Polyolefin Powder Market by End-user and Geography - Forecast and Analysis 2022-2026

The polyolefin powder market share is expected to increase by 2946.12 thousand tons from 2021 to 2026, at a CAGR of 4.93%.

This polyolefin powder market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers polyolefin powder market segmentation by end-user (packaging, building and construction, automotive, and others) and geography (APAC, North America, Europe, South America, and MEA). The polyolefin powder market report also offers information on several market vendors, including Borealis AG, Coperion GmbH, Eastman Chemical Co., Exxon Mobil Corp., INEOS Group Holdings SA, LyondellBasell Industries NV, Micro Powders Inc., Mitsui Chemicals Inc., Moretex Chemical, and Saudi Basic Industries Corp. among others.

What will the Polyolefin Powder Market Size be During the Forecast Period?

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Polyolefin Powder Market: Key Drivers, Trends, and Challenges

The strong demand from the automotive industry is notably driving the polyolefin powder market growth, although factors such as growing awareness of the negative impact of plastic on the environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the polyolefin powder industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Polyolefin Powder Market Driver

One of the key factors driving the global polyolefin powder market growth is the strong demand from the automotive industry for interior and exterior automotive applications to replace traditional materials. Polyolefin helps to reduce weight, conserve fuel, and provides added comfort and safety, making it an ideal choice for automobile applications. Factors such as the increase in disposable incomes and a rise in middle-class population, especially in developing nations such as China, Brazil, and India are expected to fuel the demands in the automotive sector and increase the number of first-time buyers. For instance, the total disposable incomes of Indian households have been increasing since 2018, therefore it is estimated that car penetration levels will also increase significantly in India by 2022. Moreover, the launch of affordable cars by OEMs in the market is expected to drive the growth of the automotive industry, which, in turn, will drive the growth of the market during the forecast period.

Key Polyolefin Powder Market Trend

Another key factor driving the global polyolefin powder market growth is the increasing demand from rotomolding (rotational molding) applications, as it works well for big, one-piece hollow objects and double-walled open containers such as tanks, kayaks, and coolers. It is most cost-effective for yearly production numbers fewer than 3,000, making it perfect for innovators, start-ups, and small enterprises. Polyethylene powder is often utilized in rotational molding due to the available forms of various density types. Rotational molding is expected to account for the majority of demand because of its high flexibility, superior wrap resistance, uniform shrinkage, and cost-effectiveness in manufacturing automobile fuel tanks, water, sewage, oil, chemicals tanks, and plastic containers. Moreover, it does not require thermally stable additives and can be formed using high-temperature and high-speed rotational molding equipment without severe oxidation. Hence, the increase in the number of rotomolding applications will fuel the demand for polyolefin powder during the forecast period.

Key Polyolefin Powder Market Challenge

One of the key challenges to the global polyolefin powder market growth is the growing awareness of the negative impact of plastic on the environment. Polyethylene is toxic if its components leak into beverages and products that could cause health and pregnancy risks, hence agencies are imposing strict laws to regulate their use. The Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) impose stringent regulations on the use of plastics. The European Union (EU) specifies guidelines on the use of plastics for indirect food additives. In Europe, the regulation EU- No 10/2011 specifies guidelines on the use of plastic materials as indirect food additives. In the US, the Code of Federal Regulation (CFR) 21 Part 177 specifies guidelines on the use of plastic polymers in indirect food additives. Such stringent regulations on the use of polyolefin powder is expected to hamper the demand for polythene, thereby impacting the growth of the market during the forecast period.

This polyolefin powder market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global polyolefin powder market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the polyolefin powder market during the forecast period.

Who are the Major Polyolefin Powder Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Borealis AG
• Coperion GmbH
• Eastman Chemical Co.
• Exxon Mobil Corp.
• INEOS Group Holdings SA
• LyondellBasell Industries NV
• Micro Powders Inc.
• Mitsui Chemicals Inc.
• Moretex Chemical
• Saudi Basic Industries Corp.

This statistical study of the polyolefin powder market encompasses successful business strategies deployed by the key vendors. The polyolefin powder market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.

Product Insights and News

• Borealis AG - The company offers polyolefin powder that plays an important role in safeguarding the quality and safety of consumer and industrial products, but also fulfills the demand for enhanced functionality and convenience, under the brand name of Borealis.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The polyolefin powder market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Polyolefin Powder Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the polyolefin powder market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global commodity chemicals market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Polyolefin Powder Market?

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64% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the polyolefin powder market in APAC. However, market growth in APAC will be slower than the growth of the market in other regions.

The significant increase in demand for polyolefin powder by end-user industries such as automotive and construction and the presence of major automobile manufacturers in countries such as China, India, Japan, and South Korea will facilitate the polyolefin powder market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 hampered the growth of the polyolefin powder market in the region. Several countries, such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines, were under a partial or full lockdown due to the COVID-19 pandemic. In March 2020, India imposed a total lockdown to prevent the community spread of the disease. Most manufacturing industries in APAC were affected by these lockdowns and stringent social distancing norms. However, with the initiation of vaccination drives, the number of COVID-19 cases declined in the first half of 2021, which led to the lifting of lockdown restrictions in the region. Eventually, factories and manufacturing units reopened, and construction activities also gained pace, which will help in the recovery of the polyolefin powder market.

What are the Revenue-generating End-user Segments in the Polyolefin Powder Market?

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The polyolefin powder market share growth by the packaging segment will be significant during the forecast period. The rise in the demand for polyolefins such as polyethylene and polypropylene for food packaging and delivery will support the growth of the market in focus. Moreover, the adoption of shrink wrap, and low-density polyethylene (LDPE) for packaging, as it is a sustainable option for many manufacturers (due to its low-cost and recyclability) will further support the polyolefin powder market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the polyolefin powder market size and actionable market insights on post COVID-19 impact on each segment.

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Polyolefin market - The market size is expected to grow by $ 70.60 bn and record a CAGR of 5% during 2020-2024.

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What are the Key Data Covered in this Polyolefin Powder Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive polyolefin powder market growth during the next five years
• Precise estimation of the polyolefin powder market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the polyolefin powder industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of polyolefin powder market vendors

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