H1 2023: In H1 2023, Asia Pacific region ranked as the largest consumer of Linear Low Density Polyethylene (LLDPE). In the first half of 2023, the Linear Low Density Polyethylene (LLDPE) market in the Asia Pacific region faced fluctuations in prices. In February 2023, Linear Low Density Polyethylene (LLDPE) prices exhibited an upward trajectory in China, driven by a robust economic recovery and heightened demand from downstream application such as Extrusion Packaging, Extrusion Non-Packaging, and Injection Molding. However, in the Chinese market, prices of LLDPE began to decline from March 2023. In Q2 2023, the Asia-Pacific LLDPE market experienced a downturn marked by economic deceleration and subdued demand from China. Sluggish activity in downstream sectors, including packaging and automotive industries, was evident due to market uncertainties arising from global inflation and geopolitical tensions. Notably, fluctuations in feedstock Ethylene and upstream Naphtha prices further influenced the overall LLDPE price trend. Singapore witnessed a decline in LLDPE prices for April, May, and June. Maintenance turnarounds impacted production, with the Sinopec SABIC Tianjin LLDPE plant in China undergoing a week-long shutdown starting on June 10, 2023. Similarly, the PetroChina Lanzhou LLDPE plant, also in China, commenced maintenance turnaround on 11 June 2023, with an undisclosed duration. Pengerang Refining and Petrochemical in Malaysia underwent maintenance turnaround from Mid-May to Mid-June 2023.
The global Linear Low Density Polyethylene (LLDPE) market stood at approximately 37.2 million tonnes in 2022 and is anticipated to grow at a healthy CAGR of 4.79% during the forecast period until 2032. Linear Low-Density Polyethylene (LLDPE) possesses notable properties, including flexibility with high impact strength, translucency with a natural milky color, good chemical resistance, effective water vapor and alcohol barrier properties, and robust stress crack and impact resistance. Different grades of LLDPE are tailored to meet specific application requirements, such as film, injection molding, rotomolding, stretched tape, monofilament, yarn, caps, and closures. On the basis of Grade, Linear Low Density Polyethylene (LLDPE) market is segmented into C4 grade, C6 grade, and C8 grade.
Manufactured in granule or powder form, LLDPE incorporates various additives like anti-block agents, antioxidants, and UV stabilizers. Its higher tensile strength, superior impact, and puncture resistance make it more favorable than its low-density polyethylene (LDPE) counterpart, allowing the production of thinner films without compromising strength, thereby reducing material usage and costs. The primary utilization of LLDPE, is in film applications such as packaging for both food and non-food items, shrink/stretch film, and non-packaging uses. Extrusion coating and injection molding are additional applications where LLDPE's exceptional properties find practical implementation. Linear Low-Density Polyethylene (LLDPE) has extensive range of applications, owing to its unique combination of properties. One prominent use of LLDPE is in the production of packaging films, including stretch wrap, shrink films, and various types of bags. Its exceptional stretchability and toughness make it an ideal material for securing and protecting goods during transportation. Additionally, LLDPE is a preferred choice for manufacturing containers and bottles, particularly for liquids like detergents and oils, where its flexibility and impact resistance contribute to the durability of the packaging. The electrical insulation properties and durability of LLDPE also make it a reliable material for insulation in cables and wires. Moreover, LLDPE plays a vital role in rotational molding, enabling the production of seamless and robust products such as tanks and playground equipment. The automotive industry utilizes LLDPE for manufacturing components like bumpers and interior panels, benefitting from its impact resistance and flexibility. Beyond industrial applications, LLDPE is prevalent in consumer goods such as toys, housewares, and sporting goods due to its versatility in producing lightweight and durable products.
