Linear Low-Density Polyethylene (LLDPE) Market

Exxon Mobil (US) and The Dow Chemical Company (US) are the Leading Players in the Linear Low-Density Polyethylene (LLDPE) Market

The Linear Low-Density Polyethylene (LLDPE) market is projected to reach USD 67.83 Billion by 2022, at a CAGR of 5.5% between 2017 and 2022. This market has been segmented on the basis of application, process type, and region. The availability of plastic products at affordable rates and rise in demand for packaging materials have contributed to the increased consumption of LLDPE products in various applications. However, concerns related to plastic disposal are acting as a key restraint to the growth of the LLDPE market. Stringent regulations and directives have been formulated against the use of plastics, owing to their hazardous impact on the environment. Regulatory bodies such as the US Food and Drug Administration (FDA) and the American Society for Testing Materials (ASTM) have issued several directives concerning LLDPE usage and its manufacturing.

Leading players operating in the LLDPE market include Sinopec (China), LyondellBasell (Netherlands), Exxon Mobil (US), SABIC (Saudi Arabia), The Dow Chemical Company (US), Borealis (Austria), Formosa Plastics (Taiwan), China Petrochemical Corporation (China), INEOS (Switzerland), and Westlake Chemical (US).

Key market players have focused on the adoption of growth strategies, such as mergers & acquisitions, expansions, new product launches, and agreements to enhance their market presence. Manufacturers of LLDPE resins are also focused on increasing investments in R&D activities to develop new grades of LLDPE. This, in turn, has helped LLDPE manufacturers widen their geographic reach and expand their customer base.

Exxon Mobil, one of the key players operating in the LLDPE market, is engaged in the exploration, production, transportation, and sale of crude oil, natural gas, and petroleum products. The company operates through 3 business segments, namely, upstream, downstream, and chemical. Under the company’s chemical business segment, it offers LLDPE resins, in addition to aromatics, polypropylene plastics, and a wide range of specialty products. The company has strong R&D capabilities and has recently launched a new series of LLDPE resins to enhance its product portfolio. However, the company has experienced a sharp fall in its operating margins, which declined from 8.2% in 2015 to 3.5% in 2016, owing to rise in operating expenses.

The Dow Chemical Company is the leading producer of LLDPE resins. It operates as a diversified chemical company that is engaged in the development and distribution of chemicals, plastics, and industrial and agricultural products. The company operates through 5 business segments, namely, agricultural sciences, consumer solutions, infrastructure solutions, performance materials & chemicals, and performance plastics. The company offers LLDPE through its performance plastics segment. It has its manufacturing facilities located in Texas (US), Louisiana (US), Alberta (Canada), Map Ta Phut (Thailand), Schkopau (Germany), Tarragona (Spain), and Terneuzen (Netherlands). Over the past few years, the company has adopted both, organic and inorganic growth strategies to enhance its market share. For instance, in June 2017, The Dow Chemical Company completed the construction of its new ELITE enhanced polyethylene production facility in Freeport, Texas. The facility produces 400,000 metric tons of polyethylene per year. This expansion strategy enabled the company to strengthen its foothold in the LLDPE market.

Related Reports:

Linear Low-Density Polyethylene (LLDPE) Market by Application (Films, Injection Molding, Rotomolding), Process Type (Gas Phase, Solution Phase, Slurry Loop), and Region (APAC, North America, Europe, Middle East, Latin America) - Global Forecast to 2022

Contact:
Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Report Code
CH 6085
Published ON
Mar, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Linear Low-Density Polyethylene (LLDPE) Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved