H1 2023: In the first half of 2023, the Low-Density Polyethylene (LDPE) market in the Asia Pacific region experienced a dynamic price trajectory marked by fluctuations. The initial quarter of 2023 witnessed a decline in LDPE prices, influenced by subdued demand and stable inventory levels. However, starting from February, prices entered a continuous downward trajectory that persisted until June. This sustained decline in LDPE prices was primarily driven by weakened demand from downstream sectors, particularly in packaging and construction. The concurrent decrease in upstream Ethylene prices further intensified the overall decline in LDPE prices. The subdued demand was exacerbated by the global economic downturn and sluggish market growth in China The downstream industries, particularly packaging and construction, experienced reduced activity and there was lower-than-expected demand during this period. The downstream industries that extensively use LDPE, such as packaging faced high inventory levels till June 2023. Notably, the decline in LDPE prices in Singapore reached its lowest point in June. During this period, a LDPE plant shutdown occurred in China, as PetroChina Lanzhou Petrochemicals underwent maintenance turnaround starting on 15 June 2023. Additionally, there was a feedstock Ethylene plant shutdown in South Korea, where Hanwha Total Energies Petrochemical in Daesan suspended operations for maintenance turnaround from the end of April to mid-June.
The global Low-Density Polyethylene (LDPE) market stood at approximately 22.8 million tonnes in 2022 and is anticipated to grow at a healthy CAGR of 4.5% during the forecast period until 2032.
Low Density Polyethylene (LDPE) is a highly versatile polymer with diverse applications spanning multiple industries. One of its primary uses is in the creation of packaging materials, such as plastic bags, films, and sheets. LDPE's unique combination of flexibility, transparency, and resistance to moisture makes it an ideal choice for packaging various products, including food items, pharmaceuticals, and consumer goods. Additionally, LDPE plays a crucial role in the production of containers and bottles, offering a lightweight yet durable solution for packaging liquids like beverages, household cleaners, and personal care products. The polymer's versatility extends to the manufacturing of toys, sporting goods, and inflatable structures, where its softness and impact resistance enhance safety. Furthermore, LDPE finds application in the medical field, contributing to the production of devices and disposable items, including gloves, syringes, and tubing, owing to its inert properties and compatibility with sterilization processes. The polymer's electrical insulating properties make it suitable for wire and cable insulation in the electrical industry. Overall, LDPE's adaptability and cost-effectiveness make it a great e material in the production of consumer goods, from squeeze bottles to film wrap.
Low-Density Polyethylene (LDPE) finds widespread applications across various industries, contributing to its versatility and utility. In the packaging sector, LDPE is extensively used to produce plastic bags, packaging films, and bubble films for various applications. The polymer's cost-effectiveness, flexibility, and moisture resistance make it a suitable material for safely packaging both fresh and dried food products. Additionally, LDPE is employed in industrial packaging for items like clothing and electronics, meeting specific product protection requirements. The surge in demand for low-density polyethylene (LDPE) is notably impacting diverse applications, positioning it as a key player in industries such as films and sheets, extrusion coatings, injection molding, and more. As a crucial material, LDPE is extensively used in the production of films and sheets, where its unique properties, such as flexibility and moisture resistance, make it an ideal choice for packaging solutions. Extrusion coatings benefit from LDPE's versatility, enhancing the protective and functional aspects of various surfaces. In injection molding, LDPE showcases its adaptability to intricate shapes and designs, making it a preferred choice for manufacturing various plastic products. The forecasted period indicates an overall positive outlook for LDPE as it remains a key player in driving advancements in manufacturing and packaging across the globe. The global Low Density Polyethylene (LDPE) market size is anticipated to reach nearly 35.4 million tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Low Density Polyethylene (LDPE). In 2022, this region held a market share of 46% and is poised to assert dominance in the global Low Density Polyethylene (LDPE) market throughout the forecast period. The Asia Pacific (APAC) region is poised to maintain its status as the primary consumer of Low-Density Polyethylene (LDPE) due to robust industrial growth, burgeoning urbanization, and a substantial population base. Countries like China and India, at the forefront of economic development, are witnessing increased demand for LDPE across diverse sectors, including manufacturing and packaging. The rising affluence and evolving lifestyles in these nations contribute to a higher demand for packaged goods, consequently driving the consumption of LDPE. As a global manufacturing hub, APAC attracts industries reliant on LDPE applications such as films, coatings, and injection moulding. Government initiatives, coupled with sustained economic development and a growing middle class, further reinforce APAC's position as a key driver for LDPE consumption in the global market.
