Press release
147,171.32 thousand tons Expected Growth of Asia-Pacific Polyolefin Market is to Reach by 2025
Asia-Pacific Polyolefin market is expected to reach 147,171.32 thousand tons by 2025 from USD 97,902.90 thousand tons in 2017, at a CAGR of 5.5 % in the forecast period 2018 to 2025.The major factors contributing to the growth of the market includes factors such as Growing demand from Construction Sector Changing Raw Material Supply Scenario Significant Growth in Solar Power Industry. The Polyolefin market in the Asia-Pacific region is leading in China.
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Market is further segmented into:
• Type
• End –User
• Geography
The Asia-Pacific Polyolefin market is segmented on the basis of Type, End User and geography. The report provides data for 2016 to 2025, 2017 being the current year while 2018 to 2025 is the forecast period for the report.
The Asia-Pacific Polyolefin market is segmented based on type into two notable segments; Polyethylene, Polypropylene and others The thermally conductive plastics market is dominated by Polyethylene with 54.8% market share in 2018, growing at a CAGR of 5.1% in the forecast period.
The Asia-Pacific Polyolefin market is segmented based on industry into six notable segments; Packaging, Consumer Goods, Building & Construction, Automotive, Medical & Pharmaceuticals. In 2018, the Packaging application segment is expected to dominate the market with 46.3% market share.
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Based on geography, the Asia-Pacific Polyolefin market is segmented into geographical regions, such as,
• China
• Japan
• India
• South Korea
• Australia
• Thailand
• Malaysia
• Singapore
• Indonesia
• Taiwan
• Rest of APAC
Key market players for Asia-Pacific Polyolefin Market are listed below:
• China Petrochemical Corporation (SINOPEC)
• LyondellBasell Industries
• SABIC
• Exxon Mobil
Covered in this report
The report covers the present scenario and the growth prospects of the Asia-Pacific Polyolefin market for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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Related Report
Global Polyolefin Market – Industry Trends and Forecast to 2025
Global Polyolefin Market By Type (Polyethylene Polyproplylen), By end user (Packaging, Consumer Goods, Building & Construction, Automotive, Medical & Pharmaceuticals, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)- Industry Trends and Forecast to 2025
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