Polyolefin with its properties such as durability, lightweight and ability to resist chemical reactions is been considered as one of the most preferred polymers over the conventional metal and non-metal substitutes.
The global polyolefin market is driven by the increasing demand for eco-friendly packaging and ease of availability of raw materials in emerging nations. The increasing awareness among the consumers on recyclable products, increasing greenhouse emissions and eco-friendly packaging in the day to day consumer goods has led to the growth of the market globally. Today the consumption has gone for finished plastics in all applications such as packaging, industrial and automotive. The production of polyolefin was valued above 135 million tons in 2015 and is expected to trend similarly and cross 180 million toes by the end of 2022.
Increasing demand for eco-friendly packaging and ease of availability will boost the Polyolefin Market & projected to cross USD 300 Billion Mark by 2022
Top Key Players
BASF SE, The Dow Chemical Co., E. I. du Pont de Nemours and Company, Formosa Plastics Corporation, Sinopec Corporation, LyondellBasell Industries Holdings B.V., ExxonMobil Corporation, China National Petroleum Corporation, SABIC, Braskem S.A., Total S.A., Ineos Group AG, and Arkema S.A. among others.
Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/2949
Market Research Analysis:
Polyolefin is one of the most preferred packaging materials by the companies and the consumers due to its properties such as rigidness, lightweight, durability and resistance to chemical reaction. The applicability in the packaging market across all applications and industries has widened over a period of time. With increasing consumer awareness along with rapid increase in disposable income induces the growth in packaging, automotive, industrial and construction industries.
Scope of the report
This study provides an overview of the global polyolefin industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global polyolefin market as types and application. On the basis of types it is segmented as polypropylene (PP), polyethylene (PE) and polymethylpentene (PMP). On the basis of application it is segmented as films & sheet, blow molding, injection molding and tapes & fibers.
It is expected that the global polyolefin market will advance with higher growth rate as compared to previous years. The current challenge for the market is unstable distribution of crude oil and natural gas due to fluctuating prices and the high capacity-to-demand ratio. However, the emerging countries such as China have proved to be a source of raw materials for such polymers. The increasing disposable income of average consumers in the emerging economies is driving the market of polyolefin along with upcoming government policies to reduce greenhouse emissions over the next five years, especially in APAC. Polyethylene (PE) is valued to have the largest market by type and is expected to attain a share of around 30% of global polyolefin market by 2022. Film & Sheet is expected to lead the market share by application in coming years.
Polyolefins Market Segmentation
- Polyethylene (PP) – HDPE, LDPE, LLDPE
- Polypropylene (PP)
- Film & Sheets
- Blow Molding
- Injection Molding
By End User
- Electronics & Electricals
Full report on Polyolefins Market report spread across 151 pages, profiling 15 companies and supported with tables and figures available @ https://www.marketresearchfuture.com/reports/polyolefins-market-2949
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar