Polyolefin Powders Market Overview
Polyolefin Powders Market size is forecast to
reach $10.2 billion by 2026, after growing at a CAGR of 5.1% during 2021-2026. Polyolefins like linear low-density polyethylene, and
Ethylene Vinyl Acetate powder with high bulk density are macromolecules
produced from oil and natural gas and are a family of polyethylene and
polypropylene thermoplastics. They are used in a variety of applications for
their low weight, high chemical resistance, flexibility, and low cost. Increased
use of Polyolefin Powder in agricultural
film or sheet for thermal insulation is driving the market. Moreover, Polyolefin
Powders with high bulk density are used in coatings due to their chemical
resistance and excellent adhesion properties are
also driving the growth of the market. Furthermore, the growing trend for online, ready-to-eat food and packaging are driving the demand for packaging, which is also fueling
the demand for Polyolefin Powders Market.
Emergence of the COVID-19
The COVID-19 pandemic continues to unfold every day with a severe impact on people, communities, and businesses. The pandemic has hindered the Polyolefin Powders Market
growth. The pandemic forced businesses to shut down their operations, further
decline the demand for polyolefin powders. Moreover, major end-use industries
for polyolefin powders are facing a sluggish growth like aerospace &
defense and paint & coating industry. Thus, the decline in the end-use
industry growth further hampers the Polyolefin Powders Market growth.
Report Coverage
The report: “Polyolefin Powders Market – Forecast (2021-2026)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Polyolefin Powders
Industry.
By Material: Polypropylene, Polystyrene,
Polyethylene (High-Density Polyethylene (HDPE), Low-Density Polyethylene
(LDPE), Medium Density Polyethylene (MDPE), Linear Low-Density Polyethylene
(LLDPE), and Others), Ethylene Propylene Diene Monomer (EPDM), Ethylene Vinyl Acetate, and Others.
By
Application: Film Applications (Agricultural Film, Stretch Film, Industrial Film, Cling Film, and Others), Medical
Applications (Introducers, Dilators, and Others), Auto Parts & Components
(Interior, Exterior, Fuel Tanks, and Others), Food Packaging, and Others.
By End-Use Industry: Automotive (Passenger Cars, Light Commercial
Vehicles, and Heavy Commercial Vehicles), Building & Construction
(Residential, Commercial, Industrial, and Infrastructure), Aerospace &
Defense, Electrical & Consumer Electronic, Paint & Coatings, Chemical Process
Industry, Agriculture, Packaging, Pharmaceutical & Medical, and Others.
By
Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy,
France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific
(China, Japan, India, South Korea, Australia & New Zealand, Indonesia,
Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina,
Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).
Key Takeaways
- Europe region is projected to witness significant growth in the market due to the growing paint & coatings and automobile industry. Whereas, Germany held the largest share in the region throughout the forecast period.
- Environmental concerns regarding small plastic beads are hindering the polyolefin powder markets growth.
- COVID-19 has hindered the market growth for the Polyolefin powder Market, due to the decline growth in the automobile, aerospace, and construction industry.
Polyolefin Powders Market Segment Analysis - By Material
Polyethylene
segment held the largest share of more than 40% in the Polyolefin Powders Market
in 2020. Polyethylene with a high bulk density like linear low-density
polyethylene and HDPE are lightweight and durable thermoplastic with a
variable crystalline structure along with one of the most widely used polymers
in the world. Polyethylene powder is used as an additive to unsaturated
polyesters, epoxides, and other polymers to add the novel properties of
ultra-high-molecular-weight polyethylene. Polyethylene powder is widely used
for manufacturing various containers, trays, dispensing bottles, plastic wraps
& bags, and various molded laboratory equipment. Polyethylene powders are
also used in applications ranging from films, tubes, plastic parts, packaging,
and laminates. Therefore, due to such properties and wide application, there
is a high demand for polyethylene powder in the Polyolefin
Powders Market.
