Published on : Jun 18, 2020
Low-density polyethylene (LDPE) has a wide combination of properties which include flexibility, heat resistant, barrier properties, and affordability. The varying set of properties make low-density polyethylene suitable for use in various industries including construction, packaging, textile and automotive. All the aforementioned industries are growing widely and this in turn is propelling the low-density polyethylene market globally.
Rise in the growth of e-commerce is another factor which will enhance the demand for low-density polyethylene. The newly added report in the repository of RMoz database titled “Low Density Polyethylene (LDPE) Market - Global Industry Analysis and Opportunity Assessment, 2019-2029” provides details of factors that will be influencing the low-density polyethylene market in the course of forecast period of 2019-2029.
The research report has also taken drivers, trends, and restraining factors into account. Another area of focus of the report includes upcoming opportunities and competitive landscape of the low-density polyethylene market.
Composed of 149 pages, the low-density polyethylene market report is presented in a chapter-wise format. Each chapter discusses different aspects of the market. The report includes an exhaustive array of graphs and pictorial representations to depict growth trends pictorially.
The preparation of the report involved an extensive research phase. Analysts reached out to experts and researchers from chemical sciences fraternity to understand various dimensions shaping the global low-density polyethylene market in the forthcoming years.
Primarily, low-density polyethylene is widely used in packaging of dispensing bottles, packaging films, disposable beverage cups, milk cartoons, and plastic bags for garbage and newspaper. It is also used in the manufacturing of container lids and some toys. This is one of the major factors driving the global low-density polyethylene market in the forthcoming years.
The raw materials required for the production of low-density polyethylene are easily available in abundance. Hence, it is comparatively cheaper than its substitutes which include low linear density polyethylene (LLDPE), nylon, and polystyrene. This will maintain the growth graph of low-density polyethylene market globally.
However, low-density polyethylene can take more than hundred years to decompose in the landfill, and there is a chance that it may not degrade, leaving the environment polluted. Only option left with LDPE is recycle or reuse. This is the reason developed countries are opting for high density polyethylene (HDPE). The switch is hindering the growth of low-density polyethylene market.
On the other side, less moisture content in LDPE makes it suitable for storage of eatables. It does not emit any kind of toxic chemical on packaging of any products, thus is widely used in the food industry for packaging purpose. This is a major driver of global low-density polyethylene market.
On the basis of end user, the construction and automotive industries offer sizable revenues to the global market, in addition to packaging industry. With rapid pace of urbanization and substantial expenditure on constructions in emerging economies, the low-density polyethylene market is also bound to grow in the course of forecast period.
Owing to high resistant to chemical reaction and thermal conductivity, use of LDPE is favorable in production of wire and cable insulation. LPDE is also used in manufacture of injection molding. Demand for LPDE in these industries is also fuelling global low-density polyethylene market.
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Rising population in emerging economies such as India and China is registering the need for industrialization and urbanization. This rise in demand for construction industry is expected to drive the market of low-density polyethylene. Large investments in the petrochemical in Middle East may lead to steady growth of low-density polyethylene market in between 2019 and 2029.
Some of the prominent players in the low-density polyethylene market are Reliance Industries Ltd, Exxon Mobil, Dow Chemical Company, LyondellBasell, The National Petrochemical Company, and The China Petroleum and Chemical Corporation.