Polyolefins are polymers formed by the polymerization of single olefins. They are generally useful in structural plastics, industrial products, and food packaging. Olefins, also called alkenes, are hydrocarbons with a carbon-hydrogen double bond. Polyolefins are light and rigid by nature. Polyolefins have a waxy texture and expand when heated. These retain their odorless and non-porous nature when heated and cooled.
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By geography, Asia-Pacific is going to have lucrative growth during the forecast period. China is one of the fastest emerging economies and has presently become one of the biggest production houses in the world. Rapid industrialization, a growing e-commerce sector, and robust demand for packaging applications in the food and beverage sector are the key factors responsible for the market growth.
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Some of the key players profiled in the Polyolefins Market include Dow DuPont, Sinopec Corporation, Total SA, Arkema SA, LyondellBasell, SABIC, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, BASF SE, Formosa Plastics Corporation, LG Chem Ltd, Japan Polypropylene Corporation, Daelim, Mitsubishi Chemical Holdings Corporation, Sasol Ltd, Tosoh Corporation, Mitsui Chemicals Incorporated, Braskem, China National Petroleum Corporation, Reliance Industries Limited, PetroChina Company Limited, Nova Chemicals Corporation, and China Petrochemical Corporation.
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