[URL=https://www.industryarc.com/Report/16057/low-density-polyethylene-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Low-Density Polyethylene Market[/URL] size is forecast to reach US$54.8 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026. Low-density polyethylene (LDPE) is a thermoplastic resin that is manufactured at a high pressure ranging from 0.910g/cc to 0.940g/cc resulting in low tensile strength but with high ductility. The growing demand for low-density polyethylene (LCPs) in the construction, packaging, and automotive industry is expected to be the key growth driver during the forecast period. It is non-toxic, non-contaminating, and resistant against impact, moisture, chemicals, tear, and stress crack.Key Takeaways
The Asia Pacific dominates the Low-Density Polyethylene Market owing to a rapid increase in the building and construction sector. For instance, according to Invest India, the Indian construction industry is anticipated to witness a CAGR of 15.7% to touch US$738.5 billion by 2022.
The market drivers and restraints have been assessed to understand their impact over the forecast period.
The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications and end-use industry in Low-Density Polyethylene Market and their specific segmented revenue
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Low-Density Polyethylene Market Segment Analysis - By Geography
Asia-Pacific region held the largest share of 37% in the Low-Density Polyethylene Market in 2020 followed by North America and Europe. The rapidly growing demand from the construction industry along with packaging in food and beverages, owing to rising population particularly in emerging economies such as India and Indonesia are anticipated to drive demand for low-density polyethylene (LDPE). It is outlined that partially spending of the global construction is coming from Asia-Pacific countries, with China, India, Indonesia, Japan, and Malaysia showing the greatest potential for expansion. According to International Trade Administration, China is expected to witness an increase in construction industry revenue value from US$968 billion to US$1.1 trillion in 2019 -2021.
Low-Density Polyethylene Market Drivers
Rising demand from Construction Industry in a different region
Demand from Food and Beverage Industry
Low-Density Polyethylene Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Low-Density Polyethylene. Major players in the Low-Density Polyethylene Market include Exxon Mobil, Dow Chemical Company, LyondellBasell, Reliance Industries Ltd., The National Petrochemical Company, The China Petroleum and Chemical Corporation
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