Global Low Density Polyethylene Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 19, 2018--The “Low Density Polyethylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The global low density polyethylene market reached a value of around US$ 31 Billion in 2017. The market is further projected to reach US$ 39 Billion by 2023, exhibiting a CAGR of nearly 4% during 2018-2023.
Polyethylene is popularly used for manufacturing a wide range of products such as clear food wrap, medical devices, bulletproof vests, shopping bags, etc. It is most commonly categorised into LDPE, HDPE, LLDPE and UHMWPE. Among these, LDPE or low density polyethylene is a polyolefin material which has a high molecular weight. It is non-toxic, non-contaminating in nature and is resistant to impact, moisture and chemicals. LDPE is widely employed for the manufacturing of various products such as packaging, trash bins, floor tiles, shipping envelopes, dropper bottles, etc. Its renewability properties have made it recognised and acceptable to several end-use industries.
Flexibility and toughness are the two unique qualities of low-density polyethylene which have been primarily responsible for its increasing demand. It also possesses transparency properties and a white appearance which makes it suitable to be used for the production of bags for groceries, bread covers, bubble wraps, etc.
We expect its demand to be strong from the automotive sector as it offers transparency at low weight. Strong demand from the food packaging industry is also expected to drive the market catalysed by a rising demand for transparent packaging. Applications of LDPE in food packaging is expected to be in meat and poultry wrapping, dairy packaging, bakery, frozen foods, etc.
Catalysed by the revival of the construction industry and a continuous population growth in both developed and emerging markets, demand for LDPE is expected to increase in the next five years. Increasing regulatory requirements from governments across the globe regarding energy efficient industrial infrastructure is also expected to catalyse the market.
LDPE products are renewable in nature owing to which they can be recycled under certain conditions. This is also positively influencing its global demand.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Low Density Polyethylene Market
6 Market Breakup by Manufacturing Process
7 Market Breakup by Feedstock
8 Market Breakup by Application
9 Market Breakup by Region
10 Low Density Polyethylene Manufacturing Process
11 Competitive LandscapeBASF Dow Chemical Exxon Mobil LyondellBasell SABIC Sinopec Borealis Braskem Chevron Phillips Chemical DuPont de Nemours Lone Star Chemical Petkim Total Petrochemicals LG Chem Ltd. Formosa Plastics Corporation Qatar Petrochemical Company.
For more information about this report visit https://www.researchandmarkets.com/research/ftpgct/global_low?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181219005478/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/19/2018 10:28 AM/DISC: 12/19/2018 10:28 AM