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Linear Low Density Polyethylene (LLDPE) Market 2019: Trends, Application Analysis and Forecast to 2024

07-19-2019 07:57 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Linear Low Density Polyethylene (LLDPE) Market

Linear Low Density Polyethylene (LLDPE) Market

Europe has been a prevalent automobile market globally with major OEM and other automotive suppliers based in Sweden, Germany etc. The region is likely to observe rise in meat packaging, telecommunication, automobile, and electronics industries in the coming years.

North America Linear low density polyethylene market will have a share over USD 7.5 billion by 2024. The regional market is led by U.S., having an established web of pharmaceutical companies. These will need LLDPE films for medical packaging. The construction spending in U.S. is predicted to grow over 6% CAGR by 2024 particularly due to its infrastructural development.

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Linear low density polyethylene market will grow at a moderate rate in the forecast period. The growth being attributed to vigorous increase in automotive, retail packaging, consumer goods and agriculture industries. In Europe, the market will register CAGR above 5% by 2024, due to technological advancements coupled with rapid industrialization.

Key players in Linear low density polyethylene market are:
• Reliance Industries
• LyondeBassells Industries N.V.
• The Dow Chemical Company
• Nova Chemicals Corporation
• Saudi Basic Industries Corporation (SABIC)
• China Petroleum & Chemical Corporation (Sinopec Corporation)
• INEOS Group AG
• CNPC
• Exxon Mobil Corporation
• Borealis AG
• Sasol Limited
• Mitsui and Westlake
• Mitsubishi Chemicals
• Chevron Phillips Chemical Company LLC
• Braskem S.A.

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Asia Pacific is estimated to be the largest share observer for Linear low density polyethylene market in 2024. Robust industrialization in the region due to thriving textiles, oil & natural gas, automobiles, manufacturing and electronics industries in the regional economies will encourage the construction spending and will boost market growth. Rapidly expanding Indian e-commerce and organized retailing will also contribute to the market growth. Malaysia and Thailand are strengthening the packaging industry which will consequently increase the regional product consumption.

Global packaging market is probable to surpass USD 1 trillion in forecast period, being driven by the paper & board sector. Revolution in processed food and beverage goods packaging designs will open brighter growth prospects for the product in near future.

Growing application prospects of LLDPE will propel the market at a substantial rate. For instance, it is likely to witness significant demand as a substitute for few polyethylene grades such as HDPE and LDPE, due to better chemical and physical properties of the product. The polymer is widely used in mining, canal lining, packaging industry, geomembrane liners and hazardous waste liners and thus has brighter demand aspects in near future.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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