It is anticipated that increasing awareness about the environmental unviability of polyvinyl chloride (PVC) will drive growth in the worldwide polyolefin resin market. This is because increasing awareness will result in an increase in demand for polyolefins such as polyethylene and polypropylene. Because polyolefins offer qualities that are similar to rubber, they have begun to replace PVC in many applications. In addition to this, they are appropriate for high-performance industrial applications.In addition, the low cost of polyolefin resins and the ability to be fabricated utilizing modern technologies such as extrusion, blow molding, and injection molding are projected to fuel expansion of the worldwide polyolefin resin market. In spite of the fact that PVC is the material of choice for a wide range of applications, the Polyolefin Resin Market is anticipated to benefit from significant potential for expansion.
Leading Companies in the Polyolefin Resins Industry:
1. China National Petroleum Corporation
China National Petroleum Corporation was founded in 1988 and its headquarter in Beijing, China. The company operates in 70 countries. launched 81 new brands of chemical products in responding to market demand and sold 29.01 million tons throughout the year
2. The Dow Chemical Company
The Dow Chemical Company founded in 1897, and it’s located in Midland, Michigan, United States. The company operates in 160 countries. Dow India has inked a joint venture agreement with state-run Gujarat Alkalies and Chemicals
3. LyondellBasell Industries NV
LyondellBasell Industries NV,was launch in 2007 and it’s headquarter located in Rotterdam, Netherlands.it operate over 70 country .In2018 The acquisition more than doubles LyondellBasell's existing compounding business and broadens the company's reach into growing, high-margin .
4. Saudi Basic Industries Corporation
Saudi Basic Industries Corporation was launch in 1976 and it’s headquarter located in Riyadh, Saudi Arabia.it operate over 50 country In 2022 m With its independent subsidiary Torc Robotics, Daimler Truck is pushing ahead with the development of autonomous trucking in the United State.
5. Dupont
Dupont founded in 2007, with its headquarters in Wilmington, Delaware, United States .With businesses in over 70 countries.
*Definition- Polyolefin resin comprises one or more olefinic groups. These are polymers with high molecular weight hydrocarbons.
