Market Size of South-East Asia Low-Density Polyethylene (LDPE) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South-East Asia Low-Density Polyethylene (LDPE) Market Analysis
The low-density polyethylene (LDPE) market in South-East Asia is expected to register a CAGR of over 3.5% during the forecast period.
COVID-19 negatively impacted the South-East Asian LDPE market. The production and supply of LDPE were harmed due to the lockdown caused by COVID-19. However, its use in flexible packaging in healthcare products and e-commerce transportation increased and created a substantial demand during the pandemic. After COVID-19, the market expanded as its demand was high during COVID.
- Rising demand for flexible packaging and surging demand for film and sheets are expected to drive the growth of low-density polyethylene (LDPE) in South-East Asia.
- Increasing demand for LDPE in the pharmaceutical industry will likely act as an opportunity.
- However, the substitution of other polyethylene products and the banning of plastics are the major factors hindering the growth of the studied market.
- Indonesia is expected to dominate the LDPE market in Southeast Asia and will also likely witness the highest CAGR during the forecast period.
South-East Asia Low-Density Polyethylene (LDPE) Industry Segmentation
Low-density polyethylene (LDPE) is a thermoplastic prepared from gaseous ethylene under very high pressures and temperatures. It is suitable for those applications where high-temperature resistance, structural strength, and stiffness are required, such as in orthotics, extrusion coatings, injection molding, films, and sheets. The South-East Asia low-density polyethylene market is segmented by end-user industry and geography. By end-user industry, the market is segmented into agriculture, electrical and electronics, packaging, construction, and other end-user industries. The report also covers the market size and forecasts for the South-East Asia low-density polyethylene market in six major countries across the South-East Asia region. For each segment, the market sizing and forecasts have been done based on volume (kilotons).
| End-user Industry | |
| Agriculture | |
| Electrical and Electronics | |
| Packaging | |
| Construction | |
| Other End-user Industries |
| Geography | |
| Indonesia | |
| Myanmar | |
| Thailand | |
| Vietnam | |
| Philippines | |
| Singapore | |
| Rest of South-East Asia |
South-East Asia Low-Density Polyethylene (LDPE) Market Size Summary
The South-East Asia low-density polyethylene (LDPE) market is poised for growth, driven by increasing demand for flexible packaging and film and sheets applications. The market experienced a setback due to the COVID-19 pandemic, which disrupted production and supply chains. However, the pandemic also spurred demand in sectors like healthcare and e-commerce, which rely heavily on flexible packaging solutions. The pharmaceutical industry presents further opportunities for LDPE growth. Despite these positive trends, challenges such as the substitution with other polyethylene products and plastic bans pose significant hurdles. Indonesia is anticipated to lead the market, benefiting from its robust end-user industries, including agriculture, automotive, and healthcare.
LDPE's versatility in manufacturing packaging products like bottles, tubing, and plastic bags underscores its importance in the South-East Asian market. Its properties, such as low density and excellent flexibility, make it a preferred choice in the packaging sector, particularly for e-commerce and packaged foods. The region's burgeoning e-commerce industry, exemplified by Vietnam's significant retail sales, and the rising demand for packaged foods in countries like Thailand, further bolster LDPE demand. Indonesia's expanding construction sector and its substantial market share in the electrical and electronic industries also contribute to the region's LDPE market growth. The market is consolidated, with major players like Dow and Chevron Phillips Chemical Company LLC. actively participating in the region's development.
South-East Asia Low-Density Polyethylene (LDPE) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Rising Demand for Flexible Packaging
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1.1.2 Surging Demand for Film and Sheets
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1.2 Market Restraints
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1.2.1 Substitution of Other Polyethylene Products
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1.2.2 Banning of Plastics
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 End-user Industry
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2.1.1 Agriculture
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2.1.2 Electrical and Electronics
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2.1.3 Packaging
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2.1.4 Construction
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2.1.5 Other End-user Industries
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2.2 Geography
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2.2.1 Indonesia
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2.2.2 Myanmar
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2.2.3 Thailand
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2.2.4 Vietnam
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2.2.5 Philippines
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2.2.6 Singapore
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2.2.7 Rest of South-East Asia
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South-East Asia Low-Density Polyethylene (LDPE) Market Size FAQs
What is the current South-East Asia Low-Density Polyethylene (LDPE) Market size?
The South-East Asia Low-Density Polyethylene (LDPE) Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in South-East Asia Low-Density Polyethylene (LDPE) Market?
Dow, Chevron Phillips Chemical Company LLC. , Formosa Plastics Corporation , PTT Global Chemical Public Company Limited and TORAY INDUSTRIES, INC. are the major companies operating in the South-East Asia Low-Density Polyethylene (LDPE) Market.
