Asia-Pacific demand for HDPE to drive global market
12:00 AM @ Monday - 01 January, 1900
Today the developed economies of Europe and the USA have reached a standpoint on the polyethylene high density (HDPE) markets - the indexes are resting at the saturation level according To Merchant Research & Consulting Ltd. These countries are the key exports of HDPE to the emerging economies of the Asia-Pacific region. Here the demand is astonishingly high and is believed to drive the total global HDPE market in future. The world demand is forecast to grow at the lavish 6-7% annually in the coming 5 years. Among the major HDPE application industries there are the packaging and construction sectors - they are the key drivers of the demand. Thanks to the vast infrastructure development and the changing lifestyles these industries are expanding fast mainly in the developing countries. Another driving factor of the HDPE market is the competitiveness of the material opposing to the discredited PVC, and its compliance with new technologies that are being introduced.