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Published Date: 2015-08-17Number of Pages: 126

Linear Low-density Polyethylene (LLDPE) Market (Applications - Films, Injection Molding, Rotomolding) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Linear Low-density Polyethylene (LLDPE) Market: Snapshot

The global linear low-density polyethylene (LLDPE) market is anticipated to exhibit high growth rate during the forecast period 2015-2023 due to increasing applications in household products, packaging, automotive, and agriculture segments. LLDPE has enhanced mechanical properties such as impact resistance and high tensile strength. It is a substantially linear polymer produced by copolymerization of ethylene with longer-chain olefins and has significant numbers of short branches. Gas-phase polymerization and solution polymerization are two primary techniques used in the manufacture of LLDPE.  

It is estimated that the global market for LLDPE will reach the value of US$59.8 bn in 2023 from its initial value of US$35.4 bn in 2014. The market is expected to expand at a steady CAGR of 6.0% over the forecast period 2015-2023.

Films Segment Emerges Dominant Due to Increasing Applications in Packaging Industry 

Linear low-density polyethylene is used in applications such as pipes and conduits, sheets, wires and cables, rotomolding, injection molding, and films. Among these, the films segment held dominance, accounting for more than 70% share in the overall market in 2014. Furthermore, this application segment is anticipated exhibit a steady CAGR of 5% over the forecast period. LLDPE resins are used for blown and cast films to make them puncture, tear, and high impact resistant. LLDPE is used for the production of films such as overwrap, heavy-duty bags, personal care film, lamination, heavy-duty sacks, stretch films, and agricultural films. These films are utilized in end-user industries such as toys, marine, housewares, automotive, construction, agriculture, and packaging. The massive expansion of the flexible packaging industry is further expected to help the films segment to expand with higher rate.

The rising demand for LLDPE in manufacturing of rotomolding and injection molding is most likely to boost the market growth over the forecast period. Moreover, prominent players are innovating their products resulting in increasing number of applications of linear low-density polyethelene.

Asia Pacific leads the Market Owing to Expansion of Flexible Packaging Market 

On the basis of geography, the global market can be segmented into the Middle East & Africa (MEA), Latin America, Asia Pacific, Europe, and North America. Considering volume sold, Asia Pacific contributed the major share in the overall market in 2014. The robust flexible packaging industry in the developing countries such as China and India is leading to the proliferation of the LLDPE market over this region. In 2014, Asia Pacific accounted for more than 40% share of the global market. Furthermore, it is anticipated that this region will showcase highest rate of growth over the forecast period owing to increasing consumption of LLDPR in India, China, and ASEAN. Increasing demand for films in the agriculture industry and growth in the flexible packaging industry are most likely to help this market gain momentum in the coming years.

In addition, Latin America is anticipated to show high demand for LLDPE due to growth witnessed in the region’s packaging industry. The Europe LLDPE market is expected to show a moderate growth due to sustained growth of economy. The Middle East and Africa segment is projected to demonstrate an impressive rate of growth in near future.

Key players in this market are constantly improving their product quality through extensive research and development. Some of the prominent companies operating in this market are Braskem S.A., Sasol Limited, NOVA Chemicals Corporation, Chevron Phillips Chemical Company LLC, INEOS Group AG, China Petroleum & Chemical Corporation (Sinopec Corporation),  Formosa Plastics Corporation, U.S.A. (Formosa Plastics),  Borealis AG, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries N.V., The Dow Chemical Company, and Exxon Mobil Corporation.

 
This report analyzes and forecasts the market for LLDPE at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023. The study includes drivers and restraints of the global LLDPE market. It also covers the impact of these drivers and restraints on demand for LLDPE during the forecast period. The report also highlights opportunities in the LLDPE market at the global and regional level.
 
The report includes a detailed value chain analysis, which provides a comprehensive view of the global LLDPE market. Porter’s Five Forces Model for the LLDPE market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
 
The study provides a decisive view of the global LLDPE market by segmenting it in terms of applications. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The report also covers demand for individual applications in all the regions.
 
The study includes profiles of major companies operating in the global LLDPE market. Key players profiled in the report include Exxon Mobil Corporation, The Dow Chemical Company, LyondellBasell Industries N.V., Saudi Basic Industries Corporation (SABIC), Borealis AG, Formosa Plastics Corporation, U.S.A. (Formosa Plastics), China Petroleum & Chemical Corporation (Sinopec Corporation), INEOS Group AG, Chevron Phillips Chemical Company LLC, NOVA Chemicals Corporation, Sasol Limited, and Braskem S.A. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
 
The report provides the estimated market size of LLDPE for 2015 and forecast for the next eight years. The global market size of LLDPE is provided in terms of both volume and revenue. Market volume is defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on key applications of LLDPE. Market size and forecast for each major application is provided in terms of global and regional markets.
 
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
 
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, oneSOURCE, Factiva, and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
 
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
 
The report segments the global LLDPE market as follows:
 
LLDPE Market: Application Analysis
  • Films
  • Injection molding
  • Rotomolding
  • Others 
LLDPE Market: Regional Analysis
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC 
    • South Africa
    • Rest of MEA


 
 
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