LLDPE Market - Packaging and Nonpackaging Films and Coatings to Dominate Global Market

The global LLDPE market has exhibited rapid growth in the last few years on the back of steady drivers such as the growth of the packaging industry and is likely to be a key beneficiary of likely developments in the global economic cycle in the coming years. The LLDPE market has been profiled in detail in the report to provide readers with a clear idea of the market’s historical development trajectory and growth prospects over the 2017-2022 forecast period. The key drivers affecting growth of the LLDPE market are profiled in the report in reference to their broader macroeconomic context in order to enable readers to gain clear understanding of the major factors aiding expansion of the LLDPE market over the 2017-2022 forecast period.

According to Transparency Market Research, the global LLDPE market is likely to exhibit a steady 6.2% CAGR over the 2017-2022 forecast period, with the market’s valuation expected to rise from US$52.2 bn by the end of 2017 to US$70.6 bn by the end of 2022.

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The global LLDPE market is segmented by application into packaging and nonpackaging films and coatings, injection and blow molding, sheets, and containers, tanks, toys, rotational molded outdoor products etc. Of these, packaging and nonpackaging films and coatings are likely to be the dominant contributor to the global LLDPE market over the 2017-2022 forecast period. The packaging and nonpackaging films and coatings segment was valued at US$36.4 bn in 2017, representing close to 72% of the global LLDPE market. The segment is likely to exhibit a solid 6.1% CAGR over the 2017-2022 forecast period, with its valuation expected to rise to US$48.9 bn by the end of 2022. The market share of packaging and nonpackaging films and coatings in the global LLDPE market is likely to fall slightly to 71.4% over the 2017-2022 forecast period, although the annual growth figure of the segment – US$2.5 bn – is by far the largest in the global LLDPE market.

Asia Pacific except Japan to Remain Leading Contributor to Global LLDPE Market

Regionally, the report studies the performance of the LLDPE market in North America, Latin America, Europe, the Middle East and Africa, Japan, and Asia Pacific except Japan. Of these, Asia Pacific except Japan is likely to remain the leading contributor to the global LLDPE market over the 2017-2022 forecast period, with the regional market expected to rise to a valuation of US$36.6 bn by the end of the forecast period. The Asia Pacific except Japan market for LLDPE is thus likely to retain a majority share in the global LLDPE market over the 2017-2022 forecast period, cementing its supremacy with a strong 6.6% CAGR over the forecast period.

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North America to Remain Key Contributor with 6% CAGR 2017-2022

North America is also likely to remain among the key regional markets for LLDPE over the 2017-2022 forecast period, with the regional LLDPE market likely to exhibit a steady 6% CAGR therein. Valuation of the North America LLDPE market is likely to rise from US$7.7 bn to US$10.4 bn between 2017 and 2022. The LLDPE market in Europe, meanwhile, is expected to generate an absolute opportunity of close to US$2.2 bn over the 2017-2022 forecast period.

Global LLDPE Market: Competitive Dynamics

Key companies in the global LLDPE market include The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries NV, Mitsui Chemicals Inc., SABIC, Mubadala Investment Company, Formosa Plastics Corporation, Reliance Industries Ltd., Mitsubishi Chemical Holdings Corporation, and Sasol Limited.

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This release was published on openPR.