Global Linear Low Density Polyethylene Market 2015-2019
About Linear Low Density Polyethylene
Linear low density polyethylene refers to a linear polymer containing several short branches and formed by the copolymerization of ethylene. Linear low density polyethylene is a mixed form of low density polyethylene, having more flexibility, conformability, pliability, softness, and more tensile strength. Its large number of short branches slide against each other upon elongation, thus making the polymer more flexible and strong. It is used in film application, heavy duty industrial bags, injection molding parts, liquid paper board coatings, pond liners, wires and cables, carrier bags, and pipes.
The global linear low density polyethylene market can be segmented into five divisions based on type: Films and sheets, injection molding, rotomolding, pipe and extrusion, and others. Linear low density polyethylene acts as a gas barrier and prevents substances from spoiling. Hence, its wide acceptance in the packaging sector.
Technavio analysts forecast the global linear low density polyethylene market to grow at a CAGR of 4.54% during 2014-2019.
Covered in this Report
The Technavio report, namely Global Linear Low Density Polyethylene Market 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. The report covers the Americas, APAC, and EMEA markets and presents the market landscape and its growth prospects in the coming years. The report also discusses the key vendors operating in the market.Key Regions
Technavio Announces the Publication of its Research Report – Global Linear Low Density Polyethylene market 2015-2019
Technavio recognizes the following companies as the key players in the Global Linear Low Density Polyethylene market: The Dow Chemical Company, ExxonMobil Chemical Corp., LyondellBasell Industries NV, Saudi Basic Industries Corp. (SABIC) and Sinopec Corp.
Other Prominent Vendors in the market are: BASF, Borealis, Braskem, Chevron Phillips Chemical, DuPont de Nemours, Eastman Chemical, Equistar Chemicals, Formosa Plastics, Global Polymer Industries, Haldia Petrochemicals, Huntsman, Ineos, LG Chem, Lone Star Chemical, Mitusi Chemicals, Nova Chemical, NPC, Pemex Petroquimica, Petkim, Reliance Industries, Repsol, Sasol, Shanghai Secco Petrochemical, Tosoh, Total Petrochemicals and Westlake Polymers
Commenting on the report, an analyst from Technavio’s team said: “Many manufacturers and producers use swing technology for the production of polyethylene. By using swing technology, high density polyethylene and linear low density polyethylene can be produced using the same production line. This increases the productivity of the plant, resulting in increased supply of high density polyethylene and linear low density polyethylene in the market.”
According to the report, the global linear low density polyethylene market is witnessing a change in packaging options; manufacturers are replacing aluminum foils and metalized films with high-barrier thin films. Consumers are also looking for cost-effective methods of food preservation and polyethylene proves to be an economical one.
Further, the report states that the major challenge faced by the global linear low density polyethylene market is regulating carbon dioxide emissions. The carbon dioxide emitted during the process of production of polyethylene poses a threat to the environment.