The polyolefin powders market is projected to grow from USD 6.76 billion in 2017 to USD 8.48 billion by 2022, at a CAGR of 4.62% between 2017 and 2022. APAC is the largest consumer of polyolefin powders. The polyolefin powders market in the APAC region is witnessing high demand from various new end-use industries for rotomolding and masterbatch applications.
APAC is the largest and fastest-growing market for polyolefin powders, in terms of value and volume, and is expected to retain its leadership until 2022. Countries in this region such as China, Japan, South Korea, India, Australia & New Zealand, and Thailand are witnessing an increase in the use of polyolefin powders in toys, tanks & containers, automotive & transportation, paints & coatings, cosmetics, batteries, building & construction, and others end-use industries. This growth in use can be attributed to increasing industrialization, the large industrial base of textile, automotive, rotational molding, and alkaline battery industries, and increasing investments & expansions, mergers & acquisitions, new product launches, and joint ventures activities in the region.
Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=188759555
Some of the major players in the polyolefin powders market include LyondellBasell (Netherlands), SABIC (Saudi Arabia), Exxon Mobil (US), and Wacker Chemie (Germany). These players have adopted various strategies, such as mergers & acquisitions, expansions, and new product launches to grow in the polyolefin powders market. Investments & expansions was the key strategy adopted by the major players to grow in the polyolefin powders market between 2015 and 2018. This strategy accounted for a share of 58% of all growth strategies adopted by key market players. This strategy has helped companies enhance their market and expand global presence.
LyondellBasell (Netherland) is one of the world’s leading manufacturers of polyolefin powders. The company produces polyolefin powder resins through its olefins and polyolefin segments. The company offers polyethylene and polypropylene-based products for applications such as masterbatch and rotomolding. In September 2017, LyondellBasell (Netherlands) started the production of 20 kilotons of polypropylene compounding at its plant in Dalian, China, which is intended for use in the automotive & transportation application. This is the company’s third facility in China to serve the region’s growing automotive market. The company has been actively involved in acquiring emerging companies in the polyolefin powders market. For example, in February 2018, LyondellBasell announced a definitive agreement to acquire A.Schulman, Inc. for USD 2.25 billion. This will double the size of LyondellBasell’s existing compounding business and will create a premier advanced polymer solution business with a broad geographic reach.
Get the Latest Version of the Report and be ahead of Your Competitors at https://www.marketsandmarkets.com/RequestNewVersion.asp?id=188759555
There are several major North America and European players in the polyolefin powders. Exxon Mobil (US) is a leading oil & gas company globally. The company produces and supplies polyolefin powder, which falls under the chemical business segment. Polyethylene and polypropylene resins produced by the company are mainly used for polyolefin powder and other plastic processing. The company is mainly involved in investments & expansions strategy. For example, in March 2018, the company began their detailed engineering work on a potential project to expand its PP capacity by 450,000 tons/year on the US Gulf coast. This will help to cater the growing demand for lightweight plastics in North America and APAC regions. Furthermore, in October 2017, ExxonMobil started production on new 650,000 tons-per-year high-performance polyethylene lines at its plastics plant in Texas, US. This will help to add company’s PE-based product line.
Request for Bundle Report at https://www.marketsandmarkets.com/RequestBundleReport.asp?id=188759555
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/polyolefin-powder-market-188759555.html