Global Nonchlorinated Polyolefins Market Information- by Type (Nonchlorinated Polyethylene, Nonchlorinated Polypropylene, Nonchlorinated Polystyrene, and others), by Application (Adhesives, Plastic, Paints & Coatings, Rubber, and others), by End Use Industry (Packaging, Automotive, Electrical, Building & Construction, and others), and by Region - Forecast till 2023

Pune, India -- (SBWire) -- 04/10/2018 --Asia-Pacific dominates the market in terms of volume & growth, due to high demand and production in China as well as high developing rate of the markets in India & other countries. Rising urbanization, and increasing demand from automotive industries are the major drivers for Nonchlorinated Polyolefins Market in this region.

The APAC Nonchlorinated Polyolefin Market has been frequently growing, owing to the growing demand and usage in packaging, automotive, electrical, building & construction, and other industries. Amongst the various nonchlorinated polyolefins such as nonchlorinated polyethylene, nonchlorinated polypropylene, nonchlorinated polystyrene, and others, the nonchlorinated polypropylene finds the highest usage in the packaging industry, owing to the growing demand for flexible packaging in APAC region.

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Furthermore, the nonchlorinated polyolefins market in APAC region is estimated to hold the largest share by 2023 due to increase in the demand for automotive industry, which in turn is increasing the demand for Nonchlorinated Polyolefins in the region. Nonchlorinated polyethylene holds the major segment in the Polyolefins Market, due to its increasing demand in coatings and automotive industries in this region, especially in China, India, Japan, Thailand, and others countries of this region. However, unstable prices of raw material, fluctuations in demand & production capacity of Nonchlorinated Polyolefin factors is estimated to hamper the market growth in near future.

Whereas, North America holds second position for Global Nonchlorinated Polyolefins Market followed by Europe. Moreover, Middle East, Latin America and South Africa is an emerging region for Nonchlorinated Polyolefins Market due to increasing consumption of Nonchlorinated Polyolefins in various industries such as packaging, automotive, electronics, building & construction, and other industry.

Key Players:

NIPPON PAPER INDUSTRIES CO., LTD. (Japan)
TOYOBO CO., LTD. (Japan)
KOHJIN Film & Chemicals Co.,Ltd. (Japan)

Segmentation

The Global Nonchlorinated Polyolefins Market is majorly segmented on the basis of types, application, end users and region. Based on types of nonchlorinated polyolefins, the market is segmented into nonchlorinated polyethylene, nonchlorinated polypropylene, nonchlorinated polystyrene, and others. Based on application of nonchlorinated polyolefins the market is segmented into adhesives, plastic, paints & coatings, rubber, and others. On the other hand, based on end user, the market segmented into packaging, automotive, electrical, and building & construction among others. Based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.

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