POLYOLEFIN POWDERS MARKET TO REACH USD 10.1 BILLION BY 2027 | CAGR 4.0% – FORENCIS RESEARCH

Global Polyolefin Powders Market: Key Highlights

• According to the new market research report “Polyolefin Powders Market by Form (Polyethylene Powder, Polypropylene Powder, and EVA Powder), by Application (Rotomolding, Masterbatch), by End-Use Industry (Toys, Tanks & Containers, Automotive & Transportation, Paints & Coatings, Cosmetics, Battery, Building & Construction), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global Polyolefin Powders market is estimated to reach USD 10.1 Billion by 2027 at a CAGR of around 4.0% during the review period.
• A polyolefin solution is made with a solvent, nonsolvent, small amount of an inorganic compound, and water
• This solution is then cooled to create a polyolefin powder. Polyolefin powder offers high bulk density, narrow particle size distribution, and good powder flowability
• Polyethylene powder is used majorly in the rotational molding owing to available forms of several density types. The rotational modling offers high flexibility, consistent shrinkage, excellent wrap resistance, and cost-effectiveness to manufacture automotive fuel tanks, water, septic, oil, chemicals tanks and plastic containers.
• The basic properties of polyolefins can be modified with a broad range of chemical modifiers. Polyolefin-based films can be coextruded with various other polymers, including ethylene vinyl alcohol (EVOH), nylon, polyester barrier resins and adhesive tielayers, to produce multilayer films with special, high-performance properties.

Global Polyolefin Powders Market: Key Market Dynamics

• Polyolefine powder's superior properties make it's used in different end-use industries, thus, increasing demand for polyolefine powder from different end-use industries is expected to drive the global market during the forecasted period.
• Moreover, demand of polyolefin powders from emerging economies is boosting the global Polyolefin Powders market.
• Increasing adoption of 3D printing is likely to be offering great opportunities to the polyolefin powder industry.
• However, environmental impact of small plastic beads, which is likely to hamper the growth of the Polyolefin Powders market.

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Global Polyolefin Powders Market: Regional Overview

• Asia-Pacific

Asia-Pacific is expected to hold significant share of the global polyolefin powders market, owing to the increased demand for these powders in rotomolding and masterbatch applications in the region. These applications help in the production of plastic compounds which are used in numerous industrial applications. Growing, and advancement of automotive & transportation, paints and & coatings, cosmetics, toys, tank & containers, and building & construction industries in developing economies such as China and India are also boosting the polyolefin powders market. China is expected to dominate the market owing to the growing demand from the home appliance, electronic, and automotive sectors. Increase in sales of household appliances and electronic equipment due to shift in lifestyle trend and rapid urbanization have raised the consumption of polyolefins.

Global Polyolefin Powders Market: Key Players Overview

• LyondellBasell Industries Holdings B.V.:

LyondellBasell Industries Holdings B.V. is one of the largest plastics, chemicals and refining companies in the world. The company produces materials and products to modern challenges such as enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. Through the Advanced Polymer Solutions segment, company produces olefins and polyethylene (PE) and polypropylene (PP), high density polyethylene (HDPE), low density polyethylene (LDPE) and linear low density polyethylene (LLDPE). In june 2016, Indian Oil Corporation Ltd. (India) selected LyondellBasell Industries Holdings B.V.’s spheripol technology, a process technology for will used for manufacturing polypropylene.

• BASF SE:

BASF SE is one of the leading chemical company across the globe. The Company’s portfolio comprised of six business segments including Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. BASF SE has Approximately 3,000 research project and 361 production plant worldwide. In June 2019, BAsf SE and Description SIBUR (Russia) collaborated to develop innovative polymer solutions.

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