Key players in the North America Polyolefins Market are Reliance Industries (India), Sinopec Corp (China), Braskem (Brazil), Sasol Limited (South Africa)
(PRWEB) January 09, 2015
The U.S., Canada, and Mexico are the three biggest markets for polyolefins in North America, with the U.S. market garnering a share of 78%, followed by Canada and Mexico. Polyolefins are the most commonly used plastic, used for various industrial applications.
Browse through the TOC of North America Polyolefins Market for an analysis of industry trends, segments & forecasts.
The North American market was valued at $39,662.8 million in 2013, which is expected to reach $59,512.7 million by 2018. The market is expected to grow at a CAGR of 8.5%. Mexico is expected to grow at the highest CAGR of about 8.5%. The top players in the market are Cheveron Phillips Chemical Company LP (U.S.), E.I. Dupont De Nemours & Co. (U.S.), ExxonMobile Corp. (U.S.), The Dow Chemical company (U.S,), etc. Easy availability of cheap natural gas-based feedstock in North America is the main advantage of the market.
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An increase in the demand for packaged materials can be referred to as a driving factor for the industry. The global shift or the polyolefins production from developed nations to the emerging economies can be an opportunity for the market to develop further.
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The North American polyolefins market report provides insights into the market segmentation, based on geography, applications and types of products. The big players that exist in the market with their recent developments strategies and profile have been described in detail in the report. The market is geographically segmented into major countries such as U.S., Canada and Mexico. A detailed analysis about the volume and value of the market has been provided. The main application segments include film and sheets, injection molding, and blow molding. The film and sheet segment is the highest consumer of polyolefins in 2013.
However, the blow mold is expected to grow at the highest CAGR of 4.7%. The segmentation based on types is LDPE (Low Density Polyethylene), LLDPE (Linear Low Density Polyethylene) and HDPE (High Density Polyethylene). The market is dominated by HDPE, but LLDPE is expected to grow at the highest CAGR.
Europe Polyolefins Market
The European polyolefins market has a significant part in the country’s economy. Polyolefins, owing to its properties such as good heat resistance, electric insulation, corrosion inhibition, low density, easy raw material availability and low raw material price has become the most rapidly growing resin among general purpose resins in the Europe in recent years. Germany is the largest consumer of polyolefins in Europe, followed by France, Italy and The Netherlands.
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