LDPE and LLDPE Market Scope
The United States LDPE and LLDPE market is expected to witness high demand in the forecasted period due to upsurging demand from the packaging industry. The rapid expansion in E-commerce is helping boost the demand for packaging. Packaging based on LDPE and LLDPE includes rigid packaging formats such as bottles & containers and flexible packaging formats such as films, stand-up pouches, squeezable tubes, cartons, and bag-on-box. Low-Density Polyethylene (LDPE) and Linear Low-Density Polyethylene (LLDPE) are both inexpensive polymers with widely favorable mechanical and chemical resistance properties. The introduction of the biobased LDPE and LLDPE resins will create lucrative opportunities in the forecasted period.
The LDPE and LLDPE market study is segmented by Type (Low-Density Polyethylene (LDPE) and Linear Low-Density Polyethylene (LLDPE)), by Application (Films, Injection Molding, Rotomolding and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of United States LDPE and LLDPE market throughout the predicted period.
Chevron Corporation (United States), LyondellBasell Industries Holdings B.V. (United States), Westlake Chemical (United States), Dow Inc. (United States), Exxon Mobil Corporation (United States), Braskem S.A. (Brazil), Ineos Group Holdings S.A. (United Kingdom), Mitsubishi Chemical Holdings (Japan), Nova Chemicals Corporation. (Canada) and Borealis (Austria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Formosa Plastics (Taiwan) and Sinopec (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of United States LDPE and LLDPE market by Type, Application and Region.
On the basis of geography, the market of LDPE and LLDPE has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 1 June 2020, Braskem has given an update on the impact that the coronavirus disease 2019 (COVID-19) pandemic is having on the company and measures it is taking to tackle current challenges, said CHemweek. It has reduced staffing levels at its facilities to the minimum and cut by 50% the number of industrial workers and contractors at its sites. The company says that plant utilization rates in Brazil and the US were reduced in response to lower demand and inventory effects in the petrochemical and plastics production chain.
On 2 April 2020, in an exclusive agreement, Houston-based waste-optimization specialist Avangard Innovative LP will supply post-consumer resin (PCR) plastic film pellets to Dow, a significant addition to Dow’s plastic circularity portfolio that is aligned with the company’s goal to advance the circular economy for plastics and minimize waste in the environment. The companies expect to begin offering Dow’s first ever PCR-based innovations later this year to North American customers who are demanding stronger sustainability profiles in targeted applications such as liners, shrink wrap and protective packaging, among others. Dow will initially use the PCR from Avangard to create linear low-density polyethylene (LLDPE) and low-density polyethylene (LDPE) products.
Market Trend
- Use of Recycle-Ready LDPE and LLDPE That Can Be Mixed With PCR
- Development of Bio-Based LDPE and LLDPE
Market Drivers
- Demand from the food packaging industry as well as industrial packaging sector is driving the Growth of the Market
- Significant Growth in the Solar Power Industry
- Increase in Demand for LLDPE in Various Applications
Opportunities
- Developing bio-based LDPE and LLDPE to Contribute to Circular Plastics Economy Will Provide New Opportunities for the Market
Restraints
- Rising Concerns Pertaining to Plastic Disposal
Key Target Audience
LDPE and LLDPE Manufacturers, LDPE and LLDPE Raw Material Suppliers, LDPE and LLDPE Traders/Distributors, Regulatory & Government Bodies, End Users and Others
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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