Global Low-density Polyethylene (LDPE) Market 2017-2021

Overview of the global low-density polyethylene (LDPE) market

The demand for LDPE is expected to increase due to the growing demand for films and sheets in packaging, agricultural, electronics, and other applications. LDPE produces films that contains good impact resistance and heat sealing characteristics. Owing to LDPEs adoption in packaging products, there is increase in demand for plastic packaging that will drive the growth of the LDPE market. Technavio’s market research report has identified growing demand from films application as one of the primary factors that will fuel the growth of the low-density polyethylene market in the coming years. Consumers prefer transparent and easy-to-open packaging that protects food from moisture. Technavio’s market research analysts predict that this global market will post a CAGR of more than 2% by 2021.

The growing demand for bio-based films is identified to be one of the key trends contributing towards the growth of the low-density polyethylene (LDPE) market. The growing demand for sustainable products in packaging developmet is influencing the demand for environment-friendly films. Governments of countries such as UK, Canada, Germany, the US, and France have adopted strict policies for the contents of the materials used in packaging. Moreover, the increasing concerns related to plastic packaging and non-biodegradibility of plastic packaging will boost the demand for bio-based films.

Competitive landscape and key vendors

The LDPE market is highly fragmented due to the presence of several large and regional vendors. The regional vendors are present specially in developing regions like APAC and in emerging economies such as India, Brazil, Mexico, Angola, and China. Upsurge in industrialization and urbanization have triggered the entry and growth of the domestic vendors, that will intensify the competition in the low-density polyethylene market.

The leading vendors in the market are-

• Borealis
• China Petroleum & Chemical Corporation
• ExxonMobil
• LyondellBasell Industries Holdings
• The Dow Chemical Company

The other prominent vendors in the market are Braskem, Chevron Phillips, INEOS, Mitsui Chemicals, NOVA Chemicals, Reliance Industries, SABIC, Sasol, USI Corporation, Versalis, and Westlake Chemical.

Segmentation by application type and analysis of the low-density polyethylene (LDPE) market

• Films
• Extrusion coating
• Injection molding

During 2016, the films segment accounted for the major shares of the LDPE market. The plastic films find its application in household items and to separate areas or volumes. LDPE possess excellent physical and chemical properties and are widely used in industries such as food packaging, pharmaceuticals, agriculture, consumer goods, construction, and personal care. LDPE films provide benefits such as ease of sealing, low cost, and good product protection, that drive the low-density polyethylene market.

Segmentation by geography and analysis of the low-density polyethylene (LDPE) market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the LDPE market throughout the forecast period. Owing to the increasing population and growing middle-class income in APAC, the low-density polyethylene market is gaining traction. Moreover, the increasing consumption of food and beverages, electronics, cosmetics, and others will aid in the growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global low-density polyethylene (LDPE) market?
• What are the key market trends impacting the growth of the global low-density polyethylene (LDPE) market?
• What are the challenges to global low-density polyethylene (LDPE) market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global low-density polyethylene (LDPE) market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global low-density polyethylene (LDPE) market?

Technavio also offers customization on reports based on specific client requirement.