Polyolefin Powders Market

Polyolefin Powders Market – Overview

The global polyolefin powders market is anticipated to expand at a promising rate from 2021 to 2031 (forecast period). The increased use of polyolefin powders in numerous end-use sectors such as toys, tanks & containers, automotive & transportation, and paints & coatings is expected to drive the worldwide polyolefin powders market. Moreover, the polyolefin powders market is projected to benefit from strong growth in these industries. Furthermore, the polyolefin powders market is gaining traction in terms of volume due to the increased use of these powders in rotational molding applications. In addition, the growing popularity of 3-D printing is expected to create attractive opportunities for the global polyolefin powders market.

Polyolefin Powders Market – Competitive Landscape

Prominent players active in the global polyolefin powders market are Borealis (Austria), LyondellBasell (Netherlands), Ineos (Switzerland), Merck (Germany), SABIC (Saudi Arabia), Mitsui Chemical (Japan), Exxon Mobil (US), Axalta Coating Systems (US), Eastman (US), Wacker Chemie (Germany), and others.

In order to expand and strengthen their worldwide presence, key market players are pursuing inorganic marketing tactics such as collaborations, investments, technical innovations, acquisitions, and R&D activities.

Polyolefin Powders Market – Trends and Opportunities

The construction industry is one of the fastest-growing industries in the world, and construction parts are frequently built from polyolefin polymers due to their great structural strength. As a result, an increase in the construction industry and rising demand for polyolefin powders for structural applications are likely to support global polyolefin powders market growth.

Moreover, the popularity of 3D printing is expanding rapidly, owing to the numerous advantages that the technology provides, such as ease of use and the flexibility to make personalized products. Polyolefin powders are utilized in SLS (Selective Laser Sintering) powder bed 3D printing applications. These factors are likely to increase demand for polyolefin powders, thereby propelling the global polyolefin powders market.

Polyolefin powder is used as a separator in commercial lithium-ion batteries since it has great mechanical qualities, chemical stability, and cost-effectiveness. The increasing demand for lithium-ion batteries from numerous end-use industries such as automotive and IoT-powered commercial premises is expected to boost the global polyolefin powders market.

Polyethylene powder is often utilized in rotational molding. Rotational molding is expected to represent the majority of demand since it provides high flexibility, uniform shrinkage, strong wrap resistance, and cost-effectiveness in the production of automotive fuel tanks, septic, oil, water, and chemical tanks. Moreover, rubber compounding, ink and paint formulation, injection molding, and paper coating are all applications for rotomolded polyolefin powder. Polyolefin powders of various grades can be used to meet the needs of end-user sectors such as paints and coatings, automotive and transportation, and building and construction.

Polyolefin Powders Market – Regional Landscape

The Asia Pacific polyolefin powders market is anticipated to expand due to the rising demand for these powders in masterbatch and rotational molding applications. These applications aid in the manufacture of plastic composites, which are employed in a variety of industrial applications. The development of the paints and coatings, automotive and transportation, toys, cosmetics, tank and container, and building and construction sectors in developing nations such as India and China are also expected to boost the polyolefin powders market.

China is projected to make a significant contribution to the regional market. China is the world's largest producer of electronics. With growing disposable income and rising demand for electronic products, the use of polyolefin powders for battery purposes and other electronics applications is likely to rise further throughout the forecast period.

The North America polyolefin powders market is expected to grow during the forecast period. This is due to the region's fast-increasing industries, such as construction and container manufacturing.