Market Overview:
Linear
low density polyethylene (LLDPE) is a copolymer produced from copolymerizing
ethylene with butane, octane, and hexane. Ethylene is an organic compound
derived from petroleum & natural gas.
It is mostly preferred over conventional linear density polyethylene
owing to improved temperature resistance & tensile strength. Additionally,
it offers high impact strength, flexible, chemical resistance, odorless, and
translucent properties.
Growing
demand from various end use industries such as housewares products, automotive
industry, electrical & electronics industry, and others is expected to
propel the growth of the global LLDPE market. It is sold as colorless and
odorless plastic granules and pellets in the market. Furthermore, these pellets
are used in industrial process such as extrusion coating, rotomolding,
packaging film, and injection molding.
Increasing use in plastic manufacturing industry is majorly driving the
growth of the global market. Application of plastic in packaging film is
further categorized into food packaging and non-food packaging films. Moreover, it is widely used in the food
packaging industry owing to the properties that it offers such as heat
resistance, flexibility, and ease to seal. The market for non-food packaging
industry is majorly driven by the high usage of the thin films due to low
production cost. Additionally, increasing demand for non-food packaging films
from the agriculture sector for irrigation purposes is expected to increase the
demand for product in profile extrusion. This application is attributed to the
production of pipes, tubes, and others. Rotomolding and injection molding are
extensively used in production of housewares products such as kitchen
accessories, luggage, and furniture parts. Furthermore, growing use of LLDPE in
industrial applications such as aluminium rolling, containers & tanks, dry
cleaning conveyor belts and decorative coatings is expected to drive a
significant demand for LLDPE over the forecast period.
Segmentation The global linear low density polyethylene market is segmented by
application, end-use industries, process type, and region.
On the basis of the application, the global LLDPE
market is segmented into packaging films, injection moulding, extrusion
coating, rotomolding, and others.
On the basis of the end use application, the global
LLDPE market is segmented into plastic processing industry, electrical&
electronics industry, automotive industry, automotive, and others.
On the basis of the process type, the global LLDPE
market is segmented into gas phase, solution phase, and slurry phase.
Key players Some of the key players in the global LLDPE market are NOVA Chemicals
Corporation (Canada), The Dow Chemical Company LLC (U.S.), Exxon Mobil
Corporation (U.S.), Mitsubishi Chemicals Corporation (Tokyo), Braskem (Brazil),
Chevron Phillips Chemical Company (U.S.), Borealis AG. (Austria), and
lyondellBasell Industries Holdings B.V. (Netherland)
Intended Audience Manufacturers of Films, Traders, suppliers, and distributors of chemicals, Government Organizations, End- use industries,
Research organizations
Regional
Analysis North America is the leading the global LLDPE
market in terms of consumption & production due to high domestic demand for
packaging films from the food industry and high exports of finished goods.
Asia Pacific is the fastest
growing market for LLDPE due to the increased investment in the production of
polyethylenes. The growing urban population and disposable income have fueled
the demand for packaged goods in the region. Furthermore, the growing concerns
among consumers for low cost and efficient, flexible packaging is expected to
propel the demand for LLDPE in the market.
Europe is another significant
market for LLDPE due to increasing trend of fast & convenient food
deliverables in the market. Europe is leading the automobile export market
globally owing to the growing rotomolding application, which, in turn,
increases the demand for LLDPE. This has increased the production of
automobiles in the region.
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