Categories: Market Research

Low-Density Polyethylene Market 2024 | Key Players China National Petroleum Corporation, PetroChina Company Limited

Overview and Scope
Low-density polyethylene (LDPE) refers to a thermoplastic produced from the monomer ethylene. Low-density polyethylene is resistant to moisture and chemicals, and it is non-toxic, non-contaminating in nature, flexible, and relatively transparent. It is used to make many thin and flexible products, such as plastic bags for dry-cleaning, newspapers, and others.

Sizing and Forecast
The low-density polyethylene market size has grown rapidly in recent years. It will grow from $51.75 billion in 2023 to $56.93 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to industrialization and economic growth, product innovations and applications, consumer lifestyle changes, raw material availability and pricing, global trade dynamics.

The low-density polyethylene market size is expected to see strong growth in the next few years. It will grow to $82.25 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to growing sustainability and circular economy, infrastructure development, energy transition and environmental policies, consumer awareness of plastic waste, market consolidation and mergers. Major trends in the forecast period include technological advancements in material science, technological advancements in manufacturing, rising demand in healthcare sector, global regulatory changes, technological advancements in production processes.

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The low-density polyethylene market covered in this report is segmented –

1) By Manufacturing Process: Autoclave Method, Tubular Method
2) By Application: Film and Sheets, Extrusion Coatings, Injection Molding, Other Applications
3) By End User Industry: Agriculture, Electrical and Electronics, Packaging, Construction, Other End Use Industries

Asia-Pacific was the largest region in the low-density polyethylene market in 2023. North America was the second-largest region in the global low-density polyethylene market. The regions covered in the low-density polyethylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising demand for LDPE in the packaging industry is expected to boost the growth of the LDPE market. LDPE is being increasingly used for food packaging and non-food packaging. Use of LDPE in packaging decreases the cost of packaging. LDPE has the properties of having good tensile strength and being flexible, which makes the process of packaging easy. LDPE is commonly used in food packaging to manufacture coffee can lids, bread bags, and fruit and vegetable bags used in grocery stores. It is also used in non-food packaging such as shipping sacks, bubble packing, envelopes, overwrap, and rack and counter bags. According to the American Plastics Council (APC), LDPE accounts for 65.5 percent of the total plastic film used in the packaging of food items, whereas it accounts for 54.9 percent of the total plastic film used in the packaging of non-food items. The increase in demand for packaging accelerates the demand for LDPE used as a packaging material.

Key Industry Players
Major companies operating in the low-density polyethylene market report are China National Petroleum Corporation, PetroChina Company Limited, China Petroleum & Chemical Corporation, ELow-Density Polyethylene Marketon Mobil Corporation, Sinopec Beijing Yanshan Company, Reliance Industries Limited, Mitsui Chemicals Inc., BASF SE, Repsol SA, INEOS Group Holdings SA, Dow Inc., Saudi Basic Industries Corporation, LyondellBasell Industries NV, LG Chem Ltd., Mitsubishi Chemical Corporation, Sumitomo Chemical Co. Ltd., PTT Global Chemical Public Company Limited, Braskem SA, Sasol Limited, Westlake Chemical Corporation, Borealis AG, DuPont de Nemours Inc., Huntsman Corporation, Formosa Plastics Corporation, Chevron Phillips Chemical Company LLC, Nova Chemicals Corporation, Qatar Petrochemical Company, National Petrochemical Company, Qatar Chemical Company Ltd., Versalis SpA

The low-density polyethylene market report table of contents includes:

1. Executive Summary

2. Low-Density Polyethylene Market Characteristics

3. Low-Density Polyethylene Market Trends And Strategies

4. Low-Density Polyethylene Market – Macro Economic Scenario

5. Global Low-Density Polyethylene Market Size and Growth

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32. Global Low-Density Polyethylene Market Competitive Benchmarking

33. Global Low-Density Polyethylene Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Low-Density Polyethylene Market

35. Low-Density Polyethylene Market Future Outlook and Potential Analysis

36. Appendix