Polyolefins Market consumption Trends & Forecast Report By 2018


Posted July 26, 2016 by RohitBhagare

Polyolefin is a preferred and widely accepted polymer due to its inherent properties and wide range of applications. Its consumption has grown significantly in the recent times and is at an emerging stage in various countries.

 
The report “Polyolefins Market By Types (Low, Linear & High Density Polyethylene, Polypropylene And Ethylene Vinyl Acetate), By Applications (Film & Sheet, Injection Molding, Fibers & Tapes, Blow Molding, Others) & Geography - Global Trends & Forecasts To 2018”, define and segment the global Polyolefins market with analysis and projection of the global consumption volume and revenue.
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Key content of this market:
The global polyolefins market is witnessing high growth on an account of increasing applications, technological advancements, and growing demand in the Asia-Pacific region. It is a preferred and widely accepted polymer due to its inherent properties and wide range of applications. Its consumption has grown significantly in the recent times and is at an emerging stage in various countries.
Currently, Asia-Pacific is the largest polyolefins market, acquiring more than 45.3% of the global market. The region has huge installed plant capacities of polyolefins. The market is emerging in various countries like China, South Korea, India, Saudi Arabia, Brazil, etc due to increasing industrial activity. Also, large number of emerging manufacturers from Asia-Pacific is expected to reduce import dependency and is expected to drive the market in future.
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The global polyolefin market is witnessing high growth on an account of increasing applications, technological advancements, and growing demand in the Asia-Pacific region. Polyolefins are largely used in industries such as film & sheet (food packaging, stretch & shrink films, trash bags, etc.), injection molding (packaging, automotive & transportation, consumables & electronics, building & construction, etc.), blow molding (blow molded bottles for juice, milk, motor oil, laundry detergents, etc.), and fibers & tapes (building & construction, etc.). Green polyolefins (mainly bio-polyethylene & bio-polypropylene), possess similar properties as that of petroleum-based polyolefin, are gaining popularity.
The global polyolefins market has grown significantly during the past few years mainly due to its diverse applications. Polyolefin market is expected to grow significantly in future boosted by easy availability of raw material in U.S. & China, and growing demand from packaging & construction industry. China is experiencing the highest polyolefins demand globally, mainly due to increase in its industrial growth.
Due to easy availability of cheaper raw material and increase in new applications, the use of polyolefins in various industries is becoming popular. Moreover, in North America, shale gas boom has provided an opportunity for availability of cheaper raw material, thus widening profit margins for the producers hence, providing a boost to the industry. Injection-molded plastics industry is flourishing at a fast pace in emerging economies such as: Asia-Pacific, ultimately driving demand in these regions.
The Asia-Pacific market is anticipated to be a leader for polyolefins with respect to demand. The region has the presence of most global leaders in polyolefins manufacturing. Polyolefins consumption in the region is estimated to grow at a CAGR of about 6.2% from 2013 to 2018.
The Middle East, being the second fastest growing polyolefins market world-over, is estimated to grow at a CAGR of 5.5% for the next five years. Middle East is witnessing high industrial growth which hints at an increasing demand for polyolefins for its diverse applications. Saudi Arabia dominates the polyolefins market in the Middle East being a major consumer and the fastest growing country in terms of polyolefins production. Currently, a high share of polyolefins is consumed by the film & sheet industry and the demand for polyolefins through film & sheet industry is expected to grow in next five years at a CAGR of more than 4.7% from 2013 to 2018.
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Issued By Rohit Bhagare
Country India
Categories Business , Industry
Last Updated July 26, 2016