Global Low Density Polyethylene Market: Low-density polyethylene is a thermoplastic polymer of ethylene manufactured by process of free radical polymerization at a high pressure. Low density polyethylene is amongst the generally produced industrial plastics. Low density polyethylene is accounted for 23% of the total polyethylene market.
Increasing demand for packaging and automotive industry is expected to fuel growth of the global low density polyethylene market
Growing packaging industry along with automotive and construction industry is anticipated to fuel the market over the years. Low density polyethylene is primarily used in packaging films, dispensable bottles, sheet, containers, medicals, & surgical equipment’s, boxes, personal care & hygiene, liquid packaging and milk cartons due to low reactive nature. Production cost of low density polyethylene is low compared to other substitutes namely polystyrene and nylon is expected to fuel the market over the forecasted period.
Packaging industry is expected to the largest application segment for low-density polyethylene followed by automotive and construction. Due to rapid urbanization and increasing disposable income of the people is expected to boost the end use applications market which is expected to drive the low-density polyethylene market.
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Europe is a largest manufacturer and exporter of low-density polyethylene product and is anticipated to continue the significant share in near future. Sale from automotive industry due to government regulations regarding vehicle performance is anticipated to drive the market in Europe. In the construction sector, energy efficient infrastructure is accelerating the demand for insulation products and is foreseen to drive the low-density polyethylene market. Asia Pacific region is anticipated to grow at a tremendous pace owing to growing demand from construction and automotive industry. High capacity additions in the Middle East and China are projected to increase the supply of low-density polyethylene. Increase in industrial developments in China is anticipated to drive the demand in this region. North America region is foreseen to grow at moderate rate due to demand from automotive industry and food packaging industry.
Key players operational in the global market are Dow Chemical Company, GE Oil & Gas, British Polythene Industries, Borealis AG, Chevron Phillips Chemical Company LLC, DuPont, Formosa Plastics Corporation, Nova Chemicals Corporation, Exxon Mobil Chemical Company, and Huntsman Corporation.