Regional Analysis
The polyolefin powders market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the global polyolefin powders market in 2017 on account of the high demand in major end-use industries such as automotive, construction, and electronics in the region.
The North American market is expected to witness significant growth due to the demand from the food packaging, construction, automotive, and aerospace industries.
The high production and trading of automotive parts in Western European countries such as Germany, the UK, Italy, and France are expected to drive product demand during the forecast period.
Competitive Analysis
Some of the manufacturers operating in the global polyolefin powders market are LyondellBasell Industries Holdings BV (Netherlands), Exxon Mobil Corporation (US), INEOS (UK), Merck KGaA (Germany), SABIC (Saudi Arabia), Borealis AG (Austria), Eastman Chemical Company (US), Axalta Coating Systems (US), Wacker Chemie AG (Germany), Mitsui Chemicals, Inc. (Japan), Asahi Kasei Corporation (Japan), and Sumitomo Seika Chemicals Co., Ltd (Japan).
The global polyolefin powders market has been segmented by type, application, end-use industry, and region.
By type, the global polyolefin powders market share has been segmented into polypropylene (PP), polyethylene (PE), and ethylene-vinyl acetate (EVA). The PE segment is expected to lead the market due to the extensive use of PE powder in rotomolding as it offers high flexibility, excellent wrap resistance, consistent shrinkage, and cost-effectiveness. Additionally, it does not require stabilization additives to be thermally stable and can be molded using high temperature, high-speed rotational molding equipment without excessive oxidation. PP powders have polymers, pigments, fillers, and reinforcing agents added to them, which has led to their widespread use to produce additive masterbatches, mineral-filled masterbatches and compounds, elastomer-modified compounds, glass fiber, and woodstock-reinforced compounds.
Based on application, the market has been segmented into rotomolding, masterbatches, SMC, BMC, dusting agents, sintering agents, binding agents, carpet applications, and others. Rotomolding is used to manufacture tanks and containers, toys, leisure products, industrial products such as recycling units, blower housing, and water filtration systems, transportation products such as diesel fuel tanks, tractor dashboards, wheel arches, instrument panels, and ducting, medical products such as stretchers, casing for medical specimens and samples, facial oxygen masks, and paramedic cases, and marine industry products such as ideal floats, buoys, dock floats, and pool liners, as well as recreational watercraft such as pontoons and kayaks.
The market has been segmented, by end-use industry, into electronics, food packaging, construction, automotive, textiles, medical, and others. The automotive is expected to be dominant due to the extensive use of polymeric compounds in the manufacturing of automobiles. The demand for lightweight and fuel-efficient automobiles to meet stringent regulations for volatile organic compound (VOC) emissions has resulted in an increased use of plastic materials in automobiles. The construction segment is expected to account for the second-largest market share due to rapid industrialization across the globe.
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Market SegmentationThe global polyolefin elastomers market has been segmented based on type, manufacturing method, application, end-use industry, and region.On the basis of type, the global polyolefin elastomers market has been divided into polyethylene, polypropylene, and ethylene propylene diene monomer.Based on manufacturing method, the global polyolefin elastomers market has been segregated into injection molding, extrusion molding, blow molding, cast and blown film extrusion, and foam and calendering.On the basis of application, the global polyolefin elastomers market has been segmented into adhesives, molded rubber goods, wires and cables, automotive interior, films, medical equipment, and others.By end-use industry, the polyolefin elastomers market has been classified as automotive, consumer goods, packaging, electrical and electronics, and others.The global polyolefin elastomers market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.Regional AnalysisThe global polyolefin elastomers market share has been studied for five key regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
China leads the regional market due to the large-scale automobile production in the country.
According to the ITA, the US registered the second-largest vehicle production and sales in 2017, which is expected to drive the growth of the North American polyolefin elastomers market.
In Latin America, Brazil, Mexico, and Argentina are the leading markets due to the widespread use of POE in medical and packaging applications.
The market in the Middle East & Africa is expected to register sluggish growth during the forecast period.Competitive AnalysisThe key players in the global polyolefin elastomers market are DowDuPont (US), the Dow Chemical Company (US), Exxon Mobil Corporation (US), Mitsui Chemicals, Inc. (Japan), LG Chem (South Korea), Mitsubishi Chemical Holding Corporation (Japan), Polmann India Ltd (India), SABIC (Saudi Arabia), LyondellBasell Industries Holdings BV (Netherlands), RTP Company (US), and PolyOne Corporation (US).POE are prepared by the copolymerization of ethylene with different monomers such as propylene, butene, hexene, and octene.
POE are a new class of polymers developed due to advancements in metallocene polymerization catalysts.
Market Research Future Published a Half-Cooked Research Report on Global Polyolefin Market Research Report- Forecast to 2022Market Segmentation:The MRFR Report provides a complete segmental analysis of the Polyolefin Market Trends Report based on Type and Application.Based on Type, the Polyolefin Market is segmented into polymethyl pentene (PMP), polyethylene (PE), and polypropylene (PP).
Owing to their corrosion and chemical resistance properties, non-toxicity, high durability, and light weight, it is widely used to manufacture automobile accessories, household containers, and packaging films.Based on Application, the Polyolefin Market is segmented into tapes and fibers, injection molding, blow molding, films and sheet, and others.
Of these, the films and sheet segment will dominate the Market over the forecast period.Regional Analysis:By Region, the Polyolefin Market report covers the latest trends and growth opportunities across the North America, Asia Pacific (APAC), Europe, and the Rest of the World.
Of these, North America will spearhead the Market over the forecast period chiefly due to the regions revamping automotive sector and increasing research and innovation made by manufacturers to strengthen product portfolio and widen business operations.
Factors aiding growth in the region include growing construction and automotive sectors, key players developing an excellent network that is helping consumers and dealers alike, availability of vast land and skilled labor, the shift in production landscape towards emerging economies especially in India and China and increasing construction spending.The Polyolefin Market in Europe is predicted to have a healthy growth over the forecast period.
Factors aiding growth in the region include the rise in infrastructural and construction spending, growing consumer disposable income, and a revitalized automotive sector in the region.The Polyolefin Market in the Rest of the World is predicted to have a steady growth over the forecast period.Market Analysis:Global Polyolefin Market is predicted to touch USD 300 billion at a 7% CAGR over the forecast period (2016-2022), states the new Market Research Future (MRFR) Report.
