2018 Linear Low-Density Polyethylene (LLDPE) Global Market Report Forecast to 2022 - Significant Growth in the Solar Power Industry is Driving the Market
DUBLIN, March 15, 2018 /PRNewswire/ --
The "Linear Low-Density Polyethylene (LLDPE) Market by Application (Films, Injection Molding, Rotomolding), Process Type (Gas Phase, Solution Phase, Slurry Loop) & Region (APAC, North America, Europe, Middle East, Latin America) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The LLDPE market is estimated to be USD 51.89 Billion in 2017 and is projected to reach USD 67.83 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022.
The rising demand for LLDPE from various end-use industries, such as solar power and packaging, is one of the most significant factors driving the growth of the LLDPE market. The increase in demand for metallocene-catalyzed LLDPE in the Asia Pacific region and the expansion of the plastics industry worldwide are additional factors influencing the growth of the LLDPE market.
The LLDPE market has been segmented on the basis of process type, application, and region. Based on process type, the gas phase segment is projected to lead the LLDPE market from 2017 to 2022. The growth of the gas phase segment can be attributed to the increasing use of commercial gas phase process for LLDPE production, owing to its distinct advantages as compared to the commercial slurry and solution processes.
The films segment is the largest application segment of the LLDPE market, followed by the injection molding segment. The growth of the LLDPE market in films application is primarily driven by the demand for LLDPE films from the packaging sector. The growth of the injection molding segment can be attributed to the increasing demand for injection-molded LLDPE articles, such as crates, pallets, packaging containers and caps, household goods, and toys, from various end-use industries.
Asia Pacific is the largest and the fastest-growing regional segment of the LLDPE market. This growth can be attributed to the increasing demand for packaging films from the food & beverages industry. North America is the second-largest regional segment of the LLDPE market, followed by Europe.
Leading players operating in the LLDPE market have adopted key growth strategies, such as mergers & acquisitions, expansions, new product launches, and agreements to enhance their market presence. Manufacturers of LLDPE resins are also focused on collaborating with key market players and increasing investments in R&D activities to develop new grades of LLDPE. This, in turn, has helped LLDPE manufacturers widen their geographic reach and expand their customer base.
Rising concerns pertaining to plastic disposal are acting as a restraint to the growth of the LLDPE market. Sinopec (China), LyondellBasell (Netherlands), Exxon Mobil (US), SABIC (Saudi Arabia), The Dow Chemical Company (US), Borealis (Austria), Formosa Plastics (Taiwan), INEOS (Switzerland), and Westlake Chemical (US) are leading players operating in the LLDPE market. Companies have adopted strategies, such as expansions and acquisitions, to address the growing demand for LLDPE worldwide.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Package Size
1.7 Limitations
1.8 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in the LLDPE Market
4.2 LLDPE Market, By Process Type
4.3 Asia Pacific LLDPE Market Share, By Country and Application
4.4 Top 5 Countries in the LLDPE Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Significant Growth in the Solar Power Industry
5.2.1.2 Increase in Demand for LLDPE in Various Applications
5.2.2 Restraints
5.2.2.1 Rising Concerns Pertaining to Plastic Disposal
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Metallocene-Based LLDPE
5.2.4 Challenges
5.2.4.1 High Capacity-To-Demand Ratio
5.2.4.2 Fluctuation in Crude Oil Prices
5.2.4.3 Challenges Associated With Plastic Recycling
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter's Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Macroeconomic Indicators
6.4.1 Oil & Gas Industry
6.4.2 GDP and Forecast for Major Economies
7 Capacity Analysis
7.1 Introduction
8 LLDPE Market, By Application
8.1 Introduction
8.1.1 Films
8.1.2 Injection Molding
8.1.3 Rotomolding
8.1.4 Others
9 LLDPE Market, By Process Type
9.1 Introduction
9.1.1 Gas Phase
9.1.2 Solution Phase
9.1.3 Slurry Loop
10 LLDPE Market, By Region
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Thailand
10.2.6 Indonesia
10.2.7 Vietnam
10.2.8 Malaysia
10.2.9 Australia
10.2.10 Rest of Asia Pacific
10.3 Europe
10.3.1 Germany
10.3.2 Italy
10.3.3 France
10.3.4 UK
10.3.5 Spain
10.3.6 Russia
10.3.7 Rest of Europe
10.4 North America
10.4.1 US
10.4.2 Canada
10.4.3 Mexico
10.5 Middle East
10.5.1 Turkey
10.5.2 Saudi Arabia
10.5.3 UAE
10.5.4 Qatar
10.5.5 Kuwait
10.5.6 Egypt
10.5.7 Rest of Middle East
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Chile
10.6.4 Rest of Latin America
10.7 Africa
10.7.1 North Africa
10.7.2 East Africa
10.7.3 South Africa
10.7.4 West Africa
10.7.5 Rest of Africa
11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 Agreements
11.3.2 Expansions
11.3.3 Acquisitions
11.3.4 Joint Ventures
11.3.5 New Product Launches
12 Company Profiles
12.1 Exxon Mobil Corporation
12.2 The DOW Chemical Company
12.3 Lyondellbasell Industries Holdings B.V.
12.4 Sabic
12.5 Borealis AG
12.6 Formosa Plastics Corporation
12.7 China Petrochemical Corporation
12.8 Ineos
12.9 Westlake Chemical Corporation
12.10 Nova Chemicals Corporation
12.11 Sasol Limited
12.12 Braskem
12.13 Reliance Industries Limited
12.14 Chevron Phillips Chemical Company LLC
12.15 Mitsui & Co.
For more information about this report visit https://www.researchandmarkets.com/research/4dt8vw/2018_linear?w=5
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