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Low-Density Polyethylene (LDPE) Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 125 Pages
  • January 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 4774949
Market Overview

The market for low-density polyethylene (LDPE) is anticipated to register a CAGR of over 4%, during the forecast period. Increasing demand for flexible packaging, from various end-user industries, is expected to drive the demand for the market during the forecast period. The demand for a substitute, such as LLDPE and HDPE, in the regions, such as North America, Europe, etc., is likely to hinder the market studied.
  • Increasing demand for LDPE in the pharmaceutical industry is likely to act as an opportunity for the market studied, in the future.
  • The Asia-Pacific region dominated the global market, with the largest consumption recorded.

Key Market Trends

Increasing Demand for Films and Sheets to Boost the Market
  • Low-density polyethylene is being used in different end-user industries because of their properties of chemical resistance, flexible, soft, etc. Some of the major end-user industries include Packaging, Electrical & electronics.
  • Low-density polyethylene is majorly used in the food industry for packaging applications. It can hold products without emitting harmful chemicals. Owing to less moisture content it is used in the storage of food items.
  • The packaging is the largest application sector for LDPE. The robust demand from developing countries such as India and China.
  • However, the demand for the LDPE is being hindered by increasing usage of HDPE in developed countries such as the United States.
  • All the aforementioned factors, is expected to increase the demand for the LDPE from various industries. This, in turn, expected to drive the demand for the Low density polyethylene during the forecast period.

Asia-Pacific Region to Dominate the Market
  • Asia-Pacific dominated the global market, with a share of more than 30%. This growth is majorly due to the rising demand from the packaging industry, in countries, such as China, India, and Japan.
  • Industries in Asia-Pacific, such as food and beverages, are propelling the market growth.
  • China is the largest consumer of packaging in the region. By 2020, China is expected to be responsible for around half of the world's packaging consumption growth.
  • The estimated value of the packaging industry in India is about USD 14 billion, and it is expected to grow further.
  • The increase in lightweight packaging in industries, such as electronics, healthcare, and food and beverages, in the region is driving the growth of the market studied.\

Competitive Landscape

The low-density polyethylene market is fragmented in nature. Key players in the market studied include Exxon Mobil Corporation, LyondellBasell, Dow, LG Chem, Chevron Phillips Chemical Company, etc.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Drivers
4.1.1 Rise in Demand from Flexible Packaging
4.1.2 Surging Demand for Film and Sheets
4.2 Restraints
4.2.1 Substitution of Other Polyethylene Products
4.2.2 Banning of Plastics
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5.1 End-user Industry
5.1.1 Agriculture
5.1.2 Electrical and Electronics
5.1.3 Packaging
5.1.4 Construction
5.1.5 Other End-user Industries
5.2 Geography
5.2.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.2.2 North America United States Canada Mexico
5.2.3 Europe Germany United Kingdom Italy France Rest of Europe
5.2.4 South America Brazil Argentina Rest of South America
5.2.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Chevron Phillips Chemical Company
6.4.2 China Petrochemical Corporation
6.4.3 DowDuPont
6.4.4 Exxon Mobil Corporation
6.4.5 Formosa Plastics Corporation
6.4.6 LG Chem
6.4.7 LyondellBasell
6.4.8 National Petrochemical Company
6.4.9 NOVA Chemicals Corporation
6.4.10 Reliance Industries Limited
6.4.11 Westlake Chemical Corporation
7.1 Increasing Demand for LDPE in Pharmaceutical Industry

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Chevron Phillips Chemical Company
  • China Petrochemical Corporation
  • DowDuPont
  • Exxon Mobil Corporation
  • Formosa Plastics Corporation
  • LG Chem
  • LyondellBasell
  • National Petrochemical Company
  • NOVA Chemicals Corporation
  • Reliance Industries Limited
  • Westlake Chemical Corporation