The global Polyolefin Market will be worth USD 310.0 million by 2027, according to a current analysis by Emergen Research. Over the recent past, there has been an increase in usage of eco-friendly polyolefins that cause lower emissions along with a minimum environmental degradation. This is because of the rising awareness of the consumers regarding protection of the environment, a rise in efforts to curb plastic waste disposal, and strict government laws. Besides complying with environmental norms, corporations are majorly investing in R&D activities, in order to develop novel plastic products which will have the potential to replace conventional plastics in terms of physical and chemical properties.
This is a vital segment of the research study as it provides market insights relating to the growth of the Polyolefin market at both the country as well as regional level. The researchers estimate the market growth in different regions and countries by assessing both value and volume. They accurately analyze the revenue, price, CAGR, consumption, sales, and other aspects relevant to the regional markets studied in the report.
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Key Highlights From The Report.
- Dow Chemicals, a Michigan-based chemical corporation received the Edison award in April 2019 for its revolutionary discovery of polyolefin dispersion epoxy coating for Canvera metal. To minimize epoxy and bisphenol A, the coating improvises polyolefin dispersion.
- Pressure is mounting on the medical business to reduce its use of single-use plastics. Presently, the business is dependent on significant usage of PVC, a plastic variant which is harmful to the environment. However, new analysis indicates that polyolefin-based plastics helps to cut back on energy usage as well as emissions through combustion.
- Increasing investments have been witnessed by the residential sector in the recent past, which are followed by developments in the packaging market. These factors are likely to stimulate market growth over the coming years. If this continues, a steady rate of growth along with rise in sales of polyolefins can be predicted over the next few years. Competition is probably going to accentuate on a global scale in the polyolefins market within the next few years, as a result of implementation of stringent environmental norms. This is likely to make new opportunities for players within the market.
The researchers have considered all the factors influencing the growth of the Polyolefin market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Polyolefin market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Polyolefin market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
Major Players/Manufacturers profiled in the report are:
DuPont, The Dow Chemical Company, Bayer AG, LyondellBasell Industries, and BASF SE among others.
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Regions like North America and Europe are the most stable market for polyolefins. These markets are relatively mature and are expected to witness stagnant growth. Asia Pacific on the other hand holds a lot of potential for growth in the coming years. China holds a significant share of the market within the region and India is anticipated to be the rapidly growing market. This is majorly attributed to the increase in population in conjunction with speedy industrialization which is likely to boost the region’s growth. South Asian countries like Vietnam, Thailand and Indonesia are the futuristic markets.
For the purpose of this report, Emergen Research has segmented into the global Polyolefin Market on the technology, application and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Ethylene Vinyl Acetate
- Thermoplastic Olefin
Application Outlook (Revenue, USD Billion; 2017-2027)
- Film and Sheet
- Injection Molding
- Blow Molding
- Profile Extrusion
The Global Polyolefin Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Polyolefin market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report offers insightful information about the market dynamics of the Polyolefin market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Polyolefin market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Polyolefin market.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8 year analysis of the Global Polyolefin Market
- Critical assessment of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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