Low Density Polyethylene (LDPE) demand in India stood at 903
KTPA in 2019 and is expected to grow at a healthy CAGR
during the forecast period. This demand can be attributed to the growing need
for high impact strength-based product applications such as film, expandable
packaging, etc. Its properties of low water absorption, good weatherability and
processability also make it an ideal choice in manufacturing of containers,
dispensing bottles, tubes, wires and cables, plastic bags, etc. Moreover,
government policies such as Make In India and Smart Cities Mission would
further propel the demand for LDPE products in the country for construction and
infrastructure applications.
Currently, Reliance Industries Limited is the only manufacturer of LDPE in
India and the company recently increased its installed capacity at Jamnagar
petrochemical complex to meet the growing domestic LDPE demand. The company uses
LyondellBasell’s Lupotech technique for LDPE production. Hence, to fulfill the total market demand for
LDPE, India imports from other global LDPE manufacturers countries such as UAE,
Saudi Arabia, China, USA, among others. The major global producers of LDPE are Rakha
Al-Khaleej International (RAI) FZCO, Abu Dhabi Polymers Company (Borouge),
Saudi Kayan Petrochemical Co., Sinopec Corp., Beijing Yanshan Petrochemical
Co., Ltd., ExxonMobil Chemical Co, Qatar Petrochemical Company, Borealis AB, The
Dow Chemical Company, LyondellBasell, Saudi Basic Industries Corporation
(SABIC), etc. Further a massive growth can be witnessed in the LDPE’s market by
2030.
Years Considered for this Report:
Historical
Years: 2013 – 2018
Base
Year: 2019
Estimated
Year: 2020
Forecast
Period: 2021 – 2030
Objective of the
Study:
·
The
primary objective of the study was to evaluate and forecast LDPE production,
demand, inventory, and demand–supply gap in India.
·
To
categorize demand for LDPE based on end use, sales channel
and region.
·
To study
trade dynamics and company share in India LDPE market.
·
To
identify major customers of LDPE in India.
·
To
evaluate and forecast LDPE pricing in India.
·
To
identify and profile major companies operating in India LDPE market.
·
To
identify major developments, deals and expansion plans in India LDPE market.
Report Scope:
In
this report, India LDPE market has been segmented into
following categories:
Some
of the major players operating in LDPE market are Reliance Industries Limited, Rakha Al-Khaleej International (RAI) FZCO, Abu Dhabi Polymers Company
(Borouge), Saudi Kayan Petrochemical Co., Sinopec Corp., Beijing Yanshan
Petrochemical Co., Ltd., ExxonMobil Chemical Co, Qatar Petrochemical Company, Borealis
AB, The Dow Chemical Company, LyondellBasell, Saudi Basic Industries
Corporation (SABIC), etc. To extract data for India LDPE market, primary
research surveys were conducted with manufacturers, suppliers, distributors,
wholesalers and end users of LDPE. While interviewing, the respondents were
also inquired about their competitors. Through this technique, TechSci Research
was able to include manufacturers that could not be identified due to the
limitations of secondary research. Moreover, TechSci Research analyzed various
end user segments and projected a positive outlook for India LDPE market over
the coming years.
TechSci
Research calculated demand for LDPE in India by analyzing the historical data
and demand forecast was carried out considering the imports, consumption
pattern and analyzing the demand by tracking upcoming manufacturing units.
TechSci Research sourced these values from industry experts and company
representatives and externally validated through analyzing historical
sales data of respective manufacturers to arrive at the overall market size.
Various secondary sources such as company websites, association reports and
annual reports were also studied by TechSci Research.
Key
Target Audience:
- LDPE manufacturers and other stakeholders
- Organizations, forums and alliances
related to LDPE distribution
- Government bodies such as regulating
authorities and policy makers
- Market research
organizations and consulting companies
The
study is useful in providing answers to several critical questions that are
important for industry stakeholders such as LDPE manufacturers, distributors
and policy makers. The report also provides useful insights about which market
segments should be targeted over the coming years to strategize investments and
capitalize on growth opportunities.
Available
Customizations:
With the given market
data, TechSci Research offers customizations according to a company’s specific
needs.