Market Overview: —
The global linear low density polyethylene (LLDPE) market is benefitting much from the product’s percolation in various end-user industries. Linear low density polyethylene is the result of copolymerization of ethylene with butane, octane, and hexane. This by-product of petroleum & natural gas is an organic compound that has better temperature resistance and tensile strength. Such features help the market gain traction in end-user industries such as housewares products, automotive industry, and electrical & electronics industry. The global linear low-density polyethylene market is all set to achieve robust growth during the forecast period (2017-2023) with which the market can easily surpass the anticipated market valuation by 2023. Market Research Future (MRFR) in a detailed report on the linear low-density polyethylene market included segmental analysis, drivers that can impact the market in the coming years, and updates regarding competitor profile and their latest market strategy.
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The linear low-density polyethylene market is burgeoning thanks to the features it offers. High impact strength, flexibility, chemical resistance, odor-free presence, and translucent properties are among many that found many takers in the end-user industries. Sold as granules and pellets, these get then included in industrial processes such as extrusion coating, packaging film, rotomolding, and injection molding. One of the major sectors to make the product their choicest preference is the plastic manufacturing industry. The sector makes prolific use of the product in the making of plastic films for food packaging and non-food packaging. From the agricultural sector to housewares such as kitchen accessories, luggage, and furniture part, the use of the linear low density polyethylene is snowballing. In industries, LLDPE gets used mostly for aluminum rolling, containers & tanks, decorative coatings, and dry cleaning conveyor belt. The automotive industry also has a specific use for LLDPE which ensures that the linear low-density polyethylene market would never slacken.
As per the reports published by MRFR, the global linear low-density polyethylene market can be segmented by application, end-use industries, and process type for better understanding.
Based on the application, the global linear low density polyethylene market can be segmented into extrusion coating, injection molding, packaging films, rotomolding, and others. Packaging films segment can expect considerable growth is owing to its use in the food packaging sector.
Based on the end-use application, the linear low density polyethylene market includes plastic processing industry, electrical & electronics industry, automotive industry, and others. Automotive industry can spur the growth of the market during the forecast period.
Based on the process type, the linear low density polyethylene market comprises gas phase, solution phase, and slurry phase.
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MRFR report geographically segments the linear low density polyethylene market into regions such as North America, Asia Pacific (APAC), Europe, Latin America, and Middle East & Africa (MEA).
North America is leading the market with considerable ease as the robust industrial infrastructure can give the regional market a considerable head up. Food packaging industry in the region is gaining momentum due to the changes in the lifestyle and providing thrust to the market.
The APAC market can be the fastest growing market during the forecast period, both in terms of value and volume. Packaging and retail industry is developing a significant scope for the regional market growth in countries such as India, China, and Japan. Europe’s growth would rely more on the automotive sector, but it can also be hampered by the stringent government regulations.
Notable players in the linear low density polyethylene market included in the report are Braskem (Brazil), Mitsubishi Chemicals Corporation (Tokyo), Dow Chemical Company LLC (U.S.), Exxon Mobil Corporation (U.S.), NOVA Chemicals Corporation (Canada), Borealis AG. (Austria), Chevron Phillips Chemical Company (U.S.), and LyondellBasell Industries Holdings B.V. (Netherland).
In April 2018, NOVA Chemicals Corporation inked a deal with M. Holland Co. and Osterman & Co. Inc. and assigned them as distributors in Mexico for their LLDPE products. The step is to strengthen their market presence in Mexico.
In 2018, Addivant’s WESTON 705 became commercial which introduces more safety, better performance, and enhances efficiency in food packaging in markets of regions such as the U.S., Europe, and Asia.
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