Asia-Pacific Polyolefins (PO) Market Expected To Grow At A CAGR Of 4.4% And 4.7%.

Summary

Asia-Pacific Polyolefins (PO) Market-Segmented by Type, Application and Geography-Trends and Forecasts (2017-2022).

Description

Asia-Pacific Polyolefins (PO) market is estimated to be xx million metric tons in 2016 and is expected to reach xx million metric tons showing a compound annual growth rate of 6.1% during the forecast period 2016-2021. Polyethylene (PE) and Polypropylene (PP) are the worlds most widely used commodity plastic resins. The market for these sections is expected to grow at a CAGR of 4.4% and 4.7% respectively. PE and PP occupy shares of about 36% and 20% respectively of the total world plastic resins market.

Polyolefins are polymers of alkenes. The polyolefin market is expected to grow significantly in future due to the shift in focus toward flexible packaging and growing demand from automotive sector. Moreover, the shale gas boom along with low oil prices has created an opportunity wherein cheaper raw material is easily available, thus widening profit margins for the producers in turn providing a boost to the industry. Injection-molded plastics industry is flourishing at a fast pace in emerging economies. Polyolefins, owing to their excellent and wide-ranging physical and chemical properties, has applications in nearly all end-user industries. High capacity-to-demand ratio will act as a barrier for the growth of polyolefin industry; however, growing demand due to increased applications is expected to fade its effect.

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In the Europe polyolefins market study, we have considered the following key end-user sectors:

  • Packaging: flexible and rigid
  • Construction
  • Transportation: automotive, aerospace and marine
  • Electrical & electronics
  • Consumer goods
  • Healthcare
  • Others

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Packaging industry is the largest end-user of polyolefins in terms of consumption.

The market is also segmented on the basis of applications into film & sheet, blow molding, injection molding, fibers and others with injection molding being the major segment. On the basis of type, the market is segmented into polyethylene (HDPE, LDPE, LLDPE and others), polypropylene, polybutene and others.

Currently, Asia-Pacific is the largest polyolefins market in terms of production and sales, and holds the largest aggregate number of major production plants; they account for more than 45.3% of the global market. The region has huge installed plant capacities of polyolefins. In addition, large number of emerging manufacturers from Asia-Pacific is expected to reduce import dependency and drive the market growth in future. China is experiencing the highest polyolefins demand in Asia-Pacific, mainly due to its industrial growth; the country occupies a market share of about 23%.

Growing focus towards green polyolefins and the possibility of commercialization of polymer solar cells are the major opportunities for the market in coming years. Key participants in the Asia-Pacific polyolefins market include LyondellBasell Industries NV, China Petroleum & Chemical Corporation, The Dow Chemical Company and SABIC, among others.

No. of Report Pages:  135

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