Press release
Polyolefin Powder Market Size to Surpass USD 13.81 billion by 2029, at 5% CAGR
Polyolefin Powder
The rise in the application of polyolefin powders in the container sector has boosted the demand for polyolefin powder. The polyolefin powder is being used in the production of various automotive parts thus, the rapid growth in the automotive sector in emerging economies is expected to propel the growth of the market over the forecast period. However, stringent environmental regulations with the use of harmful chemicals in the production of polyolefin are one of the major restraints for the market. Moreover, with increasing population, industrialization, and the rise in the purchasing power of consumers, development in technology is further driving the growth of this market.
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Polyolefin Powders Market Drivers
Growing Medical/Biomedical Industry Driving the Markets Growth
Polyolefins like linear low-density polyethylene, and Ethylene Vinyl Acetate powder are playing a vital role in manufacturing biomedical devices. The use of polyolefins in the biomedical field has grown significantly, mainly due to their biocompatible nature. Polyolefins are used in the manufacturing of medical applications like dilators, bone substitutes, control drug delivery devices, introducers, and tissue adhesives. Moreover, Polyolefins are also widely used in medical devices such as syringes, MDPIs, or nasal sprays, and devices involved in the operation from bowls & handles to IOL components.
Polyolefin Powders Market Challenges
Volatile Raw Material Prices and Growing Environment Concerns
Polyolefins are derived from natural gas or from low-molecular-weight constituents of petroleum, and their most prominent members are ethylene and propylene. So, any fluctuation in the prices of crude oil or natural gas will hinder the market's growth. For example, fluctuation in the price of crude oil from 2023-2029, due to trade war between US-China and other geopolitical issues in the ME&A region further impact the prices of Polyolefins and in return hindered the market growth. Furthermore, growing awareness regarding the negative effect of plastic waste to the environment is also hindering the market's growth. Furthermore, the extent of plastic pollution has triggered a concern against the environment, which has hindered the polyolefins powder market growth.
Prominent Key players of the Polyolefin Powder Market survey report:
Historical data available in the report elaborates on the development of the Polyolefin Powder on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - LyondellBasell Industries N.V., Sumitomo Seika Chemicals Company Ltd., Ineos, Dairen Chemical Corporation, Borealis AG, Abifor AG, Asahi Kasei Corporation, Merck & Co., Inc., Micro Powders Inc., Mitsui Chemical, Moretex Chemical Products Inc., SABIC.
Acquisitions/Technology Launches
In May 2020, Braskem S.A., launched a new polypropylene (PP) powder for Selective Laser Sintering (SLS) Industrial 3D printing. With this launch Braskem increased its product portfolio for the 3D print industry, which will further, drive the Polyolefin Market Growth.
In April 2019, Saudi Basic Industries Corp. launched a new anti-abrasive polyolefin compound 'SABIC P1600A' for mining industries. With this new launch, SABIC enhanced its product offering, which will further drive the market's growth.
Polyolefin Powder Market Segmentation:
Polyolefin Powder Market by Type, 2023-2029, (USD Million), (Kilotons)
» Polyethylene Powder
» Polypropylene Powder
» EVA Powder
Polyolefin Powder Market by Application, 2023-2029, (USD Million), (Kilotons)
» Roto Molding
» Masterbatch
» Other Applications
Polyolefin Powder Market by End User, 2023-2029, (USD Million), (Kilotons)
» Automotive and Transportation
» Battery
» Building and Construction
» Cosmetics and Personal Care
» Paints and Coatings
» Tanks and Containers
» Other End-User Industries
The regional outlook by revenue covers the countries namely:
✦ North America (United States, Canada and Mexico)
✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
✦ South America (Brazil, Argentina, Colombia, and Rest of South America)
✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
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Key Features of the Polyolefin Powder Market Report: -
⇨ Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.
⇨ Examine the market opportunities for stakeholders by identifying higher growth sections.
⇨ To study and analyse the global Polyolefin Powder industry status and forecast including key regions.
⇨ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
⇨ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
⇨ It helps you make strategic business decisions and investment plans.
Competitive Landscape
Competition has been growing for the Polyolefin Powder industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.
Highlight the Following Key Factors:
► Business Description: a particular description of agency operations and enterprise departments.
► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.
► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.
► Company History: The development of predominant occasions associated to the company.
► Main merchandise and services: A listing of the company's fundamental products, services, and brands.
► Main Competitors: A listing of the company's fundamental competitors.
► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.
► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
Table of Contents
Global Polyolefin Powder Market Research Report 2023-2029
1 Polyolefin Powder Market Overview
1.1 Product Overview and Scope of Polyolefin Powder
1.2 Polyolefin Powder Segment by Type (Product Category)
1.3 Global Polyolefin Powder market Segment by Application
1.4 Global Polyolefin Powder Market by Region (2023-2029)
1.4.1 Global Polyolefin Powder Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)
1.4.2 North America Status and Prospect (2023-2029
1.4.3 Europe Status and Prospect (2023-2029)
1.4.4 China Status and Prospect (2023-2029)
1.4.5 Japan Status and Prospect (2023-2029)
1.4.6 Southeast Asia Status and Prospect (2023-2029)
1.4.7 India Status and Prospect (2023-2029)
1.5 Global Market Size (Value) of Polyolefin Powder (2023-2029)
1.5.1 Global Polyolefin Powder Revenue Status and Outlook (2023-2029)
1.5.2 Global Polyolefin Powder Capacity, Production Status and Outlook (2023-2029)
…
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