Dublin, May 30, 2024 (GLOBE NEWSWIRE) -- The "Global Grafted Polyolefins Market by Type (Maleic Anhydride Grafted PE, Maleic Anhydride Grafted PP, Maleic Anhydride Grafted EVA), Application (Adhesion Promotion, Impact Modification, Compatibilization, Bonding), End-Use Industry - Forecast 2029" report has been added to ResearchAndMarkets.com's offering.
The global grafted polyolefins market is projected to grow from USD 1.8 billion in 2024 to USD 2.3 billion by 2029, registering a CAGR of 4.8% during the forecast period.
The grafted polyolefins market is experiencing substantial growth driven by a convergence of key factors across various industries. The proliferation of electronic devices, coupled with advancements in flexible and lightweight materials, propels the demand for Maleic Anhydride Grafted PE. Additionally, the rising significance of sustainable and high-performance packaging solutions fuels the market. The expansion of end-use industries such as textiles, automotive, and construction, coupled with increasing consumer awareness regarding product safety and longevity, further contributes to the market's growth. 
Automotive end-user industry accounted for the largest share by end-use segment in terms of value
The grafted polyolefins market experiences robust growth primarily driven by the growing demand for lightweight and fuel-efficient vehicles has resulted in the use of advanced materials, such as grafted polyolefins, to reduce the overall weight of automotive parts while maintaining performance. Additionally, the growing emphasis on sustainability and recyclability in the automotive sector has increased demand for grafted polyolefins, as these materials can be easily recycled and reused, contributing to a more circular economy.
For example, these materials are increasingly being used in the production of electric vehicles (EVs) and hybrid electric vehicles (HEVs), where they play an important role in the manufacture of battery components, charging systems, and other critical EV/HEV components. This increased application scope in the fast growing EV/HEV market is likely to drive up demand for grafted polyolefins in the automotive industry.
Asia-Pacific is the largest market for Grafted polyolefins
Its large and rising customer base, strong industrial sector, abundant raw materials, and favourable regulatory environment. The region's rapidly rising customer base generates demand for a variety of grafted polyolefin-based products, including packaging materials, textiles, and consumer goods. Furthermore, the region's industrial sector, particularly in the automotive, construction, and electronics industries, is a major user of grafted polyolefins, which are used to manufacture lightweight automobiles, coatings, adhesives, and sealants, among other things.
The region's supply of raw materials, notably polyolefins, lowers the manufacturing costs of grafted polyolefins, making it more cost-effective for manufacturers to do business there Furthermore, the region's favorable regulatory environment, such as the increasing adoption of bio-degradable polyethylene due to rising environmental concerns, is expected to drive the demand for grafted polyolefins.
Other Segment Highlights
- Maleic Anhydride Grafted PE accounted for the largest share by type in terms of value
- Extrusion accounted for the largest share by processing technology in terms of value
Research Coverage
This report segments the market for grafted polyolefins market on the basis of material, type, application, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, expansions, and mergers & acquisitions associated with the market for grafted polyolefins market.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 251 |
| Forecast Period | 2024-2029 |
| Estimated Market Value (USD) in 2024 | $1.8 Billion |
| Forecasted Market Value (USD) by 2029 | $2.3 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Premium Insights
- Growing Demand from Automotive and Packaging Sectors to Drive Market
- Maleic Anhydride Grafted PE to be Fastest-Growing Segment During Forecast Period
- Automotive to be Fastest-Growing Segment During Forecast Period
- China to Record Fastest Growth During Forecast Period
Market Dynamics
- Drivers
- Increasing Demand for Enhanced Polymers in Automotive and Construction Sectors
- Technological Advancements in Polymer Science
- Rising Focus on Sustainable Solutions
- Restraints
- Stringent Regulatory Compliances
- Opportunities
- Development of Grafted Polyolefins with Antimicrobial and Conductive Properties
- Challenges
- Production Cost and Technical Complexities
Value Chain Analysis
- Raw Material Suppliers
- Grafting Manufacturers
- Distributors
- End-users
Pricing Analysis
- Average Selling Price Trend, by Region
- Average Selling Price Trend, by Type
- Average Selling Price Trend of Key Players, by Top 3 Types
- Average Selling Price Trend, by End-use Industry
Technology Analysis
- Key Technology
- Complementary Technology
- Adjacent Technology
Patent Analysis
- Methodology
- Granted Patents
- Publication Trends Over Last Ten Years
- Insights
- Legal Status
- Jurisdiction Analysis
- Top Applicants
- Key Patents for Grafted Polyolefins
Trade Analysis
- Import Scenario
- Export Scenario
Tariff and Regulatory Landscape
- Tariff and Regulations Related to Grafted Polyolefins
- Regulatory Bodies, Government Agencies, and Other Organizations
- Regulations Related to Grafted Polyolefins Market
Case Study Analysis
- Study on Peroxide-Initiated Grafting of Polyethylene Onto Silane-Treated Surfaces
- Comparative Study of THA and MA Grafting on Polyolefins: Effects on Crystalline Structure and Processing
- Effect of Maleic Anhydride Grafting on Polyolefins and PP/HDPE Blend
Companies Featured
- Mitsubishi Chemical Group Corporation
- Guangzhou Lushan New Materials Co. Ltd.
- Lyondellbasell Industries Holdings B.V.
- Mitsui Chemicals Asia-Pacific, Ltd.
- Arkema
- Clariant
- Borealis AG
- Si Group, Inc.
- Dow
- Coace
- Swastik Interchem Private Limited
- The Compound Company
- Will & Co B.V.
- Jiangsu Faer Wax Industry Co. Ltd.
- Nagase America LLC
- Payesh C-One Polymer
- Westlake Corporation
- Fine-Blend Polymer (Shanghai) Co. Ltd.
- Synthomer PLC
- Saco Aei Polymers
- Shenyang Ketong Plastic Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/li4ieb
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