Low-density polyethylene (LDPE) market is expected to witness significant growth owing to increasing use in packaging industries. Growth in the packaging industry coupled with rising demand in the automotive and construction sectors pose as key drivers for the LDPE market. LDPE is widely used in packaging, automotive, textile and construction industries. LDPE is primarily used in producing packaging films, milk cartons, dispensing bottles owing to low reactive nature and food grade quality. In addition, it is used in manufacturing injection molding and wire & cable insulation owing to high thermal conductivity and high resistance to chemical reaction. Low cost compared to substitutes including low linear density polyethylene (LLDPE) and ease in production favor LDPE market growth. Production cost of LDPE is almost 10 times less than that of polystyrene, nylon, and PET owing to high availability of raw feedstock and large production volumes. Gaining popularity of the LLDPE resins in its critical volume markets pose as major restrain for the LDPE market. In addition, flammable nature and competition from alternate forms of ethylene such as HDPE and LLDPE are factors restricting the growth.
Packaging industry held the largest market share followed by construction and automotive sector. However, construction sector is expected to be the fastest growing market due to high demand particularly in the emerging economies. Urbanization and increasing construction expenditure on infrastructure is anticipated to boost market growth over the forecast period.
Europe held the largest share of LDPE market in 2013 owing to large manufacturers in the region. Asia Pacific held the second largest share and is expected to be the fastest growing market owing to rapid industrialization, particularly in China and India. In addition, growing demand from the construction industry owing to rising population particularly in emerging economies such as India and Indonesia is anticipated to drive demand for LDPE over the forecast period. Middle East is expected to witness a steady growth due to large investments in the petrochemical industry. North America and Europe are expected to witness a sluggish growth rate owing to market saturation particularly in the petrochemical industry.
Key LDPE producers include Exxon Mobil, Dow Chemical Company, LyondellBasell, Reliance Industries Ltd, The National Petrochemical Company, and The China Petroleum and Chemical Corporation.
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.