Polyolefin resins are polymers containing one or more olefinic groups. These are high molecular weight hydrocarbons which include polyethylene, polypropylenes that comprise  resins and copolymers. Polyolefin resins have the ability for withstanding exposures to almost all chemicals at most room temperature. They are less expensive and adaptable to different fabrication techniques. Automobile, film & sheet, fibers & tapes in the packaging, medical and construction are some of the key end user industries of polyolefin resins. Polyolefin resins are also used for coating and packaging purposes. 

 

Among thermoplastics groups, polyolefins account for the largest product segment. Polyethylene and polypropylene are the most commonly used polyolefins. Polyolefin resins were invented in the research laboratory of Imperial Chemical Industries in 1931; however the large scale manufacturing did not start until 1950. Shift in the trend to use polyolefins over polyvinyl chloride (PVC) boosted the demand for polyolefin resins. PVC, an important compound used in the automotive and construction industry, is considered harmful for the environment and hazardous to life. Polyolefins have replaced PVC due to their rubber like properties and hence are suitable for high performance industrial applications. The market for polyolefin resins is growing at a steady pace on account of its low cost and its capability of being fabricated by using modern techonologies such as extrusion, blow molding, calendaring and injecting molding. Non-polyolefin resins produced from elastomers can be used as a substitute for polyolefin resins, however reasons such as  higher production cost of the former prevents the entry of substitutes in the market.

 

Polyolefin resin market is witnessing substantial growth on a global scale, owing to its increasing scope of applications coupled with technological advancement. Asia Pacific is the largest market for this compound accounting to the presence of key manufacturers in these regions. Other regions such as Latin America and Middle East account for the next largest market for polyolefin resins. 

 

Automobile industry, the largest end user of this product, is growing rapidly in developing economies such as China, India, Brazil and South Africa which has further fuelled the demand for polyolefins in Asia Pacific and other regions mentioned. China is the largest manufacturer of this compound in the world. However the production of polyolefin resins is increasing in Asian countries such as India, Malaysia and Indonesia. Availability of raw materials at low cost is attracting numerous North American and European based companies to set up polyolefin production site in Asia Pacific. Fluctuating prices of petroleum and oil is driving the Middle Eastern economies to reduce their dependence on petroleum products.  The production of polyolefins and other compounds such as automobile coating materials is increasing rapidly; Middle East is expected to emerge as one of the largest exporters of polyolefin resins during the forecast period.  North America is the third largest market for polyolefin resins.. North America fulfills most of its polyolefin demand by importing from countries in Asia Pacific. However the shale gas boom in North America has provided the opportunity of availability of cheaper raw materials. This is expected to fuel up the production of polyolefin resins in countries such as U.S. and Canada. The market for polyolefin is considerably low in Europe resulting from the sluggish economic growth. It is predicted that the presence of key market players such as The Dow Chemical Company will fuel up the demand for this compound in Europe by 2020.

 

Some of the largest manufacturers of polyolefin resins in the global market include China National Petroleum Corporation, Dupont, The Dow Chemical Company, LyondellBasell Industries NV and Saudi Basic Industries Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Polyolefin Resin Market

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