Polyolefin Powder Market by Application (Rotomolding, Masterbatch, Others),Trends

Data Bridge Market Research analyses the polyolefin powder market will exhibit a CAGR of 6.00% for the forecast period of 2022-2029 and is expected to reach the USD 11.79 billion by 2029.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-polyolefin-powder-market

Polyolefin is a polymer made from the simple monomer olefin, and its powder is made up of crystalline polyolefin made from olefins. Paper coating, ink and paint formulation, and injection moulding are just a few of the applications for polyolefin powder. Using a decanter rotator, cleanse container, degassing vessel, or freshening up storehouse, clear the polymerized powder of any leftover monomers, impetuses, or solvents. The dry powder is pneumatically transferred to compartments after purging, where it is stored in nitrogen to prevent oxidation.

The increased use of polyethylene powder in rotational molding applications such as tanks, containers, and automotive fuel tanks, among others will raise the demand for polyolefin powder and further influence the growth rate of the polyolefin powder market. The growing demand for these powder masterbatch applications is the key elements driving market expansion. The polyolefin powder market is also being driven by factors such as surging application scope from the container sector and high demand for polyolefin powders from emerging economies. Furthermore, strong growth of end-use industries will enhance the growth rate of polyolefin powder market. Also, the rising use of product in the production of automotive parts will act as a major factor influencing the growth of polyolefin powder market. Rising population, rapid industrialization and upsurge in the purchasing power of consumers will cushion the growth of polyolefin powder market.

Moreover, rising demand for 3-D printing will create beneficial opportunities for the growth of the polyolefin powder market.  Additionally, technological development as well as innovations and untapped potential in emerging market will provide lucrative opportunities for market's growth.

However, stringent laws and growing concerns about the environmental impact of small plastic beads will hamper the polyolefin powder market's growth rate. Also, the growing awareness about the negative effects of plastic on environments will further pose challenges to the growth of polyolefin powder market. The severe impact of COVID-19 in supply chain and the production of these polymers necessitates the use of harmful synthetics which are prohibited in the majority of jurisdictions will act as market restrains and further impede the growth rate of polyolefin powder market.

Key Players Analysis:

Some of the major players operating in the polyolefin powder market are ROWAK AG, Mitsui Chemicals, Inc., SUMITOMO SEIKA CHEMICALS CO.,LTD., Rapid Engineering Co. Pvt. Ltd., Lyondellbasell Industries Holding B.V., Borealis AG, SABIC, Eastman Chemical Company, Wacker Chemie AG, Merck KGaA, Axalta Coating Systems, Sumitomo Seika Chemicals Co. Ltd., Abifor AG, Asahi Kasei Corporation, Moretex Chemical, Dairen Chemical Corporation, Exxon Mobil Corporation, Schaetti AG, INEOS and Micro Powders Inc., among others.

Global Polyolefin Powder Market Scope and Market Size

The polyolefin powder market is segmented on the basis of type, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

On the basis of type, the polyolefin powder market is segmented into polyethylene powder, polypropylene powder, EVA powder and others.

The application segment for polyolefin powder market includes rotomolding, masterbatch and others.

Based on end user, the polyolefin powder market is segmented into toys, tanks and containers, automotive and transportation, paints and coatings, cosmetics, battery, building and construction and others.

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This release was published on openPR.