The global polyolefin powders market size was USD 7,834.8 Million in 2020 and is expected to reach a value of USD 11.39 Billion by 2028, and register a CAGR of 4.70% during the forecast period. Polyolefin powders have a wide-range of applications such as rotomolding, Sheet Molding Compound (SMC), Bulk Molding Compound (BMC), masterbatch, dusting agents, sintering agents, and others.
Polyolefin Powders are extensively used for applications in the manufacturing of toys, tanks and containers, automotive parts, paints and coatings, cosmetics, and batteries, among others. These powders are used in the automotive industry to improve quality and make light-weight parts of the vehicle. This ensures conservation of fuel and cost-effective vehicles. This combined with, rapidly growing global automotive industry are factors expected to propel market growth to significant extent.
Top Companies Operating in the Global Polyolefin Powders Market:
Exxon Mobil, Lyondellbasell, Ineos Group Holdings S.A., Merck KGaA, Borealis AG, Eastman Chemical, Axalta Coating Systems, Mitsui Chemicals, SABIC, and Wacker Chemie.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Increasing scope of applications of polyolefin powders in the containers and tanks is among the major factors expected to drive growth of the global polyolefin powders market. The construction industry is among the fastest-growing industries across the globe and the construction parts are often made from these polymers as they provide high structural strength. Thus, growth of the construction industry and rising need for polyolefin powders for structural applications are expected to support growth of the global market. Demand for 3D printing is growing rapidly, owing to various benefits offered by the technology such as ease of use and versatility of being able to produce customized products. Polyolefin powders are being used in SLS (Selective Laser Sintering) powder bed 3D printing applications. These factors are expected to result in increasing demand for polyolefin powders, thereby driving market growth to a substantial extent. Commercial Li Ion batteries use polyolefin powder as a separator, as it offers excellent mechanical properties, chemical stability and is cost-effective. Growing requirement for Lithium Ion batteries for applications in various end-use industries including automotive and IoT-powered commercial establishments are factors propelling revenue growth of the global polyolefin powders market. Concerns regarding the effect of polyolefin powders are shifting the focus slowly from chemicals to green (bio-based) chemicals, which are environment-friendly. Bio-based chemicals are not only environment-friendly but also cost-effective as compared to their conventional ones. Increasing focus of manufacturers on research and development of eco-friendly chemicals to be used in manufacturing process is expected to create revenue opportunities for players operating in the global market.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Polyolefin Powders market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Polyolefin Powders market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Polyolefin Powders market key players
3.2 Global Polyolefin Powders size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Polyolefin Powders market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Polyolefin Powders Market Segmentation
By Chemical Type Outlook:
- Polyethylene
- Polypropylene
- EVA
- Others
By Application Outlook:
- Rotomolding
- Masterbatch
- SMC
- BMC
- Dusting Agents
- Sintering Agents
- Others
By End-Use Outlook:
- Toys, Tanks & Containers
- Automotive & Transportation
- Paints & Coatings
- Cosmetics
- Battery
- Building & construction
- Others
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