Global Polyolefins Market Report 2022

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The major players in the polyolefins market are Exxonmobil Corporation, SABIC, Sinopec Group, Total SA, Arkema SA, LyondellBasell Industries, Braskem SA, Total SA, BASF SE, Sinopec Group, Bayer AG, Reliance Industries, Borealis Ag, Ineos Group AG and Repsol , Petrochina Company Limited, Docor Petrochemical Company, Formosa Plastic Company, Chevron Phillips Chemical Company.

NEW YORK, Sep 14, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of “The 2022 Global Polyolefins Market Report” – https://www.reportlinker.com/p06319456/?utm_source=GNW
and Reliance Industries.

The global polyolefins market is expected to grow from US$ 173.96 billion in 2021 to US$ 193.65 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The polyolefins market is expected to reach $298.34 billion in 2026 at a compound annual growth rate of 11.4%.

The polyolefins market consists of the sale of polyolefins products by entities (organizations, individual dealers, and partnerships) used for packaging and making components molded into toys. Thermoplastic.

It consists only of hydrogen and carbon and is obtained from oil and natural gas.

The main types of polyolefins are polyethylene – HDPE, LDPE, LLDPE, polypropylene and other types. Polypropylene refers to the plastic produced using a method that includes the polymerization of propylene.

Applications include films, sheets, blow molding, injection molding, personal extrusion, and other applications. These are used in packaging, automotive, construction, pharmaceutical or medical, electronics and electrical.

Asia Pacific was the largest region in the polyolefins market in 2021 and is expected to be the fastest growing region in the forecast period. The regions covered in the Polyolefins market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East & Africa.

Polyolefins Market Research Report is one of a series of new reports that provide Polyolefins market statistics, including global Polyolefins industry market size, regional shares, competitors with Polyolefins market share, detailed Polyolefins market segments, market trends and opportunities, And any other data you may need to thrive in the polyolefins industry. This Polyolefins Market Research Report offers a complete perspective on everything you need, with an in-depth analysis of the current and future scenario of the industry.

The increase in the demand for packaged food is expected to drive the growth of the polyolefins market in the future, packaged food is a type of food that saves time in obtaining and preparing food and ready-to-eat food from grocery stores.

Polyolefins are used to package food products with mechanical strength and cost-effectiveness, and as a result, increased demand for packaged foods is increasing the demand for polyolefins market. For example, according to the Press Information Bureau, a contract agency of the Government of India, India exported more than $2.14 billion in finished food products in 2020-2021. Exports of products under the ready-to-eat (RTE), ready-to-cook (RTC) and ready-to-serve (RTS) categories increased more than 23% to $1011 million from April to October (2021-22) compared to $823 million in April-October ( 2020-21). Therefore, the increase in the demand for packaged food leads to the growth of the polyolefins market.

Technological advancement is a major trend that is gaining popularity in the polyolefins market. The main companies operating in the polyolefins market focus on product innovations to strengthen their market position.

For example, in May 2020, the US-based polyolefins manufacturer Braskem developed a polyolefin-based additive manufacturing material. The company has added products such as powder for powder layer fusion technology, pellets with granule extrusion technology, and filaments based on polyolefin with materials. extrusion technology.

These newly developed products can be used to manufacture fusible yarns for personal and industrial uses.

In September 2021, SIBUR, a Russian petrochemical company, merged with the TAIF Group for an undisclosed amount, and through this transaction, the SIBUR and TAIF groups will merge into a single entity.

This transaction will enable the joint entity to produce polyolefins, rubber and plastics in a competitive manner and will combine the two companies’ expertise in efficient distribution and will pave the way for new partnerships. Taif Group is a Russia-based company operating in the polyolefins market.

The countries covered in the Polyolefins market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Read the full report: https://www.reportlinker.com/p06319456/?utm_source=GNW

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