The Business Research Company’s Low-Density Polyethylene Global Market Report 2021: COVID 19 Impact and Recovery to 2030
LONDON, GREATER LONDON, UK, September 23, 2021 /EINPresswire.com/ — According to the new market research report ‘Low-Density Polyethylene Global Market Report 2021: COVID-19 Impact And Recovery’ published by The Business Research Company, the low-density polyethylene market is expected to grow from $56.6 billion in 2020 to $67.56 billion in 2021 at a compound annual growth rate (CAGR) of 19.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $76.05 billion in 2025 at a CAGR of 3%. The rising demand of LDPE in packaging industry is expected to boost the growth of LDPE market.
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The Low-Density Polyethylene (LDPE) market consists of sales of low-density polyethylene and related services which are used in the manufacturing different products such as packaging materials, trash bins, floor tiles, shipping envelopes, dropper bottles. 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.
Trends In The Global Low-Density Polyethylene Market
The production of bio-derived polyethylene is being widely adopted by the companies in the low-density polyethylene market as a substitute to chemically synthesized polyethylene. Low-density polyethylene, like other plastics, is chemically synthesized and release harmful toxins in the environment when burned and is difficult to decompose thus harming the environment. Companies involved in the LDPE market are investing towards finding sustainable options to chemical plastics called as bioplastics. These bioplastics mimic the robustness and durability of conventional plastics such as LDPE and degrade in open air. For instance, Braskem a Brazilian petrochemical company headquartered in São Paulo, launched its "I'm greenTM Polyethylene" under its campaign "I'm greenTM ". I'm greenTM Polyethylene is a bio-derived polyethylene produced from sugarcane and is 100 percent renewable. In 2019, the company added more products to its "I'm greenTM" including post-Consumer-Recycled (PCR) resins, a mixed bio-based plastic, and other PCR solutions.
Global Low-Density Polyethylene Market Segments:
The global LDPE market is further segmented based on end use industry, manufacturing process, application and geography.
By End Use Industry: Agriculture, Electrical and Electronics, Packaging, Construction, Others
By Manufacturing Process: Autoclave Method, Tubular Method
By Application: Film and Sheets, Extrusion Coatings, Injection Molding, Others
By Geography: The global low-density polyethylene market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Low-Density Polyethylene Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides low-density polyethylene market overviews, analyzes and forecasts market size and growth for the global low-density polyethylene market, low-density polyethylene market share, low-density polyethylene market players, low-density polyethylene market segments and geographies, low-density polyethylene market’s leading competitors’ revenues, profiles and market shares. The low-density polyethylene market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Low-Density Polyethylene Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Low-Density Polyethylene Market Organizations Covered: Formosa Plastics Corporation, Dow Chemical Company, BASF SE, Chevron Phillips Chemical Company, DuPont de Nemours, LG Chem, Exxon Mobil Corporation, Reliance Industries Ltd, LyondellBasell Industries.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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Here is a list of reports from The Business Research Company similar to the Low-Density Polyethylene Global Market Report 2021:
Plastic Material And Resins Market – By Type (Low-Density Polyethylene, High-Density Polyethylene, Polypropylene, Polystyrene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Others), By End User (Packaging, Automotive, Construction, Electrical & Electronics, Consumer Goods, Furniture & Bedding, Others-End User) And By Region, Opportunities And Strategies – Global Forecast To 2030
High-Density Polyethylene Global Market Report 2021 – By Product Type (PE 63, PE 80, PE 100), By Application (Oil & Gas Pipe, Agricultural Irrigation Pipe, Water Supply Pipe, Sewage System Pipe), By End Use Industry (Packaging, Building And Construction, Agriculture, Automotive), COVID-19 Impact And Recovery
Polyethylene Terephthalate Global Market Report 2021 – By Product Type (Virgin, Recycle), By End-Use Industry (Packaging, Electrical & Electronics, Automotive, Construction, Others (Material Handling And Strapping)), By Application (Beverages, Sheets & Films, Consumer Goods, Food Packaging), COVID-19 Impact And Recovery
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