The Linear Low-Density Polyethylene (LLDPE) Market is expected to reach USD 85.95 Billion By 2028, according to a new report by Reports and Data. Linear low-density polyethylene (LLDPE) is a straight polymer (polyethylene) with a substantial amount of short branches. It is usually manufactured by copolymerization of ethylene with higher alpha-olefins such as hexane, butene, and octane. Gas-phase polymerization and solution polymerization are the two principal methods used in the production of LLDPE. These are extensively used in applications such as injection molding, films, and roto-molding, among others. These are utilized in end-user industries such as construction, packaging, marine, agriculture, automotive, housewares, and toys.

The market in the North America region accounts for the second largest share of 21.3% in 2018. Developing pharmaceutical and food & beverage sectors across this region will add to the growth of this market. Furthermore, the increasing living patterns and a well-established automotive base in the region will promote the food & beverage sector and automotive sectors, which will drive LLDPE market trends.

Further key findings from the report suggest

• • The Linear Low-Density Polyethylene (LLDPE) Market is estimated to reach USD 78.72 Billion by 2026, at a CAGR of 5.0% during the forecast period.
  • The application in films account for the largest share of 26.7% of the market in 2018.
  • The gas phase process segment is anticipated to witness the highest CAGR of 5.3% during the forecast period.
  • The buildings & construction end users is expected to witness the highest CAGR of 5.7% during the forecast period.
  • Europe has been a prevailing automobile market globally with significant OEM and other automotive suppliers based in Germany, and Sweden, among others. The region is likely to observe the rise in telecommunication, meat packaging, electronics and automobile industries in the upcoming years.
  • Europe is expected to observe a CAGR of 5.5% during the forecast period.
  • The market in the Asia Pacific region is expected to witness the highest CAGR of 5.8% during the forecast period. Accelerated industrialization in the region due to growing electronics, automobiles, oil & natural gas, textiles, and production industries in developing economies are giving a boost to construction spending and will drive the market. Organized retailing and quickly growing e-commerce in Thailand, India, and Malaysia are extending the packaging sectors which in turn will boost consumption of the product further.
  • Various players are developing strategies to mark their presence in the industry.
  • For example, Braskem designed green PE from ethanol sugarcane, a renewable raw material. The green PE catches and fixes carbon dioxide from the atmosphere during its creation, thereby decreasing the discharge of GHG.

Top players profiled in the report include:

The Dow Chemical Company, Mitsui and Westlake, Exxon Mobil Corporation, INEOS Group AG, Chevron Phillips Chemical Company LLC, Saudi Basic Industries Corporation (SABIC), Borealis AG, Mitsubishi Chemicals, Nova Chemicals Corporation, LyondeBassells Industries N.V., and Braskem S.A.

Process Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2018-2028)

• Gas Phase
• Slurry Loop
• Solution Phase

End User Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2018-2028)

• Packaging
• Building and Construction
• Automotive
• Electrical and Electronics
• Others

Geographic Segment Covered in the Report:

The Linear Low-Density Polyethylene (LLDPE) report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
Latin America (Brazil, Mexico, and the rest of Latin America)
Middle East and Africa (GCC and rest of the Middle East and Africa)

Summary of the Linear Low-Density Polyethylene (LLDPE) Market Research Report:

• Insightful information regarding the global Linear Low-Density Polyethylene (LLDPE) market
• Strategic recommendations for the investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Thorough SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis

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