Thursday, 6 June 2019

Global Linear Low-density Polyethylene Market 2019 – Huge Market Growth Till 2026: ExxonMobil Corporation, DowDuPont, Saudi Basic Industries Corporation (SABIC), SINOPEC

Researchmoz added Most up-to-date research on "Linear Low-density Polyethylene Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" to its huge collection of research reports.

Linear low-density polyethylene is manufactured from polyethylene. Linear low-density polyethylene has unique rheological or melt-flow properties. In 1960, DuPont Canada started the first production line for commercial production of linear low-density polyethylene. LLDPE is less shear sensitive than HDPE and LDPE, due to its narrower molecular weight distribution and shorter chain branching. During the shearing process, LLDPE remains more viscous and, therefore, it is harder to process than LDPE of an equivalent melt index. LLDPE has penetrated almost all traditional markets for polyethylene. It is used for plastic bags and sheets, plastic wraps, stretch wraps, pouches, toys, covers, lids, pipelines, buckets and containers, covering of cables and, primarily, flexible tubing.

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Based on process type, the global linear low-density polyethylene market has been segmented into gas phase, solution phase, and slurry loop. Gas phase is the dominant process type segment of the market. It is anticipated to expand at a rapid pace during the forecast period, due to its advantages such as low-temperature operation and lower operating costs.

In terms of application, the global linear low-density polyethylene market has been divided into rotomolding, films, injection molding, and others (including metal coating, extrusion, and masterbatches). The films segment accounted for a leading share of the global market in 2017. The segment is estimated to expand rapidly during the forecast period due to rising use of LLDPE films in the manufacture of high-performance bags, cushioning films, tire separator films, industrial liners, elastic films, ice bags, bags for supplemental packaging, and garbage bags.

Based on end-use industry, the global linear low-density polyethylene market has been classified into packaging, building & construction, automotive, electrical & electronics, agriculture, household, leisure and sports, and others. The others segment includes electric appliances, medical equipment, and furniture. The packaging segment has been sub-divided into food and non-food packaging. Packaging is the leading segment among end-use industries, due to rise in the demand for packaging from retail and consumer goods sectors.

Based on region, the global linear low-density polyethylene market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of value and volume, Asia Pacific was the leading region of the global market in 2017. The region is also a major producer of polyethylene across the world. North America and Middle East & Africa are significant consumers of linear low-density polyethylene. The linear low-density polyethylene market in Europe and Latin America is projected to expand at a sluggish to moderate pace during the forecast period. Demand for LLDPE in these regions is anticipated to rise in the next few years, due to increasing usage of canned food products. Demand for linear low-density polyethylene in Middle East & Africa and Latin America is estimated to increase significantly in the near future. The two regions accounted for low share of the global market, in terms of demand, in 2017. However, they are projected to create lucrative opportunities for manufacturers of linear low-density polyethylene in the next few years.

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The study provides a decisive view of the global linear low-density polyethylene market by segmenting it in terms of process type, application, end-use industry, and region. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and future demand for linear low-density polyethylene in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual process type, application, and end-use industry segments of the market in every region.

The study includes profiles of major companies operating in the global linear low-density polyethylene market. The global market is dominated by large players. Key players in the market include ExxonMobil Corporation, DowDuPont, Saudi Basic Industries Corporation (SABIC), China Petroleum and chemical corporation (SINOPEC), and Westlake Chemical Corporation. Market players have been profiled in terms of company overview, business strategies, and recent developments.

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