Market Overview:
Polyolefin Powders, also called fluff or flake, offer high bulk density, narrow particle size distribution, and good powder flowability. A polyolefin solution is made with a solvent, nonsolvent, small amount of an inorganic compound, and water; this solution is then cooled to create a polyolefin powder. The polymerized powder needs to be cleaned of residual monomers, catalysts, and solvents using a decanter centrifuge, purge bin, degassing vessel, or deodorizing silo. After cleansing, the dry powder is pneumatically transferred to containers where it is stored in nitrogen to prevent oxidation.
The Global Polyolefin Powders Market is primarily driven by the increasing use of these powders in major industries such as electronics, food packaging, construction, automotive, textiles, and healthcare. The different types of polyolefin powders are polypropylene (PP), polyethylene (PE), and ethylene-vinyl acetate (EVA). The growth of the end-use industries in emerging nations in Asia-Pacific is one of the major factors driving market growth. Growth-centric countries in the region such as China, India, Thailand, Malaysia, and Indonesia are expected to offer lucrative opportunities to market players during the forecast period.
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However, the volatility of raw material prices is likely to hamper market growth during the review period.
Market players are focusing on strategic developments such as acquisitions and product launches. For instance, in June 2018, LyondellBasell Industries Holdings BV received an antitrust clearance from the European Commission to acquire A. Schulman Inc. for USD 2.25 billion to strengthen its compounding business.
Segmentation:
The Global Polyolefin Powders Market has been segmented on the basis of Type, Application, End-Use Industry and Region.
Based on Type, the Global Polyolefin Powders Market has been divided into PP, PE, and EVA. The PE segment has been further segregated into high density polyethylene (HDPE) and low-density polyethylene (LDPE).
On the basis of Application, the market has been categorized as rotomolding, masterbatches, SMC, BMC, dusting agents, sintering agents, binding agents, carpet applications, and others.
By End-Use Industry, the market has been segmented into electronics, food packaging, construction, automotive, textiles, medical, and others.
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Key Players:
Some of the manufacturers operating in the Global Polyolefin Powders Market are LyondellBasell Industries Holdings BV (Netherlands), Exxon Mobil Corporation (US), INEOS (UK), Merck KGaA (Germany), SABIC (Saudi Arabia), Borealis AG (Austria), Eastman Chemical Company (US), Axalta Coating Systems (US), Wacker Chemie AG (Germany), Mitsui Chemicals, Inc. (Japan), Asahi Kasei Corporation (Japan), and Sumitomo Seika Chemicals Co., Ltd (Japan).
Intended Audience
Polyolefin powders manufacturers
Traders and distributors of polyolefin powders
Research and development institutes
Potential investors
Raw material suppliers
Nationalized laboratories
Regional Analysis:
The Global Polyolefin Powders Market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the Global Polyolefin Powders Market in 2017 due to the high demand in major end-use industries. Fast-paced industrialization in emerging economies such as China and India is expected to fuel product demand in diverse applications.
North America accounted for the second-largest market share in 2017 due to the high demand for polyolefin powders in the food packaging, automotive, electronics, construction, and aerospace industries in the region.
The European market is expected to grow at a significant rate due to the high production and sales of automotive parts in the region.
The Latin American market is projected to witness considerable growth due to the growing automotive industry in Brazil and Argentina.
The market in the Middle East & Africa is also likely to grow due to the presence of infrastructure hubs in the region.
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