Functionalized Polyolefins Market: Introduction
Functionalized polyolefins are primarily olefin polymers which possess polar and non-polar functionalities while they are attached to a polymer base or backbone. Functionalized polyolefin can be segmented into four types based on their structure. These types are better identified as randomly functionalized polyolefins, end functionalized polyolefins, block functionalized polyolefins, and graft functionalized polyolefins. Functionalized polyolefins possess a number of properties which make them well suited for a variety of applications. Functionalized polyolefins are flexible and this helps in the improvement of the impact resistance of fragile technical polymers. The flexible nature of functionalized polyolefins also helps in enhancing the rigidity of plastics.
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Functionalized Polyolefins Market: Dynamics
The growth of the construction industries and oil exploration activities taking place across the globe are expected to boost the growth of the functionalized polyolefins market. Proficient demand from building based insulation materials in turn is expected to augment the functionalized polyolefins market growth as functionalized polyolefins have superior thermal and acoustic insulation properties which aids in optimal energy utilization and immunity from external environment.
The growing procedure of LEED accreditation of residential and commercial buildings can thus be attributed to the growth of functionalized polyolefins market. The use of functionalized polyolefins is also being witnessed significantly in the growing exploration of oil and gas deposits thereby fuelling the market growth.
Functionalized Polyolefins Market: Segmentation
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| · basis of end use industry |
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Functionalized Polyolefins Market: Regional Outlook
On the regional front, North America is the most dominant market for functionalized polyolefins. The demand for functionalized polyolefins is primarily from the US market owing to the constant use of these materials by in electrical and electronics industry in addition to transportation equipment and construction.
The European and the East Asian markets are expected to be other dominant markets for functionalized polyolefins owing to the presence of a large number of automobile manufacturers as well as electronic product manufacturers in the region. South Asian functionalized polyolefins market appears to be lucrative owing to rapid industrialization in the region and is expected to grow significantly over the next few years.
Functionalized Polyolefins Market: Key Players
Some of the key market participants in the global functionalized polyolefins market are:
- Arkema
- Pluss Advanced Technologies
- Eastman Chemical Company
- Dow
- Tecnofilm S.p.A
- CBC Ltd.
- Altana Group
- Sumitomo Mitsui Chemical Company
- Sinopec Corporation
- ExxonMobil Corporation
- Braskem SA
- Total Group
- Ineos Group AG
- SABIC
- Lyondell Basel Industries Holdings B V
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