Press release
Linear Low Density Polyethylene Market In depth overview on Mitsui and Westlake, Chevron Phillips Chemical Company LLC, INEOS Group AG, The Dow Chemical Company
Linear Low Density Polyethylene (LLDPE) Market, Linear Low Density Polyethylene (LLDPE) Market Study, Linear Low Density Polyethyl
This report focuses on the top Manufacturers and players in global market are given bellow - Exxon Mobil Corporation, Mitsui and Westlake, Chevron Phillips Chemical Company LLC, INEOS Group AG, The Dow Chemical Company, Saudi Basic Industries Corporation (SABIC), Borealis AG, Mitsubishi Chemicals, LyondeBassells Industries N.V., Nova Chemicals Corporation, and Braskem S.A.
Market Study Report recently introduced new title on Global Linear Low Density Polyethylene (LLDPE) Market Report that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.
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North America is a pioneer in packed food & beverage products and its market for LLDPE films will be over USD 7.5 billion by 2024. U.S. has an established base of pharmaceutical companies and require these films for medical packaging. Construction spending in U.S. is forecast to grow at a CAGR of over 6% by 2024 owing to its infrastructural development. North America will witness CAGR of approximately 5% between 2016 to 2024.
Europe is witnessing an upsurge in automobile, meat packaging, electronics, and telecommunication industries. The region is recognized as one of the largest automobile market globally with major OEM's and other automotive suppliers having base in Germany, Sweden etc. In Russia, 1.25 lakh new cars were registered in September 2016.
These industries adopted roto molding technology to manufacture their required components in which linear low density polyethylene is consumed widely. Rapid industrialization coupled with technological advancements have increased consumption of the product. Europe will register above 5% CAGR in linear low density polyethylene market.by 2024.
Films likely to contribute to 70% of the application revenue share by 2024. LLDPE films are used in a wide range of applications such as food packaging, moisture resistance in the concrete structure, and prevention of soil erosion in agriculture. Global food packaging industry is projected to cross USD 310 billion by 2024. These films are also used for bags and sacks manufacturing due to its mechanical properties.
Rotomolded LLDPE will record over USD 6.9 billion market revenue in 2024. This technology is being adopted extensively due to its benefits of being affordable and simpler than blow molding or injection molding. It is used in packaging, water treatment, automotive, agriculture, furniture, and construction industries.
Linear Low Density Polyethylene
• LLDPE
Market Size By Application
• Films
• Injection Molding
• Rotomolding
Industry Analysis Report, Regional Outlook
U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC
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Few Data Tables are
TABLE 1 Global linear low density polyethylene industry 3600 synopsis, 2013 to 2024
TABLE 2 Global linear low density polyethylene market, (Volume & Revenue), 2013 - 2024
TABLE 3 Global linear low density polyethylene market volume by region, (Kilo Tons), 2013 – 2024
TABLE 4 Global linear low density polyethylene market revenue by region, (USD Million), 2013 – 2024
TABLE 5 Global linear low density polyethylene market volume by application, (Kilo Tons), 2013 - 2024
TABLE 6 Global linear low density polyethylene market revenue by application, (USD Million), 2013 - 2024
TABLE 7 Industry impact forces
TABLE 8 Global linear low density polyethylene market for films, 2013-2024, (Kilo Tons) (USD Million)
TABLE 9 Global linear low density polyethylene market volume for films, by region, 2013-2024, (Kilo Tons)
TABLE 10 Global linear low density polyethylene market revenue for films, by region, 2013-2024, (USD Million)
TABLE 11 Global linear low density polyethylene market demand for injection molding, 2013-2024, (Kilo Tons) (USD Million)
TABLE 12 Global linear low density polyethylene market volume for injection molding, by region, 2013-2024, (Kilo Tons)
TABLE 13 Global linear low density polyethylene market revenue for injection molding, by region, 2013-2024, (USD Million)
TABLE 14 Global linear low density polyethylene market demand for rotomolding, 2013-2024, (Kilo Tons) (USD Million)
TABLE 15 Global linear low density polyethylene market volume for rotomolding, by region, 2013-2024, (Kilo Tons)
TABLE 16 Global linear low density polyethylene market revenue for rotomolding, by region, 2013-2024, (USD Million)
TABLE 17 Global linear low density polyethylene market demand for other, 2013-2024, (Kilo Tons) (USD Million)
TABLE 18 Global linear low density polyethylene market volume for other, by region, 2013-2024, (Kilo Tons)
TABLE 19 Global linear low density polyethylene market revenue for other, by region, 2013-2024, (USD Million)
TABLE 20 North America linear low density polyethylene market volume and revenue, 2013 – 2024, (Kilo Tons) (USD Million)
LLDPE market is projected to grow at a moderate rate and the growth is extensively attributed to robust increase in retail packaging, automotive, agriculture and other consumer goods. Global packaging industry is set to cross USD 1 trillion by 2024, with its major usage in paper & board sector. Innovation in processed food and beverages products packaging designs is taking place as leading brands such as Cadburry, Nestle etc. are setting a global benchmark for different package formats.
LLDPE is also used in manufacturing bags and sacks due to growing demand for rigid posture and excellent finish in final products. It is also increasingly used for other applications such as injection molding, a plastic component manufacturing process. This process is used to produce bottle caps, automotive dashboards, pocket combs, and wire spools. Growing injection molding adoption in the manufacturing industry coupled with rising applications of this technology augments linear low density polyethylene market.
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