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Linear Low-Density Polyethylene (LLDPE) Market By Application (Films, Injection Molding, Rotomolding, and Others), Process Type (Solution Phase, Gas Phase, Slurry Loop, and Others), By Region – Global Industry Analysis, Size, Share, Growth, Investment, and Forecast | 2021 - 2026

Pulished: April, 2021
ID: 8244
Pages: 170

Linear Low-Density Polyethylene (LLDPE) Market (2021 - 2026)

The global Linear Low-Density Polyethylene (LLDPE) Market was calculated to be $ 53.25 billion in 2021, and it is predicted to value up to $ 68.82 billion by 2026, at a growth rate of 7.3% during the calculated period from 2021 to 2026.

Linear low-density polyethylene is widely employed as films due to its superior tensile features. These films are employed when elongation and flexibility are essential factors such as the packaging industry, channel liners, mimetic liners, hazardous waste, and geomembrane liners. LLDPE films are widely employed in the food packaging sector because they are impact resistant and have high tensile strength. Consumption of packaged food and beverages is escalating due to the better standard of living of young people. Additionally, the escalating adoption of ready-to-use and ready-to-eat food bags has escalated the market for linear low-density polyethylene in the food packaging industry.

Recent Developments 

LyondellBasell Industries has launched a new Low-Density Polyethylene (LDPE) resin for potential use in a wide range of injection molding and masterbatch applications. The new Lupolen 1800U grade has an excellent balance of mechanical features and a unique combination of ease of processing, toughness, smoothness and dimensional stability.

Linear Low-Density Polyethylene (LLDPE) Market Drivers and Restraints

The multiplying demand for LDPE from several end-use sectors like solar energy and packaging is among the prominent aspects driving the expansion of the global linear low-density polyethylene market. The escalated call for metallocene-catalyzed LLDPE in the Asia-Pacific region and the expansion of the plastics industry worldwide are additional factors influencing the development of the linear low-density polyethylene business. The increasing need for packaged food products, particularly in the emerging countries of the Asia Pacific, is predicted to be the main driver of expansion in the global LLDPE market.

Also, the escalating use of protective films in agriculture to reduce soil erosion and UV protection is also predicted to drive market expansion in the next six years. The augmenting use of LLDPE films in the construction industry as moisture barriers under the concrete structure is also predicted to increase market expansion. However, strict regulations on the use of non-biodegradable plastics in various regions of Europe and North America can hinder the expansion of the LLDPE market.

Due to its remarkable features, LLDPE consumption is escalating in various end-use industries, such as packaging, agriculture, construction, and automotive. LLDPE films are known for their reduced thickness and flexibility, and therefore find popular consumption in transport bags, envelopes, agricultural cover films, and the like. Among all end-users, the packaging sector represents the largest share with around 65% of LLDPE call.

In addition to that, the call for other applications, such as the extrusion of pipes, profiles and cables, should show a gradual improvement with the increase in investments by the Indian government in the country's agricultural sector. Rotational molding is one of the fastest rising plastics processing methods today, as it can produce products of versatile shapes and sizes. This has enabled rotomolders to enter markets where vinyl processes could not support the call for a versatile class of LLDPE rotational molding grades that serve broad applications in automotive components, insulated containers, tanks, etc. It is predicted to stimulate the global LLDPE market during the calculated period.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

5.1%

Segments Covered

By Product, Type, Application, Distribution Channel and Region

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Henkel AG & Co. KGaA , H.B. Fuller Company, 3M, Sika AG, TOAGOSEI CO., LTD., Illinois Tool Works Inc., Bostik, Huntsman International, Pidilite Industries Ltd., Permabond LLC, Royal Adhesives & Sealants, Franklin International, LORD Corporation

Linear Low-Density Polyethylene (LLDPE) Market

Linear Low-Density Polyethylene (LLDPE) Market Segmentation as per research report until 2026.

On the basis of Process Type

  • Gas phase
  • Solution phase
  • Slurry loop

Depending on the type of process, the gas phase segment should lead the global LLDPE market from 2020 to 2025.