The surge in demand for low-density polyethylene (LLDPE) in the packaging sector, driven by its superior toughness and versatile applications in film production, particularly in food and non-food packaging, is a key driver propelling market growth. The transition from rigid containers to flexible packaging further amplifies the growth trajectory. Additionally, the increasing demand for high-performance linear low-density polyethylene (LLDPE) with exceptional properties, including high strength and resistance to organic solvents, contributes significantly to various applications such as machinery lubrication and metal protection, augmenting the overall demand for LLDPE. Notably, the rising application of LLDPE in injection molding, a pivotal aspect of manufacturing technology, offers lucrative opportunities for market expansion. Injection molding's efficiency, minimal scrap losses, low labor costs, and high production rates further elevate the demand for LLDPE, marking it as a pivotal player in the polymer landscape with diverse applications across packaging, high-performance needs, and manufacturing processes. The global Linear Low Density Polyethylene (LLDPE) market size is anticipated to reach nearly 59 million tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Linear Low Density Polyethylene (LLDPE). In 2022, this region consumed roughly 48% of the Linear Low Density Polyethylene (LLDPE) market and is poised to assert dominance in the global Linear Low Density Polyethylene (LLDPE) market throughout the forecast period. The Asia Pacific region is poised to sustain its position as the predominant consumer of Linear Low-Density Polyethylene (LLDPE) in the upcoming years, driven by a confluence of factors. Rapid industrialization and urbanization, particularly in emerging economies like China and India, are fostering heightened demand across diverse industries. The region's expanding population further amplifies consumption, notably in the thriving packaging sector, where LLDPE's versatile properties find extensive application. The dynamic e-commerce landscape, marked by a surge in online retail activities, propels the need for efficient and durable packaging materials, further boosting LLDPE utilization. Additionally, ongoing infrastructure development and construction projects contribute to LLDPE demand, especially in applications such as pipes and tubing. With its adaptability in various forms and consistent economic growth, the Asia Pacific region is set to remain a key driving force in the global LLDPE market.
Based on the end-user industry, the global Linear Low Density Polyethylene (LLDPE) market is divided into Extrusion Packaging, Extrusion Non-Packaging, Injection Molding, Roto Molding, and Others. However, Inorganic Chemical Production and Aluminium Industry are the leading consumers of global Linear Low Density Polyethylene (LLDPE) market.
Major players in the Global Linear Low Density Polyethylene (LLDPE) market are ExxonMobil, ExxonMobil and SABIC JV, Nova Chemicals, Shell, DowDuPont, Chevron Phillips Chemical, Formosa Plastics, Lyondell Basell (Louisiana Integrated Polyethylene JV LLC), Sasol, Borealis GmbH, Bora LyondellBasell Petrochemical Co. Ltd., LyondellBasell Industries N.V., Sasol, Dow, Total Petrochemicals, Versalis SPA, Nizhnekamskneftekhim JSC(NKNK), Repsol, SABIC, INEOS, and Others.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Linear Low Density Polyethylene (LLDPE) which covers production, demand and supply of Linear Low Density Polyethylene (LLDPE) market in the globe.
• To analyse and forecast the market size of Linear Low Density Polyethylene (LLDPE)
• To classify and forecast Global Linear Low Density Polyethylene (LLDPE) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Linear Low Density Polyethylene (LLDPE) market in the globe.
To extract data for Global Linear Low Density Polyethylene (LLDPE) market, primary research surveys were conducted with Linear Low Density Polyethylene (LLDPE) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Linear Low Density Polyethylene (LLDPE) market over the coming years.
ChemAnalyst calculated Linear Low Density Polyethylene (LLDPE) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Linear Low Density Polyethylene (LLDPE). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Linear Low Density Polyethylene (LLDPE) manufacturers and other stakeholders
• Organizations, forums and alliances related to Linear Low Density Polyethylene (LLDPE) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Linear Low Density Polyethylene (LLDPE) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Linear Low Density Polyethylene (LLDPE) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
37.2 million tonnes
Market size Volume in 2032
59 million tonnes
Growth Rate
CAGR of 4.79% from 2023 to 2032
Base year for estimation
2022
Estimated Year
2023
Historic Data
2015 – 2021
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Capacity By Process, Capacity by Technology, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade, Technology Licensor.
Segments covered
By End-Use: (Extrusion Packaging, Extrusion Non-Packaging, Injection Molding, Roto Molding, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Linear Low Density Polyethylene (LLDPE) in terms of volume in 2022?
Ans:
The global market size of Linear Low Density Polyethylene (LLDPE) had reached approximately 37.2 million tonnes in 2022.
Q2.
Which region is the major consumer of Linear Low Density Polyethylene (LLDPE)?
Ans:
Asia Pacific region is the leading consumer of Linear Low Density Polyethylene (LLDPE) globally.
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