A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Polyolefins
Market.
The study, titled “Polyolefins
Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Polyolefins
are polymers that are produced by polymerization of simple olefins.
Olefins, also known as alkenes, are hydrocarbons with a
carbon-hydrogen double bond. Polyolefins are hard, light in weight,
and rigid in nature. They are primarily applied in structural
plastics, consumer goods, industrial products, and food packaging.
Polyolefins have waxy texture and they expand upon heating. These
retain their odorless and nonporous nature when heated and cooled.
This makes them an ideal material for food packaging. Polyolefins are
preferred over other metallic and non-metallic substitutes due to
light weight, durability, and resistance to physical and chemical
attacks.
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Market Research Report @
Polyolefins
are available in various types. Primarily, they can be classified
into two major group’s viz. thermoplastic and elastomeric
compounds. Thermoplastic compounds include polyethylene (PE), and
polypropylene (PP). Polyethylene can be further classified into
low-density polyethylene (LDPE), linear low-density polyethylene
(LLDPE), and high-density polyethylene (HDPE). LDPE and HDPE are used
in high-quality package films, owing to their light weight and high
durability. Elastomeric compounds include polyisobutylene (PIB),
ethylene propylene rubber (EPR), and ethylene propylene diene monomer
rubber (EPDM rubber). Elastomeric compounds are employed in the
manufacture of pillows, cushions, and footwear.
The
polyolefins market can be segmented on the basis of applications.
Polyolefins are primarily applied in packaging, automotive,
electronics, and construction materials. In the packaging industry,
there has been high demand for recyclable containers. Great awareness
about reduction in greenhouse gas emissions is developing. Consumers
are shifting toward everyday products with eco-friendly packaging.
This is anticipated to boost the demand for polyolefins. In
automotive and electronics industries, polyolefins are in demand due
to their light weight and high performance. In construction and other
industries, raw polyolefins are widely used.
Asia
Pacific dominates the global polyolefins market and was one of the
major consumers of polyolefins in 2015. China holds a major share of
the market in the region and India is expected to be the speedily
expanding market in the region. Increase in population along with
speedy industrialization is expected to boost the polyolefins market
in Asia Pacific. South Asian countries such as Vietnam, Indonesia,
and Thailand are also major markets. Regions such as North America
and Europe are favorable markets for polyolefins. These are
relatively mature markets and are expected to witness stagnant
growth. Other regions such as Latin America and Middle East &
Africa are switching toward utilization of unconventional and
bio-based sources. Industries in these regions are focusing on R&D
investments coupled with technological advancements. The polyolefins
market in Saudi Arabia and South Africa is expanding speedily. This,
in turn, is likely to augment the polyolefins market in Middle East &
Africa. The region has strong construction and packaging industries,
which are anticipated to driven the polyolefins market in MEA.
Competition is likely to intensify in the global polyolefins market
in the next few years, owing to implementation of new environmental
norms. This is also estimated to create new opportunities for players
in the market.
The
global polyolefins market is fragmented, due to presence of a large
number of local as well as regional manufacturers. Key players
operating in the market include BASF SE, The Dow Chemical Company,
Bayer AG, LyondellBasell Industries, and DuPont. Increasing
investments in the residential construction segment, followed by
developments in the packaging industry, are projected to augment the
market. This is likely to result in a steady growth rate of the
global polyolefins market and the rise in sales of polyolefins.
Get
accurate market forecast and analysis on the Polyolefins market.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
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and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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