Press release
Polyolefin Market Is Dominated by APAC
The growth in the industry is attributed to the growing demand for this chemical from industries for instance electronics & electrical, packaging, and automotive. These substances are also implemented for adhesion alterations in the nonwoven and textiles industry.
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The manufacturing and packaging sectors are significantly expanding all over the world, which is driving the demand for the industry. The key driving factors for packaging consumption include the shifting customer preferences, the necessity for a low package weight and long product shelf life, and the demand for an extensive range of container sizes.
Moreover, the growing e-commerce sector will open up a wealth of retailing prospects. Thus, the consumption of these materials is expected to be boosted by the positive retail sector outlook and the rising sales to packaging companies.
The pandemic of COVID-19 has had a positive impact on the industry, due to the significant rise in the use of packaged food items, such as instant noodles and biscuits, which increased the average purchase value per consumer.
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Polyethylene accounted for a significant polyolefin market share, of approximately 20%, in 2022. This is credited to its corrosion resistance, product adaptability, impact resistance, and ease of cleaning. Garbage & grocery bags, packaging films, cable & wire insulation, houseware, agricultural waste disposal, toys, and squeeze bottles are the most common applications.
The polyolefin industry is dominated by APAC, and it will propel at a CAGR of more than 5% in the years to come. With the increasing industries, population, and packaging needs, sales of these materials will boost the growth in APAC faster than in other regions. This is credited to the mounting consumption of these polymers in countries such as China and India, because of the existence of various manufacturing centers.
It is because of the increasing necessity for commodity in renewal energy generation and rising demand from automotive, packaging, electrical & electronics industries, the polyolefin industry will grow significantly in the years to come.
The research offers the size of the global polyolefin market for the period 2017-2030.
Market Segmentation by Product
Polyethylene (PE)
Polypropylene (PP)
Ethylene-Vinyl Acetate (EVA)
Thermoplastic Polyolefin (TPO)
Others
Market Segmentation by Application
Films & Sheets
Injection-Molding
Blow-Molding
Profile Extrusion
Others
Market Segmentation by Region
North America Polyolefin Market
By product
By application
By country - U.S. and Canada
Europe Polyolefin Market
By product
By application
By country - U.K., Germany, France, Spain, Italy, and Rest of Europe
Asia-Pacific (APAC) Polyolefin Market
By product
By application
By country - China, India, Japan, and Rest of APAC
Latin America (LATAM) Polyolefin Market
By product
By application
By country - Brazil, Columbia, Chile, and Rest of LATAM
Middle East and Africa (MEA) Polyolefin Market
By product
By application
By country - Saudi Arabia, South Africa, and Rest of MEA
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About P&S Intelligence
P&S Intelligence is a market research and consulting firm shaping growth strategies for enterprises with a global as well as niche presence. We specialize in both syndicate and custom market research, creating insight-laden reports that allow customers to stay ahead at every curve. Our clients range from multi-billion-dollar behemoths across industries to up and coming MSMEs and startups. Moreover, with our new offering, government, and public sector advisory services, we continue to trudge ahead in our quest for revolutionizing the way economies shape themselves in these ever-changing times.
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Chapter One…
