Growing adoption of injection molding technique in the manufacturing industry, coupled with increasing need for LLDPE are key factors driving market revenue growth.
Market Size - USD 58.94 Billion in 2020, Market Growth - CAGR of 4.8%, Market Trends - Rising focus and investments in R&D for producing biodegradable LLDPE products
The global linear low-density polyethylene (LLDPE) market size is expected to reach USD 85.95 Billion in 2028, and register a CAGR of 4.8% during the forecast period. The global market growth is due to growing adoption of LLDPE products by various industries including agriculture, packaging, automotive, and construction, among others.
Additionally, LLDPE possess stronger mechanical properties as compared to other derivatives such as excellent tensile and impact resistance. High tensile product property makes it ideal raw material for producing films. LLDPE-based films are used in various applications where elongation and flexibility are important factors such as hazardous waste liners, geo-membrane liners, canal linings, and in miming sector. These are other major factor expected to drive adoption of linear low-density polyethylene, thereby boosting market growth.
Consumption of LLDPE is expected to increase due to environmental concerns causing due to use of High-Density Polyethylene (HDPE), which is expected to boost growth of the global Linear Low-Density Polyethylene (LLDPE) market.
Some Key Findings From the Report:
For the purpose of this report, the global linear low-density polyethylene (LLDPE) market is segmented on the basis of process, end-use, application, and region:
Process Outlook
End-Use Outlook
Application Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 58.94 Billion in 2020, Market Growth - CAGR of 4.8%, Market Trends - Rising focus and investments in R&D for producing biodegradable LLDPE products
The global linear low-density polyethylene (LLDPE) market size is expected to reach USD 85.95 Billion in 2028, and register a CAGR of 4.8% during the forecast period. The global market growth is due to growing adoption of LLDPE products by various industries including agriculture, packaging, automotive, and construction, among others.
Additionally, LLDPE possess stronger mechanical properties as compared to other derivatives such as excellent tensile and impact resistance. High tensile product property makes it ideal raw material for producing films. LLDPE-based films are used in various applications where elongation and flexibility are important factors such as hazardous waste liners, geo-membrane liners, canal linings, and in miming sector. These are other major factor expected to drive adoption of linear low-density polyethylene, thereby boosting market growth.
Consumption of LLDPE is expected to increase due to environmental concerns causing due to use of High-Density Polyethylene (HDPE), which is expected to boost growth of the global Linear Low-Density Polyethylene (LLDPE) market.
Some Key Findings From the Report:
- Among the process segments, the gas phase segment accounted for the largest revenue share in 2020, as this phase is important for manufacturing of superior quality LLDPE film resins, and is time-saving.
- Among the end-use segments, the packaging segment is expected to register a robust CAGR in terms of revenue during the forecast period.
- Among the application segments, the extrusion molding segment accounted for significantly large revenue share in 2020. The injection molding segment is expected to register a robust revenue growth rate during the forecast period.
- The Asia Pacific market is expected to register the highest revenue growth rate during the forecast period, due to rapid growth of end-use sectors such as automotive, oil & gas, textiles, electronics, and production industries in the region.
- The North America market accounted for the second-largest revenue share in 2020, due to well-established pharmaceuticals as well as food and beverages industries in the region.
- Key players profiled in the report include The Dow Chemical Company, Mitsui and Westlake, Exxon Mobil Corporation, INEOS Group AG, Chevron Phillips Chemical Company LLC, Saudi Basic Industries Corporation (SABIC), Borealis AG, Mitsubishi Chemicals, Nova Chemicals Corporation, LyondellBasell Industries N.V., and Braskem S.A. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global linear low-density polyethylene (LLDPE) market is segmented on the basis of process, end-use, application, and region:
Process Outlook
- Gas Phase
- Slurry Loop
- Solution Phase
End-Use Outlook
- Packaging
- Building and Construction
- Automotive
- Electrical and Electronics
- Others
Application Outlook
- Films
- Injection Molding
- Rotomolding
- Extrusion Molding
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Linear Low-Density Polyethylene (LLDPE) Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of all the major players in the Linear Low-Density Polyethylene (LLDPE) Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Linear Low-Density Polyethylene (LLDPE) Market Segmentation & Impact Analysis
Chapter 5. Linear Low-Density Polyethylene (LLDPE) Market By Process Insights & Trends
Chapter 6. Linear Low-Density Polyethylene (LLDPE) Market By End User Insights & Trends
Chapter 7. Linear Low-Density Polyethylene (LLDPE) Market By Application Insights & Trends
Chapter 8. Linear Low-Density Polyethylene (LLDPE) Market By Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- The Dow Chemical Company
- Mitsui and Westlake
- Exxon Mobil Corporation
- INEOS Group AG
- Chevron Phillips Chemical Company LLC
- Saudi Basic Industries Corporation (SABIC)
- Borealis AG
- Mitsubishi Chemicals
- Nova Chemicals Corporation
- LyondellBasell Industries N.V.
- Braskem S.A.
