Low Density Polyethylene (LDPE) is a
thermoplastic polymer of ethylene made by process of free radical
polymerization at high pressure. It has density in the range of 0.910g/cc to
0.940g/cc which results in low tensile strength but high ductility. LDPE offers
high electrical & chemical resistance and transparency which makes it ideal
to use in end industries such as flexible packaging, automotive, construction,
green house, tunnels, insulation coax and others.
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Rising demand from automotive and
construction industry is expected to drive LDPE market. Changing lifestyle and
rising disposable income is driving the automotive market. LDPE offers
transparency at low weight which is expected to boost the demand from
automotive industry, owing to stringent government regulations to increase the
vehicle efficiency. Further, growth of food packaging industry is expected to
drive the market where transparency of the packaging is important and consumer
groups prefer transparent packaging. Food packaging includes meat and poultry
wrapping, snacks, dairy and sweets, baked goods and frozen goods. Owing to
rising population, demand from construction industry is expected to boost the
market in developing countries. Demand for energy efficient civil and
industrial infrastructure in developed countries is expected to fuel LDPE
market. In addition, government regulations in developing countries regarding
energy efficient industrial infrastructure is anticipated to drive the
market.
Replacement of LDPE by linear low
density polyethylene (LLDPE) in many applications due to its low cost and
environment regulations may hamper the market growth. Further, replacement by
HDPE in agricultural films and volatility in raw material prices may hamper the
market growth. Polyethylene is manufactured from petrochemical derivatives,
rising crude oil price and complex manufacturing process may hamper the market
growth. Rising demand for use of LDPE in medical film is expected to provide
opportunity for market players in the near future. In addition, demand from
molded laboratory equipments, injection moulding and adhesive laminate is
expected to provide opportunities for LDPE market in the near future.
Bio-derived polyethylene production from sugarcane by some companies in
expected to open new opportunity in developing country such as Brazil.
Europe was largest producer and
exporter of LDPE and is expected to remain in the near future. Demand from
automobile industry due to government regulations’ regarding vehicle efficiency
is expected to drive the market in this region. Building energy efficient
infrastructure is driving the demand for insulation products and is expected to
drive the LDPE market. Asia Pacific region is expected to grow at higher pace
owing to rising demand from automotive and construction industry. Large capacity
additions in China and Middle East are expected to increase the supply of LDPE.
Increase in industrial constructions in China is expected to drive the market
in this region. North America region is expected to grow at moderate rate due
to demand from food packaging industry and automotive industry.
Some of the key players in the Low
Density Polyethylene market include British Polythene Industries, Borealis AG,
Dow Chemical Company, GE Oil & Gas, Chevron Phillips Chemical Company LLC,
Exxon Mobil Chemical Company, Huntsman Corporation, DuPont, Formosa Plastics
Corporation, Ineos PLC, Nova Chemicals Corporation, PEMEX, LyondellBasell
Industries, SINOPEC, Qatar Chemical Company Ltd SABIC, Westlake Chemical Corp.
among others.
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This research report analyzes this
market on the basis of its market segments, major geographies, and current
market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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