Bharat Book Bureau Provides the Trending Market Research Report on “Global Polyolefin Powders Market, Forecast to 2022” under Chemical & Materials category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Polyolefin Powders market is projected to grow at a CAGR of 4.62% from 2017 to 2022
The polyolefin powders market is projected to grow from USD 6.46 billion in 2017 to USD 8.48 billion by 2022, at a CAGR of 4.62% between 2017 and 2022. The growing demand for applications such as rotomolding and masterbatch in end-use industries such as toys, tanks & containers, automotive & transportation, paints & coatings, batteries, and building & construction is expected to fuel the growth of the polyolefin powders market. However, stringent environmental regulations are expected to restrain the growth of the polyolefin powders market during the forecast period.
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Toys, tanks, & containers is the largest end-use industry segment of the polyolefin powders market
Polyolefin powders are used in various end-use industries such as toys, tanks & containers, automotive & transportation, paints & coatings, cosmetics, batteries, and building & construction. However, toys, tanks & containers is the most dominant end-use industry, which is driven by polyolefin powders used in rotomolding application to make oil, water, chemical, fuel, septic, and outdoor storage tanks, vessels, marine fuel tanks, automotive fuel tanks, large refuse containers, and wood plastic containers in the US, China, India, and Brazil.
Rising demand from APAC is the major driver for the polyolefin powders market
APAC is estimated to account for the largest market share, in terms of volume and value, in 2017. It is projected to grow at the highest CAGR between 2017 and 2022, in terms of value. The APAC polyolefin powders market is driven by high economic growth and heavy investments in industries such as toys, tanks & containers, automotive & transportation, paints & coatings, cosmetics, batteries, and building & construction. The growing population, industrialization, and rise in purchasing power of consumers have led to the growth in manufacturing of polyolefin powders in the region.
Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and subsegments.
Breakup of primary interviews:
– By Company Type – Tier 1 – 50%, Tier 2 – 25%, and Tier 3 – 25%
– By Designation – D Level – 42%, C Level – 16%, and Others – 42%
– By Region – APAC – 42%, Europe – 33%, North America – 17%, South America -5%, and Middle East & Africa – 3%
Key companies profiled in this report are LyondellBasell (Netherlands), Ineos (Switzerland), Borealis (Austria), Mitsui Chemical (Japan), SABIC (Saudi Arabia), Exxon Mobil (US), Eastman (US), Merck (Germany), Wacker Chemie (Germany), Axalta Coating Systems (US), and others.
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