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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Polyolefin resin is produced from hydrocarbon materials with one or multiple alkelyn or olefinic groups in them. Butadiene, isobutylene, propylene, cyclic olefins, ethylene are some of the major raw materials used in the manufacturing of polyolefin resins. Polyolefin is predominantly used in the production of paints, owing to its chemical resistance, wear & tear endurance, and adhesive properties. They are also used in various industries including electronics, building & construction, coatings, automotive, etc.

Market Outlook

Global polyolefin resin paints market is expected to witness significant growth during the forecast period, owing to growing use of polyolefin resin paints in various industries. Polyolefin resin paint finds major applications in the building and construction industry. Significant growth of building & construction industry around the world is expected to boost the demand for polyolefin resins paint and hence drive the market growth. Furthermore, increasing demand for polyolefin resin paints from the automotive industry is expected to drive the market growth in the near future. Polyolefin resin paint is as coatings for engineering plastics such as polycarbonate in the automotive industry. Increasing demand for automotive vehicles around the world is expected to increase the demand for polyolefin resin paints and hence support the market growth.

However, manufacturing of polyolefin resin paint poses health and environmental hazards, which is expected to restrain the global polyolefin resin paints market growth over the forecast period. Moreover, stringent environmental regulations on the manufacturing of polyolefin resin paints are expected to hinder market growth.

Market Regional Analysis

Asia Pacific is projected to gain a significant market share in the global polyolefin resin paints market over the forecast period. Increasing demand for polyolefin resin paints from emerging economies such as India and China is projected tfo drive the market growth in the near future. Moreover, increasing purchase parity is another factor boosting growth of the market. North America is projected to witness significant growth over the forecast period, owing to presence of key players in the region. Increasing investment by key players and high adoption of growth strategies is expected to support the market growth in the North America. Africa and Latin America are projected to witness significant market growth, due to increasing demand from emerging economies in the regions.

Market Players

Key players in the global polyolefin resin paints market are Borealis Group, Polyfil Additives Technology, Nippon Paper Chemicals Co., Ltd., and Eastman Chemical Company.

Key Developments:-

  • In 2013, LyondellBasell, a U.S. based chemical company launched a new polyolefin resins for food packaging application. The new type of resin would protect the products and would offer convenience, thereby providing ease of using ready to eat foods.
  • In November 2019, Berry Global, a packaging manufacturer partnered with SABIC, a chemical company. SABIC is engaged in the innovation and use of polyolefin resins made from chemical recycling. The partnership aims to design and manufacture environmentally sustainable packaging under the initiative ‘sustainability strategy Impact 2025’ by Berry Group.
  • In 2018, Borealis AG, a manufacturer of Polyolefins has accomplished acquisition of Ecoplast Kunststoffrecycling GmbH, a plastic recycler based in Austria. The acquisition aimed to enter in the recycling business by Borealis AG, wherein the company can rise the recycling rate and increase the circularity of polyolefins.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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