Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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 levels 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.
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.
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.
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.
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