New York, USA, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Market Overview:
The global grafted polyolefins market size is predicted to grow from USD 1829.55 million in 2023 to USD 2797.00 million by 2032. It is anticipated to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2032, according to the latest research report by Polaris Market Research.
Market Introduction:
What are Grafted Polyolefins?
Grafted polyolefins are utilized in a broad gamut of applications involving grocery bags, canisters, toys, glues, home appliances, engineering plastics, automotive components, medical applications, and prosthetic implants. They can be either amorphous or excessively crystalline, and they act as thermoplastics, thermoplastic elastomers, and thermosets. In spite of their practicality, polyolefin is composed of monomers made of only carbon and hydrogen atoms. The monomer molecules are linked in the polymer chain to designate the molecular framework of polyolefins. By effortlessly controlling how ethylene, propylene, and escalated alpha olefins are curveted in the polymer chain, polyolefins with completely contemporary attributes can be produced.
The grafted polyolefins market is witnessing substantial demand owing to the escalating rental prices is notably pushing the augmentation of the construction industry. Thus, there is an elevated demand for construction instruments and tools involving glues and sealants. They are becoming highly approved in building and construction ventures due to their affinity with numerous substrates and their sizeable adhesive attributes, which are pushing the market industry. Additionally, the growing aggregate of researchers estimating the elements of grafted polyolefins and the growing endeavors to encourage their usage in industrial applications are inclined to push their demand in the near future.
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Grafted Polyolefins Market Report Attributes:
| Report Attributes | Details |
| Market value in 2023 | USD 1,829.55 million |
| Market value in 2032 | USD 2,797.00 million |
| CAGR | 4.9% from 2024-2032 |
| Base year | 2023 |
| Historical data | 2019-2022 |
| Forecast period | 2024-2032 |
Key Highlights of the Report:
- Factors such as the growing usage of grafted polyolefins in the automotive industry and textile manufacturing are driving the market for grafted polyolefins.
- The market is primarily segmented based on processing technology, including extrusion, melt grafting, and others.
- North America dominated the market with the largest grafted polyolefins market share.
Grafted Polyolefins Market Key Players:
- Arkema
- Borealis AG
- Clariant
- COACE
- Dow
- Guangzhou Lushan New Materials Co., Ltd.
- LyondellBasell Industries Holdings B.V.
- Mitsubishi Chemical Group Corporation
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Top Market Developments:
Growth Drivers and Trends:
Advancement of new vehicle models: The growing disposable income of the populace is generating a demand for vital, ultra-modern, and exclusive commodities globally. There is a sizeable demand for grafted polyolefins as more firms are advancing contemporary vehicle replicas with productive performance because of their considerable chemical aversion and weightless attributes.
Growing investment activities: Growing demand for heat-repellent polymers with lesser sensitivity to UV radiation and weightless creation of grafted polyolefins is a vital attribute, particularly in the automotive industry. The growing innovation ventures by prominent players are performing a crucial role in market augmentation. These kinds of development ventures are supporting the grafted polyolefins market growth.
Biodegradable options: Biodegradable alternatives offer eco-friendly discarding tracks, and energy recuperation procedures provide an option when recycling is not possible. These inventions illustrate continuing endeavors by researchers and industry figureheads to reduce waste, preserve assets, and decrease environmental influence through enhanced recycling technologies, which is pushing market growth.
Which Region Leads the Grafted Polyolefins Sector?
North America: The North American region dominated the grafted polyolefins industry with the largest revenue share. This is due to growing funding in the automobile industry and the existence of enhanced framework potential in the region.
Europe: Europe is anticipated to witness the fastest growth in the grafted polyolefins market due to escalating technological progressions, strict directives, and the existence of several important players, such as Arkema, which offers polyamide-grafted polyolefins utilized metal grafting.
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Segmental Overview:
By Type Outlook
- Maleic Anhydride Grafted PE
- Maleic Anhydride Grafted PP
- Maleic Anhydride Grafted EVA
- Others
By Processing Technology Outlook
- Extrusion
- Melt grafting
- Others
By Application Outlook
- Adhesion Promotion
- Impact Modification
- Compatibilization
- Bonding
- Others
By End Use Outlook
- Automotive
- Packaging
- Construction
- Textiles
- Adhesives & Sealants
- Others
By Region Outlook
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Italy, Spain, Netherlands, Russia and Rest of Europe)
- Asia Pacific (China, Japan, India, Malaysia, South Korea, Indonesia, Australia, Vietnam and Rest of Asia)
- Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, and the Rest of the Middle East and Africa)
- Latin America (Mexico, Brazil, Argentina, and the Rest of Latin America
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