Low Density Polyethylene Market projected to increase at a CAGR of 4.5% during the projected period of 2022-2029

 Future Market Insights (FMI) recently published a revised market research report on the low density polyethylene (LDPE) that analyzes the low density polyethylene market and provides critical insights for the forecast period of 2019-2029. The global low density polyethylene market is likely to be valued at US$ 58,782.2 Mn in 2019 and is projected to increase at a CAGR of 4.5% during the projected period of 2022-2029.  

 

As per the key findings of the report, the global low density polyethylene market is expected to witness considerable growth in the coming years due to the steady increase in the adoption of low density polyethylene in various automotive applications such as electrical components, upholstery, liquid reservoirs, etc.

Besides, stringent government regulations regarding reducing vehicular emissions are forcing manufacturers to shift towards lightweight plastics for various applications. With the automotive industry expanding at a high growth rate, more demand for low density polyethylene is expected in the future.

High Demand for LDPE from Construction and Retail Industries

High usage of low density polyethylene is seen in the construction industry. With new construction projects coming up everywhere, the market demand for basic household products is also expected to rise. Most of these products are made by processing low density polyethylene (LDPE) through injection and extrusion moulding, e.g., pipes, trays, general purpose containers, toys and various bathroom, and kitchen products. Moreover, in the retail industry, more focus is on the packaging of products.

In 2014, total global retail sales were valued at ~US$ 20 Trn, which are expected to reach ~US$ 30.0 Trn – US$ 30.5 Trn by 2020 at a CAGR of ~ 6%. Low density polyethylene finds application in packaging and protective packaging of innumerable products sold in retail outlets. This, in turn, adds value to the global low density polyethylene market. Also, due to the rise in e-commerce, more people are buying products online. In 2014, the global e-commerce retail market was valued at ~US$ 1.5 Trn, which is expected to reach US$ 2.9-3.0 Trn by 2020.

In online business, safe delivery of commodities to customers is a critical concern for sellers. More attention is given on packaging of products bought through e-commerce or online sources, as compared to products sold through other channels. This factor is further driving the demand for low density polyethylene worldwide.

Manufacturers Focus on Improved Quality of LDPE Grade and Lowered Production Costs

The global low density polyethylene market is considered to be a significantly consolidated one.The report highlights some of the prominent market players, who have established themselves as leaders in the global low density polyethylene LDPE market. Such market participants are focusing on expansion of business through mergers, acquisitions, and joint ventures. A few examples of key players in theglobal low density polyethylene market are LyondellBasell Industries N.V, The Dow Chemical Company, ExxonMobil Corporation, Saudi Basic Industries Corporation (SABIC), Qatar Petrochemical Company Q.S.C, BASF-YPC Company Limited, LG Chem Ltd., DuPont de Nemours, Inc., Braskem S.A., and Formosa Plastics Corporation, among others.

Global low density polyethylene manufacturers are focusing on improvements in low density polyethylene manufacturing technologies according to market requirements, in terms of quality of product grades, lower production costs, and environmental impact of the product.

For More Info - https://www.futuremarketinsights.com/reports/low-density-polyethylene-market

Comments

Post a Comment

Popular posts from this blog

Micro Irrigation Systems Market is expected to register 13% CAGR through the end of 2031

  The global  micro irrigation systems market is expected to grow at an exponential rate of more than 13% CAGR through the end of 2031, according to insights from the latest study from Future Market Insights (FMI) an ESOMAR-certified research and consulting firm. The report provides a detailed analysis in more than 20 high growth regional markets, with comprehensive details on the prospects of micro irrigation systems through the coming decade. Micro irrigation systems are gaining importance in the agriculture sector, owing to their efficacy in minimizing the effects of drought conditions, at comparatively low costs. Increasing demand for water and concerns over scarcity of this natural resource, with its effects in terms of quality and crop yield will play key roles in driving the growth of the market. Growing interest in greenhouse farming is also driving micro-irrigation systems in specialized farms. The study by FMI has analyzed the global demand for micro irrigation...
Read more

Single-use Filtration Assemblies Market Analysis, Key Manufacturers, and Growth Forecast 2023 to 2033

 The global  single-use filtration assemblies market  is predicted to be worth US$ 3.53 billion in 2023 and rise to US$ 19.28 billion by 2033. Initially, the global market was expanding at a CAGR of 19.8% from 2018 to 2022. Smaller batch sizes, increased demand for customized treatments, and the need for adaptive and scalable solutions are the leading factors fostering the development of single-use technologies in the pharmaceutical industry. Spending on pharmaceutical research and development for the product has increased, since single-use assemblies are essential to both small- and large-scale biopharmaceutical production. The increasing use of single-use filter assemblies has raised questions about the impact single-use plastics have on the environment. The single-use filter assemblies sector is growing, thus the industry must come up with plans to reduce waste and promote sustainability. Download a sample to obtain additional highlights and key points on various marke...
Read more

Laser Welding Equipment Industry Analysis, Future Growth, Segmentation, Competitive Landscape, Key Trends & Forecast 2022 to 2032

 The global  laser welding equipment market  is estimated to grow by US$ 373 million by 2025, with a 4.8% CAGR between 2022 and 2032. Laser beams are becoming more commonly employed and “commonplace” as laser technology progresses. Laser welding can be used to join various materials. Materials with a high melting point and heat conductivity are appropriate for laser welding equipment. The method is useful for quick welding with low thermal distortion while joining pieces. Laser welding is often employed in one-of-a-kind applications when no other technique of welding will satisfy. The product is being pursued by key growth industries such as photovoltaics, entertainment electronics, and medical device technologies. The ongoing rise of photovoltaic demand and consequent production is significantly responsible for the growth of the worldwide laser welding equipment market. The machinery is exceedingly precise, versatile, and productive, making it possible to mass produce in...
Read more