Linear Low-density Polyethylene Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Linear Low-density Polyethylene Market Analysis
The Global Linear Low-density Polyethylene (LLDPE) market is estimated to register a CAGR of over 5% during the forecast period. Due to the impact of COVID-19, linear low-density polyethylene production and the ethylene raw material supply chain were highly affected but eventually recovered in 2021. Due to hygiene and safety concerns, the packaging industry has seen an enormous surge, thereby increasing the demand for the LLDPE market, which is expected to recover further in 2022. The automotive, healthcare, e-commerce, and packaging industries are among the major end-user industries of linear low-density polyethylene.
- The major factors driving the growth of the market studied are the rise in demand for packaging and surging demand for film and sheets.
- On the flip side, substituting other polyethylene products and banning plastics reduce market growth during the forecast period.
- The development of Metallocene linear low-density polyethylene (mLLDPE) is likely to act as an opportunity in the future, mLLDPE has relatively more puncture resistance than LLDPE.
Linear Low-density Polyethylene Market Trends
This section covers the major market trends shaping the Linear Low-density Polyethylene Market according to our research experts:
Rise in Demand for LLDPE Films
- Linear low-density polyethylene is used in the packaging industry because of its properties, such as higher impact strength, tensile strength, puncture resistance, elongation, etc.
- Food and beverage manufacturing companies use LLDPE films for packaging to secure their product from harmful chemicals and less moisture content. The recent increase in ready-to-eat and pre-cooked products globally has surged LLDPE's market share.
- The growth in disposable income and the increasing preference for fast food and food delivery services contributed to increasing demand for LLDPE films.
- Following a dip in 2020, the global packaging industry resumed steady growth in 2021, as COVID-19 affected numerous end-use sectors.
- Packaging is the most extensive application of LLDPE films. China, the United States, Japan, India, and Germany are amongst the top countries with the fastest growth rate in the packaging industry across the world.
- Rapid growth in the e-commerce industry directly correlates to the LLDPE demand for e-commerce packaging.
- All the above factors are expected to significantly impact the demand for LLDPE films from the packaging industry during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region accounts for the largest share of the Linear low-density polyethylene (LLDPE) market, owing to rapid industrialization and rising LLDPE-based packaging material demand in the region. The packaging business in the Asian market is expanding at a rapid pace with the increased manufacturing activities in the pharmaceutical, food processing, and automotive industries.
- The packaging industry in China is expected to register tremendous growth with a CAGR of nearly 6.8%, reaching USD 0.2 trillion by 2025. This positive momentum in the packaging industry is expected to boost the market demand for LLDPE in the country.
- The packaging industry primarily uses LLDPE films. LLDPE is also used in the injection molding manufacturing sectors in automotive plastic parts, toys, and water bottles. An increase in injection molding also increases the LLDPE market.
- According to the OICA, the Asia-Pacific automotive plastic parts market is expected to grow. In 2021, automotive production in China reached USD 26.08 million. The increase in automotive production is estimated to drive the demand for the market studied.
- Indian food processing is the largest consumer of packaging at 45%, followed by pharmaceuticals and personal care products. Increasing demand from these end-user segments is creating a huge potential for expansion.
- Due to all these factors, the market for linear low-density polyethylene is expected to have a high demand in the Asia-Pacific region during the forecast period.
Linear Low-density Polyethylene Industry Overview
The Linear low-density polyethylene LLDPE market is partially consolidated in nature. Some of the major players in the market include INEOS, Formosa Plastic Corporation, Dow, Mitsubishi Chemicals, LG Chem, Exxon Mobil Corporation, SINOPEC, SABIC, Lyondellbasell Industries Holdings BV, Reliance Industries Limited, and Chevron Phillips Chemical Company.
Linear Low-density Polyethylene Market Leaders
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LG Chem
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Dow Chemical Company
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Exxon Mobil
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Chevron Phillips Chemical Company
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LyondeBassells
*Disclaimer: Major Players sorted in no particular order
Linear Low-density Polyethylene Market News
- In October 2022, Mitsui Chemicals, Inc. (Tokyo) signed a memorandum of understanding with Shell Eastern Petroleum (Pte) Ltd, a Singapore-registered company, to agree on a supply of ethylene derived from plastic waste. In turn, Prime Polymer Co., Ltd - part of the Mitsui Chemicals Group - will start making efforts towards producing chemically recycled polyethylene derived from plastic waste via the subsidiary Prime Evolue Singapore Pvt. Ltd.
- In September 2022, Hanwha Solutions Corporation, a South Korean-based company, signed a contract with LyondellBasell to use Lupotech T high-pressure polyethylene technology at a new site in Yeosu, South Korea. The contract also included a catalyst spherilene used in flexible gas phase process technology to produce linear low-density polyethylene (LLDPE), medium-density polyethylene (MDPE), and HDPE.
Linear Low-density Polyethylene Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increase Demand from the Packaging Industry
- 4.1.2 Surging Demand for Film and Sheets
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4.2 Restraints
- 4.2.1 Substitution of Other Polyethylene Products
- 4.3 Industry Value Chain Analysis
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4.4 Poter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Thret of Substitute products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Application
- 5.1.1 Films
- 5.1.2 Molding
- 5.1.3 Injection Molding
- 5.1.4 Other Application Types
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5.2 End-user Industry
- 5.2.1 Agricultute
- 5.2.2 Electrical and Electronics
- 5.2.3 Packaging
- 5.2.4 Constrution
- 5.2.5 Other End-user Industries
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Chevron Phillips Chemical Company
- 6.4.2 CNPC
- 6.4.3 Exxon Mobil Corporation
- 6.4.4 Formosa Plastic Corporation
- 6.4.5 INEOS
- 6.4.6 LG Chem
- 6.4.7 Lyonde Bassells Industries Holdings BV
- 6.4.8 Mitsubishi Chemicals
- 6.4.9 Nova Chemicals Corporate
- 6.4.10 Reliance Industries Limited
- 6.4.11 SABIC
- 6.4.12 SINOPEC
- 6.4.13 The Dow Chemical Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Demand for LLDPE in the Pharmaceutical Industry
Linear Low-density Polyethylene Industry Segmentation
Linear low-density polyethylene (LLDPE) is a thermoplastic polymer and is a class of polymers derived primarily from petrochemicals. Linear low-density polyethylene has a high tensile resistance, flexibility, and puncture resistance compared to other similar chemical products. Linear low-density polyethylene (LLPDE) is a blended form of low-density polyethylene (LDPE). LLDPE is more robust than LDPE because of its side chains. The linear low-density polyethylene market is segmented by application, end-user industry, and geography. By application, the market is segmented into films, injection molding, rotomolding, and other application types. Through the end-user industry, the market is segmented by agriculture, electrical and electronics, packaging, construction, and other end-user industries. The report also covers the market size and forecasts for 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
| Application | Films | |
| Molding | ||
| Injection Molding | ||
| Other Application Types | ||
| End-user Industry | Agricultute | |
| Electrical and Electronics | ||
| Packaging | ||
| Constrution | ||
| Other End-user Industries | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Linear Low-density Polyethylene Market Research FAQs
What is the current Linear Low-density Polyethylene Market size?
The Linear Low-density Polyethylene Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Linear Low-density Polyethylene Market?
LG Chem, Dow Chemical Company , Exxon Mobil , Chevron Phillips Chemical Company and LyondeBassells are the major companies operating in the Linear Low-density Polyethylene Market.
Which is the fastest growing region in Linear Low-density Polyethylene Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Linear Low-density Polyethylene Market?
In 2024, the Asia-Pacific accounts for the largest market share in Linear Low-density Polyethylene Market.
What years does this Linear Low-density Polyethylene Market cover?
The report covers the Linear Low-density Polyethylene Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Linear Low-density Polyethylene Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Linear Low-density Polyethylene Industry Report
Statistics for the 2024 Linear Low-density Polyethylene market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Linear Low-density Polyethylene analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
