Press release
Global LLDPE Market Revenue to surpass USD 60 billion by 2024
Linear Low Density Polyethylene (LLDPE) Market is winning an edge over other polyethylene derivatives such as LDPE and HDPE, due to its superior tensile strength that makes it suitable for a wide forum of application including domestic sector packaging, agriculture, and automotive industry. LLDPE is extensively used as films in food packaging industry where elongation and flexibility are the basic requirements. Global packaging industry is set to touch the trillion-dollar bench mark in terms of revenue by 2024, which is anticipated to have a linear influence on LLDPE market in the years ahead.
Request for sample of this report@
www.gminsights.com/request-sample/detail/1206
Key insights pertaining to the application and regional outlook of Linear low density polyethylene (LLDPE) market:
North America linear low density polyethylene industry worth USD 7 billion in 2015, is set to establish its strong prominence, owing to the rise in infrastructural projects and high living standards of major population base. This region is also gaining high profit from the booming automobile industry with high demand from automotive biggies like General Motors.
Increase in infrastructural activities in emerging countries is likely to contribute majorly to Asia Pacific LLDPE industry growth with China and India construction spending around USD 1.75 trillion and USD 420 billion respectively in 2015. Asia Pacific linear low density polyethylene market is thus witnessing a robust growth, having had over 45% of the overall industry share in 2015.
Europe LLDPE industry is also expanding its base, being one of the largest automobile manufacturers with major suppliers from Germany and Sweden. Europe is growing at a fast pace in telecommunication, meat packaging, and electronics industries which in turn is driving the industry growth. Increasing adoption of rotomolding technology in these mentioned sectors coupled with rapid industrialization will set Europe to grow at an annual rate of 5% over the period of 2016-2024.
Browse Source Report@
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), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
https://www.gminsights.com/industry-analysis/linear-low-density-polyethylene-LLDPE-market
LLDPE Films covered over 70% of the application landscape in 2015 and will register substantial growth rate over the years ahead. The growth can be attributed to the heavy demand for protective films across the agriculture sector to reduce soil erosion and combat the effect of harmful UV rays. In addition to this, large scale adoption of LLDPE films in construction and packaging sector will further add to its growth.
Another major application driving linear low density polyethylene market is rotomolding, which was worth over USD 4.4 billion in 2015 and is anticipated to generate a revenue of more than USD 6.9 billion by 2024. Owing to the economic benefits of rotomolding over other molding techniques such as blow molding and its escalating usage across the end-use sectors such as automotive, construction, packaging, water treatment, and agriculture will push the application growth.
Growing global concerns relating to environmental hazards from non-biodegradable products may slow down the market expansion over the span of few years. However, owing to its superior mechanical properties, the application spectrum of LLDPE industry is widening particularly across the construction, packaging, and agriculture sectors. This is set to build a promising path ahead for linear low density polyethylene market.
Make an inquiry before purchase of this report@
www.gminsights.com/inquiry-before-buying/1206
Key industry players include Chevron Phillips Chemical Company LLC, LyondeBassells Industries N.V., Mitsubishi Chemicals, INEOS Group AG, Saudi Basic Industries Corporation (SABIC), The Dow Chemical Company, and Nova Chemicals Corporation.
About Global Market Insights, Inc.:
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.
Contact us:
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: www.gminsights.com/
This release was published on openPR.
Permanent link to this press release:
Copy
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 Global LLDPE Market Revenue to surpass USD 60 billion by 2024 here
News-ID: 721145 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
More Releases for LDPE
LDPE Prices, Chart, Trend, News, Demand and Forecast
𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝗟𝗼𝘄 𝗗𝗲𝗻𝘀𝗶𝘁𝘆 𝗣𝗼𝗹𝘆𝗲𝘁𝗵𝘆𝗹𝗲𝗻𝗲 𝗣𝗿𝗶𝗰𝗲𝘀 𝗠𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗤𝟯:
𝗟𝗼𝘄 𝗗𝗲𝗻𝘀𝗶𝘁𝘆 𝗣𝗼𝗹𝘆𝗲𝘁𝗵𝘆𝗹𝗲𝗻𝗲 𝗣𝗿𝗶𝗰𝗲𝘀 𝗶𝗻 𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀:
During Q3 2024, low-density polyethylene (LDPE) prices in the United States fell to 1220 USD/MT by September, marking a challenging period for the market. The decline was primarily driven by excess supply and reduced demand in key industries, which weakened pricing power.
Additionally, supply chain vulnerabilities, exacerbated by hurricane-related disruptions and volatility in feedstock and upstream material…
LDPE Blow Molding Film Common Faults And Solutions
LDPE films are generally made by both blow molding and casting processes. Cast polyethylene film has a uniform thickness, but is rarely used due to its high price. Blown polyethylene film is made from blow-molded grade PE pellets by blow-molding machines, which is the most widely used because of its lower cost.
Low-density polyethylene film is a semi-transparent, glossy, soft texture of the film, with excellent chemical stability, heat sealing, water…
Low-Density Polyethylene Market Analysis and Forecast to 2033: By Type (LDPE Fil …
Market Definition
The Low-Density Polyethylene (LDPE) market is a key segment within the plastics and polymer industry, providing a versatile and widely used thermoplastic polymer with numerous applications. LDPE, characterized by its flexibility, transparency, and resilience, is a crucial material in packaging, agriculture, construction, and various consumer goods. The LDPE market plays a pivotal role in supporting diverse industries that benefit from its excellent processing properties and wide-ranging applications.
Market Outlook
The Low-Density…
Ldpe Decking Market Size to Hit $ 6.93 Billion by 2028 | Ldpe Decking Industry F …
Market Overview:
According to our experience research team, Ldpe Decking Market was valued at USD 2.92 Billion in 2021, and the global Ldpe Decking industry is projected to reach a value of USD 6.93 Billion by 2028, at a CAGR of 11.41% during the forecast period 2022-2028
Vantage Market Research is a collection of market research studies on several industries, such as Chemicals, semiconductors & Electronics, Food & Beverages Technology, Energy &…
Low Density Polyethylene (LDPE) Foams Market Forecast 2030
Albany, NY - Low Density Polyethylene (LDPE) Foams Market: Introduction
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…
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,…
