Wednesday, 20 December 2017

Low-density Polyethylene (LDPE) Market 2017-2021

MRC Announces the Publication of its Research Report – Global Low-density Polyethylene (LDPE) Market 2017-2021
MRC recognizes the following companies as the key players in the global low-density polyethylene (LDPE) market: Borealis, China Petroleum & Chemical Corporation, ExxonMobil, LyondellBasell Industries Holdings, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Braskem, Chevron Phillips, INEOS, Mitsui Chemicals, NOVA Chemicals, Reliance Industries, SABIC, Sasol, USI Corporation, Versalis, and Westlake Chemical.
Commenting on the report, an analyst from MRC’s team said: “One trend in the market is increase in demand for LDPE recycling. The increasing recycling rate of plastics in developed countries such as the US, Germany, and the UK due to the stringent regulations will drive the demand for LLDPE during the forecast period. The circular economy is gaining growing attention due to the growing concern for the environment. The growing demand for environmental sustainability is also expected to increase the recycling and reuse of materials.”
According to the report, one driver in the market is growing demand from films application. The growing demand for films and sheets for packaging, agricultural, electronics, and other applications is expected to foster the demand for LDPE. The films produced from LDPE exhibit good impact resistance and heat sealing characteristics. The incorporation of necessary additives in the polymer ensures a good surface slip and smooth flow of film on packaging machines. The increase in demand for plastic packaging is expected to foster the growth of the global LDPE industry owing to its use in packaging products. Food and beverages have to be protected by packaging them in containers, sachets, plastic bags, and pouches.
Further, the report states that one challenge in the market is volatility in raw material prices. Raw materials such as naphtha are used to produce LDPE. Naphtha is also called petroleum and is a crude oil extract. Ethylene is released when naphtha is strongly heated. This ethylene is further processed to form LDPE. LDPE, therefore, is made of many ethylene parts. These ethylene parts act as building blocks for LDPE. The increase in the price of ethylene will have a negative impact on the overall LDPE market owing to the high production cost. In 2016, the global ethylene price declined at a rate of 23% when compared with 2014.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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