Linear Low Density Polyethylene Market - Forecast(2022 - 2027)

Report Code: CMR 1301 Report Format: PDF + Excel

Linear Low-Density Polyethylene Market Overview

Linear Low-Density Polyethylene market size is forecast to reach US$68.6 billion by 2027, after growing at a CAGR of 5.5% during 2022-2027. Linear-Low Density polyethylene is formed by copolymerizing ethylene with high reactive alkenes such as hexane, butane, and octane. Linear-Low Density Polyethylene is widely used for the production of geomembrane liners, toys, sheets and covers, plastic bags, flexible tubing waste liners, and packaging films owing to the properties such as high strength, durability, ease to handle, and inexpensive. According to World count, the toy industry uses 40 tons of plastic every year and accounted for around US$ 1 million, and 90% of the toys use plastic for external parts. According to The Toy Association, the US toy industry has generated US$ 32.6 billion in 2020 with an annual growth of 16.7% as compared to 2019. Therefore the growing usage of plastic by the toy industry will boost the Linear-Low Density Polyethylene Market during the forecast period.

COVID-19 Impact

The Covid-19 pandemic has been a major challenge for the Linear-Low Density Polyethylene market owing to directly affecting the manufacturer's supply chain across the globe and shut down the production facilities to minimize the risk of virus spreadThe major sectors such as automotive, aerospace, marine, building and construction, and others have been highly impacted. According to Aerospace Industry Association, the aerospace defense revenue has generated US$ 824 billion with a drop of 2.8% in 2020 as compared to 2019 and the supply chain has been dropped to 3% in 2020 mirroring the impacts to the workforce. Therefore, the initiations taken by the government and private sector will help to recover the Linear-Low Density Polyethylene Market during the forecast period.

Report Coverage

The report: Linear-Low Density Polyethylene Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Linear-Low Density Polyethylene industry.

By Process Type: Gas Phase, Solution Phase, and Slurry Loop.
By Product Type: Roto-Molding, Extrusion Molding, Blow Molding, Compress Molding, Injection Molding and Others.
By Application: Protective films, Wires & Cables, Wall Systems, Insulation and Façade, Sheets, Pipes, Bags and Waste Liners, Bottles and Drums, Diapers and Absorbent Products, Crop Solutions, Packaging and Others.
By End-Use Industry: Transportation (Automotive, Aerospace, Marine, Railway),Building & Construction (Residential Construction, Commercial Construction, Infrastructure, and Others), Electrical & Electronics, Sports & Leisure, Chemical Manufacturing and Industrial, Healthcare and Hygiene, Agriculture, Feed and Animal Care, Food & Beverages, Cosmetics, and Others.
By Geography: North America (USA, Canada, and Mexico), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World: The Middle East(Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa(South Africa, Nigeria, Rest of Africa). 

Key Takeaways

  • The Asia Pacific is expected to register a CAGR of 6.8% during the forecast period (2022-2027). The increasing demand for plastics in automotive, defense, construction, and others in Asian countries such as China, India, Japan, and South Korea is driving the market demand for Linear-Low Density Polyethylene.

  • The growing usage of Linear-Low Density Polyethylene in plastic bags, toys, sheets cover, flexible tubing, and others are influencing the growth of the Linear-Low Density polyethylene market due to good water absorption quality along with high chemical and impact strength.

  • The rise in the demand for protective films in agriculture owing to reduce soil erosion and improve crop production will accelerate the Linear-Low Density polyethylene market.


Figure: Asia Pacific Linear-Low Density Polyethylene Market Revenue, 2021-2027 (US$ Billion)

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Linear-Low Density Polyethylene Market Segment Analysis – By Product Type

The Roto molding segments accounted for around 15% of the market share in 2021 and are estimated to grow at a significant CAGR during the forecast period. The factor that is helping in the growth of the Roto molding segment is widely used to manufacture hollow components using plastics like containers, tankers, bins, pallets, boats, bottles, pipes, a body of different gadgets, and others. These components are widely used in various industries like construction, transportation, consumer goods, and others. According to Plastic Manufacturing Europe, 368 million tonnes of plastic were produced in the world in 2019 as compared to 359 million tonnes produced in 2018. Therefore, the growing production of plastic will boost the demand for plastic products and in turn will increase the demand for Linear-Low Density Polyethylene Market during the forecast period.