Polyolefin
Powders Market Segment Analysis - By Application
Film Application segment held the largest share of more than
35% in the Polyolefin Powder Market in 2020. Polyolefin powder is used in
producing plastic films for agricultural, construction, industrial, and
packaging. Polyolefin films are used in different applications for their
excellent transparency, enhanced machinability & heat resistance properties. Polyolefin films
based on the linear low-density polyethylene, and Ethylene Vinyl Acetate
powder have the ability to shrink quickly
& completely, they are highly durable, zero toxic, and have excellent
stability with low cost. Polyolefin
films on high bulk density are used to prevent seepage in canals, ponds, and reservoirs along with also used in the construction of
building as vapor retarders, window films, and flooring & countertop
protection. The growing urbanization drives the demand for residential
buildings, which will likely drive the demand for film application and in return
fuel the growth of the polyolefin powder market.
Polyolefin Powders Market Segment Analysis - By End-Use Industry
Packaging segment held the largest share of more than 40% in the Polyolefin Powder Market in 2020. Polyolefin powder is most commonly used in the packaging material. Polyolefins are used in food packaging, medical devices & drugs packaging, electronic packaging, and others. Polyolefin products based on linear low-density polyethylene, and Ethylene Vinyl Acetate powder provides excellent chemical resistance, has high-temperature performance, recyclability, transparency, high strength, high bulk density, and durability. In Food Packaging, polyolefins protect food products from unfavorable conditions, such as vapors, microorganisms, physical damage, and dust during distribution and storage. Therefore, an increase in demand for the food & beverage industry will increase the demand for food packaging, which in return will boost the Polyolefin Powder Market. As per the Indian Brand Equity Foundation (IBEF) report in 2017, the Indian food industry was valued at $ 39.71 billion in 2017 and expected to grow at a CAGR of 11% to reach $ 65.4 billion in 2018. Therefore, an increase in the food industry will increase the need for food packaging and further fuel the demand for the Polyolefin Powder Market.
Polyolefin
Powders Market Segment Analysis - By Geography
Asia-Pacific held the largest share of more
than 45% in the Polyolefin Powders market in 2020. China, India, Japan, and
Vietnam is dominating the market in the region. Polyolefin Powders are used for
their excellent strength, durability, and lightweight for manufacturing
construction, automobile, and electronic components. Polyolefin is used in pipe
& fittings, paints, and coating for building to protect the structure from
corrosion. Moreover, polyolefin-based heat shrink tubes are used in the
protection of wires and new electronic components. Thus, the growing building
and construction, automotive, and consumer electronics industry further drives
the market growth in the APAC region. As per the Indian Brand Equity Foundation (IBEF) report in 2020, the Indian consumer electronic industry was $10.93 billion and
is expected to reach $21.18 billion in 2025, which is showing significant
growth of consumer electronics in the country. Furthermore, the availability of
cheap labor and a huge consumer base has pushed many manufacturers to set up
plants in the APAC region, which is also driving the growth of the Polyolefin Powders
market in the region.
Polyolefin Powders Market Drivers
Growing Medical/Biomedical Industry Driving the Markets Growth
Polyolefins like linear low-density polyethylene, and Ethylene Vinyl Acetate powder are
playing a vital role in manufacturing biomedical devices. The use of
polyolefins in the biomedical field has grown significantly, mainly due to
their biocompatible nature. Polyolefins are used in the manufacturing of medical
applications like dilators, bone substitutes, control drug delivery devices,
introducers, and tissue adhesives. Moreover, Polyolefins are also widely used
in medical devices such as syringes, MDPIs, or nasal sprays, and devices
involved in the operation from bowls & handles to IOL components.
Furthermore, polyolefins with high bulk density also provide design flexibility
while manufacturing the product, sterility, and integrity. Thus, the growth in
the medical industry further drives the market growth. For instance, as per the
SelectUSA report, the United States medical
device market was estimated to be $156 billion in 2017 and is expected to reach
up to $208 billion in 2023. Therefore, an increase in demand for medical devices
will raise the demand for the polyolefin powder market.
