A
new research report by Transparency Market Research offers a
comprehensive evaluation of the Polyolefin
Resin Market
market. The
study, titled “Polyolefin
Resin Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020”,
is available for sale on the firm’s website.
Polyolefin
resins are polymers containing one or more olefinic groups. These are
high molecular weight hydrocarbons which include polyethylene,
polypropylenes that comprise resins and copolymers.
Polyolefin resins have the ability for withstanding exposures
to almost all chemicals at most room temperature. They are less
expensive and adaptable to different fabrication techniques.
Automobile, film & sheet, fibers & tapes in the packaging,
medical and construction are some of the key end user industries of
polyolefin resins. Polyolefin resins are also used for coating and
packaging purposes.
Request
FREE Sample pages of premium Research Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=117
Among
thermoplastics groups, polyolefins account for the largest product
segment. Polyethylene and polypropylene are the most commonly used
polyolefins. Polyolefin resins were invented in the research
laboratory of Imperial Chemical Industries in 1931; however the large
scale manufacturing did not start until 1950. Shift in the trend to
use polyolefins over polyvinyl chloride (PVC) boosted the demand for
polyolefin resins. PVC, an important compound used in the automotive
and construction industry, is considered harmful for the environment
and hazardous to life. Polyolefins have replaced PVC due to their
rubber like properties and hence are suitable for high performance
industrial applications. The market for polyolefin resins is growing
at a steady pace on account of its low cost and its capability of
being fabricated by using modern techonologies such as extrusion,
blow molding, calendaring and injecting molding. Non-polyolefin
resins produced from elastomers can be used as a substitute for
polyolefin resins, however reasons such as higher production cost of
the former prevents the entry of substitutes in the market.
Polyolefin
resin market is witnessing substantial growth on a global scale,
owing to its increasing scope of applications coupled with
technological advancement. Asia Pacific is the largest market for
this compound accounting to the presence of key manufacturers in
these regions. Other regions such as Latin America and Middle East
account for the next largest market for polyolefin resins.
Automobile
industry, the largest end user of this product, is growing rapidly in
developing economies such as China, India, Brazil and South Africa
which has further fuelled the demand for polyolefins in Asia Pacific
and other regions mentioned. China is the largest manufacturer of
this compound in the world. However the production of polyolefin
resins is increasing in Asian countries such as India, Malaysia and
Indonesia. Availability of raw materials at low cost is attracting
numerous North American and European based companies to set up
polyolefin production site in Asia Pacific. Fluctuating prices of
petroleum and oil is driving the Middle Eastern economies to reduce
their dependence on petroleum products.
Browse
the full Research report at :
http://www.transparencymarketresearch.com/polyolefin-resin-market.html
The
production of polyolefins and other compounds such as automobile
coating materials is increasing rapidly; Middle East is expected to
emerge as one of the largest exporters of polyolefin resins during
the forecast period. North America is the third largest market for
polyolefin resins.. North America fulfills most of its polyolefin
demand by importing from countries in Asia Pacific. However the shale
gas boom in North America has provided the opportunity of
availability of cheaper raw materials. This is expected to fuel up
the production of polyolefin resins in countries such as U.S. and
Canada. The market for polyolefin is considerably low in Europe
resulting from the sluggish economic growth. It is predicted that the
presence of key market players such as The Dow Chemical Company will
fuel up the demand for this compound in Europe by 2020.
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