Polyolefins Market 2019 Global Size,Industry Benefits, Share, Sales, Upcoming Developments, Business Predictions and Future Investments 2023

Global Polyolefins Market Information - by type (Polyethylene, Polypropylene and others), by application (Film & Sheets, Blow Molding, Injection Molding, Fibers and others), by end user (Packaging, Automotive, Construction, Pharmaceuticals/Medical, Electronics & Electricals and others) and by Region - Forecast to 2023

Pune, India - June 7, 2019 /MarketersMedia/ —

Polyolefins Market Is Predicted To Grow At Approximately 5% Cagr During The Forecast Period

Polyolefins Market Highlights:

Although polyolefins have a large number of advantages, the most important is their versatility. The increasing need for high standard performance plastic across all modern applications is driving the growth of polyolefins market. This has also resulted in the development of newer and improved application and performance properties; polyolefins that are fast, easy, and low cost are in demand. Such newly developed polyolefins include fast curing polyethylene and polypropylene and others.

The global polyolefins market is expecting a potential growth in coming years. The major factors that influenced the demand for polyolefins are wide range of applications, growth in packaging industry, increasing demand from construction industry and growing Asia-Pacific region. Whereas, factors that are hindering the growth of polyolefins market are increasing demand - supply gap, fluctuation in crude oil prices and stringent environmental regulations on non-biodegradable plastic residues challenging market growth. Major ongoing opportunities and trends in polyolefins market are Increasing Popularity of green and natural polyolefins, increasing demand for bio-based polyolefin and increasing demand from FMCG and plastic packaging industries.

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Key Market Players:

W.R. Grace
LyondellBasell Industries Holdings
E. I. du Pont de Nemours and Company
PetroChina Company Limited
PolyOne Corporation
Arkema SA
SABIC

Regional Analysis:

The APAC region is the largest consumer of polyolefins such as polyethylene and polypropylene in the world which has accounted around 47% of market in 2016. Within this region, the polyolefins market is wholly dominated by China which represents 45% of the total market volume in 2016. Demand for PP and PE from India accounted for 19% of the total demand, hence, the Indian market will come up with ample growth opportunities owing to the investments, big giants entering into Indian market and strong dominance of domestic players with respect to production, while Japan represents 23% of the market in terms of volume. Because of its strong, growing middle class, the entire region is a significant market for end markets that use polyolefins, including packaging, consumer goods and FMCG and textile. Japan, Australia, and South Korea are the most developed countries in the APAC region and have mature growth outlooks.

China is the one of the largest economy in the world and is still growing at a rapid pace. China is making deliberate efforts to boost various industries including packaging, consumer good, retail, automotive, automotive and consumer products; growing industrial activity has resulted in increasing demand for polyolefins. Currently, China is the single largest market for polyolefins, accounting more than 45% of the total market in APAC.

Key Findings :

Global Polyolefins Market is projected to reach USD 324 billion by 2023 with 6.49% CAGR during review period of 2017-2023
Asia-Pacific accounted for largest share due to growing application industries in this region
Among types, polyethylene has acquired the market share of 46% in 2015 with the market value of USD 96.6 billion in 2016 growing at a CAGR of 6.45% till forecast period.
Among applications, packaging industry emerged as the leading application industry in global polyolefins market.

Polyolefins Market Segmentation:

By Types
•Polyethylene (PP) – HDPE, LDPE, LLDPE
•Polypropylene (PP)
•Others

By Application
•Film & Sheets
•Blow Molding
•Injection Molding
•Fibers
•Others

By End User
•Packaging
•Automotive
•Construction
•Pharmaceuticals/Medical
•Electronics & Electricals

Target Audience

Polyolefins producers
Traders and distributors
Association and government bodies.
Application industries
Plastic manufacturers
Research institute

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Source URL: https://marketersmedia.com/polyolefins-market-2019-global-sizeindustry-benefits-share-sales-upcoming-developments-business-predictions-and-future-investments-2023/521394

Source: MarketersMedia

Release ID: 521394