Request Discount

Low Density Polyethylene (LDPE) Market (Application - Film & Sheets, Extrusion Coating, Injection Molding, and Others; End-user - Packaging, Automotive, Construction, Electrical & Electronics, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : February, 2021

  • Rep Id : CM00846

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on low density polyethylene (LDPE) market provides in-depth analysis of segments and sub-segments in the global as well as regional low density polyethylene (LDPE) market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional low density polyethylene (LDPE) market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global low density polyethylene (LDPE) market. According to the report, the global low density polyethylene (LDPE) market is projected to grow at a CAGR of 4.1% over the forecast period of 2020-2026.

 

Market Insight

Evolution of plastics and resins made of petrochemicals has transformed several industrial sectors. Plastics and resins including polyester, polyethylene, polyurethane, polystyrene and others have exceptional physical and chemical properties. The enhanced physical and chemical properties of the plastics have augmented their use in various industries for numerous applications. Moreover, the plastics could be formed with different level of densities depending upon the application. The lower density polyethylene (LDPE) are lightweight plastics used in shopping bags, juice boxes, toys, and in insulation on electrical wires and cables. LDPE has enhanced characteristics including resistant to impact, moisture, and chemicals. Such chemical and physical properties augment the use of LDPE in the sectors including construction, packaging, automotive, electronics, sports, aerospace, and medical.

 

The spread of COVID-19 pandemic has put stress on food and pharmaceutical industry. The demand for food products and pharmaceuticals has increased during the pandemic, as many people are buying excess of foods and pharmaceuticals to stockpile for future needs. Several food and pharmaceutical use LDPE for packaging of their products. This, in turn, is expected to boost the demand for LDPE during the pandemic. However, the flow of goods has been hit hard by the spread of coronavirus. Several governments have executed stringent regulations on transport of goods as a preventive measure for pandemic. Disrupted logistics is one of the major obstacles for the LDPE market during the period of COVID19. The growing demand from packaging industry for lighter and stronger material is expected to majorly drive the growth of LDPE market. Apart from being light and strong, LDPE packaging has better moisture, heat and air barrier as compared to other plastic or paper material. Improved moisture, heat and air resistance provided by the LDPE keeps the food products and pharmaceuticals inside the packaging unspoiled. Moreover, LDPE is cheaper as compared to other plastic materials including polystyrene, nylon, and PET. The cost of production for LDPE is almost 10 times less than that of the other polymers. Lower production cost of LDPE is mainly due to the high availability of raw feedstock and large production volumes, which augments the demand for LDPE. However, the growing concern regarding the impact of LDPE on environment is majorly restraining the market growth. On the other hand, rise in the investment for R&D of innovative packaging material is expected to offer favorable opportunities for LDPE over the forecast period.

 

Among the geographies, Asia Pacific region generated the highest revenue for the LDPE market. Developing economies including China and India are majorly contributing to the growth of the market. The market is expected to register huge growth on account of the presence of larger consumer base. Furthermore, the easy availability of the raw materials in the region is expected to support the market growth. The expanding food and pharmaceutical industries in the region along with increasing government budget for the healthcare sector in China, Japan, India, and East Asian countries are anticipated to provide positive opportunities for the market across the region.

 

Segment Covered

The report on global low density polyethylene (LDPE) market covers segments such as application, and end-user. On the basis of application, the sub-markets include film & sheets, extrusion coating, injection molding, and others. On the basis of end-user, the sub-markets include packaging, automotive, construction, electrical & electronics, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as The Dow Chemical Company, Exxon Mobil Corporation, The National Petrochemical Company, The China Petroleum and Chemical Corporation, LG Chem Ltd., Chevron Phillips Chemical Company, LLC, LyondellBasell Industries N.V., BASF-YPC Company Limited, Formosa Plastics Corporation, and Braskem S.A.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of low density polyethylene (LDPE) market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Other Reports in This Category
24 hour delivery through email
9923950043 Monday to Frieday 9am-7pm
looking for discount