(MENAFN- EIN Presswire) EINPresswire/ -- The global high-performance polyethylene (HPPE) market is experiencing robust growth, driven by rising demand from the electronics, electrical, and textile industries, along with the increasing need for food and agrochemical products worldwide. Europe dominated the market in 2020, accounting for nearly one-third of global share. The Covid-19 outbreak temporarily boosted HPPE consumption due to heightened demand for PPE and disposable plastic materials.

According to a report by Allied Market Research, the global HPPE market was valued at $1.1 billion in 2020 and is projected to reach $2.6 billion by 2030, registering a CAGR of 9.1% from 2021 to 2030.

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While the market is propelled by strong demand in key end-use sectors, health concerns associated with long-term HPPE exposure and the emergence of eco-friendly agricultural alternatives pose challenges. However, continuing advancements in electrical systems and construction technologies are expected to create significant growth opportunities for market participants.

Market Segmentation Highlights:-

By Application:

- Protective Coatings led the market in 2020 with around one-third share.
- Sports Equipment is expected to grow the fastest with a CAGR of 10.6% during the forecast period.

By End-User Industry:

- Food & Beverages accounted for the largest share in 2020 (over one-fourth of the market).
- The Textile Industry is projected to record the highest growth, with a CAGR of 11.1%.

By Region:

- Europe held the highest market share in 2020 (nearly one-third).
- Asia-Pacific is set to witness the fastest growth, registering a CAGR of 10.5% through 2030.

Key Market Players:

- TEIJIN LIMITED, Dow Chemical Company, DSM, Celanese, LyondellBasell, Braskem, Asahi Kasei Corporation, SABIC, Mitsui Chemicals, Inc., and Artek, Inc.

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About Us

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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