Increased demand for low-density polyethylene in various applications such as films and sheets, extrusion coatings, injection molding, and others are expected to drive sales during the forecast period.
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Low Density Polyethylene (LDPE) is a type of thermoplastic polymer known for its low density and flexible properties. LDPE is produced through the polymerization of ethylene monomers, resulting in a polymer with a highly branched structure. It is characterized by its excellent chemical resistance, impact strength, and electrical insulation properties. LDPE is commonly used in various applications such as packaging films, plastic bags, squeeze bottles, toys, and agricultural films. Its flexibility and moisture resistance make it suitable for applications requiring film or sheet materials. LDPE is also recyclable, contributing to its popularity as a sustainable packaging material. The demand for LDPE continues to grow due to its versatility, cost-effectiveness, and widespread applicability in different industries.
The global low density polyethylene market size is predicted to reach a valuation of US$ 43,190.5 Million in 2022. The market is expected to reach US$ 58,782.2 Million by 2029, with sales growing at a rate of 4.5% CAGR over the forecast period of 2022 to 2029. Rising demand for low density polyethylene in multiple applications like extrusion coatings, injection moulding, films, and sheets, among others is expected to boost the market over the forecast period.
Elevated demand for low density polyethylene (LDPE) in end-use industries such as edible & frozen foods, liquid packaging, agriculture, electrical cables, and others is promoting market expansion for low density polyethylene. LDPE is also used in liquid reservoirs, electrical components, and upholstery among others. In addition to varied applications of LDPE, the implementation of strict government regulations aimed at reducing vehicular emissions, compel the automotive industry to shift to lightweight plastics for a variety of uses. Thus the automotive industry is also expected to contribute to low density polyethylene market growth.
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Rising global market demands for LDPE are fueling the incorporation of advanced low density polyethylene manufacturing techniques. These techniques are expected to improve grade quality, reduce production costs, lessen environmental impact, and thereby push manufacturers across the world to optimize their production process. This has ensured the release of new grades of LDPE in the market. All these factors are expected to promote market growth and expansion of low density polyethylene.
Other factors driving the low density polyethylene market are the closure of LDPE plants in Europe, capacity expansions in the U.S., lower cost of feedstock, and developments in tubular reactor technology.
“Rising application of LDPE in films & sheets and coatings, as well as various other end-use industries, will likely supplement the market growth over the forecast period,” says an FMI analyst.
Key Takeaways:
Competitive Landscape
LyondellBasell Industries N.V., GE Analytical Instruments, ExxonMobil Corporation, The Dow Chemical Company, Saudi Basic Industries Corporation (SABIC), BASF-YPC Company Limited, Qatar Petrochemical Company Q.S.C, LG Chem Ltd, DuPont de Nemours, Inc., Braskem S.A., and Formosa Plastics Corporation among others are some of the manufacturers of low density polyethylene profiled in the full version of the report.
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Key players in the global low density polyethylene market are focusing on penetrating new markets in emerging economies. These organizations are improving their manufacturing capacities, increasing their R&D investments, and employing tactics like mergers, acquisitions, and strategic collaborations to gain a competitive advantage.
More Insights into the Low Density Polyethylene Market Report
In its latest report, FMI offers an unbiased analysis of the global low density polyethylene market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2029. To understand the global market potential, growth, and capacity, the market is segmented based on technology (autoclave, tubular), application (films & sheets, extrusion & coatings, injection moulding, others), and region.
Low Density Polyethylene Market by Category
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Low Density Polyethylene , Low Density Polyethylene Market , Low Density Polyethylene Market sales
Jul 09, 2023
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