Polyolefin Market Size by Key Players, Industry Trend, Growth and Forecasts 2025 “Rising demand from manufacturers like transportation, plastic, building & construction, and packaging and high demand for plastic products in various applications like blow molding and injection molding are documented as major factors of Polyolefin Market that are estimated to enhance the growth in the years to come.�
Global Polyolefin Market is expected to grow at a significant CAGR of 6.7% and reach USD 348.31 billion by 2025. A polyolefin also termed as polyalkenes, a class of polymers produced from a simple olefin also termed as alkene through polymerization. Polyethylene and polypropylene are the most prominent members of polyolefin. Olefins are the hydrocarbons in which carbon atoms are linked together by a double bond. They are probably derived from low-molecular-weight constituents of petroleum or from natural gas. Generally, polyolefin packaging materials are developed by molding or film extrusion. Polyolefins represent more than 50% of all polymers consumed in South Africa. These raw materials are costeffective and their densities are the lowest of all plastics. They can be easily recycled into new plastic products. Moreover, recycling rates can rise if consumers discrete their recyclables from the rest of their waste. Rising demand from manufacturers like transportation, plastic, building & construction, and packaging and high demand for plastic products in various applications like blow molding and injection molding are documented as major factors of Polyolefin Market that are estimated to enhance the growth in the years to come. However, high capacity-to-demand ratio is a factor that may restrain overall market growth in the coming years. Polyolefin Market is segmented based on product types, applications, and region.
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