Polyolefin Powders Market

Polyolefin Powders Market Size-(2023-2028)

The size and share of the Polyolefin Powders Market size were around USD 9.08 Billion by revenue, at the end of 2022. It is anticipated to grow at a CAGR of 7.1 % to reach close to USD 11.94 Billion by the end of 2028. 

Polyolefin Powders Market Drivers:

The global market for polyolefin powders is strongly stimulated by the increased use of these powders in various end-use industries, such as toys, tanks and containers, automotive and transportation, and paints and coatings. Also, the rapid growth of these industries is stimulating the market for polyolefin powders. In terms of volume, the market for polyolefin powders is growing due to the increased use of these powders in rotational molding applications. Since polyolefin powder is used in the production of various automotive parts, rapid growth in the automotive sector in emerging economies is expected to fuel the market growth during the outlook period. The increase in population, industrialization, and increased purchasing power of consumers mean that technological development continues to stimulate the growth of this market. The increasing application of polyolefins powder in the container sector is one of the driving factors that have driven the growth of the world market for polyolefins powder. The products on the market are widely used in the automotive industry to improve the quality and lightness of parts. This guarantees the conservation of fuel and reduces the cost of the vehicles. The construction industry is one of the fastest-growing industries in the world and one of the most exported products in the world. Construction parts are often made from these polymers because they offer high structural strength.

Restraints in the Polyolefin Powders Market

The growing awareness of the negative impact of plastic on the environment and the implementation of strict government regulations are hampering the market for polyolefin powders. Strict environmental regulations regarding the use of harmful chemicals in the production of polyolefin are one of the main limitations of the market. The unfavorable conditions resulting from the COVID-19 epidemic are also expected to hamper the market growth. The use of harmful chemicals in the production of these polymers is banned overtime in the main production regions, which will be the main limitation for the market.

Opportunities in the Polyolefin Powders Market

An increase in the call for 3D printing is likely to be offering great opportunities to the polyolefin powders industry.

Challenges in the Polyolefin Market

Worries relating to the environmental effect of small plastic beads is a challenge to the polyolefin powders industry. The volatility of raw material costs is probable to hinder industry expansion throughout the foreseen period.

POLYOLEFIN POWDERS MARKET REPORT COVERAGE:

Polyolefin PowdersMarket Growth Based on Segmentation as per the latest study until 2028.

Polyolefin PowdersMarket - By Chemistry:

• Polyethylene
• Polypropylene
• EVA

Among the mentioned different chemicals the polyethylene segment is projected to have the highest growth rate in the above-discussed forecast period. The increasing demand for the polyethylene segment in the roto-molding application is the main reason for the growth of the market in this segment.

Polyolefin PowdersMarket - By Application:

• Rotomolding

• Masterbatch

• Others

Among the mentioned applications the roto-molding segment has accounted for the majority of the market value in 2020 and is calculated to continue to be the leading application in the global market for polyolefin powders.

Polyolefin PowdersMarket - By End-Use 

• Coatings

• Tanks & Containers

• Construction

• Transportation

• Cosmetics

• Battery

The demand for polyolefin powders is mainly dominated by the tanks & containers segment of the end-user industry. However, the coatings segment dominates in regions like China and India due to the regional demand for automobiles and transportation in these regions.

Polyolefin PowdersMarket - By Region:

The Polyolefin Powders Report includes the segmentation of Regions with their respective Countries.

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East & Africa 

Asia Pacific (APAC) accounted for the bulk of the polyolefins powder market in 2019. This market in APAC should grow to the highest CAGR between 2020 and 2025, in value. Strong demand for APAC is the main driver of growth in the global polyolefin powder market. China dominated the local polyolefin powder market in 2019 due to the increased demand for polyolefin powder in the past 5 years for rotational molding and applications of masterbatch, tank and container toys, automotive and transportation, paints and coatings, and cosmetics. This market in other emerging economies such as India, Malaysia, and Thailand is expected to experience strong growth in the future. North America and Europe are major consumers of polyolefins powder; however, the market in these regions is expected to grow at a slow rate due to the implementation of strict government regulations on the use of polymers.

The Latin America polyolefin powder market is predicted to develop strongly during the anticipated period because of the development of the infrastructure and automotive sectors in Brazil. North America accounted for the second-largest market share in 2020 due to the high demand for powdered polyolefins in the food packaging, automotive, electronics, construction and aerospace sectors. in the region. The European market is expected to grow at a significant rate due to the high production and sales of auto parts in the area. The Latin American market is supposed to record considerable growth with rising automotive sales in Brazil and Argentina. The market in the Middle East and Africa is also expected to grow due to the presence of infrastructure centers in the locale.

Recent Developments:

Mitsubishi Chemicals Corporation, a Japan Based key market influencer, has announced the launch of a new PVC slush powder plant in China. The company is already in possession of two production sites that produce polyolefin adhesives, PVC slush powder, and thermoplastic elastomer. The new establishment is projected to enhance the market position of the company.

Polyolefin Powders Market Key Market Players:

1. LyondellBasell Industries N.V. (Netherlands)

2. Sumitomo Seika Chemicals Company Ltd. (Japan)

3. Ineos (UK)

4. Dairen Chemical Corporation (Taiwan)

5. Borealis AG (Austria)

6. Abifor AG (Switzerland)

7. Asahi Kasei Corporation (Japan)

8. Merck & Co., Inc. (Germany)

9. Micro Powders Inc. (US)

10. Mitsui Chemical (Japan)

11. Moretex Chemical Products Inc. (US)

12. SABIC (Saudi Arabia)

13. Rapid Coat (India)