LLDPE Market (Application - Packaging and Nonpackaging Films and Coatings, Injection and Blow Molding, Containers, Tanks, Toys, and Rotational Molded Outdoor Products, Sheets; Grade - Extrusion Grade, Injection Molding Grade, Rotomolding) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022
Press Release :
Global LLDPE Market: Snapshot
The global LLDPE market is expected to grow at a healthy pace in the coming few years, thanks to the significant rise in the demand for advanced materials in the packaging sector. The rise in the investments in research and development activities and technological advancements in this field are further anticipated to encourage the growth of the global LLDPE market in the next few years. In addition to this, the rising investments for the development of the solar power industry is predicted to boost the demand for LLDPE market in the near future.
Increasing Number of Applications to Drive Global LLDPE Market
According to the market research study by Transparency Market Research, in 2017, the global market for LLDPE was worth US$52.2 bn and is predicted to reach a value of US$70.6 bn by the end of 2022. The market is estimated to register a healthy 6.20% CAGR between 2017 and 2022.
A significant rise in the growth of the global solar power industry is considered as one of the key factors estimated to enhance the growth of the global LLDPE market in the next few years. The rise in the demand for LLDPE in several applications is another key factor that is predicted to encourage the growth of the market in the near future. On the flip side, the increasing concerns related to the plastic disposable and the fluctuations in the prices of crude oil are projected to hamper the growth of the global LLDPE market in the coming years. Moreover, the high capacity to demand ratio and the challenges regarding the plastic recycling are projected to restrict the market growth in the near future. Nonetheless, the rise in the demand for metallocene-based LLDPE is predicted to offer potential growth opportunities for the market players in the near future.
Asia Pacific to be Leading Contributor in Global LLDPE Market
The global LLDPE market has been classified on the basis of geography into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. Among these, Asia Pacific is expected to hold a major share of the market and maintain its leading position in the next few years. This region is estimated to register a promising 6.60% CAGR between 2017 and 2022. The rise in the number of applications is estimated to augment the growth of the Asia Pacific LLDPE market in the next few years. Furthermore, North America is expected to witness healthy growth and contribute significantly towards the growth of the market in the next few years. The presence of several leading players is predicted to enhance the market growth in the coming few years. Europe is anticipated to register a steady growth rate in the coming few years.
The global LLDPE market is competitive in nature and is expected to witness a significant rise in the level of competition among the key players in the next few years. The rise in the number of mergers and acquisitions and strategic collaborations and the growing focus on research activities are some of the key factors that are expected to augment the growth of the overall market in the next few years. Some of the key players operating in the LLDPE market across the globe are Exxon Mobil Corporation, SABIC, Mubadala Investment Company, Mitsubishi Chemical Holdings Corporation, Sasol Limited, The Dow Chemical Company, Formosa Plastics Corporation, LyondellBasell Industries NV, Reliance Industries Ltd., and Mitsui Chemicals Inc.
Global LLDPE Market: Overview
The global LLDPE market report examines a market rife with promising investment opportunities following the unfolding of several positive developments for the market in recent years. The LLDPE market is analyzed in the report in terms of its future growth potential over the 2017-2022 forecast period. The historical growth trajectory exhibited by the global LLDPE market from 2012 to 2017 is assessed in the report with the help of detailed factbanks demonstrating the direction taken by various components of the LLDPE market in recent years. The present condition of the LLDPE market and the path taken by it to reach its present figures is analyzed in full in the report to present readers with accurate information about how the global LLDPE market is positioned at present and where it stands to grow in the coming years. Segmentation and key drivers of the global LLDPE market are assessed in the report in order to provide readers with a clear picture of the LLDPE market’s growth prospects in the coming years.
According to Transparency Market Research, the global LLDPE market is expected to rise to a valuation of US$52.2 bn by the end of 2017 and further rise to US$70.6 bn by the end of 2022, exhibiting a solid 6.2% CAGR therein.
Global LLDPE Market: Dynamics
The rapidly advancing LLDPE market stands to gain from several developments in the global economic and industrial fields, which have brought about conducive conditions for widespread adoption of LLDPE in a number of industrial sectors. The major drivers and restraints having a decisive impact on the growth trajectory of the global LLDPE market are assessed in the report in order to provide readers with an accurate portrayal of the factors likely to determine the global LLDPE market in the 2017-2022 forecast period. Analysis of the major drivers and restraints of the LLDPE market will enable market players to formulate market strategies tailored to make the most of the LLDPE market’s driving factors while avoiding damage due to the restrictive effects hampering growth of the LLDPE market.
Global LLDPE Market: Segmentation
The report provides a comprehensive view of the global LLDPE market by illustrating its granular composition in terms of the leading contributors to the market by each criterion. The report studies the growth patterns of each segment of the LLDPE market from 2012 to 2017 in order to provide clear indicators to readers about the direction the segments are likely to take in the 2017-2022 forecast period.
The report segments the global LLDPE market by application into packaging and nonpackaging films and coatings, injection and blow molding, sheets, and containers, tanks, toys, rotational molded outdoor products, etc. By grade, the global LLDPE market is segmented into extrusion grade LLDPE, injection molding grade LLDPE, rotomolding grade LLDPE, and others. To understand the geographical distribution of the global LLDPE market, the report studies the performance of the LLDPE market in North America, Latin America, Europe, the Middle East and Africa, Japan, and Asia Pacific except Japan.
Global LLDPE Market: Competitive Dynamics
The report sheds light on the competitive dynamics of the global LLDPE market by performing a crucial analysis of the leading players operating in the global market. Key companies in the global LLDPE market include The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries NV, Mitsui Chemicals Inc., SABIC, Mubadala Investment Company, Formosa Plastics Corporation, Reliance Industries Ltd., Mitsubishi Chemical Holdings Corporation, and Sasol Limited.