Increase Use of Polyolefin in 3D Printing
3D-printing is a booming business due to the new innovative printing techniques and materials are being developed across various end-use industry applications. In 3D printing, typically plastic and plastic waste is used as a material. Polyolefin is ideal for manufacturing based on its recyclability, impact strength, chemical resistance, and dimensional stability. Furthermore, the basic properties of polyolefins can be modified with a broad range of chemical modifiers. Polyolefin films produced from linear low-density polyethylene and Ethylene Vinyl Acetate powder can be coextruded with various other polymers, which make polyolefin an attractive material for 3D printing applications. Therefore, an increase in the 3D printing industry will drive the polyolefin powder market. For instance, as per the 3D hubs report, a private company, the 3D printing industry is set to grow between 18.2 - 27.2 percent in 2019. Whereas, North America and Europe are dominating the 3D market with 49.4% and 41% respectively. Thus, the growth in the 3D printing industry further drives the market growth.
Polyolefin Powders Market Challenges
Volatile Raw Material Prices and Growing Environment Concerns
Polyolefins are derived from natural gas or from low-molecular-weight constituents of petroleum, and their most prominent members are ethylene and propylene. So, any fluctuation in the prices of crude oil or natural gas will hinder the market's growth. For example, fluctuation in the price of crude oil from 2015-2020, due to trade war between US-China and other geopolitical issues in the ME&A region further impact the prices of Polyolefins and in return hindered the market growth. Furthermore, growing awareness regarding the negative effect of plastic waste to the environment is also hindering the market's growth. Furthermore, the extent of plastic pollution has triggered a concern against the environment, which has hindered the polyolefins powder market growth.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Polyolefin Powders Market report. Major players in the Polyolefin Powders Market are Sumitomo Seika Chemicals Co. Ltd., Asahi Kasei Corp., Dairen Chemical Corp., Exxon Mobil Corp., Ineos AG, LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corp., Borealis AG, Eastman Chemical Co., Wacker Chemie AG, Merck KGaA, Braskem S.A., and Micro Powders Inc., among others.
Acquisitions/Technology Launches
- In May 2020, Braskem S.A., launched a new polypropylene (PP) powder for
Selective Laser Sintering (SLS) industrial 3D printing. With this launch
Braskem increased its product portfolio for the 3D print industry, which will
further, drive the Polyolefin Market Growth.
- In April 2019, Saudi Basic
Industries Corp. launched
a new anti-abrasive polyolefin compound ‘SABIC
P1600A’ for mining industries. With this
new launch, SABIC enhanced its product offering, which will further drive the market's growth.
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LIST OF TABLES
1.Global Polyolefin Powders Market By End-Use Industry Market 2023-2030 ($M)1.1 Automotive & Transportation Market 2023-2030 ($M) - Global Industry Research
1.2 Paints & Coatings Market 2023-2030 ($M) - Global Industry Research
1.3 Cosmetics Market 2023-2030 ($M) - Global Industry Research
1.4 Battery Market 2023-2030 ($M) - Global Industry Research
1.5 Building & Construction Market 2023-2030 ($M) - Global Industry Research
2.Global Polyolefin Powders Market By End-Use Industry Market 2023-2030 (Volume/Units)
2.1 Automotive & Transportation Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Paints & Coatings Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 Cosmetics Market 2023-2030 (Volume/Units) - Global Industry Research
2.4 Battery Market 2023-2030 (Volume/Units) - Global Industry Research
2.5 Building & Construction Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Polyolefin Powders Market By End-Use Industry Market 2023-2030 ($M)
3.1 Automotive & Transportation Market 2023-2030 ($M) - Regional Industry Research
