market in Europe during the forecast period.

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Key Developments

  • In September 2019, TEIJIN LIMITED commenced operations of the ASEAN plant and technical center at Teijin Corporation (Thailand) Limited, Thailand. The company also has plants in China and Japan. Through the three hubs in Asia, the company aims to meet the global demand for new resin compounds.
  • In May 2018, DSM invested significantly to install new UD technology at its plant in the Netherlands, and in the Greenville plant, the U.S. The company is estimated to improve the existing production lines in order to expand its HPPE capacity. This move is projected to boost the global production capacity of Dyneema UD by more than 20%.

Key Players Operating in Global High Performance Polyethylene Market:

  • DuPont
  • TEIJIN LIMITEDDSM
  • Dow
  • DSM
  • Celanese
  • LyondellBasell
  • Braskem
  • Asahi Kasei
  • Sabic
  • Mitsui Chemicals, Inc.
  • Artek, Inc.

Global High Performance Polyethylene Market: Research Scope

Global High Performance Polyethylene Market, by Application

  • Protective Coating
  • Cables And Ropes
  • Concrete Enforcement
  • Reinforcement Of Glass
  • Sports Equipment
  • Impact Shield
  • Medical Products
  • Others

Global High Performance Polyethylene Market, by End-user Industry

  • Military & Defense
  • Textile Industry
  • Food & Beverages
  • Automobile
  • Electrical & Electronic
  • Chemical
  • Pharmaceutical
  • Others

Global High Performance Polyethylene Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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