Natural Gas Is The Fastest Growing Segment Fueling The Growth Of The Polyolefin Resins Market
Polyolefin Resins Market The global polyolefin resins market is estimated to be valued at US$ 255.82 Bn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Polyolefin resins are thermoplastic polymers produced using ethylene and propylene as raw materials. They offer advantages such as high durability, flexibility, heat resistance and chemical resistance. These properties make polyolefin resins ideal for use in applications such as films, sheets, extrusion coatings and injection molding. Market key trends: One of the major trends in the polyolefin resins market is growing popularity of bio-based and degradable polyolefin resins. Rising environmental concerns are driving demand for sustainable alternatives to conventional polyolefin resins. Companies are investing in R&D to develop polyolefin resins from renewable feedstocks such as vegetable oils and c...