On the basis of Application

  • Films
  • Injection molding
  • Rotomolding
  • Others

The film segment is the largest application of the linear low density polyethylene market, followed by the injection molding segment. The expansion of the LLDPE film application market is mainly due to the call for these films from the packaging sector. Expansion in the injection molding segment can be attributed to the rising need for injection molded LLDPE articles.

On the basis of Region

  • North America

  • Latin America

  • Europe

  • APAC

  • MEA

Asia Pacific is the largest and most dynamic regional segment of the global LLDPE market. This expansion can be attributed to the rising call for packaging films from the food and beverage industry. North America is the second largest region for the LLDPE market, followed by Europe. Asia-Pacific had recorded a significant share of almost 45% in 2020. Rise in spending in construction sector in emerging countries is escalating in this region. China and India reported construction spending of approximately $ 1.75 trillion and $ 420 billion respectively in 2020, which is predicted to increase revenues from the linear low-density polyethylene market during the forecast period.

Furthermore, the escalating adoption of packaged foods in this region due to its ease of consumption has stimulated the call for products. North America has an established packaged food and beverage business, particularly in the United States, and also has considerable infrastructure development potential due to the escalating standard of living of its population. North America contributes significantly to the auto industry with leading automakers. It had a market size greater than $ 7 billion in 2020 in the linear low-density polyethylene market.

KEYPLAYERS

  1. INEOS

  2. Basell

  3. The Dow Chemical company

  4. Mitsubishi Chemicals

  5. Mitsui and Westlake

  6. ExxonMobil

  7. SINOPEC

  8. CNPC

  9. SABIC

  10. LyondeBassells

  11. Reliance Industries

  12. Nova Chemicals

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Application                 

                                5.1.1 Introduction           

                                5.1.2 Films          

                                5.1.3 Injection Molding 

                                5.1.4 Rotomolding          

                                5.1.5 Others      

                                5.1.6 Y-o-Y Growth Analysis, By Application         

                                5.1.7 Market Attractiveness Analysis, By Application       

                                5.1.8 Market Share Analysis, By Application        

                5.2 Process Type                             

                                5.2.1 Introduction           

                                5.2.2 Solution Phase      

                                5.2.3 Gas Phase               

                                5.2.4 Slurry Loop              

                                5.2.5 Others      

                                5.2.6 Y-o-Y Growth Analysis, By Process Type     

                                5.2.7 Market Attractiveness Analysis, By Process Type   

                                5.2.8 Market Share Analysis, By Process Type    

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Application

                                                6.1.3.3 By Process Type

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Application

                                                6.1.4.3 By Process Type

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Application

                                                6.1.5.3 By Process Type

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1  Exxon Mobil Corporation                     

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 PetroChina                 

                8.3 Chevron Phillips Chemical Company                                

                8.4 Formosa Plastics Corporation                             

                8.5 Dow Chemical Company                       

                8.6 Mitsui & Co.                               

                8.7  SABIC                           

                8.8 LyondellBasell Industries N.V.                            

                8.9 Westlake Chemical                  

                8.10  INEOS GROUP HOLDINGS S.A.                        

                8.11 Sasol Ltd.                   

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of by process type ,by application,by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Linear Low-Density Polyethylene (LLDPE)  Market By Region, From 2021-2026( USD Billion )

  2. Global Linear Low-Density Polyethylene (LLDPE)  Market By Application, From 2021-2026( USD Billion )

  3. Global Films Market By Region, From 2021-2026( USD Billion )

  4. Global Injection Molding Market By Region, From 2021-2026( USD Billion )

  5. Global Rotomolding Market By Region, From 2021-2026( USD Billion )

  6. Global Others Market By Region, From 2021-2026( USD Billion )

  7. Global Linear Low-Density Polyethylene (LLDPE)  Market By Process Type, From 2021-2026( USD Billion )

  8. Global Solution Phase Market By Region, From 2021-2026( USD Billion )

  9. Global Gas Phase Market By Region, From 2021-2026( USD Billion )

  10. Global Slurry Loop Market By Region, From 2021-2026( USD Billion )

  11. Global Others Market By Region, From 2021-2026( USD Billion )

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