Global market for polyolefin to register CAGR of around 7% from 2016 to 2022

09-Jan-17

The global market for global polyolefin market is expected to grow over the CAGR of around 7% during the period 2016 to 2022, as per Market Research Future. The Global Polyolefin Market is expected to cross US$300 bln mark at the end of the forecasted period.
The Global Polyolefin Market is driven by the increasing demand for eco-friendly packaging and ease of availability of raw materials in emerging nations. The increasing awareness among the consumers on recyclable products, increasing greenhouse emissions and eco-friendly packaging in the day to day consumer goods has led to the growth of the market globally.

Today the consumption has gone for finished plastics in all applications such as packaging, industrial and automotive. The production of polyolefin was valued above 135 mln tons in 2015 and is expected to trend similarly and cross 180 mln tons by the end of 2022. APAC will be the fastest growing market.