Grafted Polyolefins Market worth $2.3 billion by 2029, at a CAGR of 4.8%, says MarketsandMarkets™

/EIN News/ -- 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:

1. These Mitsubishi Chemical Group Corporation (Japan)
2. Guangzhou Lushan New Materials Co., Ltd.(China)
3. LyondellBasell Industries Holdings B.V.(USA)
4. Mitsui Chemicals Asia Pacific, Ltd.(Japan)
5. Arkema (France)
6. Clariant (Switzerland)
7. Borealis AG (Austria)
8. SI Group, Inc.(US)
9. Dow (US), COACE (China)

Drivers, Opportunities and Challenges in Grafted Polyolefins  Market:

1. Drivers: Increasing demand for enhanced polymers
2. Restraint: Stringent regulatory compliances
3. Opportunity: Innovative & emerging applications across various industries
4. Challenge: Cost of production & technical complexity

Key Findings of the Study:

1. Packaging, by end-use, is expected to be the most significant Grafted polyolefins Market segment during the forecast period.
2. Maleic Anhydride Grafted PP is anticipated to be the fastest-growing Grafted polyolefins Market segment, by type, during the forecast period.
3. North America is expected to be the fastest-growing segment in the global Grafted polyolefins Market, by region, during the forecast period.
4. 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 for adhesive and coating applications. Furthermore, MAPE has better mechanical qualities such as tensile strength and impact resistance, which improves the performance of the finished product. Its compatibility with polyethylene allows for easy processing and incorporation into existing production processes, increasing its attractiveness.

 Grafted Polyolefins market, by end-use segmented into automotive, packaging, Construction, Textiles, Adhesives & Sealants and others. The automotive end-use segment holds the largest market share in Grafted Polyolefins market, Due to the specialised needs and diverse applications in this field. Grafted polyolefins, such as maleic anhydride grafted polyethylene (MAPE), provide specific solutions to numerous issues in car manufacture. Grafted polyolefins' supremacy in this area is due in part to their ability to improve adhesion between incompatible materials widely utilised in automobile components. MAPE, for example, can improve the bonding of polyethylene-based materials to other substrates like as metals or glass, which is critical for the production of parts such as bumpers, interior panels, and trim components. Furthermore, grafted polyolefins help to reduce weight in automobile components, hence improving fuel efficiency and meeting emissions regulations. Furthermore, grafted polyolefins provide increased mechanical qualities such as impact resistance and durability, boosting performance.

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Grafted Polyolefins market, by processing technology such as Extrusion, Melt grafting and others. The dominance of the polyethylene material segment in the Grafted Polyolefins market can be attributed to several key factors. Extrusion has the biggest market share in the Grafted Polyolefins market due to its efficiency and wide applicability. Extrusion methods include melting and shaping materials by forcing them through a die, resulting in continuous profiles, sheets, or films. This approach is widely used for grafting polyolefins for numerous reasons. First, extrusion provides good control over process parameters such as temperature, pressure, and residence time, enabling for precise modification of polyolefins with grafted functionalities.

 The Asia-Pacific region dominates the largest market share in the Grafted Polyolefins market due to the burgeoning industrial sector, particularly in countries like China, India, and South Korea, drives significant demand for grafted polyolefins across various applications. Rapid urbanization, infrastructural development, and the expanding automotive and construction industries in these countries fuel the need for materials that offer enhanced performance and durability, characteristics provided by grafted polyolefins like maleic anhydride grafted polyethylene (MAPE). Additionally, the Asia Pacific region boasts a robust manufacturing ecosystem, supported by a skilled workforce and advanced production technologies, enabling efficient and cost-effective production of grafted polyolefins to meet the escalating demand.

Clariant is a globally renowned specialty chemicals company, known for its innovative solutions across a wide range of industries. Founded in 1995 through the merger of Swiss companies Sandoz and Hoechst, Clariant has established itself as a key player in the chemical sector. Clariant's business segments are structured into three key areas. The Care Chemicals business segment encompasses industrial & consumer Specialties (ICS), food Additives, and future Industrial biotechnology ventures. The catalyst business segment specializes in catalyst products for chemical, fuel, automotive, and biofuel industries, experiencing cyclicality aligned with the petrochemical investment cycle. The company offers its grafted polyolefins through the catalyst business segment. The adsorbents & additives segment, which includes oil & mining services, functional minerals, and additives, sees high growth and low cyclicality. Its growth is driven by demand for specialty chemicals in oil, mining, food, and packaging industries, increased consumption of oil, gas, and metals, and the use of tailored plastics in mobile phones, automobiles, and construction due to expanding economies. The company's headquarters are in Muttenz, (Switzerland), and it operates in over 100 countries worldwide, with a strong presence in Europe, Asia Pacific, North America, and South America.

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