Low Density Polyethylene (LDPE) Foams Market Forecast 2030
The global low density polyethylene (LDPE) foams market was valued at ~US$ 1.5 Bn in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period. The global LDPE foams (LDPE) market is expected to expand at a rapid pace during the forecast period, due to the increase in penetration of LDPE foams in various sectors, particularly packaging, building & construction, and medical; significant growth of certain industries, such as protective packaging, wherein LDPE foams are being introduced; availability of advanced raw materials and processing methods that facilitate the manufacture of products with improved properties; and rise in research and development activities.
Request Sample pages of premium Research Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3488
Key Drivers of Low Density Polyethylene (LDPE) Foams Market
LDPE foams are primarily used in the packaging industry to protect products from damages, as LDPE foams absorb energy and can achieve different levels of cushioning protection depending on the exact density of these foams. LDPE foams also possesses chemical resistance properties. This helps LDPE foams resist common causes of degradation. Packaging provides consumers with information that can be of crucial importance to their health. This includes degree of freshness and ripeness, color, shelf life, ingredients, and nutritional values of products. The global packaging market was valued at US$ 851 Bn in 2017, up by 2.8% compared to that in the previous year. It reached US$ 876 Bn in 2018, based on annual growth of 2.9%, and is expected to reach US$ 980 Bn in 2022 and US$ 1,000 Bn in 2023. Rise in population and increase in urbanization are fueling trade, and subsequently, the use of packaging. Online trade is further boosting the need for packaging. Products are also being consumed on-the-go. This is driving the need for food service packaging and different sizes of packaging.
LDPE foams are primarily used in retail packaging, including counter & window display pads, transparent sleeve packs, jewelry pads, and coins. Thus, rise in preference of food & beverage packaging, flexible packaging, and corrugated board packaging is estimated to propel the low density polyethylene (LDPE) foams market.
More Trending Reports by Transparency Market Research - https://www.globenewswire.com/news-release/2019/08/27/1906824/0/en/Global-Rice-Husk-Ash-Market-to-Generate-Revenue-of-US-1-64-Billion-by-2025-Noted-TMR.html
Cross-linked Polyethylene Foams to Offer Attractive Opportunities
In terms of type, the cross-linked polyethylene foams (XLPE foams) segment accounted for a major share of the global low density polyethylene (LDPE) foams market in 2019. XLPE foams offer superior thermal stability and insulation in addition to improved dimensional consistency and stability over a wide range of fabrication methods. As a result, these foams are employed widely in medical, protective packaging, automobile, sports & recreational, and building & construction applications. Cross-linked polyethylene (XLPE) foam is a high-density, closed-cell foam that has a compact feel. It resists water and chemicals. The cross-linking of polyethylene is a chemical or irradiation process that ties all of polymer molecules together by a strong chemical bond.
Several properties of XLPE foams are same as those of polyethylene foams. XLPE foams have the ability to protect interior and exterior surfaces. These foams can be placed directly in contact with high-finish surfaces. XLPE foams are used extensively in the packaging of medical products and equipment and several multi-part presentation kits. Most XLPE foams are also available in anti-static formulations.
Availability of Superior Performance Substitutes to Low Density Polyethylene (LDPE) Foams to Hamper Low Density Polyethylene (LDPE) Foams Market
LDPE foams face stiff competition from low-cost core material substitutes such as styrene acrylonitrile (SAN), polyvinyl chloride (PVC), polystyrene (PS), polyurethane (PU), polymethacrylamide (PMI), polyetherimide (PEI), as well as balsa and honeycombs. Polyurethane foams are extensively used due to their low density, thermal conductivity, and good mechanical strength. Additionally, the technology employed for the manufacture of polyurethane foams is well-established. Therefore, these foams are superior to other foams. Polystyrene foams are extensively employed in building and appliance insulation, surfboards, and lightweight protective packaging. Attributes of polystyrene foam such as endurance to the infiltration of moisture & condensation and durability make it a key alternative for usage in the production of sheet metal outer casing and inner liners for refrigerators and freezers.
Polyvinyl chloride foam is made of polyvinyl chloride and polyuria. The resulting product offers characteristics such as good mechanical strength, fire retardancy, chemically resistance, and endurance to bacterial growth. These foams are employed in thermal insulation of non-structural parts, road signs, and sandwich structures of boats, among others.
Request for Discount on This Report at - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3488
Asia Pacific Dominates Low Density Polyethylene (LDPE) Foams Market
Asia Pacific constituted a prominent share of the global low density polyethylene (LDPE) foams market in 2019, due to economic growth and rise in foreign direct investments (FDIs) in India, China, Vietnam, Indonesia, Thailand, and Malaysia. This has boosted automotive and building & construction sectors in the region. China accounted for a prominent share of the low density polyethylene (LDPE) foams market in Asia Pacific in 2019, owing to significant increase in demand for automotive equipment in the country over the last few years. The Government of China supports advancements in technology and increase in production capabilities. China’s National Development and Reform Commission is in the process of supervising a multi-trillion-dollar nationwide project to industrialize the underdeveloped western provinces of the country. This project is expected to boost the low density polyethylene (LDPE) foams market in China during the forecast period.
Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=3488
Key Players in Low Density Polyethylene (LDPE) Foams Market
The global low density polyethylene (LDPE) foams market is consolidated. The top five players — The Dow Chemical Company, Armacell International S.A., Sealed Air Corporation, Zotefoams plc, and JSP — cumulatively held more than 40% share of the global low density polyethylene (LDPE) foams market in 2019. Zotefoams plc was the major producer of LDPE foams with more than 10% share of the global low density polyethylene (LDPE) foams market in 2019. Other companies operating in the global low density polyethylene (LDPE) foams market include a large number of local manufacturers in India and China who produce LDPE foams in smaller volumes and cater to the domestic markets. These are a part of the unorganized market.
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Low Density Polyethylene (LDPE) Foams Market Forecast 2030 here
News-ID: 2294165 • Views: 155
More Releases from Transparency Market Research
Meningitis Diagnostic Testing Market Outlook, Trend, Growth and Share Estimation …
Meningitis Diagnostic Testing Market: Overview The global meningitis diagnostic testing market was valued over US$ 105.5 Mn in 2016 and is projected to register cumulative annual growth rate (CAGR) of over 3.0% from 2017 to 2025, according to a new report published by Transparency Market Research (TMR) titled "Meningitis Diagnostic Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2025". The report suggests that rising demand for innovative
Metformin Hydrochloride API Market to Expand at a CAGR of ~5% from 2021 to 2031
Metformin Hydrochloride API Market: Introduction According to the report, the global metformin hydrochloride API market was valued at ~US$ 300 Mn in 2020 and is projected to expand at a CAGR of ~5% from 2021 to 2031. Metformin hydrochloride is primarily used in the treatment of diabetes. The prevalence of diabetes is expected to increase across the world due to change in lifestyle and factors such as malnutrition and genetic mutations.
Telehealth Market to Reach the Value of US$ 15 Bn by the End of 2028
Telehealth Market: Introduction According to the report, the global telehealth market was valued at US$ 7.8 Bn in 2020 and is projected to expand at a CAGR of 7% from 2021 to 2028. The global telehealth market has witnessed strong growth in the past few years. Telehealth is no longer an option, but a necessity due to the increasing dangers of COVID-19. Read Report Overview - https://www.transparencymarketresearch.com/telehealth-market.html The crisis presents an opportunity
Lyme Disease Treatment Market Growth Trends, Current Demand, and Development Rep …
Lyme Disease Treatment Market: Introduction According to the report, the global Lyme disease treatment market was valued at US$ 1.58 Bn in 2020 and is projected to expand at a CAGR of ~6% from 2021 to 2031. Increase in pet ownership, surge in awareness & adoption of veterinary care, and rise in healthcare expenditure on animals are anticipated to drive the global Lyme disease treatment market from 2021 to 2031.North America
More Releases for LDPE
Global LDPE Extrusion Coating Industry Market Analysis & Forecast 2018-2023
Global LDPE Extrusion Coating Market is assessed to show an earth-shattering development soon attributable to thriving applications and extension of the degree crosswise over changed divisions. Global LDPE Extrusion Coating can be characterized as a covering strategy completed onto a substrate material. It is widely utilized in the applications going from plastics, paper, aluminum foils, cellulose, Non-wovens, plastic movies, polyethylene, paperboard, too ridged fiberboard. Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=4352 Table of
Global LDPE Packaging Market 2017-2021
WiseGuyReports.Com Publish a New Market Research Report On - “Global LDPE Packaging Market 2017-2021”. The analysts forecast the global LDPE packaging market to grow at a CAGR of 5.77% during the period 2017-2021. LDPE packaging refers to the packaging of products using packaging materials. These packaging materials are manufactured using LDPE polymer resins. LDPE is manufactured by the polymerization of ethylene at a high temperature range in a tubular reactor. LDPE consists
Low Density Polyethylene (LDPE) Market - Industry Outlook by 2014-2020
Low Density Polyethylene (LDPE) is a thermoplastic polymer of ethylene made by process of free radical polymerization at high pressure. It has density in the range of 0.910g/cc to 0.940g/cc which results in low tensile strength but high ductility. LDPE offers high electrical & chemical resistance and transparency which makes it ideal to use in end industries such as flexible packaging, automotive, construction, green house, tunnels, insulation coax and others.
Sales of Global LDPE Geomembrane
LDPE Geomembrane Report by Material, Application, and Geography – Global Forecast to 2021 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the LDPE Geomembrane basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures,
Global LDPE Decking Market Research Report 2017
LDPE Decking Revenue, means the sales value of LDPE Decking This report studies LDPE Decking in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering Azek Building Products Cardinal Building Products UPM Kymmene Universal Forest Products Advanced Environmental Recycling Technologies Fiberon Tamko Building Products Certainteed Corporation Duralife
SABIC’S DEDICATED LDPE FOAM GRADES FOR MEAF AND ASIA
Polymeric foams are widely used in numerous areas that encompass building & construction, automotive, packaging, sports & leisure, and more. Enhanced physical properties and excellent foamability of the polymers are key in enabling more efficient material usage and energy savings. At the beginning of 2016, during the Chinaplas event, SABIC announced the launch of two new dedicated foam grades, SABIC® LDPE HP2024JDF and HP2024NDF, for Middle East, African, and Asian