According to
ChemAnalyst report, “Global Bimodal
HDPE Market: Plant Capacity, Production, Operating Efficiency, Demand &
Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade,
Customer & Price Intelligence Market Analysis, 2015-2030”,
global bimodal HDPE market has shown promising growth
in the past five years and is anticipated to achieve a CAGR of 5.25% during the
forecast period. Growing demand from the end user industries such as gas and
water pipelines, detergent bottles and food storage containers is expected to
drive the demand of bimodal HDPE for the forecast period. Moreover, the growing
demand of biodegradable plastics is expected to hinder demand growth during the
forecast period.
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info: https://www.chemanalyst.com/industry-report/bimodal-high-density-polyethylene-hdpe-market-583
Bimodal HDPE is
a type of HDPE which has both amorphous and crystalline regions. As a result,
it benefits from the bimodality by having strength and stiffness of HDPE and
high stress crack resistance and processability of a unimodal medium density
polyethylene. It is basically a mixture of low molecular weight HDPE and High
molecular weight HDPE. Bimodal HDPE has several properties including high
mechanical strength, durability, chemical resistance, light weight etc. Major
applications of bimodal HDPE are bimodal HDPE pipe, bimodal HDPE film, and
bimodal HDPE blow molding. The end user industries for bimodal HDPE are gas and
water pipelines, detergent bottles, food storage containers, bottle caps, etc.
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Bimodal HDPE is
basically a type of polyethylene having both crystalline and amorphous
properties. It is a mixture of high molecular weight HDPE and low molecular
weight HDPE. In 2020, the spread of COVID-19 in major global economies caused
nationwide lockdowns which had an impact on a number of industries. Detergent
and cleaners were among the most affected industries during the pandemic. This
had an impact on the demand of bimodal HDPE for the first half of 2020.
Therefore, the demand for bimodal HDPE grew during the coronavirus pandemic
from the detergents and cleaners bottles segment due to increased awareness
about health and hygiene.
Bimodal HDPE is
majorly related to ethylene hence the price is directly linked to the
fluctuations in the demand of crude oil. In the first half of FY20 sudden
outbreak of novel coronavirus followed by fall in in the demand of crude oil rendered
a major fall in the global bimodal HDPE, hence the prices remained low for bimodal
HDPE during the coronavirus pandemic. Demand has picked up in the recent
quarters and is projected to grow due to increasing demand from Asia Pacific
and North America.
Regionally, Asia
Pacific dominates the Global bimodal HDPE market and holds the largest market
share in FY20. Asia’s bimodal HDPE market is anticipated to grow in the
economies like China and India.
According to
ChemAnalyst report, Global Bimodal
HDPE Market: Plant Capacity, Production, Operating Efficiency, Demand &
Supply, Technology, Application, End Use, Distribution Channel, Region,
Competition, Trade, Customer & Price Intelligence Market Analysis,
2015-2030”, some of the
major players operating global bimodal HDPE market are The Dow Chemical
Company, Chevron Phillips Chemical Company, Saudi Basic Industries Corporation
(SABIC), Exxon Mobil Corporation, Dynalab Corp., LyondellBasell Industries
N.V., INEOS AG, SINOPEC Beijing Yanshan Company, PetroChina Company Ltd.,
Braskem, Formosa Plastics Corporation, Daelim Industrial Co. Ltd., Prime
Polymer Co. Ltd. and Mitsui Chemicals Inc and others.
“Being linked to
the packaging industry, the global bimodal HDPE industry has shown a robust
growth alongside growing population and changing consumer preference. China serves
as the key growth region with sufficiently installed capacities for bimodal
HDPE. With new competitors emerging
across the Asia Pacific bimodal HDPE market, players anticipate that there will
be sufficient supply demand gaps in future. At this, it is extremely important
to keep an eye which region will grab the biggest market share in the upcoming
years.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting
firm promoting ChemAnalyst.
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