LLDPE Demand on The Global Market Is Moving Steadily Forward

The polyethylene linear low density (LLDPE) demand on the global market is moving steadily forward - its growth is driven largely by the developing LLDPE industries in the countries of Asia-Pacific and Eastern Europe, as per Merchant Research & Consulting Ltd. The application share of LLDPE that belongs to the Asian region makes up approximately 42% and is forecast to lead the demand, while the mature markets of North America and Europe experience rather limited LLDPE demand increase and they are reported to have reached the market saturation levels. Therefore LLDPE capacity additions are restricted on these markets. The global consumption volume of LLDPE is projected to increase by 4-4.5% annually through 2017. Large input in the demand rise belongs to the packaging and construction industries. Moreover lucrative capacity additions scheduled for the developing markets are sure to further drive the LLDPE industry growth. Source: Plastemart.com