The linear low density of nonchlorinated polyolefins and their non-toxic nature has prompted the expansion of the market. Market reports connected with the chemicals and materials industry have been made available by Market Research Future who publishes reports on other sectors that have been currently published along with a report on this industry. The market is projected to flourish at an optimal CAGR rate over the forecast period.
The market for nonchlorinated polyolefins is significantly benefitted due to its use in the manufacture of transparent films for household, medical, and agricultural applications. The rising demand for plastic, paints & coatings, adhesives, rubber, is increasing the market size. The escalating requirement for adhesion-promoting resins that are extensively used in coatings applications is expected to expand avenues for growth in the forecast period.
Segmental Analysis
The nonchlorinated polyolefins market is segmented on the basis of application, types, region, and end-users. Based on types, the market is segmented into nonchlorinated polypropylene, nonchlorinated polystyrene nonchlorinated polyethylene, and others. By applications, the market is segmented into paints & coatings, plastic, adhesives, rubber, and others. By end-user, the market is segmented into automotive, packaging, building & construction, electrical among others. Based on region, the market is segmented into Europe, APAC, Latin America, North America, Middle East, and Africa.
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Detailed Regional Analysis
The Asia Pacific region is the major market for nonchlorinated polyolefins owing to the enormous demand for polymer plasticizers in the construction industry, particularly in China trailed by India. The increasing demand for construction, packaging, and paint industry in Japan, China, India, Taiwan, and South Korea have propelled the APAC region significantly. The North American region follows the APAC region in terms of size which is fuelled by the growing demand for this product. In the North American region, the nonchlorinated polyolefins market is motivated by electrical, automotive, and other industries. Additionally, the next biggest market of nonchlorinated polyolefins is the European region owing to considerable utilization in the packaging and construction industry. Furthermore, Latin America and the Middle East is also observed to grow substantially due to its numerous applications in plastic, adhesives, paints & rubber, coatings, and others.
