Linear Low Density Polyethylene (LLDPE) Market Report

Market Insights

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.

The Linear Low-density Polyethylene (LLDPE) market is projected to grow from USD 57.3 billion in 2020 to USD 77.3 billion by 2026 at a CAGR of over 5.2% during the forecast period.

Figure: Linear Low-density Polyethylene (LLDPE) Market Size, 2020-2026 (USD Billion)

Wish to get a free sample. Register Here

Market Drivers

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 & protection 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 proliferates the market growth in the coming years.

COVID-19 Impact on Linear Low-density Polyethylene (LLDPE) Market

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.

Segments' Analysis

Application Trends

Based on application, the Linear Low-density Polyethylene (LLDPE) market has been classified into films, injection molding, and roto-molding. Under these, the film's segment held a significant market share of over 72% in 2020 and is likely to grow at a considered CAGR during the forecast period. Rising protective films demand in agriculture application for UV rays protection and reducing soil erosion bolsters the segment growth.

Regional Trends

By region, the Asia Pacific market held the largest market share of almost 48% 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 material, strong presence of product manufacturers, and significant growth of the packaging industry, proliferates the regional market growth during the forecast timeline.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Linear Low-density Polyethylene (LLDPE) market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report-

• What are the key trends in the Linear Low-density Polyethylene (LLDPE) 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 Linear Low-density Polyethylene (LLDPE) market? 
• What are the key strategies adopted by the major vendors to lead in the Linear Low-density Polyethylene (LLDPE) market?
• What is the market share of the top vendors?

Get the full scope of the report. Register Here

Key Players

Key players operating in the Linear Low-density Polyethylene (LLDPE) 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

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 at sales@stratviewresearch.com.