Growing Demand From Construction Industry to Boost the LLDPE Market: Technavio

August 28, 2017

LONDON–(BUSINESS WIRE)–#LLDPE–Technavio’s latest market research report on the global
linear low-density polyethylene (LLDPE) market provides an
analysis of the most important trends expected to impact the market
outlook from 2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

The growing consumption of packaging materials such as high-barrier thin
films, high-clarity packaging, and active packaging are expected to
enhance the LLDPE market. The transition from rigid containers to
high-quality, flexible packages is also expected to drive the demand for
LLDPE.

According to Hitesh Bhatia, a lead analyst at Technavio for plastics,
polymers, and elastomers research, “Manufacturers and retailers
prefer flexible packaging because of its lightweight property, that
reduces transportation cost and makes it easy to recycle. Flexible
packaging has grown strongly in the natural and dairy products category
and dominates product segments such as coconut water and dairy
alternatives.”

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The top three emerging market trends driving the global LLDPE market
according to Technavio research analysts are:

Increasing rate of recycling
Growing demand from the construction industry
Increase in R&D activities

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Increasing rate of recycling

The increasing rate of recycling plastics in the developed regions such
as the US, Germany, and the UK due to the stringent regulations in these
regions is expected to drive the demand for LLDPE during the forecast
period.

The increasing demand for environmental sustainability is expected to
increase the recycling and reuse of materials. In 2015, the European
Commission adopted the new Circular Economy Package to make the
transition to a circular economy by which the resources are expected to
be used more efficiently and sustainably. This transition will be
supported by ESIF with approximately USD 723 million from Horizon 2020,
an EU research and innovation funding program.

Growing demand from the construction industry

The injection molding application of LLDPE is used for the construction
of lawn and garden products, furniture parts, kitchen accessories, and
recreational products. The increase in construction activities in the
APAC regions such as India, Indonesia, Thailand, China, and Japan is
expected to foster market growth during the forecast period.

The construction industry is expected to reach more than USD 12 trillion
by 2020. The growth is mainly driven by the improvement in the living
standards of people, worldwide construction, and continued urbanization.

Increase in R&D activities

Major LLDPE players have increased their expenditure on R&D to reduce
the manufacturing and operation cost of LLDPE. The innovation and
product extension to provide products with enhanced properties and
better efficiency is a growing trend in this market. Thus, to maintain
the competitive edge and market share, the vendors of global LLDPE
market have been heavily emphasizing on new technology and
innovations.

“The development of new eco-friendly and sustainable LLDPE is
expected to increase the market share of the LLDPE market during the
forecast period. For instance, Braskem produced green PE from ethanol
sugarcane, a renewable raw material. The green PE captures and fixes
carbon dioxide from the atmosphere during its production, thereby
reducing the emission of GHG,” says Hitesh.

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