Polyolefin Resins Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Polyolefin resin comprises one or more olefinic groups. These are polymers with high molecular weight hydrocarbons. It can withstand exposure to almost all chemicals at room temperature. These resins adapt to different fabrication techniques and are less expensive. Polyolefin resins find applications in automobile, film & sheet, fibers & tapes in packaging, medical, construction, and coating.

Market Dynamics

Increasing awareness about environmental unviability of polyvinyl chloride (PVC) is expected to drive growth of the global polyolefin resin market, as this will increase demand for polyolefins such as polyethylene and polypropylene. The rubber like properties of polyolefins have resulted in replacement of PVC with polyolefins. Also, these are suitable for high performance industrial applications.

Moreover, low cost of polyolefin resins and ability to be fabricated using modern technologies such as extrusion, blow molding, and injecting molding are expected to drive growth of the global polyolefin resin market. Although PVC is preferred for various applications, stringent regulations by governments is expected to provide vast growth opportunities for polyolefin resin market.

Increasing demand for polyolefin resin in automotive industry due to its cost-efficient physical properties is another major factor that is expected to drive growth of the market over the forecast period.

Market Outlook

On the basis of region, the global polyolefin resin market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific holds dominant position in the global polyolefin resin market, owing to presence of key manufacturers in the region. Growth of automobile industry in emerging economies such as China and India is increasing the demand for polyolefins in Asia Pacific, thereby driving growth of the market in this region.

North America is the third largest market for polyolefin resins and rising demand for polyolefin in the region is met by importing these compounds from Asia Pacific. Due to the shale gas boom in North America, raw materials were available at cheaper rates. This in turn is expected to boost the production of polyolefin resins in countries such as the U.S. and Canada.

Moreover, Middle East is expected to be one of the largest exporters of polyolefin resins over the forecast period. The polyolefin resin market growth in Europe is considerably low due to sluggish economic growth.

Key Players

Some of the major players operating in the global polyolefin resin market include China National Petroleum Corporation, Dupont, The Dow Chemical Company, LyondellBasell Industries NV, and Saudi Basic Industries Corporation.

Research Methodology

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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:

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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:

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  • 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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