GVR Report cover Linear Low-Density Polyethylene Market Size, Share & Trends Report

Linear Low-Density Polyethylene Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Report ID: GVR1142
  • Number of Pages: 0
  • Format: Electronic (PDF)

The global linear low-density polyethylene market is anticipated to register growth over the forecast period. Global demand for LLDPE (Linear Low-Density Polyethylene) is expected to witness substantial growth owing to its widespread use in various end-use industries such as agriculture, automotive, packaging, and household products. LLDPE has better mechanical properties including high tensile strength and impact resistance as compared to other polyethylene derivatives. The superior tensile properties of LLDPE make them most suitable for the production of films. LLDPE films are widely used in applications where flexibility and elongation are the most important factors such as geomembrane liners, hazardous waste liners, miming, canal linings, and the packaging industry. Packaging films accounted for more than half the global linear low-density polyethylene market volume share in 2013. The second-largest application segment in terms of volume was bags and sacks. Other applications include rigid packaging and building & construction materials. Special packaging film is expected to be the fastest-growing segment over the forecast period due to the growing retail and packaging industry across the globe.  

Growing demand for packaged food products, particularly in emerging countries of Asia Pacific is expected to be the key driver for LLDPE market growth. In addition, the growing usage of protective films in agriculture to reduce soil erosion and protection against UV rays is also anticipated to fuel market growth over the next six years. The growing use of LLDPE films in the construction industry as moisture barriers under the concrete structure is also likely to augment market growth.  However, stringent regulations regarding the usage of non-biodegradable plastics in several parts of Europe and North America may hamper the growth of the LLDPE market. 

The Asia Pacific was the largest linear low-density polyethylene market in terms of volume in 2013 due to rapid growth in the retail and packaging industry.  In addition, Asia Pacific is likely to be the fastest-growing market over the forecast period owing to the growth of the packaging sector. mature markets such as Europe and North America are expected to witness sluggish growth owing to shifts in manufacturing units to China, South Korea, Brazil, Singapore, and India. The Middle East and Latin America are also expected to have strong growth prospects due to the surge in the electronics and personal care industry in the region.        

The major players in the global linear low-density polyethylene market include INEOS, Basell, The Dow Chemical Company, Mitsubishi Chemicals, Mitsui and Westlake, ExxonMobil, SINOPEC, CNPC, SABIC, LyondeBassells, Reliance Industries, and Nova Chemicals. 

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