Exxon Mobil (US) and The Dow Chemical Company (US) are the Leading Players in the Linear Low-Density Polyethylene (LLDPE) Market

The Linear Low-Density Polyethylene (LLDPE) market is projected to reach USD 67.83 Billion by 2022, at a CAGR of 5.5% between 2017 and 2022. This market has been segmented on the basis of application, process type, and region. The availability of plastic products at affordable rates and rise in demand for packaging materials have contributed to the increased consumption of LLDPE products in various applications.

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Leading players operating in the LLDPE market include Sinopec (China), LyondellBasell (Netherlands), Exxon Mobil (US), SABIC (Saudi Arabia), The Dow Chemical Company (US), Borealis (Austria), Formosa Plastics (Taiwan), China Petrochemical Corporation (China), INEOS (Switzerland), and Westlake Chemical (US).

Key market players have focused on the adoption of growth strategies, such as mergers & acquisitions, expansions, new product launches, and agreements to enhance their market presence. Manufacturers of LLDPE resins are also focused on increasing investments in R&D activities to develop new grades of LLDPE. This, in turn, has helped LLDPE manufacturers widen their geographic reach and expand their customer base.

Exxon Mobil, one of the key players operating in the LLDPE market, is engaged in the exploration, production, transportation, and sale of crude oil, natural gas, and petroleum products. The company operates through 3 business segments, namely, upstream, downstream, and chemical. Under the company’s chemical business segment, it offers LLDPE resins, in addition to aromatics, polypropylene plastics, and a wide range of specialty products. The company has strong R&D capabilities and has recently launched a new series of LLDPE resins to enhance its product portfolio. However, the company has experienced a sharp fall in its operating margins, which declined from 8.2% in 2015 to 3.5% in 2016, owing to rise in operating expenses.

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The Dow Chemical Company is the leading producer of LLDPE resins. It operates as a diversified chemical company that is engaged in the development and distribution of chemicals, plastics, and industrial and agricultural products. The company operates through 5 business segments, namely, agricultural sciences, consumer solutions, infrastructure solutions, performance materials & chemicals, and performance plastics. The company offers LLDPE through its performance plastics segment. It has its manufacturing facilities located in Texas (US), Louisiana (US), Alberta (Canada), Map Ta Phut (Thailand), Schkopau (Germany), Tarragona (Spain), and Terneuzen (Netherlands). Over the past few years, the company has adopted both, organic and inorganic growth strategies to enhance its market share. For instance, in June 2017, The Dow Chemical Company completed the construction of its new ELITE enhanced polyethylene production facility in Freeport, Texas. The facility produces 400,000 metric tons of polyethylene per year. This expansion strategy enabled the company to strengthen its foothold in the LLDPE market.

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