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Polyolefin Powders Market Trends

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

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Polyolefin Powders Market Trends

Leading patterns in the polyolefin powders industry include an increasing acceptance of sustainability programs driven by environmental consciousness, which raises the need for recyclable versions. Moreover, improvements in production processes, such as new compounds and additives, are increasing product effectiveness and expanding its application in a variety of industries. Market dynamics are also being impacted by increased research and development spending to improve product features and find new uses, as well as by a deliberate attempt to use cost-effective production techniques in order to maintain competitiveness.

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.