MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Low-density Polyethylene Market. 

The low-density polyethylene market was valued at USD 42.35 billion in 2023 and is projected to grow from USD 44.84 billion in 2024 to USD 70.94 billion by 2032, registering a compound annual growth rate (CAGR) of 5.90% during the forecast period (2024–2032).

Market Overview

Low-density polyethylene is high molecular weight polyolefin material which has low stiffness, high impact and chemical resistance. It is lighter than water, non-toxic and can easily withstand chemical exposure. LDPE is used for producing high performance applications. Such as extrusion to produce blow film sheets and injection for molding compact parts. Low-density polyethylene sheet is used as waterproofing, insulation and jacketing material in cable & wire industry. Furthermore, numerous applications in construction industry owing to tear resistance and reusability features are expected to drive the market growth during the forecast period.

Market Segmentation

The global low-density polyethylene market has been segregated based on manufacturing process, application and region. By manufacturing process, the global low-density polyethylene market is divided into autoclave and tubular method. The autoclave segment witnessed substantial growth in packaging industry and is expected to grow with significant CAGR during the forecast period.

The application industry of the global low-density polyethylene market has been divided into film & sheets, extrusion coating, injection molding, and others. In 2022, the film & sheets segment held significant share in this market. Growing use of low-density polyethylene in the pipes, cable and construction sheets is expected to accelerate demand in the end-use industry. 

Low-density Polyethylene Market Regional Analysis

The low-density polyethylene market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific is the potential market in low-density polyethylene and Europe is leading producer in terms of volume. The market in Asia-Pacific is expected to grow at a high CAGR owing to the digitalization in industry ecosystem which is enhancing the flexibility and market integration in the supply chain positively impacting the end-use industries. The food packaging industry in the region is growing at a phenomenal pace which is projected to fuel market demand in this region.

Competitive Analysis

Leading players of the global low-density polyethylene market are Braskem (Brazil), INEOS (UK), Mitsui Chemicals, Inc. (Japan), Formosa Plastics Corporation, U.S.A (U.S.), Chevron Phillips Chemical Company (U.S.), SABIC (Saudi Arabia), Sasol (South Africa), Reliance Industries Limited (India) LyondellBasell Industries Holdings B.V. (The Netherlands) and China Petrochemical Corporation (China), BASF SE (Germany), Petkim Petrokimya Holding A.Ş (Turkey), Qatar Petrochemical Company (QAPCO) Q.P.J.S.C. (Qatar), Exxon Mobil Corporation (U.S.) and DuPont (U.S.).

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