Global Low Density Polyethylene (LDPE) Market by Application, Size, Share and Industrial Key Player
by Rahul Rastogi Market Research AnalystAccording to the latest report by IMARC Group,
titled “Low-Density Polyethylene Market:
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”,
the global
low-density polyethylene market size reached US$ 34 Billion in 2019. Low Density
Polyethylene (LDPE) is one of the oldest and most popular thermoplastic
materials that are available in the market. It is a semi-rigid and translucent
polymer composed of 4,000 to 40,000 carbon atoms. LDPE is formed at high pressure
through the free radical polymerization process. It is chemically inert and
offers optimal tear and stress crack resistance and electrical insulating
properties. Owing to these characteristics, LDPE has gained immense popularity
across the globe.
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Market Trends:
Owing to its lower cost, excellent flexibility and
high chemical resistance, low density polyethylene (LDPE) is used in various
end-use industries across the globe. The growing usage of this material in the
packaging industry is one of the most significant factors that are bolstering
the growth of the market. It is used in the production of floor tiles, shipping
envelopes, dropper bottles, tamper-evident, liners, trash bags, and films for
food packaging and laminations. Also, LDPE-based compounds are utilized in
jacketing and insulating materials for sheathing telecommunication cables as
well as wire and cable applications. Besides this, due to its low water
absorption and plasticity, low density polyethylene is extensively used in the
pipes and fittings industry. Moreover, with rising environmental concerns, the
demand for LDPE is increasing as these products are non-toxic and renewable in
nature and can be recycled under certain conditions. Looking forward, the
market value is projected to reach US$ 43 Billion by 2025, exhibiting a CAGR of
nearly 3.8% during 2020-2025.
Market Breakup by Product Type:
·
Inorganic Liquid Detergent
·
Organic Liquid Detergent
Market Breakup by End-user:
·
Residential
·
Commercial
Market Breakup by Distribution Channel:
·
Convenience Stores
·
Departmental Stores
·
Online
·
Others
Market Summary:
On the geographical front, the
market has been classified into North America, Asia Pacific, Europe, Middle
East and Africa, and Latin America.
The competitive landscape of
the market has also been examined with some of the key players being:
·
BASF SA
·
Dow Chemical
·
Exxon Mobil
Corporation
·
LyondellBasell
Industries N.V.
·
Saudi Arabia
Basic Industries Corp. (SABIC)
·
Sinopec
Corporation
·
Borealis AG
·
Braskem SA
·
Chevron Phillips
Chemical
·
DuPont de Nemours
·
Lone Star
Chemical
·
Petkim Petrokimya
Holding A.?.
·
Total
Petrochemicals & Refining USA Inc. (TPRI)
·
LG Chem Ltd.
·
Formosa Plastics
Corporation
·
Qatar
Petrochemical Company (QAPCO).
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over the world, we are continuously tracking the changes in the markets, as
well as the purchase behaviours of the consumers globally and our estimates
about the latest market trends and forecasts are being done after considering
the impact of this pandemic.
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Created on Apr 9th 2020 04:31. Viewed 299 times.