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Global Polyolefin Powders Market Is Likely To Register Double Digit CAGR During 2018 To 2026 | TMR
Polyolefin powders are composed of crystalline polyolefin material produced from olefins. These powders can be obtained directly from the reactor stream by placing the heated mixed reactants against a stream of liquid water. The powdered form of polyolefin is used in various applications such as rubber compounding, paper coating, ink & paint formulation, and injection molding. Different grades of polyolefin powders can be used as per requirements of end-use industries such as automotive & transportation, paints & coatings, and building & construction.
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Polyolefin Powders Market: Overview
The polyolefin powders market can be segmented based on chemistry, application, end-use, and region. Based on chemistry, the polyolefin powders market can be classified into polyethylene powder, polypropylene powder, and Ethylene Vinyl Acetate (EVA) powder. Polyethylene powder is further classified into linear low-density polyethylene (LIDPE) powder, low-density polyethylene (LDPE) powder, and high-density polyethylene (HDPE) powder. In terms of chemistry, polyethylene powder is projected to be the leading segment owing to the rise in demand for the polyethylene powder in rotomolding applications to manufacture automotive fuel tanks, water, septic, oil, chemicals tanks and plastic containers.
In terms of application, the polyolefin powders market can be segregated into rotomolding, masterbatch, and others. Rotomolding is anticipated to dominate the polyolefin powders market owing to the rise in demand for this application in the manufacturing process of different types of tanks to store fuel, chemicals, water, etc. Additionally, increase in usage of polyolefin powders in rotomolding application to make containers and packages is driving the segment.
Based on end-use industry, the polyolefin powders market can be divided into toys and tanks & containers, automotive & transportation, paints & coatings, cosmetics, battery, building & construction, and others. The others segment includes industrial soaps & cleaners, rubber & carpet, hot melt adhesives (HMA) & pressure sensitive adhesive (PSA), printer & flexo and gravure ink, and grease. Toys and tanks & containers together accounted for major share of the polyolefin powders market in 2017 owing to the increase in usage of polyolefin powder in rotomolding application.
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Polyolefin Powders Market: Key Players
Key players operating in the global polyolefin powders market include LyondellBasell Industries Holdings B.V., Exxon Mobil, Ineos Group Holdings S.A., Merck KGaA, Borealis AG, SABIC, Eastman Chemical, Axalta Coating Systems, Wacker Chemie, Mitsui Chemicals, Micro Powders, Rapid Coat, Rowak, Moretex Chemical, and Schaetti.
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