According to Technavio’s latest market research study, the global polyolefin market is expected to grow at a CAGR of more than 7% during the forecast period 2017-2021.
This report by Technavio provides an in-depth analysis of the global polyolefin market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the type
Source: Technavio
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The top three revenue contributing product segments are discussed below
Global PE market: Based on the relative degree of branching in their molecular structure, PEs can be further classified into low-density PE (LDPE), high-density PE (HDPE), linear low-density PE (LLDPE), and cross–linked high-density PE (XDPE). Increasing demand for PE from end-user segments such as automotive, building and construction, packaging, and healthcare industries is expected to drive the demand for PE in the global market during the forecast period.
“The global market is currently experiencing a surge in the demand for bio-based polyolefin owing to combined efforts of manufacturers, consumers, and government officials in the promotion of the development and acceptance of these products,” says Ajay Adikari, a lead analyst at Technavio for research on olefins.
Global PP market: PP offers excellent stress-crack resistance and are more vulnerable to strong oxidizing agents than PE. The most common application areas include various types of food packaging such as yogurt and margarine tubs, textile fibers, carpets, ropes, thermal clothing, automotive components, and reusable containers.
Global functional polyolefin market: Functional polyolefins include ethylene-vinyl acetate (EVA), ethylene propylene diene terpolymer (EPDM), thermoplastic olefin (TPO), polyolefin elastomer (POE), and polyolefin plastomer (POP). The growth of the global market for functional polyolefins is likely to be driven by the growth of the automotive, construction, packaging, and consumer goods industries.
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The top vendors operating in the global polyolefin market are:
- Arkema
- CNPC
- ExxonMobil
- LyondellBasell
- SABIC
Other prominent vendors in the market include Braskem, Borealis, Borouge, Chevron Phillips Chemical, Formosa Plastics, INEOS, Reliance Industries (RIL), Repsol, Sasol, Dow Chemical, and Total Plastics.
A more detailed analysis is available in the Technavio report titled, ‘Global Polyolefin Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Hot Melt Adhesives Market 2016-2020
- Global Bio-polypropylene (PP) Market 2015-2019
- Global Caprolactam Market 2016-2020
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