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Showing posts with the label Polyolefin Market Trend

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 propert...