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

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Linear Low Density Polyethylene (LLDPE) Market
Growth Outlook with Industry Review and Forecast
2019-2024
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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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• 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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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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