3.2 Paints & Coatings Market 2023-2030 ($M) - Regional Industry Research
3.3 Cosmetics Market 2023-2030 ($M) - Regional Industry Research
3.4 Battery Market 2023-2030 ($M) - Regional Industry Research
3.5 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
4.South America Polyolefin Powders Market By End-Use Industry Market 2023-2030 ($M)
4.1 Automotive & Transportation Market 2023-2030 ($M) - Regional Industry Research
4.2 Paints & Coatings Market 2023-2030 ($M) - Regional Industry Research
4.3 Cosmetics Market 2023-2030 ($M) - Regional Industry Research
4.4 Battery Market 2023-2030 ($M) - Regional Industry Research
4.5 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
5.Europe Polyolefin Powders Market By End-Use Industry Market 2023-2030 ($M)
5.1 Automotive & Transportation Market 2023-2030 ($M) - Regional Industry Research
5.2 Paints & Coatings Market 2023-2030 ($M) - Regional Industry Research
5.3 Cosmetics Market 2023-2030 ($M) - Regional Industry Research
5.4 Battery Market 2023-2030 ($M) - Regional Industry Research
5.5 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
6.APAC Polyolefin Powders Market By End-Use Industry Market 2023-2030 ($M)
6.1 Automotive & Transportation Market 2023-2030 ($M) - Regional Industry Research
6.2 Paints & Coatings Market 2023-2030 ($M) - Regional Industry Research
6.3 Cosmetics Market 2023-2030 ($M) - Regional Industry Research
6.4 Battery Market 2023-2030 ($M) - Regional Industry Research
6.5 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
7.MENA Polyolefin Powders Market By End-Use Industry Market 2023-2030 ($M)
7.1 Automotive & Transportation Market 2023-2030 ($M) - Regional Industry Research
7.2 Paints & Coatings Market 2023-2030 ($M) - Regional Industry Research
7.3 Cosmetics Market 2023-2030 ($M) - Regional Industry Research
7.4 Battery Market 2023-2030 ($M) - Regional Industry Research
7.5 Building & Construction Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Polyolefin Powders Market Revenue, 2023-2030 ($M)2.Canada Polyolefin Powders Market Revenue, 2023-2030 ($M)
3.Mexico Polyolefin Powders Market Revenue, 2023-2030 ($M)
4.Brazil Polyolefin Powders Market Revenue, 2023-2030 ($M)
5.Argentina Polyolefin Powders Market Revenue, 2023-2030 ($M)
6.Peru Polyolefin Powders Market Revenue, 2023-2030 ($M)
7.Colombia Polyolefin Powders Market Revenue, 2023-2030 ($M)
8.Chile Polyolefin Powders Market Revenue, 2023-2030 ($M)
9.Rest of South America Polyolefin Powders Market Revenue, 2023-2030 ($M)
10.UK Polyolefin Powders Market Revenue, 2023-2030 ($M)
11.Germany Polyolefin Powders Market Revenue, 2023-2030 ($M)
12.France Polyolefin Powders Market Revenue, 2023-2030 ($M)
13.Italy Polyolefin Powders Market Revenue, 2023-2030 ($M)
14.Spain Polyolefin Powders Market Revenue, 2023-2030 ($M)
15.Rest of Europe Polyolefin Powders Market Revenue, 2023-2030 ($M)
16.China Polyolefin Powders Market Revenue, 2023-2030 ($M)
17.India Polyolefin Powders Market Revenue, 2023-2030 ($M)
18.Japan Polyolefin Powders Market Revenue, 2023-2030 ($M)
19.South Korea Polyolefin Powders Market Revenue, 2023-2030 ($M)
20.South Africa Polyolefin Powders Market Revenue, 2023-2030 ($M)
21.North America Polyolefin Powders By Application
22.South America Polyolefin Powders By Application
23.Europe Polyolefin Powders By Application
24.APAC Polyolefin Powders By Application
25.MENA Polyolefin Powders By Application
26.Lyondellbasell Industries Holdings B.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Exxon Mobil, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Ineos Group Holdings S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Merck KAaA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Borealis AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.SABIC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Eastman Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Axalta Coating Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Wacker Chemie, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Mitsui Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Additional Companies, Sales /Revenue, 2015-2018 ($Mn/$Bn)