Middle-East Linear Low-Density Polyethylene (LLDPE) Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Middle East Linear Low-Density Polyethylene (LLDPE) Market is Segmented by Application (Films, Injection Molding, Roto Molding, and Others), and by Geography (Saudi Arabia, United Arab Emirates, Iran, Iraq, Egypt, and Rest of the Middle-East). The report offers market size and forecasts for LLDPE Market in value (USD Million) for all the above segments.

Market Snapshot

Middle-East LLDPE Market - Market Summary
Study Period: 2022-2027
Base Year: 2021
CAGR: >3 %

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Market Overview

Middle-East LLDPE Market is projected to register a CAGR of over 3% during the forecast period.

LLDPE is majorly used in packaging, automotive, electronics, and consumer goods, the shutdown of many such industries during the outbreak of COVID-19 relatively affected the demand for LLDPE in the market.  However, with the unavailability of dine-in and restaurant options, the packaged food industry contributed to a surge in demand. The market is projected to grow steadily due to increasing demand from the packaging, construction, and automotive industries. 

  • Over the short term, the growing middle-class population favoring higher consumption of packaged food is a strong driver for simulating market growth. The benefits of LLDPE over LDPE like higher resistance to chemicals and cracking, and better mechanical characteristics at higher and lower temperatures make it favorable for both machine and manual packaging.
  • However, increasing global demand for sustainability resulting in stringent regulations on single-use plastics and the demand for redesigning of packaging process for reducing consumption of LLDPE are factors hindering the market's growth.
  • Nevertheless, with varied applications in film making such as specialty films, cast films, stretch films, lamination films, and molding processes such as rotational molding and injection-molded products, the demand for LLDPE is expected to grow during the forecast period.

Scope of the Report

Linear low-density polyethylene (LLDPE) is a substantially linear form of polymer, which has several short branches made by copolymerization of ethylene with the longer-chain olefins. It is manufactured by low-pressure technologies involving either slurry, solution, or gas phase processes. The manufacturing process usually consists of four stages including purification and catalyst preparation, reaction, distillation, and finishing. LLDPE has primarily been used for packaging and injection molding purposes with end-use industries including packaging, construction, consumer goods, and automotive industries. The Middle-East LLDPE market is segmented by application and geography. By application, the market is segmented into films, injection molding, roto molding, and other applications. The report also covers the market size and forecasts for six countries across the regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD Million).

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Key Market Trends

Growing Demand for Packaged Foods

  • The hectic lifestyle of people and the rise in preference for convenience have augmented the packaged food demand in the region. The rapidly growing population favors the consumption of packaged foods and beverages, thus boosting the market growth. 
  • According to the Interpack, 5% of the world’s consumption of packaged goods is consumed in the Middle East. Over the next four years, the packaged food demand will increase by 21% and is likely to be over 44 million tons.
  • Rising innovations in different food packaging, healthy ingredients, and the usage of plant-based products have contributed to market growth in the next five years.
  • In addition, the rising demand for plant-based products owing to the growing vegan population in the region has amplified industry players to create lucrative opportunities.
LLDPE Market - Segmentation

Iran Showing Immense Potential with Production Expansion Through New Projects

  • According to the National Petrochemical Company (NPC) media release, the current production capacity of polymers is 9 million tons per year which is planned to reach 20 million tons per year by 2025. This will be achieved through three different mega-projects planned across Iran. So, companies are expanding their production capacity to increase their product portfolio.
  • In January 2021, Hormoz Persian Gulf Petrochemical Company would be developing a plant with an annual capacity of 5.8 million tons against an investment of about USD 4.5 billion. The feedstock to the plant will be butane and ethane with polyethylene and polypropylene being the two major products.
  • Another project would be Vista Energy Arghavan, located in Assaluyeh, costing USD 1.6 billion in investment, with an annual production capacity of 1.8 million tons. The feedstock would be ethane and butane.
  • The third project will be an aromatic olefin project by Aria Oil and Gas Company, which is a subsidiary of the Persian Gulf Petrochemical Industries Company (PGPIC). The feedstock would be naphtha and ethane and the plant is expected to have an annual production capacity of 4.8 million tons. The project would reportedly be built on an investment of USD 4.8 Billion.
  • These projects were aimed at completing the value chain and diversity aspect of the petrochemical portfolio and would boost the overall market in the Middle-East region.
LLDPE Market - Segmentation

Competitive Landscape

The Middle-East LLDPE market is consolidated in nature. Some of the major players in the market include SABIC, Saudi Polymers LLC, Dow, Exxon Mobil Corporation, Reliance Industries Limited, DuPont, Eastman Chemical Company, TotalEnergies among others.

Major Players

  1. SABIC

  2. Dow

  3. Exxon Mobil Corporation

  4. Reliance Industries Limited

  5. DuPont

ME LLDPE Market Concentration.png

Recent Development

  • In August 2022, Dow Chemicals announced that it is cutting down its global polyethylene production by 15% temporarily owing to continued global logistics constraints.
  • In January 2022, Bamberger Polymers Inc. entered a distribution deal with Saudi Basic Industries Corp. (SABIC) to further expand SABIC’s market presence making use of Bamberger’s strong and successful marketing and distribution network.
  • In January 2022, Exxon Mobil Corporation & SABIC announced their partnership for the next 40 years on petrochemical projects, with Gulf Coast Growth Ventures representing their first joint venture in the United States.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Food Packaging Industry

      2. 4.1.2 Growing Preference for LLDPE over LDPE

    2. 4.2 Restraints

      1. 4.2.1 Increasing Demand for Sustainability and Stringent Regulations on Plastic Use

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      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 Application

      1. 5.1.1 Films

      2. 5.1.2 Injection Molding

      3. 5.1.3 Roto Molding

      4. 5.1.4 Others

    2. 5.2 Geography

      1. 5.2.1 Saudi Arabia

      2. 5.2.2 United Arab Emirates

      3. 5.2.3 Iran

      4. 5.2.4 Iraq

      5. 5.2.5 Egypt

      6. 5.2.6 Rest of Middle East

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 DuPont

      2. 6.4.2 Dow

      3. 6.4.3 Eastman Chemical Company

      4. 6.4.4 Exxon Mobil Corporation

      5. 6.4.5 GAP Polymers

      6. 6.4.6 Reliance Industries Limited

      7. 6.4.7 SABIC

      8. 6.4.8 Saudi Polymers LLC

      9. 6.4.9 TotalEnergies

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

    1. 7.1 Increase in Production Capacity Across the Middle East

**Subject to Availability
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Frequently Asked Questions

The Middle East LLDPE Market market is studied from 2022 - 2027.

The Middle East LLDPE Market is growing at a CAGR of >3% over the next 5 years.

SABIC, Dow, Exxon Mobil Corporation, Reliance Industries Limited, DuPont are the major companies operating in Middle East LLDPE Market.

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