Published by Coherent Market Insights
Posted on September 17, 2021
Low-density poly ethylene is a type of thermoplastic polymer of ethylene which is produced by using a free radical polymerization the process at high pressure. They have low tensile strength but high flexibility and offer superior resistance property to chemical and electricity which makes it ideal to use across automotive, packaging, construction, and insulation coax application. It is also used in the food industry for the packaging of food products such as snacks, dairy, sweets, and baked &frozen food products.
The global low-density poly ethylene (LDPE) is projected to surpass US$ 60.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2020 to 2027).
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Drivers
Growth in the retail industry is expected to raise demand for LDPE across the packaging of consumer goods that are sold in retail outlets is predominantly propelling the market growth of LDPE. According to the India Brand Equity Foundation, the Indian retail industry reached to US$ 950 billion in 2018 at CAGR of 13% and expected to reach US$ 1.1 trillion by 2020. Hence, growth in the retail the industry is projected to fuel the market growth of the LDPE.
The rise in construction activities is expected to foster the market growth of low-density polyethylene. General containers, trays, pipes, various bathroom and kitchen products are produced by using LDPE. According to Building Design & Construction, the global construction output is forecast to rise to US$ 12.9 trillion by 2022, up from US$ 10.8 trillion in 2017. Thus, growth in the construction is expected to augment market growth LDPE.
Market Trends
Shifting preferences of consumers towards lightweight packaging solution is expected to be a major trend in the market. Moreover, the growing demand for flexible packaging is also projected to foster the market growth of the low-density polyethylene over the forecast period.
The rising trend of increasing production capacity of polyethylene to cater to growing demand across the globe is expected to augment the market growth of LDPE. For instance, in November 2020, Dow plans to install a new furnace in its steam cracker at Fort Saskatchewan, Alberta, Canada, to increase its ethylene capacity, currently 1.42 million metric tons/year by 130,000 metric tons/year.
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Few Recent Developments
ExxonMobil Corporation
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Low-Density Poly Ethylene (LDPE) Market To Surpass US$ 60.0 Billion By 2027 appeared first on Gatorledger.
Low-density poly ethylene is a type of thermoplastic polymer of ethylene which is produced by using a free radical polymerization the process at high pressure. They have low tensile strength but high flexibility and offer superior resistance property to chemical and electricity which makes it ideal to use across automotive, packaging, construction, and insulation coax application. It is also used in the food industry for the packaging of food products such as snacks, dairy, sweets, and baked &frozen food products.
The global low-density poly ethylene (LDPE) is projected to surpass US$ 60.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2020 to 2027).
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3844
Drivers
Growth in the retail industry is expected to raise demand for LDPE across the packaging of consumer goods that are sold in retail outlets is predominantly propelling the market growth of LDPE. According to the India Brand Equity Foundation, the Indian retail industry reached to US$ 950 billion in 2018 at CAGR of 13% and expected to reach US$ 1.1 trillion by 2020. Hence, growth in the retail the industry is projected to fuel the market growth of the LDPE.
The rise in construction activities is expected to foster the market growth of low-density polyethylene. General containers, trays, pipes, various bathroom and kitchen products are produced by using LDPE. According to Building Design & Construction, the global construction output is forecast to rise to US$ 12.9 trillion by 2022, up from US$ 10.8 trillion in 2017. Thus, growth in the construction is expected to augment market growth LDPE.
Market Trends
Shifting preferences of consumers towards lightweight packaging solution is expected to be a major trend in the market. Moreover, the growing demand for flexible packaging is also projected to foster the market growth of the low-density polyethylene over the forecast period.
The rising trend of increasing production capacity of polyethylene to cater to growing demand across the globe is expected to augment the market growth of LDPE. For instance, in November 2020, Dow plans to install a new furnace in its steam cracker at Fort Saskatchewan, Alberta, Canada, to increase its ethylene capacity, currently 1.42 million metric tons/year by 130,000 metric tons/year.
Buy Now Premium Report to Grow your Business: https://www.coherentmarketinsights.com/insight/buy-now/3844
Few Recent Developments
ExxonMobil Corporation
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Low-Density Poly Ethylene (LDPE) Market To Surpass US$ 60.0 Billion By 2027 appeared first on Gatorledger.
