The global linear low density polyethylene market is anticipated to grow at a healthy rate over the forecast period between 2018 to 2026, elucidates an upcoming Transparency Market Research (TMR) report. The global low density polyethylene market was estimated at US$ 43,974mn in 2017 and the same is expected to grow at a substantial rate during the forecast period. The linear low density polyethylene market is expected to expand at a healthy rate.

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The global linear low density polyethylene market is expected to witness slow recovery in the second half of 2021. The market witnessed a slump in revenue and sales as the COVID-19 pandemic broke out. Several governments issued strict lockdowns and travel restrictions that affected the manufacturing processes. This led to stopping of production processes and logistical operation, hampering market growth. However, with the gradual opening of the global economy, the automotive refinish coatings market is expected witness staggered recovery in the coming months.

Based on process type, the global linear low-density polyethylene market has been segmented into gas phase, solution phase, and slurry loop. Gas phase is the dominant process type segment of the global market. It is anticipated to expand at a rapid pace during the forecast period. The gas phase process has several advantages such as it has low initial installation costs, low temperature, and low reaction time.

Cue Members List Interested In Linear Low-density Polyethylene Market

Key players operating in the linear low-density polyethylene market are Exxon Mobil Corporation, China Petroleum & Chemical Corporation (SINOPEC), DowDuPont, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries Holdings B.V., Formosa Plastics, INEOS GROUP HOLDINGS S.A., Sasol, Westlake Chemical Corporation, NOVA Chemicals Corporation, Reliance Industries Limited, Mitsui & Co. Borealis AG, Chevron Phillips Chemical Company LLC, and Braskem.

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Packaging Sector to Provide Impetus to Linear Low Density Polyethylene Market

The packaging industry uses linear low density polyethylene at a large scale as most of the packaging products are made using LLDPE. This might act as a catalyst in the expansion of the global linear low density polyethylene market. Linear low density polyethylene offer excellent seal -ability. Low production cost, high clarity, longer chain branching, and softness.

These properties make them a viable product for packaging, thus, may aid in the growth opportunities of the global linear low density polyethylene market in the upcoming years. Extruded packaging films of linear low density polyethylene offers high stretch and low shrinking properties. These also provide durability and thickness to the products. This results in the growth of the global linear low density polyethylene market. This kind of packaging are used in wrapping cans and water bottles, aiding in the market growth.

MEA Region to Showcase Promising Demand

Based on region, the global linear low-density polyethylene market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of demand, Asia Pacific held a leading share of the global linear low-density polyethylene market in 2017. The region is a major producer of linear low-density polyethylene.

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Middle East & Africa and North America are other significant consumers of linear low-density polyethylene. The linear low-density polyethylene market in Latin America and Europe is anticipated to expand at a sluggish to moderate pace during the forecast period. Demand for linear low-density polyethylene in these regions is estimated to rise in the next few years, owing to increasing demand for canned food products led by rising population and growing urbanization.

Demand for linear low-density polyethylene is estimated to rise significantly in Middle East & Africa and Latin America in the near future. These two regions accounted for a low share of the global linear low-density polyethylene market, in terms of demand, in 2017. However, these regions are projected to create lucrative opportunities for the linear low-density polyethylene market during the forecast period.

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