Low-density poly ethylene (LDPE) is the most common type of polyethylene used is produced by using two popular processes known as tubular process and autoclave process. Low-Density Poly Ethylene is widely used across packaging, pharmaceutical, textile, constriction, and the automotive industry. Low-Density Poly Ethylene is used in the production of packaging films, dispensing bottles, and milk cartons owing to their excellent properties of chemical and heat resistance, flexibility, and durability. Moreover, in food industry it is used in the packaging of food products as it can easily hold the product without releasing harmful chemicals.
The global low-density poly ethylene (LDPE) market was estimated to be valued more than US$ 38.0 billion in terms of revenue in 2019 and is predicted to grow at a CAGR of 5.6% during the forecast period (2020 to 2027)
Rising use of LDPE across the automotive industry in the manufacturing of upholstery, electrical components, liquid reservoirs, etc. is expected to foster market growth. The growing use of lightweight plastic in the manufacturing of automotive interior due to strict the regulation pertaining to vehicular emissions is further projected to accelerate market growth. Thus, growth in the automotive the industry will favor the market growth of LDPE.
An emerging application of low-density polyethylene in the injection molding, molded laboratory equipment, and adhesive laminate is expected to provide enormous growth opportunity to the market of LDPE. Moreover, the growing use of LDPE in the medical film is further expected to augment the market growth of low-density polyethylene over the forecast period.
The fluctuating price of raw materials used in the production of LDPE is expected to hinder the market growth over the forecast period. Instability in the production of crude oil directly impacts the supply and price of the raw material. Crude oil is one of the key product used in the manufacturing of LDPE.
On the basis of technology, tubular dominated the global low-density poly ethylene (LDPE) market in 2019 with around 63% of market share in terms of revenue, followed by autoclave, respectively.
Increasing investment in the petrochemical industry is expected to accelerate the market growth of low-density polyethylene. Increasing urbanization coupled with the growth in the production polymers is further estimated to augment the market growth of low-density polyethylene over the forecast period.
Rising adoption of advanced technology of tubular reactor technology in place of autoclave reactor for the manufacturing of LDPE is expected to foster the market growth of LDPE. Issues associated with the autoclave reactor technology such as high installation and operational cost is encouraging manufacturer to use tubular reactor technology thus propelling the market growth.
Key players are operating in the global low-density poly ethylene (LDPE) market are LyondellBasell Industries N.V, ExxonMobil Corporation, The Dow Chemical Company, Saudi Basic Industries Corporation, BASF-YPC Company Limited, Qatar Petrochemical Company Q.S.C, LG Chem Ltd., E.I. du Pont de Nemours and Company, Braskem S.A., and Formosa Plastics Corporation
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LG Chem Ltd.
Formosa Plastics Corporation
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