The global low-density polyethylene market is expected to witness significant growth owing to increasing use in the packaging industry. Growth in the packaging industry coupled with rising demand in the automotive and construction sectors pose as key drivers for the LDPE (low-density polyethylene) market. LDPE is widely used in packaging, automotive, textile and construction industries. LDPE is primarily used in producing packaging films, milk cartons, and dispensing bottles owing to its low reactive nature, and food-grade quality. In addition, it is used in manufacturing injection molding and wire & cable insulation owing to its high thermal conductivity and high resistance to chemical reactions.
Low cost compared to substitutes including low linear density polyethylene (LLDPE) and ease in production favor LDPE market growth. The production cost of LDPE is almost 10 times less than that of polystyrene, nylon, and PET owing to the high availability of raw feedstock and large production volumes. Gaining popularity of the LLDPE resins in its critical volume markets poses a major restrain for the LDPE market. In addition, its flammable nature and competition from alternate forms of ethylene such as HDPE and LLDPE are factors restricting the growth.
The packaging industry held the largest low-density polyethylene market share followed by the construction and automotive sector. However, the construction sector is expected to be the fastest-growing market due to high demand, particularly in emerging economies. Urbanization and increasing construction expenditure on infrastructure are anticipated to boost market growth over the forecast period.
Europe held the largest share of the LDPE market in 2013 owing to large manufacturers in the region. The 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. The Middle East is expected to witness 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 low-density polyethylene market producers include ExxonMobil, Dow Chemical Company, LyondellBasell, Reliance Industries Ltd, The National Petrochemical Company, and The China Petroleum and Chemical Corporation.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
"The quality of research they have done for us has been excellent."
The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe, affecting the demand for plastics and also production & processing of them. The most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. The report will account for Covid19 as a key market contributor.
We value your investment and offer free customization with every report to fulfil your exact research needs.