Nonchlorinated Polyolefins Market 2022-2030 - Advanced Polymer, Inc. (the US), S&E Specialty Polymers (US), TOYOBO CO., LTD. (Japan)
Market Scope
MRFR
(Market Research Future) anticipates that the non-chlorinated polyolefin market
will cover substantial grounds to thrive at a significant rate between 2020 and
2027 (analysis period).
Market Boosters and Restraints
Nonchlorinated
Polyolefins or N-CPOs facilitate high adhesion properties in coatings to be
used in polypropylene plastic applications. N-CPOs are non-contaminating, non-toxic
and act as adhesion-promoting resins for applications in coating. These find
considerable demand in industries such as coatings, adhesive and paints for the
manufacturing of OEM coatings, automotive primers; automotive coatings; packaging
coatings; plastics coatings; adhesives; inks, and more.
Significant
expansion of the automotive and construction industries has been a major
game-changer for the global market since these are prominent consumers of different
types of non-chlorinated polyolefin. Over the years, the packaging sector has
turned into one of the leading end-users in the N-CPOs market, creating massive
demand. this is another key factor that will render substantial growth in the
coming years.
Affluent
Companies
Some
of the most eminent companies in the Nonchlorinated Polyolefins industry are Advanced
Polymer, Inc. (US), S&E Specialty Polymers (US), TOYOBO CO., LTD. (Japan),
Eastman Chemical Company (US), 3M (US), Exxon Mobil Corporation (US), NIPPON
PAPER INDUSTRIES CO., LTD. (Japan), to mention a few.
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Players
are focused on technical integration during the value chain, which is touted to
intensify the rivalry in the global industry. Rising deployment of innovative technologies
such as drones, Internet of Things (IOT), robotics, blockchain, artificial
intelligence and cloud computing is expected to change several aspects of non-chlorinated
manufacturing process, for the better. The use of these technologies has
increased majorly for bolstering the safety level, fostering efficiency as well
as reliability and facilitating accurate monitoring across the supply chain.
Opportunities
A
more recent application of Nonchlorinated Polyolefins is in the development of adhesion
promoters, which have continued to evolve since their introduction in 2001. A
few latest developments are new features, including excellent chemical and gasoline
resistance properties. Adhesion promoters are deemed to be safe during burning
as they do not lead to dioxin formation. This is true since they have no chlorine,
and exhibit solubility property in multiple eco-friendly solvents, such as non-toluene
solutions.
Segmental
Analysis
The
Nonchlorinated Polyolefins industry has been considered for types, application,
and end users.
The
major types of Nonchlorinated Polyolefins available in the market are non-chlorinated
polystyrene, non-chlorinated polypropylene, non-chlorinated polyethylene, and more.
Some
of the top applications of Nonchlorinated Polyolefins as mentioned in the MRFR
report are plastic, adhesives, rubber, paints & coatings, and others. Adhesives
form the biggest share in the global market as use of Nonchlorinated
Polyolefins as an adhesive is extensive in applications like printing ink, automobile
bumpers, and more. Their impressive chemical and fire resistance property makes
them the ideal adhesives in heat shrink tubing goods like DWFR tubing, Neoprene
Tubing, and others.
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The
top market end users profiled in MRFR study include automotive, packaging, building
& construction and electrical, among others. Automotive is the leading end-user in the Nonchlorinated
Polyolefins market, accounting for the majority of the worldwide consumption. The
product is used primarily used in automotive coatings and automotive paints. Further,
the consistently expanding automotive industry across the globe has raised the
demand for vehicle paints and coatings, encouraging the manufacturers to bolster
their manufacturing capacity, in terms of Nonchlorinated Polyolefins. In the electronics
industry, Nonchlorinated Polyolefins find use as coating materials for several electronic
components. Given the high abrasion-resistance property, these products provide
protection to delicate electronic parts. Moreover, the property of excellent electrical
resistance of these products helps avoid damages to the electrical components.
Regional
Outlook
The
non-chlorinated polyolefin industry can be geographically distributed into Europe,
Asia Pacific (APAC), the Middle East & Africa (MEA), Latin America as well
as North America.
The
APAC market for Nonchlorinated Polyolefins has taken the lead, benefitting from
the extensive use of polymer plasticizers in the construction sector, particularly
in China and India. Amplified product demand in paint and packaging industries
across Taiwan, South Korea and Japan also elevate APAC’s position in the global
market.
The
second position in the global market has been secured by North America, in view
of the escalating demand for Nonchlorinated Polyolefins in major industries
such as electrical, automotive, and electronics. Manufacturers in the region
are extremely focused on offering the highest quality, reliable and pure products
armed with advanced technologies. They boast of an extensive range of high-quality
discrete products sold in packaging such as small bottles and drums. These
players also concentrate on designing customized products as per the specifications
including customized or bulk packaging and more. These efforts on the part of
the firms in the region is bound to work in favor of the non-chlorinated
polyolefin market in subsequent years.
The
well-established automotive sector in Europe has been responsible for the
rampant demand for Nonchlorinated Polyolefins, while the construction industry
is emerging as a key end-user as well. Lastly, the markets in Middle East and Latin
America are witnessing healthy growth, as the application scope of Nonchlorinated
Polyolefins has been rising rapidly in plastic, adhesives, rubber, paints &
coatings, and others.
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