Home > Chemicals & Materials > Advanced Materials > Functional Materials > Polyolefin Powders Market

Polyolefin Powders Market Share

Report ID: GMI8796
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Polyolefin Powders Market Share

Polyolefin Powders Market Company Share, (2023)

The key market players include BASF SE, Borealis AG, Braskem S.A., Chevron Phillips Chemical Company LLC, Dow Chemical Company, ExxonMobil Corporation, Formosa Plastics Corporation, LyondellBasell Industries N.V., SABIC (Saudi Basic Industries Corporation), Sinopec Group, TotalEnergies SE, Westlake Chemical Corporation, INEOS Group AG.

Major players in the polyolefin powder market deploy diverse strategies, including intensive research and development to enhance product performance and expand applications. They prioritize global expansion through strategic partnerships, mergers, and acquisitions. Sustainable practices are emphasized to adhere to environmental regulations and meet consumer preferences for eco-friendly products. Key focuses include technical innovation, improved customer service, and customization options to ensure competitiveness. Moreover, to capitalize on emerging opportunities and maintain a competitive edge, diversification into niche sectors and continuous investment in advanced manufacturing methods are crucial within the highly competitive polyolefin powders industry.

Companies that manufacture polyolefin powders, such as BASF SE and Borealis AG, have as their main goals developing new products to adapt to changes in the market, using sophisticated manufacturing to improve quality and productivity, and growing globally through strategic alliances and acquisitions. They put sustainability first by creating eco-friendly products and stepping up recycling initiatives. To maintain their positions as leaders in the industry and to remain competitive, both businesses make significant investments in R&D.

Polyolefin Powders Market Companies

Major players operating in the market include:

BASF SE
Borealis AG
Braskem S.A.
Chevron Phillips Chemical Company LLC
Dow Chemical Company
ExxonMobil Corporation
Formosa Plastics Corporation
LyondellBasell Industries N.V.
SABIC (Saudi Basic Industries Corporation)
Sinopec Group
TotalEnergies SE
Westlake Chemical Corporation
INEOS Group AG

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for polyolefin powders was valued at around USD 8.9 billion in 2023 and is anticipated to register a CAGR of over 4.7% through 2032, driven by increasing demand from sectors such as construction, automotive, and packaging.

Polyethylene (PE) powder segment accounted for USD 3.8 billion in 2023 and is expected to reach a value of around USD 5.8 billion in 2032, backed by flexibility, resilience, and chemical inertness of the product, making it suitable of a wide usage in textiles, automotive, construction, and packaging sectors.

Asia Pacific polyolefin powders market generated USD 2.8 billion in 2023 and is expected to reach USD 4.3 billion in 2032, favored by rapid industrialization, urbanization, and rising demand for consumer goods.

BASF SE, Borealis AG, Braskem S.A., Chevron Phillips Chemical Company LLC, Dow Chemical Company, ExxonMobil Corporation, Formosa Plastics Corporation, LyondellBasell Industries N.V., SABIC (Saudi Basic Industries Corporation), Sinopec Group, TotalEnergies SE, and Westlake Chemical Corporation.