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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Full Report@ https://www.marketresearchfuture.com/reports/linear-low-density-polyethylenes-market-6040
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