DUBLIN--(BUSINESS WIRE)--The "India Low Density Polyethylene (LDPE) (Comprehensive Techno-Commercial) Market Study, 2013-2030" report has been added to ResearchAndMarkets.com's offering.
Low Density Polyethylene (LDPE) demand in India stood at 903 KTPA in 2019 and is expected to grow at a healthy CAGR during the forecast period.
This demand can be attributed to the growing need for high impact strength-based product applications such as film, expandable packaging, etc. Its properties of low water absorption, good weatherability and processability also make it an ideal choice in manufacturing of containers, dispensing bottles, tubes, wires and cables, plastic bags, etc. Moreover, government policies such as Make In India and Smart Cities Mission would further propel the demand for LDPE products in the country for construction and infrastructure applications.
Currently, Reliance Industries Limited is the only manufacturer of LDPE in India and the company recently increased its installed capacity at Jamnagar petrochemical complex to meet the growing domestic LDPE demand. The company uses LyondellBasell's Lupotech technique for LDPE production.
Hence, to fulfill the total market demand for LDPE, India imports from other global LDPE manufacturers countries such as UAE, Saudi Arabia, China, USA, among others. The major global producers of LDPE are Rakha Al-Khaleej International (RAI) FZCO, Abu Dhabi Polymers Company (Borouge), Saudi Kayan Petrochemical Co., Sinopec Corp., Beijing Yanshan Petrochemical Co., Ltd., ExxonMobil Chemical Co, Qatar Petrochemical Company, Borealis AB, The Dow Chemical Company, LyondellBasell, Saudi Basic Industries Corporation (SABIC), etc.
Further a massive growth can be witnessed in the LDPE's market by 2030.
Years Considered for this Report:
- Historical Years: 2013 - 2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2021 - 2030
Key Target Audience:
- LDPE manufacturers and other stakeholders
- Organizations, forums and alliances related to LDPE distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
For more information about this report visit https://www.researchandmarkets.com/r/37fs2