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Polyolefin Market -Industry News, Applications and Trends!

Multinational companies in the field are constantly improvising their product portfolio to meet existing demand from numerous application sectors, such as film and sheet and injection molding, which is projected to drive industry growth.

The Global Polyolefin Market size is expected to reach USD 348.31 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 6.7% during the forecast period.


There has been a rise in usage of eco-friendly polyolefins that cause lower emissions and ensure minimal environment degradation. This can be attributed to growing consumer awareness regarding environment protection, an increase in efforts to curb plastic waste disposal, and stringent government regulations. Apart from compliance to environmental norms, companies are investing in extensive R&D activities, which has prompted the development of novel plastic products that outperform conventional plastics in terms of physical and chemical properties.

Rapid industrialization across Asia Pacific has resulted in significant growth of the plastics market. Growth of the e-commerce industry, rise in purchasing power of individuals, shift in consumption traits, and technical advancements by companies working with polyolefins have ensured development of diverse, complex, and eco-friendly products.

To Know More About Polyolefin Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polyolefin-market 

The polyethylene market in Asia Pacific is largely dominated by China, India, and Japan on account of surge in industrialization. Expanding construction and furniture sectors, along with presence of major automotive industries and increasing demand for sophisticated infrastructure, have driven the polyethylene industry in the region.

Top Players of Polyolefin Market:

Multinational companies such as Sinopec Corporation, LyondellBasell Industries Holdings N.V., BASF SE, ExxonMobil Chemicals, and Petrochina Company Limited enjoy an extensive global presence in the industry.

Market Segmentation of Polyolefin Market:

The Global Polyolefin Market segmented on the basis of Product, Application, and Region.

By Product:

Polyethylene
Polypropylene
Ethylene Vinyl Acetate
Thermoplastic Olefins

By Application:

Film & Sheet
Injection Molding
Blow Molding
Profile Extrusion

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

Inquire about Polyolefin Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2262/ibb 
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