World LDPE market to reach about 20 Mln tons by 2012

04-Nov-08
Driven by steady end-use industry demand, the world low-density polyethylene (LDPE) market is projected to reach close to 20 mln metric tons by the year 2012. Linear low-density polyethylene (LLDPE) is also expected to offer strong growth potential encouraged largely by technically superior second-generation products. As per Global Industry Analysts, world LDPE market stands enthused by the promising growth potential of Asia-Pacific. North America, a developed and mature market, is expected to hit a plateau in terms of growth. Gearing up for the anticipated increase in demand, manufacturers in Middle East, Asia and South America are expanding their production capacities. Large capacity additions are planned in major facilities in China and the Middle East in the near future. Strong demand for medical film is expected to drive volume consumption patterns. Linear low- density polyethylene (LLDPE) is also expected to offer strong growth potential encouraged largely by technically superior second-generation products. Europe dominates the world low density polyethylene market, with an estimated 35% share, as stated by Global Industry Analysts, Inc. LDPE consumption is projected to reach about 20 mln metric tons by 2012. Driven by superior tear and impact film properties, world linear low density polyethylene market is expected to witness a CAGR of close to 6% through 2010. Consumption of LLDPE is forecast to exceed 25 mln metric tons by 2013. In the films & sheet end-use market, LLDPE consumption is projected to grow at a CAGR in excess of 6% through 2010. Asia-Pacific, particularly China, and the Middle East offer the strongest potential with CAGRs higher than the global growth rate. Asian consumption of LDPE is projected to reach about 12.6 mln metric tons by the year 2015. Leading global and regional players operating in the industry include Borealis AG, British Polythene Industries, Chevron Phillips Chemical Company LLC, Dow Chemical Company, DuPont, Exxon Mobil Chemical Company, Huntsman Corporation, Ineos PLC, Formosa Plastics Corporation, LyondellBasell Industries, Nova Chemicals Corporation, PEMEX, SINOPEC, SABIC, Qatar Chemical Company Ltd and Westlake Chemical Corp.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha