The global low density polyethylene market reached a value of US$ 34 Billion in 2019. Low density polyethylene (LDPE) is a thermoplastic polymer that is manufactured at a high pressure using 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 resistant against impact, moisture, chemicals, tear and stress crack. Owing to these properties, it is widely used in the production of packaging, trash bins, floor tiles, shipping envelopes and dropper bottles. Moreover, its renewability and electrical insulating properties have resulted in the expanding application of the LDPE in several end use industries across the globe.
LDPE is employed in the food and beverage (F&B) sector for packing meat products, snacks, baked goods, and dairy and frozen items. This assists in safeguarding these products from pathogens and environmental factors, thereby extending their shelf life as well as retaining their taste and nutrition value. Apart from this, it is utilized in the production of liners, tamper-evident packaging and several other products. It is also employed in the pipes and fittings industry, owing to its low water absorption and plasticity. Moreover, LDPE-based compounds are used to insulate materials for sheathing telecommunication wires and cable applications. Furthermore, due to the rising environmental concerns, the demand for LDPE is escalating as it is non-toxic and renewable, and can also be recycled under certain conditions. Additionally, the burgeoning construction and automotive industries are anticipated to strengthen the market growth in the upcoming years. On account of these factors, IMARC Group expects the market value to reach US$ 43 Billion by 2025, at a CAGR of 3.8% during the forecast period (2020-2025).
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Film and sheets currently account for the majority of the total market share.
On the geographical front, Asia Pacific enjoys the leading position in the market.
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, 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, DuPont de Nemours, Inc., Lone Star Chemical, Petkim Petrokimya Holding A.S., Total Petrochemicals & Refining USA, Inc. (TPRI), LG Chem Ltd., Formosa Plastics Corporation and Qatar Petrochemical Company.
Key Questions Answered in This Report:
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