Based on the end-user industry, the global Low Density Polyethylene (LDPE) market is divided into Film Extrusion, Extrusion Coating, Injection Molding, Blow Molding, and Others. However, Building & Film Extrusion dominates the global Low Density Polyethylene (LDPE) market and held approximately 50% of the net LDPE market in 2022.
Major players in the Global Low Density Polyethylene (LDPE) market are Reliance Industries Limited, SINOPEC, BASF-YPC Company Limited, PetroChina Company Limited, Shaanxi Yanchang China Coal Yulin Energy and Chemical Co., Ltd., ExxonMobil Corporation, PETRONAS Chemicals Group, LOTTE Chemical Corporation, LG Chem, Hanwha Chemical Corporation, PTT Global Chemical Public Company Limited, USI Corporation, Formosa Plastics Corporation, Westlake Chemical Corporation, Chevron Phillips Chemical Company LLC, DowDuPont, LyondellBasell, Borealis, NOVA Chemicals Corporation, INEOS, Saudi Arabia Basic Industries Corporation (SABIC), Braskem, 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 Low Density Polyethylene (LDPE) which covers production, demand and supply of Low Density Polyethylene (LDPE) market in the globe.
• To analyse and forecast the market size of Low Density Polyethylene (LDPE)
• To classify and forecast Global Low Density Polyethylene (LDPE) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Low Density Polyethylene (LDPE) market in the globe.
To extract data for Global Low Density Polyethylene (LDPE) market, primary research surveys were conducted with Low Density Polyethylene (LDPE) 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 Low Density Polyethylene (LDPE) market over the coming years.
ChemAnalyst calculated Low Density Polyethylene (LDPE) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Low Density Polyethylene (LDPE). 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:
• Low Density Polyethylene (LDPE) manufacturers and other stakeholders
• Organizations, forums and alliances related to Low Density Polyethylene (LDPE) 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 Low Density Polyethylene (LDPE) 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 Low Density Polyethylene (LDPE) 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
22.8 million tonnes
Market size Volume in 2032
35.4 million tonnes
Growth Rate
CAGR of 4.5% 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, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Film Extrusion, Extrusion Coating, Injection Molding, Blow 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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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Low Density Polyethylene (LDPE) market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Low Density Polyethylene (LDPE).
3. Capacity By Location
To better understand the regional supply of Low Density Polyethylene (LDPE) by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Low Density Polyethylene (LDPE) by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Film Extrusion, Extrusion Coating, Injection Molding, Blow Molding, and Others) are creating a market and the forecast for the growth of the Low Density Polyethylene (LDPE) market.
7. Demand by Region
Analyzing the change in demand of Low Density Polyethylene (LDPE) in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Low Density Polyethylene (LDPE). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Low Density Polyethylene (LDPE).
10. Company Share
Figure out what proportion of the market share of Low Density Polyethylene (LDPE) is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Low Density Polyethylene (LDPE).
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Disruption Tracker
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tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Low Density Polyethylene (LDPE) in terms of volume in 2022?
Ans:
The global market size of Low Density Polyethylene (LDPE) had reached approximately 22.8 million tonnes in 2022.
Q2.
Which region is the major consumer of Low Density Polyethylene (LDPE)?
Ans:
Asia Pacific region is the leading consumer of Low Density Polyethylene (LDPE) globally.
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