Linear-Low Density Polyethylene Market Segment Analysis – By Application

The Protective films type segments accounted for approximately 65% of the market share in 2021 and are estimated to grow at a significant CAGR during the forecast period. Protective films is a material used to protect surfaces from scratches, abrasion, humidity, dust and give resistance to UV radiation, hot and cold temperature. The Protective films are widely used in Aerospace engineering to create quieter, lighter, and damage-resistant equipment, industries require protective film for customized sizes to fit various pieces of equipment or newly manufactured products. According to Federal Reserve’s US, Industrial production increased by 0.5%, and the indexes for both manufacturing and mining increased by 0.7% in November 2021. Therefore the growing production of industrial products is increasing demand for Protective films are driving the Linear-Low Density Polyethylene market during the forecast period.

Linear-Low Density Polyethylene Market Segment Analysis – By End Use Industry

The Transportation segment accounted for more than 13% of the market share in 2021 and is estimated to grow significantly during the forecast period. The increasing demand for lightweight vehicles by replacing aluminum and steel components with plastic to improve the fuel efficiency of the vehicle. Linear low-density polyethylene is widely used to manufacture various auto components like liners, dashboards, and others owing to its superior impact high strength, improved aesthetics, recyclability, scratch resistance, easy moldability, vibration, and noise control. According to Semiconductor Industry Association, global semiconductor industry sales is around US$ 49.7 billion in November 2021, an increase of 23.5% over the same period of 2020 total of US$ 40.2 billion and 1.5% more than October 2021 of US 49.0 billion. The semiconductors are widely used in the transportation sector for safety and control systems, electronic systems, infotainment, power trains, and others. Therefore, the growing transportation sector will fuel the demand for Linear-Low Density Polyethylene during the forecast period.

Linear-Low Density Polyethylene Market Segment Analysis – By Geography

Asia Pacific region held the largest share in the Linear-Low Density Polyethylene market in 2021 up to 45%, owing to the presence of large Infrastructure projects in developing countries like China, India, Indonesia, and others. The comprehensive use of Linear-Low Density Polyethylene in building & construction, electronic goods, healthcare, and others is helping in the market growth during the forecast period. According to Invest India, 20% of global supply by volume and 62% of the global supply of vaccines is done by India. The growth rate of the pharmaceutical industry in India is around 10-12% and is expected to reach US$ 65 billion by 2024 and US$ 120-130 billion by 2030. The Pharmaceutical sector uses Linear-Low Density Polyethylene in the packaging of medicines. Therefore, the growing Pharmaceutical sector is growing the demand for the Linear-Low Density Polyethylene Market.

Linear-Low Density Polyethylene Market Drivers:

The consumption of Plastic in electronics

The growing demand for plastic in electronics is driving the Linear-Low Density Polyethylene market. The usage of plastic by replacing metal is reducing the weight of an electronic component and improving thermal and mechanical properties are fuelling the Linear-Low Density Polyethylene market. According to Invest India, the global electronic component market is expected to reach US$ 191.8 billion by 2022 of which the Asia Pacific is likely to dominate the market. Therefore, the growing electronic component sector will be driving the Linear-Low Density Polyethylene market during the forecast period. 

Increasing demand for Films in Agriculture

The growing demand for film in the Agriculture sector for the cultivation of food owing to improve crop productivity and quality is fuelling the Linear-Low Density Polyethylene market. The films are mostly made of plastic used to modify soil temperature, prevent moisture loss, and limits weed growth as well as precocity. According to the Department of Agriculture, the gross value of Agriculture production of Australia is projected to record US$ 56 billion and export value is estimated to increase by 27% and record US$ 44 billion in 2021- 2022. Therefore the use of films in Agriculture will increase the demand for Linear Low-Density Polyethylene during the forecast period.

Linear-Low Density Polyethylene Market Challenges

Volatile Raw Material Prices and Rising Environment Concerns.

The volatile prices of raw materials owing to the fluctuating prices of crude oil are hampering the Linear Low-density Polyethylene market. Ethylene and crude oil are the key raw material used during the production of plastic and ethylene, butane, hexane, and octane are used in the production of Linear Low-density Polyethylene. According to US Energy Information Administration, there was a steep decline in the prices of crude oil in the first half of 2020 and later it slowly recovered. The strict regulation passed by the government and challenges for plastic recycling is also hampering the Linear-Low Density Polyethylene market growth during the forecast period.

