Press release
Nonchlorinated Polyolefins Market 2018 Growth, Trends, Demand, Analysis and Forecast 2023
Nonchlorinated Polyolefins Market is majorly segmented on the basis of Types, Application, End Users and Region
The Asia Pacific is the dominating market for Nonchlorinated Polyolefins owning the largest market share. The region is expected to grow further by 2023 valuing at astronomical amounts. Attributing to the demand from the growing sectors such as adhesives, paints & coatings, and plastic & rubber making the region is witnessing spurting growth.
Burgeoning markets for automotive, packaging, electrical, and construction in some of the APAC countries such as India, Taiwan, Malaysia and China drive the market growth of the market, making these countries the key contributors to the market growth. Owing to the growing demand for lightweight plastic products in the automotive and electronics industry the region is experiencing rapid growth. The demand is expected to heighten further during the forecasted period.
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North-America market for Nonchlorinated Polyolefins is expected to register a notable CAGR during 2017 to 2023, following the APAC market closely. The market is primarily driven by automotive, electrical and other industries. Also, the huge demand of polymer plasticizers in construction industry along with the growing consumption of the product in packaging, and paint industry has placed the North-America market among the list of the largest competitors in the Global Nonchlorinated Polyolefins Market followed by Europe.
The world’s third largest market of Nonchlorinated Polyolefins, Europe is rapidly becoming one of the prominent markets owing to the large utilization of the product in the automotive, packaging, and construction industry. Simultaneously, Latin America and the Middle East regions observe a steady market growth due to the absorption of Nonchlorinated Polyolefins in the applications such as adhesives, plastic, paints & coatings, rubber, and others.
Nonchlorinated Polyolefins Market – Competitive Analysis
The Global Nonchlorinated Polyolefins Market appeared to be highly competitive and diversified with the presence of many well-established players having the regional and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the market.
Manufacturers strive to deliver the best quality, consistent pure, and reliable, high-quality products based on innovative technologies. They develop a proprietary portfolio of discrete high-quality products available in a packaging ranging from small bottles to drum quantities. They also strive to develop the ability to customize products with the requested specifications such as customized/bulk packaging and individual
Key Players:
The Global Nonchlorinated Polyolefins Market is led by some of the fervent players including, Exxon Mobil Corporation (US), Eastman Chemical Company (US), Nippon Paper Industries Co., Ltd. (Japan), Advanced Polymer, Inc. (US), Toyobo Co., Ltd. (Japan), S&E Specialty Polymers (US) and 3M (US). Profiling them in its analysis, MRFR finds out the strategies keep them at the forefront of the market competition.
Industry/ Innovation /Related News:
July 07, 2018 – Eastman Chemical Company (US) announced a leading wholesale distributor of chemicals and allied products – Reschem Italia SpA, will be its new authorized distributor for amines including “Advantex” and “Vantex-T” neutralizing amines. Additionally, Reschem Italy is also entitled to distribute other Eastman products which include Eastman chlorinated & nonchlorinated polyolefins, Eastman Texanol ester alcohol, and cellulose esters among others.
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