Toluene diisocyanate manufacturer News The rapid release of market demand promotes the growth of the linear low-density polyethylene (LLDPE) industry

The rapid release of market demand promotes the growth of the linear low-density polyethylene (LLDPE) industry

The release of market demand has rapidly promoted the growth of the linear low-density polyethylene (LLDPE) industry

Linear low-density polyethylene (LLDPE) is a polymer made of ethylene and α-olefins (such as 1-butene, 1-octene, etc.). The appearance of LLDPE is milky white granular, non-toxic and odorless. It has excellent tear resistance, toughness, rigidity, heat and cold resistance and other properties. It is widely used in daily necessities, wires and cables, agricultural films, food packaging, medical and health and other fields. LLDPE has excellent comprehensive properties. In recent years, due to consumption upgrades, the market demand for LLDPE has grown rapidly. From 2010 to 2020, the apparent domestic consumption of LLDPE increased from 5.6 million tons to about 15 million tons.

Globally, the LLDPE consumer market is mainly distributed in North America, Europe, Asia and other regions. In the international market, LLDPE suppliers mainly include 3M of the United States, Ineos of Switzerland, Dow Chemical of the United States, Exxon Mobil of the United States, Saudi Basic Industries Corporation, Borealis in Austria, LyondellBasel in the Netherlands, etc. In the past ten years, my country’s LLDPE market has grown rapidly. At this stage, my country has become the world’s largest LLDPE producer. However, despite this, domestic production capacity still cannot meet market demand, and LLDPE imports are showing a growing trend.

According to the “2022-2026 Linear Low Density Polyethylene (LLDPE) Industry In-depth Market Research and Investment Strategy Suggestions Report》shows that the production capacity of my country’s LLDPE industry is on a growth trend. By 2021, the production capacity of my country’s LLDPE industry will have reached more than 9.3 million tons. my country’s LLDPE production capacity is widely distributed, among which East China, Northwest China, and Northeast China have higher production capacity, accounting for 26.4%, 22.3%, and 15.8% of the national production capacity respectively.

In terms of production companies, there are many domestic LLDPE production companies, including Shanghai Secco Petrochemical, Sinopec Zhenhai Refining and Chemical, Zhejiang Petrochemical, Fujian United Petrochemical, Shenhua Ningxia Coal Industry Group, etc. However, limited by production technology, my country’s LLDPE products are mostly concentrated in the mid- to low-end market, and high-end products still rely on imports. In recent years, in order to alleviate the contradiction between supply and demand in the domestic LLDPE market, many domestic companies have planned to build or expand LLDPE production equipment. As relevant equipment is put into operation, my country’s LLDPE production capacity will grow steadily.

From the perspective of the import and export market, from 2015 to 2020, my country’s LLDPE import volume has an average annual compound growth rate of around 18.6%. In 2020, LLDPE import volume will increase to more than 6 million tons. Imported LLDPE mainly comes from Saudi Arabia, Singapore, and Thailand. and the United States; in 2020, my country’s LLDPE exports were less than 40,000 tons, and domestic LLDPE was mainly exported to Hong Kong, Vietnam, Taiwan, and other regions.

Industry analysts said that my country is the world’s largest producer of LLDPE, but the homogenization of domestic LLDPE is serious, and the demand for high-end products still relies on imports. . LLDPE has excellent comprehensive properties and is widely used in agriculture, medicine, packaging and other fields. In recent years, due to consumption upgrades, the market demand for LLDPE has grown rapidly. In order to ensure domestic market supply, many companies in my country have expanded production or LLDPE production equipment. In the future, my country LLDPE production capacity will continue to increase.

This article is from the Internet, does not represent the position of Toluene diisocyanate reproduced please specify the source.https://www.chemicalchem.com/archives/13409

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