Transparency Market Research has released a new market report titled
“Linear Low-density Polyethylene (LLDPE) Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023.”
According to the report, the global LLDPE market was valued at US$
35,464.8 Mn in 2014 and is anticipated to reach US$ 59,815 Mn in
2023, expanding at a CAGR of 6.0% between 2015 and 2023.
Linear low-density polyethylene (LLDPE) is a linear polymer
(polyethylene) with considerable amount of short branches. It is
commonly produced by copolymerization of ethylene with higher
alpha-olefins such as butene, hexane, and octane.
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Solution polymerization and gas-phase polymerization are two primary
techniques used in the manufacture of LLDPE. LLDPE is widely used in
applications such as films, injection molding, rotomolding, wires and
cables, sheets, and pipes and conduits. These are used in end-user
industries such as packaging, agriculture, construction, automotive,
houseware, marine, and toys.
Films was the largest application segment of the LLDPE market,
accounting for over 70% share in 2014. Additionally, it is expected
to be the fastest-growing application segment, expanding at a CAGR of
approximately 6% between 2015 and 2023. Extensive range of LLDPE
resins is utilized in blown and cast film applications that require
high impact and tear and puncture resistance. LLDPE is widely used in
the manufacture of agricultural films, stretch films, heavy-duty
sacks, lamination, personal care film, freezer film, heavy-duty bags,
and overwrap. Rapid growth in the flexible packaging industry is
anticipated to drive demand for LLDPE in the films segment.
Application products such as houseware, lids, large industrial
containers, caps, pails, crates, sealant cartridges, and mobile
garbage bins are manufactured by injection molding of LLDPE, whereas
water tanks (including small water tanks to large agricultural
tanks), canoes, small boats, marine floats and traffic barriers,
luggage, furniture parts, and toys are produced by the process of
rotomolding of LLDPE. Demand for LLDPE in processes such as injection
molding and rotomolding is estimated to increase at a decent rate in
the next few years. Other applications of LLDPE include wires and
cables, sheets, and pipes and conduits. Demand for these products is
also estimated to rise considerably during the forecast period.
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Market Research Report with ToC & Analysis :
Key players in the LLDPE market include Exxon Mobil Corporation, The
Dow Chemical Company, LyondellBasell Industries N.V., Saudi Basic
Industries Corporation (SABIC), Borealis AG, Formosa Plastics
Corporation, U.S.A. (Formosa Plastics), China Petroleum &
Chemical Corporation (Sinopec Corporation), INEOS Group AG, Chevron
Phillips Chemical Company LLC, NOVA Chemicals Corporation, Sasol
Limited, and Braskem S.A.
The
report segments the global LLDPE market as follows:
Linear
Low-density Polyethylene (LLDPE) Market - Application Analysis
- Films
- Injection Molding
- Rotomolding
- Others (Including Extrusion, Masterbatches, Metal Coating, etc.)
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