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Low Density Polyethylene Market - Forecast(2022 - 2027)

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Low-Density Polyethylene Market size is forecast to reach US$54.8 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026. Low-density polyethylene (LDPE) is a thermoplastic resin that is manufactured at a high pressure ranging from 0.910g/cc to 0.940g/cc resulting in low tensile strength but with high ductility. The growing demand for low-density polyethylene (LCPs) in the construction, packaging, and automotive industry is expected to be the key growth driver during the forecast period. It is non-toxic, non-contaminating, and resistant against impact, moisture, chemicals, tear, and stress crack. Owing to these properties, it is widely used in the production of packaging, trash bins, floor tiles, shipping envelopes, and dropper bottles. Moreover, its renewability and electrical insulating properties have resulted in the expanding application of the LDPE in several end-use industries across the globe. However, substitute products such as polyethylene terephthalate, acrylonit...