Linear Low Density Polyethylene (LLDPE) Market report for 2024 – Companies, applications, products and more - PowerPoint PPT Presentation

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Linear Low Density Polyethylene (LLDPE) Market report for 2024 – Companies, applications, products and more

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This Linear Low Density Polyethylene (LLDPE) Market report is an exhaustive research on companies active in Linear Low Density Polyethylene (LLDPE) sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years. – PowerPoint PPT presentation

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Title: Linear Low Density Polyethylene (LLDPE) Market report for 2024 – Companies, applications, products and more


1
Linear Low Density Polyethylene (LLDPE) Market
Growth Outlook with Industry Review and Forecast
2019-2024
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2
Global Market Scenario of Linear Low Density
Polyethylene (LLDPE) Industry
  • Linear low density polyethylene (LLDPE) market
    will grow at a moderate rate in the forecast
    period. The growth being attributed to vigorous
    increase in automotive, retail packaging,
    consumer goods and agriculture industries.
  • In Europe, the market will register CAGR above 5
    by 2024, due to technological advancements
    coupled with rapid industrialization.
  • Global packaging market is probable to surpass
    USD 1 trillion in forecast period, being driven
    by the paper board sector. Revolution in
    processed food and beverage goods packaging
    designs will open brighter growth prospects for
    the product in near future.
  • Growing application prospects of LLDPE will
    propel the market at a substantial rate. For
    instance, it is likely to witness significant
    demand as a substitute for few polyethylene
    grades such as HDPE and LDPE, due to better
    chemical and physical properties of the product.
  • The polymer is widely used in mining, canal
    lining, packaging industry, geomembrane liners
    and hazardous waste liners and thus has brighter
    demand aspects in near future.

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3
Continue-
  • Owing to the wide range of applications such as
    moisture resistance in the concrete structure,
    soil erosion prevention in agriculture, etc.
  • LLDPE films likely to contribute to 70 of the
    application revenue share by 2024. The product is
    popularly used in food packaging. By 2024, the
    global food packaging market is estimated to
    surpass USD 310 billion which presents brighter
    growth aspects for the market in the forecast
    period.
  • LLDPE films are used for sacks and bags
    manufacturing as well, due to their mechanical
    properties.
  • Rotomolded LLDPE is likely to have revenues over
    USD 6.9 billion in 2024. The growth is attributed
    to its benefits of being simpler and affordable
    compared to injection molding or blow molding.
  • Its applications in water treatment, packaging,
    agriculture, automotive construction and
    furniture industries will propel the market in
    coming years.

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4
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5
360 Industry Analysis
  • Asia Pacific is estimated to be the largest share
    observer for LLDPE market in 2024. Robust
    industrialization in the region due to thriving
    textiles, oil natural gas, automobiles,
    manufacturing and electronics industries in the
    regional economies will encourage the
    construction spending and will boost market
    growth.
  • Rapidly expanding Indian e-commerce and organized
    retailing will also contribute to the market
    growth. Malaysia and Thailand are strengthening
    the packaging industry which will consequently
    increase the regional product consumption.
  • North America will have a share over USD 7.5
    billion by 2024. The regional market is led by
    U.S., having an established web of pharmaceutical
    companies. These will need LLDPE films for
    medical packaging. The construction spending in
    U.S. is predicted to grow over 6 CAGR by 2024
    particularly due to its infrastructural
    development.
  • Europe has been a prevalent automobile market
    globally with major OEM and other automotive
    suppliers based in Sweden, Germany etc. The
    region is likely to observe rise in meat
    packaging, telecommunication, automobile, and
    electronics industries in the coming years.
  •  

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  • Competitive Analysis
  • Key market players are Reliance Industries,
    LyondeBassells Industries N.V., The Dow Chemical
    Company, Nova Chemicals Corporation, Saudi Basic
    Industries Corporation (SABIC), China Petroleum
    Chemical Corporation (Sinopec Corporation), INEOS
    Group AG, CNPC, Exxon Mobil Corporation, Borealis
    AG, Sasol Limited, Mitsui and Westlake,
    Mitsubishi Chemicals, Chevron Phillips Chemical
    Company LLC, and Braskem S.A.

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Latest Research Report On Linear Low Market
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