Polyolefin Market New Industry Research on Present State & Future Growth Prospects by 2022

 Major Key Players:

W.R. Grace, Total S.A., LyondellBasell Industries Holdings B.V, DoDuPont, PetroChina Company Limited, PolyOne Corporation, Arkema SA and SABIC, among others are some of the prominent players at the forefront of competition in the Global Polyolefin Market and are profiled in MRFR Analysis.

Polyolefin Market – Overview:

Globally, Polyolefin Market is estimated to reach USD 324 billion in 2022, expanding at CAGR of 6.49% during the forecast period from 2017 to 2022. This is attributed to the wide range of applications wherein Polyolefin is major used, substantial growth of packaging industry, and increasing demand from the building & construction industry. The packaging and automotive markets are witnessing considerable growth and are estimated to register a triple digit billion-dollar mark by the end of 2022. This is anticipated to boost demand for the polyolefin in these major end use industries.  Additionally, the Polyolefin Market is substantially driven by increasing demand from FMCG and consumer goods. Geographically, Asia-Pacific holds the healthy market share in terms of value and volume, which direct implies, the demand coming from China, India, Japan, Taiwan, Malaysia and other countries positively affecting the growing of polyolefin market.

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Polyolefin Market- Competitive Landscape

Global Polyolefin Market is a rapidly growing market, which consists of significant number of mature players. The market is primarily driven by the technological advancements on part of leading players, along with the rising demand for polyolefin in major end users such as automotive and building & construction. The market consists of considerable number of tier 1 and 2 companies. Among them, W.R. Grace, Total S.A, Arkema SA, SABIC, and PolyOne Corporation are leading overall production of the polyolefin. They have substantial contribution to the growth of the market during the review period. Almost all of these market participants are primarily adopting the expansion of their production capacities tactics to strengthen their market position and meet rising demand for the product. Growing construction industries, and continuous collaborations and agreements between manufacturers, distributers, and marketing firms, along with continuous R&D activities are the key market forces favoring the growth of the demand for Polyolefin. Considering all these trends the Global Polyolefin Market poised to witness considerable competition throughout the forecast period of 2017-2022.

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Polyolefin Market Share - 2020 Industry Size, Trends, Growth and Forecast Analysis Report 2022

Market Research Future Published a Half-Cooked Research Report on Global Polyolefin Market Research Report- Forecast to 2022

Regional Analysis:

By Region, the Polyolefin Market Share covers the latest trends and growth opportunities across the North America, Asia Pacific (APAC), Europe, and the Rest of the World. Of these, North America will spearhead the Market over the forecast period chiefly due to the region’s revamping automotive sector and increasing research and innovation made by manufacturers to strengthen product portfolio and widen business operations. The US is the chief contributor in the region as the innovation and research here have resulted in high-grade olefins that are largely used in food packaging. Moreover, extensive use and wide application scope in various end-use industries, including electronics, packaging, consumer goods, furniture, footwear, construction, and transportation are also accelerating Market growth in the region.

The Polyolefin Market in the APAC region will grow at the fastest pace over the forecast period. Factors aiding growth in the region include growing construction and automotive sectors, key players developing an excellent network that is helping consumers and dealers alike, availability of vast land and skilled labor, the shift in production landscape towards emerging economies especially in India and China and increasing construction spending.

The Polyolefin Market in Europe is predicted to have a healthy growth over the forecast period. Factors aiding growth in the region include the rise in infrastructural and construction spending, growing consumer disposable income, and a revitalized automotive sector in the region.

The Polyolefin Market in the Rest of the World is predicted to have a steady growth over the forecast period.

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Key Players:

Prominent Players Profiled in the Polyolefin Market Report include Arkema SA, Ineos Group AG, Total SA, Braskem SA, SABIC, China National Petroleum Corporation, ExxonMobil Corporation, LyondellBasell Industries Holdings BV, Sinopec Corporation, Formosa Plastics Corporation, The Dow Chemical Co., E. I. du Pont de Nemours and Company,and BASF SE. Leading players have used different strategies to create a foothold in the Market, such as mergers and acquisitions, joint ventures, product launches, and more.

September 2019: Procter and Gamble in association with PureCycle have perfected a technique which results in snowy white and odor-free recycled polypropylene which is highly desirable to different manufacturers.

Market Analysis:

Global Polyolefin Market is predicted to touch USD 300 billion at a 7% CAGR over the forecast period (2016-2022), states the new Market Research Future (MRFR) Report. Polyolefin is a collective term used for the types of plastics which include polypropylene, and polyethylene, namely LDPE (low-density polyethylene), LLDPE (linear low-density polyethylene), and HDPE (high-density polyethylene). Its low price and easy processability along with its excellent physical and chemical properties, make it an ideal resin and the best choice often for an array of plastic applications. Polyolefin is mainly produced from natural gas and oil through polymerization of propylene and ethylene, respectively.

