2018 Global Report on the Linear Low-Density Polyethylene (LLDPE) Market Forecast to 2022 - Market to Reach $67.83 Billion Growing at a CAGR of 5.5% - ResearchAndMarkets.com

DUBLIN--()--The "Linear Low-Density Polyethylene (LLDPE) Market by Application (Films, Injection Molding, Rotomolding), Process Type (Gas Phase, Solution Phase, Slurry Loop) & Region (APAC, North America, Europe, Middle East, Latin America) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The LLDPE market is estimated to be USD 51.89 Billion in 2017 and is projected to reach USD 67.83 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022.

The growth of the LLDPE market can be attributed to the availability of plastic products at affordable rates and increase in demand for packaging materials.

Based on process type, the gas phase segment is projected to lead the LLDPE market from 2017 to 2022. LLDPE resins manufactured by the gas phase process have high tensile strength and are used in various industrial products, such as custom marine parts, water tanks, and chemical storage containers as well as consumer products, such as food packaging materials, heavy-duty sacks, and stretch films.

The films segment is the largest application segment of the LLDPE market. The growth of the LLDPE market in films application is primarily driven by the demand for LLDPE films from the packaging sector.

Asia Pacific is expected to lead the LLDPE market during the forecast period both, in terms of value and volume. The growth of the Asia Pacific LLDPE market can be attributed to the increasing demand for packaging films from various end-use industries. China is the largest importer of polyethylene in the Asia Pacific region. The high demand for LLDPE resins in China and India is contributing to the growth of the LLDPE market in the Asia Pacific region.

It also discusses competitive strategies adopted by key market players, such as Sinopec (China), LyondellBasell (Netherlands), Exxon Mobil (US), SABIC (Saudi Arabia), The Dow Chemical Company (US), Borealis (Austria), Formosa Plastics (Taiwan), INEOS (Switzerland), and Westlake Chemical (US).

Market Dynamics

Drivers

  • Significant Growth in the Solar Power Industry
  • Increase in Demand for LLDPE in Various Applications

Restraints

  • Rising Concerns Pertaining to Plastic Disposal

Opportunities

  • Increasing Demand for Metallocene-Based LLDPE

Challenges

  • High Capacity-To-Demand Ratio
  • Fluctuation in Crude Oil Prices
  • Challenges Associated With Plastic Recycling

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Capacity Analysis

8 LLDPE Market, by Application

9 LLDPE Market, by Process Type

10 LLDPE Market, by Region

11 Competitive Landscape

12 Company Profiles

  • Borealis AG
  • Braskem
  • Chevron Phillips Chemical Company LLC
  • China Petrochemical Corporation
  • Exxon Mobil Corporation
  • Formosa Plastics Corporation
  • Ineos
  • Lyondellbasell Industries Holdings B.V.
  • Mitsui & Co.
  • Nova Chemicals Corporation
  • Reliance Industries Limited
  • Sabic
  • Sasol Limited
  • The DOW Chemical Company
  • Westlake Chemical Corporation

For more information about this report visit https://www.researchandmarkets.com/research/k2rhn6/2018_global?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastics

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Plastics