Low-density Polyethylene (LDPE) Market – Growth, Trends, and Forecast (2019 – 2024)

The Market is Segmented by End-user Industry (Agriculture, Electrical and Electronics, Packaging, Construction, and Other End-user Industries), and Geography.

Market Snapshot

Naphtha Market - Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for low-density polyethylene (LDPE) is anticipated to register a CAGR of 4.5%, during the forecast period (2019-2024). Increasing demand for flexible packaging, from various end-user industries, is expected to drive the demand for the market during the forecast period. The demand for a substitute, such as LLDPE and HDPE, in the regions, such as North America, Europe, etc., is likely to hinder the market studied.

  • Increasing demand for LDPE in the pharmaceutical industry is likely to act as an opportunity for the market studied, in the future.
  • The Asia-Pacific region dominated the global market, with the largest consumption recorded in 2018.

Scope of the Report

The scope of the low-density polyethylene market report includes:

End-user Industry
Agriculture
Electrical and Electronics
Packaging
Construction
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Packaging Industry

  • Low-density polyethylene is being used in different end-user industries, due to its properties, such as chemical resistance, flexible, soft, etc. Its major end user is the packaging industry.
  • Low-density polyethylene is majorly used in the food industry, for packaging applications. It can hold products without emitting harmful chemicals. Owing to its less moisture content, it is used in the storage of food items.
  • The global packaging market was worth USD 851 billion in 2017, recording an increase of 2.8% from the previous year. 
  • The packaging is one of the largest application sectors for LDPE, due to the robust demand from developing countries, such as India and China.
  • Globally, China is estimated to account for around 48% of the growth in the consumption of packaging, by 2022.
  • All the aforementioned factors are expected to increase the demand for LDPE from the packaging industry. 
Naphtha Market- Segmentation

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Asia-Pacific Region to Dominate the Market

  • Asia-Pacific dominated the global market, with a share of more than 30%, in 2018. This growth is majorly due to the rising demand from the packaging industry, in countries, such as China, India, and Japan.
  • Industries in Asia-Pacific, such as food and beverages, are propelling the market growth.
  • China is the largest consumer of packaging in the region. By 2020, China is expected to be responsible for around half of the world's packaging consumption growth.
  • The estimated value of the packaging industry in India is about USD 14 billion, and it is expected to grow further.
  • According to the Indian Packaging Institute, there were around 700 packaging machinery manufacturers in India, in early 2018.
  • The increase in lightweight packaging in industries, such as electronics, healthcare, and food and beverages, in the region is driving the growth of the market studied.
Naphtha Market - Regional Trend

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Competitive Landscape

The low-density polyethylene market is fragmented in nature. Key players in the market studied include Exxon Mobil Corporation, LyondellBasell, DowDuPont, LG Chem, Reliance Industries Limited, etc.

Major Players

  1. China Petrochemical Corporation
  2. Exxon Mobil Corporation
  3. DowDuPont
  4. LG Chem
  5. Reliance Industries Limited

* Complete list of players covered available in the table of contents below

Naphtha Market- Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rise in Demand from Flexible Packaging

      2. 4.1.2 Surging Demand for Film and Sheets

    2. 4.2 Restraints

      1. 4.2.1 Substitution of Other Polyethylene Products

      2. 4.2.2 Banning of Plastics

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 End-user Industry

      1. 5.1.1 Agriculture

      2. 5.1.2 Electrical and Electronics

      3. 5.1.3 Packaging

      4. 5.1.4 Construction

      5. 5.1.5 Other End-user Industries

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Chevron Phillips Chemical Company

      2. 6.4.2 China Petrochemical Corporation

      3. 6.4.3 DowDuPont

      4. 6.4.4 Exxon Mobil Corporation

      5. 6.4.5 Formosa Plastics Corporation

      6. 6.4.6 LG Chem

      7. 6.4.7 LyondellBasell

      8. 6.4.8 National Petrochemical Company

      9. 6.4.9 NOVA Chemicals Corporation

      10. 6.4.10 Reliance Industries Limited

      11. 6.4.11 Westlake Chemical Corporation

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand for LDPE in Pharmaceutical Industry

**Subject to Availability

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