High performance polyethylene Market to Register Substantial Expansion by 2027

1. High Performance Polyethylene Market to Witness Widespread Expansion by 2027 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.  Is something restraining your company’s growth in the High Performance Polyethylene Market? Ask for the report brochure here 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 & 

2. 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.  To Get a Bird’s Eye View of High Performance Polyethylene Market Forecast, Ask for a Custom Report 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 

3. Asahi Kasei  Sabic  Mitsui Chemicals, Inc.  Artek, Inc.  REQUEST FOR COVID19 IMPACT ANALYSIS – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19& rep_id=73536 About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.” Contact Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com