Global Low Density Polyethylene (LDPE) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Low Density Polyethylene (LDPE) Market Overview :
“The global low density polyethylene (LDPE) Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers in-depth insights, revenue details, and other vital information regarding the global low density polyethylene (LDPE) market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The report offers insightful and detailed information regarding the various key players operating in the global low density polyethylene (LDPE) market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global low density polyethylene (LDPE) market report has been segmented on the basis of feedstock, process, application, and region.
Thermoplastic made from the monomer ethylene is known as low-density polyethylene (LDPE). LDPE is not reactive at room temperature, it is flexible, tough and available in translucent or opaque variations. LDPE has better resistant properties to impact, moisture, and chemicals.
LDPE has excellent resistance to dilute and concentrated acids, alcohols, bases and esters, limited resistance to aliphatic and aromatic hydrocarbons, mineral oils, and oxidizing agents but is not recommended for use with halogenated hydrocarbons due to poor resistance. LDPE is extensively used to manufacture various molded laboratory equipment, containers, wash bottles, tubing, and plastic bags.
LDPE material is extensively used in food industry for packaging, owing to better coating properties offered by LDPE. Rising demand from food industry is a key factor driving growth of the global low density polyethylene (LDPE) market. In addition, rising demand for films and sheets for packaging, agricultural, electronics, and other applications is expected is another factor expected to drive growth of the global low density polyethylene (LDPE) market over the forecast period.
Furthermore, increasing demand for LPDE in packaging products due to good impact resistance and heat sealing characteristics, there is increase in demand for plastic packaging that will drive the growth of the LDPE market
Increasing application of cost effective substitute of LDPE such as liner low polyethylene (LLDPE) and high density polyethylene (HDPE) in many end use industries is a key factor restraining growth of the global low density polyethylene (LDPE) market. Moreover, environment regulations regarding use of LDPE is a major factor expected to hamper growth of the global low density polyethylene (LDPE) market over forecast period.
Adoption of producing bio-derived polyethylene from sugarcane can create high potential opportunities for key players in the global low density polyethylene (LDPE) market. Furthermore, widening usage of LDPE in pharmaceutical industries for packaging and storage is expected to be a high potential opportunity for key players in the global low density polyethylene (LDPE) market over forecast period.
Currently, the market in Asia Pacific is expected to dominate the global low density polyethylene market in terms of revenue owing to rising consumption of food and beverages, electronics, cosmetics, and other applications in the region.
The market in Europe is expected to account for the second-highest revenue share followed by the market in North America. This can be attributed to increasing demand for low-density polyethylene from various non-food packaging consumers such as shrink films for books, bundling, and pallets, overwrap films for towels and tissues, and as a weatherproofing material for structures and equipment.
Global Low-Density Polyethylene (LDPE) Market Segmentation:
Global low-density polyethylene (LDPE) market segmentation by feedstock:
- Natural Gas
Global low-density polyethylene (LDPE) market segmentation by process:
- Autoclave Method
- Tubular Method
Global low-density polyethylene (LDPE) market segmentation by application:
- Film and Sheets
- Extrusion Coating
- Injection Molding
Global low-density polyethylene (LDPE) market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- Exxon Mobil Corporation
- National Petrochemical Company
- Reliance Industries Limited
- LyondellBasell Industries NV
- The Dow Chemical Company
- I. du Pont de Nemours and Company
- Huntsman International LLC
- NOVA Chemicals Corporation
- INEOS Finance PLC
- Formosa Plastics Corporation
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