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The global low density polyethylene market reached a value of US$ 35.6 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 44.8 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Low density polyethylene (LDPE) is a thermoplastic polymer manufactured at a high pressure through the free radical polymerization process. It is a semi-rigid and translucent polymer with 4,000 to 40,000 carbon atoms. It is non-toxic, non-contaminating and can resist against impact, moisture, chemicals, tear and stress crack. As a result, it is widely used in the production of trash bins, floor tiles, packaging, shipping envelopes, and dropper bottles. Besides this, its application is expanding in several end use industries across the globe on account of the renewability and electrical insulating properties of LDPE.
LDPE assists in safeguarding edible products from pathogens and environmental factors, thereby extending their shelf life and retaining their taste and nutrition value. As a result, it is employed in the food and beverage (F&B) sector for the packaging of snacks, baked goods, meat products, and dairy and frozen items. It is also utilized in the production of liners, tamper-evident packaging and several other products. Apart from this, it finds application in the pipes and fittings industry due to its low water absorption and plasticity. Moreover, LDPE-based compounds are used to insulate materials for sheathing telecommunication wires and cable applications. This, coupled with the rising environmental concerns, is positively influencing the demand for LDPE worldwide as it is non-toxic, renewable, and can be recycled under several conditions. Furthermore, the burgeoning construction and automotive sectors are projected to strengthen the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global low density polyethylene market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on manufacturing process, feedstock and application.
Breakup by Manufacturing Process:
Breakup by Feedstock:
Breakup by Application:
Film and sheets currently account for the majority of the total market share owing to the increasing utilization of LDPE in the production of food and non-food packaging.
Breakup by Region:
Presently, Asia Pacific enjoys the leading position in the market due to the growing application of LDPE in the construction industry of the region.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are BASF SE, The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries N.V., Saudi Basic Industries Corporation, China Petroleum & Chemical Corporation (Sinopec), Borealis AG, Braskem SA, Chevron Phillips Chemical Company, LLC, Lone Star Chemical, Petkim Petrokimya Holding A.S., Total Petrochemicals & Refining USA, Inc., LG Chem Ltd., Formosa Plastics Corporation, and Qatar Petrochemical Company.
|Base Year of the Analysis||2020|
|Segment Coverage||Manufacturing Process, Feedstock, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||BASF SE, Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries N.V., Saudi Basic Industries Corporation (SABIC), China Petroleum & Chemical Corporation (Sinopec), Borealis AG, Braskem SA, Chevron Phillips Chemical Company, LLC, Lone Star Chemical, Petkim Petrokimya Holding A.S., Total Petrochemicals & Refining USA, Inc. (TPRI), LG Chem Ltd., Formosa Plastics Corporation and Qatar Petrochemical Company|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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