London, 24 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global linear low density polyethylene market 2015-2019, which is expected to grow at a CAGR of 4.54% during the forecast period of 2014-2019.
The market is driven due the properties showcased by linear low density polyethylene such as flexibility and high tensile strength. Linear low density polyethylene is used more widely than low density polyethylene due to its flexibility. China and India are the leading economies using linear low density polyethylene in film sheets.
“By forming strategic alliances with feedstock and raw material suppliers, vendors are able to maintain continuous manufacturing and processing demand,” says Faisal Ghaus, Vice President of Technavio.
“The manufacturers that form joint ventures benefit as these relationships help in improving the market condition.”
Key Market Drivers
- Increase in Usage for Raffia Sack Coating
- Replacement of Rigid Containers with High-quality Flexible Packaging
- Ability to Remold Easily
- Demand in Emerging Economies
Key Market Trends
- Increased Usage of Swing Technology
- Adoption of CTO and MTO Technologies
- Strategic Alliances between Suppliers and Vendors
- Increase in Usage of Linear Low Density Polyethylene
Key Market Vendors
- The Dow Chemicals Company
- Exxon Mobil Chemical
- LyondellBasell Industries
- Saudi Basic Industries (SABIC)
- Sinopec
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
