Linear low density polyethylene (LLDPE) is a copolymer produced from copolymerizing ethylene with butane, octane, and hexane. Ethylene is an organic compound derived from petroleum & natural gas. It is mostly preferred over conventional linear density polyethylene owing to improved temperature resistance & tensile strength. Additionally, it offers high impact strength, flexible, chemical resistance, odorless, and translucent properties. Growing demand from various end use industries such as housewares products, automotive industry, electrical & electronics industry, and others is expected to propel the growth of the global LLDPE market. It is sold as colorless and odorless plastic granules and pellets in the market. Furthermore, these pellets are used in industrial process such as extrusion coating, rotomolding, packaging film, and injection molding. Moreover, it is widely used in the food packaging industry owing to the properties that it offers such as heat resistance, flexibility, and ease to seal. The market for non-food packaging industry is majorly driven by the high usage of the thin films due to low production cost. Additionally, increasing demand for non-food packaging films from the agriculture sector for irrigation purposes is expected to increase the demand for product in profile extrusion. This application is attributed to the production of pipes, tubes, and others. Rotomolding and injection molding are extensively used in production of housewares products such as kitchen accessories, luggage, and furniture parts. Furthermore, growing use of LLDPE in industrial applications such as aluminium rolling, containers & tanks, dry cleaning conveyor belts and decorative coatings is expected to drive a significant demand for LLDPE over the forecast period.

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Key Players and Competition Analysis

Some of the key players in the global LLDPE market are NOVA Chemicals Corporation (Canada), The Dow Chemical Company LLC (U.S.), Exxon Mobil Corporation (U.S.), Mitsubishi Chemicals Corporation (Tokyo), Braskem (Brazil), Chevron Phillips Chemical Company (U.S.), Borealis AG. (Austria), and lyondellBasell Industries Holdings B.V. (Netherland)

Segmentation Analysis

The global linear low density polyethylene market is segmented by application, end-use industries, process type, and region. On the basis of the end use application, the global LLDPE market is segmented into plastic processing industry, electrical& electronics industry, automotive industry, automotive, and others. On the basis of the process type, the global LLDPE market is segmented into gas phase, solution phase, and slurry phase.

Regional Analysis

North America is the leading market in terms of revenue due to high demand for the material in application of packaging films, extrusion coating and rotomolding. The U.S. is the leader of food packaging industry in the region. This is attributed to the large manufacturing base of the giant players in the country. Further, the growing demand from various end use industries such as building & construction, automotive industry, electrical & electronics Industry is expected to propel the demand for LLDPE in market. Europe is expected to witness a surge in market owing to the growing automotive, electronics, food packaging and power & telecommunication industry. In terms of value added the food & beverage industry is estimated to be the largest in manufacturing sector in the region. Further, rapid growth in exports of automobiles globally is likely to increase the consumption of LLDPE by the industry. Stringent government regulation to limit the use of LLDPE hampers the growth of the product in the market. Furthermore, the growing power & telecommunication industry induces the manufacturing of supporting electrical equipment’s like cables & wires is expected to propel the demand for the product in the region. Browse the market data and information spread across 100 pages with 33 data tables and 12 figures of the report “Linear low density polyethylene market by fastest growing packaging and retail industry Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/linear-low-density-polyethylenes-market-6040

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