Pune, India -- (SBWIRE) -- 11/15/2017 -- Polyolefin Market - Overview:
Polyolefins are macromolecules that are formed by the polymerization of olefin monomer units. The word polyolefin means 'oil-like' comes from the oily or waxy texture of plastics types that include polyethylene. Polyolefins contain carbon and hydrogen atoms and they do not have an inherent fragrance.
The most common forms of polyolefins are polypropylene (PP) and polyethylene (PE) respectively. These polymers are notably used in a wide area of applications depending on the material characteristics of the polymer, most notably consumer plastic. Polyolefins is also the collective term for the various kinds of plastics that comprise of polyethylene, namely low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE) and polypropylene (PP).
Key Market Players:
The key players in Global Polyolefins Market Report included are W.R. Grace, LyondellBasell Industries Holdings B.V, E. I. du Pont de Nemours and Company, PetroChina Company Limited, PolyOne Corporation, Arkema SA and SABIC.
Polyolefins are created from substances that replete in carbon: coal, oil or natural gas. Most of the polyolefin that are used to make packaging materials are made through film extrusion or moulding processes. In the film extrusion process the polymer is heated until it melts after which it is forced through a die to make a thick sheet, thin film or fibers. Depending on the density of the film, it can then be then utilized to produce anything from lightweight food packaging wrap to much heavier film which can used in the agricultural field. Whereas the moulding process uses the process of heating and compressing the polymer in a barrel, which is then forced (blown or injected) into a mould and cooled. The plastic items made by this process can be anything from crates and boxes, bottles or food containers. Polyolefins are also processed by extrusion, injection molding, blow molding, and rotational molding methods. The methods of thermoforming, calendering, and compression molding are the less common methods that are applied.
The production of polyolefin is expected to cross 180 million tonnes by 2022 globally. This is backed by the rising disposable incomes of average population have widened the scope for the market. The global Polyolefin market is set to cross USD 300 Billion at the end of the forecasted period and is expected to grow at CAGR of approximately 7% from 2016 to 2022.
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Polyolefin Market – Competitive Analysis
With the gradual increase of industry players in the market for polyolefin have given way to a trend of solid, volume-driven growth as new products and treatment procedures are being introduced into the market. With marketers aiming to expand in the market segment as much as possible are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
Polyolefin Market – Segmentation
By Type: polypropylene, polyethylene, polymethylpentene
By Application: Film & Sheet, Blowmoulding, injection, molding, Tapes & fibers and others
By Region: North America, Europe, APAC others
Polyolefin Market - Regional Analysis
APAC dominates the Global Polyolefin Market with its fast growing market worldwide with a share of over 46% in polyolefin market. The region has seen rapid industrialization with increasing number of manufacturing plants being set up by global players. This induces the demand for these polymers. The trend is expected to continue for coming years and this would result in an expanding share of APAC by 2022.
However, North America had the largest market size in 2015 and is expected to show steady growth by 2022. Europe and Rest of the World are also expected to grow from 2016 to 2022. The regions of North America and Europe are well established markets for these polymers and are increasing their R&D investments coupled with technological advancement and application specific product development to expand further.
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Key Points from Table of Contents:
12 Key Players
12.1 W.R. Grace
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 LyondellBasell Industries Holdings B.V
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 E. I. du Pont de Nemours and Company
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 PetroChina Company Limited
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
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