Nonchlorinated Polyolefins Market Size Volume, Share, Demand growth, Business Opportunity by 2027 | Exxon Mobil Corporation (US), Eastman Chemical Company (US), Nippon Paper Industries Co., Ltd. (Japan)
Non-chlorinated polyolefin (N-CPO)
products promote excellent adhesion in coatings for use on polypropylene
plastic applications. N-CPOs are high weight molecular hydrocarbons, with a low
linear density. They are non-toxic and non-contaminating. They are primarily used as adhesion-promoting
resins for coatings applications. N-CPOs find a huge demand from paints,
coatings and adhesive industry to manufacture automotive coatings; automotive
primers; plastics coatings; packaging coatings; inks; adhesives; OEM coatings.
Burgeoning construction and automotive
industries are the major consumers of non-chlorinated polyolefin. Over the past
few years, the packaging industry has become one of the prominent end-user
sectors of N-CPOs, generating huge demand. Augmented demand across some
prominent sectors is the key factor driving the market growth of
Non-chlorinated polyolefin worldwide.
Recognizing the potential of the market
to expand further, Market Research Future (MRFR) has published a detailed study
report giving out the market forecast for the period 2017 – 2023. In its
analysis, MRFR asserts that the global Nonchlorinated Polyolefins market is
expected to get evaluated colossally at a modest CAGR during the review period
of 2017-2023.
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Non-chlorinated polyolefin is also used to
develop adhesion promoters which have been evolved significantly since the day
of its inception in 2001. Some recent
developments of N-CPO promoters include new features, such as excellent
gasoline and chemical resistance properties. These promoters present no threat
of dioxin formation during burning, as they are free of chlorine, demonstrating
solubility in a variety of environmentally friendly solvents, including
non-toluene solutions.
The development of N-CPO promoters has
defied the common belief that non-chlorinated products provide inferior
adhesive performance compared with chlorinated polyolefin products. On the
contrary, this development has proven to be a viable alternative to the widely
used chlorinated polyolefin products.
Currently, end-user industries of N-CPO,
such as automotive, packaging, construction, & electronics & electrical
are growing, and hence, growth trends in the production and supply of these
industries are expected to impact the market growth positively. Significant for
the growth of nonchlorinated polyolefins market. Moreover, factors influencing
the growth of these end-user industries are bound to impact the market growth
of N-CPO to
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On the other hand, factors such as
commodification of the product along with the price volatility of raw
materials; are estimated to restrict the market growth during the forecast
period. Nevertheless, increasing applications of nonchlorinated polyolefins in
the packaging sector are expected to provide impetus to the market growth to an
extent.
Global Nonchlorinated Polyolefins Market - Segments
Global Nonchlorinated
Polyolefins Market is segmented into four key dynamics for an easy grasp
and enhanced understanding.
By Types :
Nonchlorinated Polyethylene, Nonchlorinated Polypropylene, and Nonchlorinated
Polystyrene, among others.
By Applications : Adhesives,
Paints & Coatings, and Rubber, among others.
By End-Use Industries: Automotive, Packaging, Electrical, and Building
& Construction, among others.
By Regions : North America, Europe, APAC
and Rest-of-the-World (RoW).
Global
Nonchlorinated Polyolefins Market - Regional Analysis
The Asia
Pacific is the dominating market for Nonchlorinated Polyolefins owning the
largest market share. The region is expected to grow further by 2023 valuing at
astronomical amounts. Attributing to the demand from the growing sectors such
as adhesives, paints & coatings, and plastic & rubber making the region
is witnessing spurting growth.
Burgeoning
markets for automotive, packaging, electrical, and construction in some of the
APAC countries such as India, Taiwan, Malaysia and China drive the market growth
of the market, making these countries the key contributors to the market
growth. Owing to the growing demand for lightweight plastic products in the
automotive and electronics industry the region is experiencing rapid growth.
The demand is expected to heighten further during the forecasted period.
North-America
market for nonchlorinated polyolefins is expected to register a notable CAGR
during 2017 to 2023, following the APAC market closely. The market is primarily
driven by automotive, electrical and other industries. Also, the huge demand of
polymer plasticizers in construction industry along with the growing
consumption of the product in packaging, and paint industry has placed the
North-America market among the list of the largest competitors in the global
nonchlorinated polyolefins market followed by Europe.
The
world’s third largest market of nonchlorinated polyolefins, Europe is rapidly
becoming one of the prominent markets owing to the large utilization of the
product in the automotive, packaging, and construction industry.
Simultaneously, Latin America and the Middle East regions observe a steady
market growth due to the absorption of nonchlorinated polyolefins in the
applications such as adhesives, plastic, paints & coatings, rubber, and
others.
Nonchlorinated
Polyolefins Market - Competitive
Analysis
The global
Nonchlorinated Polyolefins market appeared to be highly competitive and
diversified with the presence of many well-established players having the
regional and global presence. Innovation, mergers & acquisitions, and brand
reinforcement remain the key trends for leading players in the market.
Manufacturers
strive to deliver the best quality, consistent pure, and reliable, high-quality
products based on innovative technologies. They develop a proprietary portfolio
of discrete high-quality products available in a packaging ranging from small
bottles to drum quantities. They also strive to develop the ability to
customize products with the requested specifications such as customized/bulk
packaging and individual
Key Players:
The
global nonchlorinated polyolefins market is led by some of the fervent players
including, Exxon Mobil Corporation (US), Eastman Chemical Company (US), Nippon
Paper Industries Co., Ltd. (Japan), Advanced Polymer, Inc. (US), Toyobo Co.,
Ltd. (Japan), S&E Specialty Polymers (US) and 3M (US). Profiling them in its analysis, MRFR finds out the strategies
keep them at the forefront of the market competition.
Industry/
Innovation /Related News:
July 07, 2018 – Eastman Chemical Company (US) announced a leading
wholesale distributor of chemicals and allied products - Reschem Italia SpA,
will be its new authorized distributor for amines including
"Advantex" and "Vantex-T" neutralizing amines.
Additionally, Reschem Italy is also entitled to distribute other Eastman
products which include Eastman chlorinated & nonchlorinated polyolefins,
Eastman Texanol ester alcohol, and cellulose esters among others.
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