About Linear Low-density Polyethylene (LLDPE)
LLDPE is part of the polyolefins family. It is a type of polyethylene (PE) with a density less than 965 kg/m and is mainly produced by a low-pressure process. Polyolefins are mainly produced from the olefin monomers due to the presence of a highly reactive double bond. LLDPE is a linear polymer with large numbers of short branches, produced by the copolymerization of ethylene with higher alpha olefin co-monomers such as hexene, butene, and octene. Co-monomers are mainly used to control the physical properties of LLDPE.
Technavio’s analysts forecast the global linear low-density polyethylene (LLPDE) market to grow at a CAGR of 6.01% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global linear low-density polyethylene (LLDPE) market for 2017-2021. To calculate the market size, the report considers the revenues generated from various applications such as films, rotomolding, injection molding, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Linear Low-density Polyethylene (LLDPE) Market 2017-2021
Technavio recognizes the following companies as the key players in the global linear low-density polyethylene (LLDPE) market: Borealis, China Petrochemical Corporation, Exxon Mobil, LyondellBasell Industries Holdings, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Braskem, Chevron Phillips Chemical, Formosa Plastics, INEOS, MITSUI CHEMICALS, National Petrochemical, NOVA Chemicals, Petro Rabigh, Reliance Industries, SABIC, Sasol, and Westlake Chemical.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing rate of recycling. The increasing rate of recycling plastics in the developed regions such as the US, Germany, and the UK due to the stringent regulations in these regions is expected to drive the demand for LLDPE during the forecast period. The circular economy is gaining attention due to the growing concern of environmental issues.”
According to the report, one driver in the market is high demand from the flexible packaging segment. Flexible packaging is a container or package made of flexible or easily yielding materials that can readily change in shape when it is filled or closed. Flexible packaging can be made of foil, paper, plastic film, or a combination of any of these. It is at the forefront of packaging trends in design and performance, product protection, consumer convenience, and sustainability, all of which have a positive impact on the consumers, environment, and businesses. The flexible packaging segment includes bags, pouches, roll stock, liners, shrink, bulk shipping sacks, stretch wrap, and sleeves.
Further, the report states that one challenge in the market is volatility in the price of raw materials. The raw materials for LLDPE are derived from crude oil downstream chemicals. The main raw materials for the production of LLDPE are ethylene and alpha olefins such as butene, hexene, and octene. The oil and gas industry is one of the principal suppliers of raw materials for the global LLDPE market as it is produced from petroleum fraction products. The fluctuations in the price of crude oil have a severe effect on the price of the raw materials, affecting the costs of the LLDPE in the market.
Borealis, China Petrochemical Corporation, Exxon Mobil, LyondellBasell Industries Holdings, The Dow Chemical Company, Braskem, Chevron Phillips Chemical, Formosa Plastics, INEOS, MITSUI CHEMICALS, National Petrochemical, NOVA Chemicals, Petro Rabigh, Reliance Industries, SABIC, Sasol, and Westlake Chemical.
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