Grafted Polyolefins Market worth $2.3 billion by 2029, at a CAGR of 4.8%, says MarketsandMarkets™
Chicago, May 07, 2024 (GLOBE NEWSWIRE) -- The Global Grafted Polyolefins Market is projected to be USD 2.3 billion by 2029 from an estimated USD 1.8 billion in 2024, at a CAGR of 4.8% during the forecast period, as per the recent study by MarketsandMarkets™. The global Grafted Polyolefins market is driven by the ongoing advancements in manufacturing techniques and material innovations have expanded the application scope of Grafted Polyolefins, creating opportunities for novel products and solutions. Additionally, the growing focus on sustainable and eco-friendly materials is propelling the market as Grafted Polyolefins are inherently environmentally friendly compared to traditional materials. This is driving the demand for high-quality Grafted Polyolefins market.
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List of Key Players in Grafted Polyolefins Market:
- These Mitsubishi Chemical Group Corporation (Japan)
- Guangzhou Lushan New Materials Co., Ltd.(China)
- LyondellBasell Industries Holdings B.V.(USA)
- Mitsui Chemicals Asia Pacific, Ltd.(Japan)
- Arkema (France)
- Clariant (Switzerland)
- Borealis AG (Austria)
- SI Group, Inc.(US)
- Dow (US), COACE (China)
Drivers, Opportunities and Challenges in Grafted Polyolefins Market:
- Drivers: Increasing demand for enhanced polymers
- Restraint: Stringent regulatory compliances
- Opportunity: Innovative & emerging applications across various industries
- Challenge: Cost of production & technical complexity
Key Findings of the Study:
- Packaging, by end-use, is expected to be the most significant Grafted polyolefins Market segment during the forecast period.
- Maleic Anhydride Grafted PP is anticipated to be the fastest-growing Grafted polyolefins Market segment, by type, during the forecast period.
- North America is expected to be the fastest-growing segment in the global Grafted polyolefins Market, by region, during the forecast period.
- Melt grafting is anticipated to be the fastest-growing Grafted polyolefins Market segment, by processing technology, during the forecast period.
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Grafted Polyolefins market, by type, is segmented into Maleic Anhydride Grafted PE, Maleic Anhydride Grafted PP, Maleic Anhydride Grafted PVA and others. Globally, The Maleic Anhydride Grafted PE " Type segment commands the largest market share in the Grafted Polyolefins market due to its diverse applications and beneficial features. A variety of variables contribute to its supremacy. MAPE has improved adhesive properties, making it suited for a variety of industries such as packaging, automotive, and construction. Its ability to attach to a variety of substrates, including metals, glass, and other polymers, makes it ideal ...
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