Market Insights
The linear low-density polyethylene (LLDPE) market was estimated at USD 57.3 billion in 2020 and is likely to grow at a CAGR of 5.2% during 2021-2026 to reach USD 77.3 billion in 2026.
Want to know more about the market scope? Register Here
What is linear low-density polyethylene?
Linear low-density polyethylene exhibits stronger mechanical properties such as excellent impact and tensile resistance, in comparison to other chemical derivatives. It also possesses high tensile properties, which makes it the most suitable raw material for manufacturing films. The LLDPE-based films are widely used in various applications where elongation & flexibility are vital, which is used in geo-membrane liners, hazardous waste liners, canal linings, and in the mining sector.
COVID-19 Impact
The COVID-19 pandemic has moderately affected the Linear Low-density Polyethylene (LLDPE) industry as a result of the shutdown of production activities in chemical processing industries. Moreover, supply chain disruption and restricted transportation further affected the market growth, amid the pandemic.
Linear Low-density Polyethylene (LLDPE) Market Report Highlights
|
Market Size in 2020
|
USD 57.3 billion
|
Market Size in 2026
|
USD 77.3 billion
|
Market Growth (2021-2026)
|
5.2% CAGR
|
Base Year of Study
|
2020
|
Trend Period
|
2015-2019
|
Forecast Period
|
2021-2026
|
Market Dynamics
Rising demand for packaged food products, especially in developing countries of Asia Pacific is a key factor bolstering the industry growth. Also increasing usage of protective films in the agriculture sector to reduce soil erosion & protect against UV rays further boosts the product demand. Moreover, the increasing adoption of LLDPE films in the construction sector as moisture barriers under the concrete structure further proliferate the market growth in the coming years.
Want to have a closer look at this market report? Click Here.
Segments' Analysis
By Application Type
Based on application, the linear low-density polyethylene (LLDPE) market has been classified into films, injection molding, and roto molding. Under these, the film segment held a significant market share of more than 70% in 2020 and is likely to grow at a considered CAGR during the forecast period. Rising protective film demand in agriculture applications for UV ray protection and reducing soil erosion bolsters the segment growth.
Regional Insights
By region, the Asia Pacific market held the largest market share of more than 45% in 2020 and is projected to grow at a healthy CAGR in the coming years. Increasing construction spending of developing countries in the region, easy availability of raw materials, strong presence of product manufacturers, and significant growth of the packaging industry proliferate the regional market growth during the forecast timeline.
Know the high-growth countries in this report. Register Here
Critical Questions Answered in the Report
- What are the key trends in the global market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the global market?
- What are the key strategies adopted by the major vendors to lead in the market?
- What is the market share of the top vendors?
Market Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The linear low-density polyethylene (LLDPE) market is segmented into the following categories.
By Process Type
- Gas Phase
- Solution Phase
- Slurry Loop
By Application Type
- Films
- Injection Molding
- Rotomolding
By Region
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Click Here, to learn the market segmentation details.
Key Players
Key players operating in the market are-
- Nova Chemicals Corporation (Canada)
- Reliance Industries (India)
- LyondeBassells Industries N.V (Netherlands)
- SABIC (Saudi Arabia)
- China Petroleum & Chemical Corporation (Sinopec Corporation) (China)
- Exxon Mobil Corporation (US)
- Borealis (Austria)
- Sasol (South Africa)
- Chevron Phillips Chemical Company (US)
- The Dow Chemical Company (US)
Target Audience
Here is the list of the group of customers that the Linear Low-density Polyethylene (LLDPE) Market hopes to have the greatest opportunity to convert-
- Linear Low-density Polyethylene (LLDPE) companies
- Linear Low-density Polyethylene (LLDPE) distributors
- Polymer companies
- Government organizations
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation, and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
|
Relevant contents in the report
|
How big is the sales opportunity?
|
In-depth Analysis of the Linear Low-density Polyethylene (LLDPE) Market
|
How lucrative is the future?
|
Market forecast and trend data and emerging trends
|
Which regions offer the best sales opportunities?
|
Global, regional, and country-level historical data and forecasts
|
Which are the most attractive market segments?
|
Market Segment Analysis and Forecast
|
Which are the top players and their market positioning?
|
Competitive landscape analysis, Market share analysis
|
How complex is the business environment?
|
Porter’s five forces analysis, PEST analysis, Life cycle analysis
|
What are the factors affecting the market?
|
Drivers & challenges
|
Will I get the information on my specific requirements?
|
10% free customization
|
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the process types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.