Various factors are propelling the Polyolefin Market Growth. These factors, as per the new MRFR report, include growing demand for Polyolefin materials especially polypropylene and polyethylene from packaging, construction, and automotive industries, strict industrial standards about carbon emissions, the advent of cost-effective interior furnishings in automobiles, and rising innovation in plastic technologies.

On the flip side, fluctuations in the prices of raw materials, stringent environmental norms, concerns about improper disposal of Polyolefin plastic materials, and burgeoning demand for flexible packaging materials are factors that are likely to restrict the Polyolefin Market Growth over the forecast period.

Browse Key Market Insights spread across 117 pages with 32 Market data tables & 13 figures & charts from the report, “Polyolefin Market Information: By Type (Polypropylene (PP), Polyethylene (PE) and Polymethylpentene (PMP)) by Application (Films & Sheet, Blow Molding, Injection Molding and Tapes & Fibers) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2022” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/polyolefin-market-1695

Market Segmentation:

The MRFR Report provides a complete segmental analysis of the Polyolefin Market Report based on Type and Application.

Based on Type, the Polyolefin Market is segmented into polymethyl pentene (PMP), polyethylene (PE), and polypropylene (PP). Of these, the polyethylene segment will have the largest share in the Market over the forecast period. Owing to their corrosion and chemical resistance properties, non-toxicity, high durability, and light weight, it is widely used to manufacture automobile accessories, household containers, and packaging films.

Based on Application, the Polyolefin Market is segmented into tapes and fibers, injection molding, blow molding, films and sheet, and others. Of these, the films and sheet segment will dominate the Market over the forecast period.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality Market research and intelligence services to our clients. Our Market research studies by Components, Application, Logistics and Market players for global, regional, and country level Market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Polyolefin Market with Geographic Segmentation, Statistical Forecast and Competitive Analysis Report to 2022

Overview:

The packaging industry is getting driven primarily by environmental concerns owing to which the Polyolefin Market is enjoying much prominence. Emerging nations are showing huge intake of polyolefin products which can secure high growth rate in the coming years for the market. The high tensile strength of the component is perfect for the packaging industry. Its features such as high impact resistance and chemical resistance make it a choicest preference for industries such as film and sheet industry as well. At the same time, it can be melted, cooled, and heated again on the basis of requirement but in the process, the final product does not lose its original strength giving the product and advantage over other metal substitutes. The Global Polyolefin Market is eyeing for growth by an impressive 7% CAGR during the forecast period (2016-2022) to reach a market valuation of USD 300 billion. Market Research Future (MRFR) includes a detailed segmental analysis in the report, along with drivers that can impact the global market during the forecast period.

Among the major drivers, the packaging industry can be considered a prominent one where the demand for eco-friendly substances is driving production big time. Governments have already implemented stringent regulations to curb the CO2 emission which is promoting the demand for Polyolefin as it can be recycled which creates little room for wastage. The automobile sector has a significant role to play in the growth of Polyolefin. The product is light-weight which ensures less fuel consumption and helps manufacturers to comply with the government regulations. Its use in electrical insulation can open up bigger business opportunity for the market. Driven by such heavy industries, volume-wise production of the Polyolefin can expect to cross 180 million tons by 2022.

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Competitive Landscape:

Prominent players of the Global Polyolefin Market report are 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.

In July 2018, LyondellBasell inked a deal with Karlsruhe Institute of Technology (KIT) regarding the waste-management program. The initiative would help the former to step ahead towards recycling waste. New catalysts would assist in depolymerization of polyolefin waste, and the process would witness greater efficiency.

Bostik’s Brilliance, a first-of-its-kind high-performance polyolefin elastic attachment, are mostly used in baby diapers and adult incontinence products. The elastic allows the proper placement of the hygienic products and has reliable leakage control.

Segmentation:

The Global Polyolefin Market can be segmented by Application and Type.

Based on the Type, the Polyolefin Market can be segmented into polypropylene (PP), polyethylene (PE), and polymethyl pentene (PMP). PE segment to own almost 30% of the entire market by 2022.

Application-Wise, the Polyolefin Market can be segmented by films & sheet, blow molding, injection molding, tapes & fibers, and others. Films & sheet segment is expecting substantial growth during the forecast period.

Regional Analysis:

Region-Specific Analysis of the Polyolefin Market includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

The APAC region is expected to play a pivotal role during the forecast period. The region has several economies that are industry-wise unfurling their potential. Especially, automotive and construction sectors are gaining mileage and, in the process, are triggering the growth of the polyolefin market. At the same time, key players have developed an extraordinary network which is helping both the dealers and the consumers.

North America, an erstwhile market leader, is growing at substantial pace with several verticals providing much traction to the all over growth. Revamping automotive sector of the region is pushing the market forward. In the U.S. and Europe, research and innovation have led to the discovery of high-grade olefins which can be used in food packaging.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com