The global polyolefin market is expected to register a CAGR rise of 6.81% over the projected years of 2018-2026
10:58 ET
LONDON, Sept. 11, 2018 /PRNewswire/ -- KEY INSIGHTS
The global polyolefin market is expected to register a CAGR rise of 6.81% over the projected years of 2018-2026. Factors like growing demand for polyolefins from the packaging industry, their diverse applications, and easy availability of raw materials at cheaper prices have been chiefly responsible for the market progress.
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MARKET INSIGHTS
In this report, the global polyolefins market is segmented on the basis of end-users, applications and material types.The end-users of this market are industries catering to packaging, automotive, electronic, agriculture, construction materials, healthcare, consumer goods, etc.
The market finds its applications in manufacturing films & sheets, injection molding, blow molding, fibers & raffias, etc. The different material types of polyolefins available in the market are HDPE, LLDPE, LDPE and PP.
REGIONAL INSIGHTS
North America, Asia-Pacific, Europe and rest of the world are the geographies based on which the global polyolefins market has been segmented.The Asia-Pacific is a clear leader in the global market accounting for a marginally significant revenue share than rest of the regions.
The flourishing automotive sector is a major motivator for the market expansion. The region is also blessed with the presence of numerous polyolefins manufacturing companies.
COMPETITIVE INSIGHTS
Akzo Nobel N.V, Arkema Sa, Aryasasol, Braskem S.A, Asahi Kasei, Chevron Phillips Inc, Dow Chemical Company, China Petroleum & Chemical Corporation (Sinopec), E. I. Du Pont De Nemours And Company, Evonik Industries, Exxonmobil, Formosa Plastics Corporation, Mitsubishi Chemical Holdings, Lyondell Basell Industries N.V., Ptt Group, Rogers Corporation, Polyone Corporation, Saudi Basic Industries Corporation (Sabic), Petroliam Nasional Berhad (Petronas) and Toray Industries are some of the renowned companies in this region.
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