Linear-Low Density Polyethylene Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Linear-Low Density Polyethylene market. Major players in the Linear-Low Density Polyethylene market are:

  • The Dow Chemical Company
  • Exxon Mobil Corporation
  • Lyondellbasell Industries Holdings B.V.
  • Mitsubishi Co. Ltd
  • Borealis AG
  • Chevron Phillips Chemical Company LLC
  • SABIC
  • NOVA Chemicals Corporation
  • Petro Rabigh
  • Reliance Industries Limited 

Recent Developments

In December 2021, Liwa Plastics Industries Complex (LPIC) has commissioned in Sohar Industrial Port. The project will boost the industrial sector through the annual production of 838,000 tonnes of polyethylene, a raw material used in nearly 40% of plastics-based products and commodities produced globally, and about 215,000 tons of polypropylene.

In April 2021, NOVA Chemicals Corporation has launched its first three grades of 100% post-consumer polyethylene resins. The post-consumer resin (PCR) grades each come from a dedicated source and are ideal for a range of flexible film applications.

Relevant Reports

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Report Code: CMR 0475

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1. Linear Low Density Polyethylene Market- Market Overview
    1.1 Definitions and Scope 
2. Linear Low Density Polyethylene Market - Executive Summary
    2.1 Key Trends by Process Type
    2.2 Key Trends by Product Type
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Linear Low Density Polyethylene Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Linear Low Density Polyethylene Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Linear Low Density Polyethylene Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Linear Low Density Polyethylene Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Linear Low Density Polyethylene Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Linear Low Density Polyethylene Market – By Process Type(Market Size -$Million/Billion)
    8.1 Gas Phase
    8.2 Solution Phase
    8.3 Slurry Loop
9. Linear Low Density Polyethylene Market – By Product Type(Market Size -$Million/Billion)
    9.1 Roto-Molding
    9.2 Extrusion Molding
    9.3 Blow Molding
    9.4 Compress Molding
    9.5 Injection Molding
    9.6 Others
10. Linear Low Density Polyethylene Market – By Application(Market Size -$Million/Billion)
    10.1 Protective films
    10.2 Wires & Cables
    10.3 Wall Systems, Insulation and Facade
    10.4 Sheets
    10.5 Pipes
    10.6 Bags and Waste Liners
    10.7 Bottles and Drums
    10.8 Diapers and Absorbent Products
    10.9 Crop Solutions
    10.10 Packaging
    10.11 Others 
11. Linear Low Density Polyethylene Market – By End Use Industry (Market Size -$Million/Billion)
    11.1 Transportation
        11.1.1 Automotive
        11.1.2 Aerospace
        11.1.3 Marine
        11.1.4 Railway
    11.2 Building & Construction
        11.2.1 Residential Construction
        11.2.2 Commercial Construction
        11.2.3 Infrastructure
        11.2.4 Others
    11.3 Electrical & Electronics
    11.4 Sports & Leisure
    11.5 Chemical Manufacturing and Industrial
    11.6 Healthcare and Hygiene
    11.7 Agriculture, Feed and Animal Care
    11.8 Food & Beverages
    11.9 Cosmetics
    11.10 Others
12. Linear Low Density Polyethylene Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.2.1 Brazil
        12.2.2 Argentina
        12.2.3 Colombia
        12.2.4 Chile
        12.2.5 Rest of South America
    12.3 Europe
        12.3.1 UK
        12.3.2 Germany
        12.3.3 France
        12.3.4 Italy
        12.3.5 Netherlands
        12.3.6 Spain
        12.3.7 Russia
        12.3.8 Belgium
        12.3.9 Rest of Europe
    12.4 Asia-Pacific
        12.4.1 China
        12.4.2 Japan
        12.4.3 India
        12.4.4 South Korea
        12.4.5 Australia and New Zeeland
        12.4.6 Indonesia
        12.4.7 Taiwan
        12.4.8 Malaysia
        12.4.9 Rest of APAC
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Linear Low Density Polyethylene Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Linear Low Density Polyethylene Market – Industry/Segment Competition Landscape Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Linear Low Density Polyethylene Market – Key Company List by Country Premium Premium
16. Linear Low Density Polyethylene Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"