Linear Low-Density Polyethylene (LLDPE) Market Analysis

Linear Low-Density Polyethylene Market Analysis

Linear low-density polyethylene films segment accounted for more than 70% of market share in 2015 and is anticipated to have a significant share during the forecast period. Increasing protective films demand in agriculture for UV ray’s protection and reducing soil erosion shall give a positive outlook to linear low-density polyethylene market growth. LLDPE films are also used as a moisture barrier in the construction sector under concrete structure. Further, increased usage of films in the food packaging industry has also contributed to the market.

Injection molding is another crucial application of linear low-density polyethylene, contributing nearly 2,500 kilo tons in 2015. Injection molding is a part manufacturing technology and is used to manufacture plastic products such as pocket combs, automotive dashboards, bottle caps, and wire spools. Advantages of injection molding are better-finished parts, minimal scrap losses, low labor cost, repeatable high tolerances, and high production rates. Thus, increasing application of injection molding augments the linear low-density polyethylene market value.

Another upcoming linear low density polyethylene application is rotomolding, it had a market size of more than USD 4.4 billion in 2015. Rotomolding process is used to manufacture hollow plastic articles without any pressure involved in its manufacturing. This technology is more economical than injection or blow molding as the molds do not have to sustain any pressure.
 

Rotomolding has a wide range of applications in construction, furniture, agriculture, automotive, water treatment, and packaging industries. Substantial growth in all these industries has led to increasing the linear low-density polyethylene market consumption in rotomolding applications.
 

Asia Pacific had registered a significant share of nearly 45% in 2015. Emerging economies’ construction spending is rising in this region. China and India had witnessed construction spending of around USD 1.75 trillion and USD 420 billion respectively in 2015, which is likely to boost the linear low-density polyethylene market revenue over the forecast period. Moreover, the growing packed food adoption in this region due to its ease of consumption has bolstered the product demand.
 

North America has an established packed food & beverage business, especially in the U.S. Also, it has a considerable potential for infrastructural development owing to the ever-increasing living standards of their population. North America contributes significantly to the automobile industry with automobile manufacturers such as “General Motors”. North America had a market size of above USD 7 billion in 2015 in linear low-density polyethylene market.
 

Europe had witnessed an increasing adoption of rotomolding technology owing to its developing telecommunication, electronics, and automobile industries. This industry flourishment has resulted in infrastructure growth in Spain, Italy, and Germany. Moreover, Germany is an automobile hub with automotive giants including “Volkswagen AG” and “ŠKODA AUTO a.s.”