Market Insights
Linear low-density polyethylene (LLDPE) is a copolymer which has a good temperature resistance and high tensile strength. Other advantageous properties of this material include high impact strength, chemical resistance, and flexibility. Preference for LLDPE over conventional alternatives has increased the adoption of LLDPEs in recent years. Market Research Future, in a new report about the global LLDPE market, has found that the market is expected to appreciate at a steady rate over the review period from 2017 to 2023.
LLDPE has several applications across various end-use industries such as homeware products, automotive industry, electrical & electronics, food packaging, and several others. LLDPE also has industrial applications in extrusion coatings, packaging film, injection molding, and rotomolding. Plastic is a cheap and durable material which is witnessing increased manufacturing for industrial use. LLDPE is used to make plastic wraps which are used extensively in the food packaging industry. Thin LLDPE films have a low cost of production which contributes to the materials adoption. LLDPE has applications such as production pipes, tubes as well as to make consumer products such as kitchen accessories, luggage, and furniture parts. The market has several opportunities in the coming years. Urbanization has increased the demand for the above-mentioned items, thus driving the growth of the LLDPE market.
Notably, stringent government regulations regarding use of plastic in an effort protect the environment from further damage. Consumers are also eschewing plastic as environmental awareness grows. However, increasing industrial applications will impact the market positively.
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Market Segmentation
Segments that make up the market have been identified and analyzed in MRFR’s report based on application, end-use industries, process type, and region. Applications of LLDPE market share have been segmented into injection molding, extrusion coating, roto molding, packaging films, and others. End-use industries have been segmented into electrical & electronics, processing industry, automotive industry, automotive, and others. On the basis of process type, the global LLDPE market has been segmented into solution phase, gas phase, and slurry phase.
Regional Analysis
North America has established itself in a key leadership position as it has the most significant share of the market. High demand for LLDPE in the production of packaging films, roto molding, and extrusion coatings is anticipated to boost the market during the review period. the U.S is a key country-level market which is also a leader in the food packaging industry due to the presence of prominent market players in the region. Moreover, there is a growing demand for LLDPE in the construction sector and the automotive industry among others. These are rapidly growing sectors and will contribute significantly to the region retaining its leadership role. Europe is predicted to grow at a considerable pace during the review period due to the presence of rapidly growing electronics, food packaging, automotive, and power & telecommunication industries. Increasing exports of automobiles will encourage market growth for the European market. How
Linear Low Density Polyethylenes (LLDPE) Market ever, the region has several stringent policies regarding the use of plastic which is expected to affect the market negatively.
The Asia Pacific is the fastest growing regional market among all key region. The region is rapidly urbanizing, and this has resulted in higher disposable incomes as demand for packaged food items. Emerging economies such as India, Japan, and China are increasingly demanding instant food delivery, thus driving the growing adoption of LLDPE. The Middle East and Africa market is highly promising as there is significant production of petrochemicals, and the region is involved in export activities of polyethylene & packaging films which will result in a positive influence on market growth.
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Key Players
LyondellBasell Industries Holdings B.V., NOVA Chemicals Corporation, Braskem, The Dow Chemical Company LLC, Mitsubishi Chemicals Corporation, Chevron Phillips Chemical Company, Exxon Mobil Corporation, and Borealis AG are some of the important market participants who have been included in MRFR’s profiling of competitors in the global LLDPE market.
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