Polyolefin Powders Market Size Estimation and Industry Share 2023 - INEOS, Merck KGaA, SABIC, Borealis AG, Eastman Chemical Company, Axalta Coating Systems, Wacker Chemie AG, Mitsui Chemicals, Inc and Sumitomo Seika Chemicals Co., Ltd

Market Segmentation

The Global Polyolefin Powders Market has been segmented by Type, Application, End-Use Industry, and Region.

By Type, the Global Polyolefin Powders Market has been segmented into polypropylene (PP), polyethylene (PE), and ethylene-vinyl acetate (EVA). The PE segment is expected to lead the market due to the extensive use of PE powder in rotomolding as it offers high flexibility, excellent wrap resistance, consistent shrinkage, and cost-effectiveness. Additionally, it does not require stabilization additives to be thermally stable and can be molded using high temperature, high-speed rotational molding equipment without excessive oxidation. PP powders have polymers, pigments, fillers, and reinforcing agents added to them, which has led to their widespread use to produce additive masterbatches, mineral-filled masterbatches and compounds, elastomer-modified compounds, glass fiber, and woodstock-reinforced compounds.

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Based on Application, the market has been segmented into rotomolding, masterbatches, SMC, BMC, dusting agents, sintering agents, binding agents, carpet applications, and others. Rotomolding is used to manufacture tanks and containers, toys, leisure products, industrial products such as recycling units, blower housing, and water filtration systems, transportation products such as diesel fuel tanks, tractor dashboards, wheel arches, instrument panels, and ducting, medical products such as stretchers, casing for medical specimens and samples, facial oxygen masks, and paramedic cases, and marine industry products such as ideal floats, buoys, dock floats, and pool liners, as well as recreational watercraft such as pontoons and kayaks.

The market has been segmented, by End-Use Industry, into electronics, food packaging, construction, automotive, textiles, medical, and others. The automotive is expected to be dominant due to the extensive use of polymeric compounds in the manufacturing of automobiles. The demand for lightweight and fuel-efficient automobiles to meet stringent regulations for volatile organic compound (VOC) emissions has resulted in an increased use of plastic materials in automobiles. The construction segment is expected to account for the second-largest market share due to rapid industrialization across the globe.

Competitive Analysis

Some of the manufacturers operating in the Global Polyolefin Powders Market are LyondellBasell Industries Holdings BV (Netherlands), Exxon Mobil Corporation (US), INEOS (UK), Merck KGaA (Germany), SABIC (Saudi Arabia), Borealis AG (Austria), Eastman Chemical Company (US), Axalta Coating Systems (US), Wacker Chemie AG (Germany), Mitsui Chemicals, Inc. (Japan), Asahi Kasei Corporation (Japan), and Sumitomo Seika Chemicals Co., Ltd (Japan).

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Regional Analysis

The Polyolefin Powders Market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The market in Asia-Pacific dominated the Global Polyolefin Powders Market in 2017 on account of the high demand in major end-use industries such as automotive, construction, and electronics in the region.

The North American market is expected to witness significant growth due to the demand from the food packaging, construction, automotive, and aerospace industries.

The high production and trading of automotive parts in Western European countries such as Germany, the UK, Italy, and France are expected to drive product demand during the forecast period.

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This release was published on openPR.