Key Findings
A considerable demand from sectors like construction, packaging etc. are primarily responsible for driving the North America polyolefin market growth. Towards the end of the forecast period of 2018-2026, the market is anticipated to register a CAGR of 6.47% in terms of fiscal growth. A major contribution is expected from countries like Canada and the U.S.
MARKET INSIGHTS
Applications, material types and end-users are the segments based on which the market has been segmented. There is an abundant production of oil and gas in North America, and this is acting as a key driver for the polyolefins industry in this region. Increasing demand of metallocene-based polyolefins in industries is presenting considerable growth opportunities to the market. The primary factor which is driving the market for metallocene-based polyolefins is the consistently growing demand for films and sheets which are increasingly being used in the packaging industry. However, issues concerning the environment and switch to green polyolefins are challenging the market expansion.
Competitive Insights
Market companies like E. I. Du Pont De Nemours And Company, Petroliam Nasional Berhad (Petronas),Arkema Sa, Toray Industries, Akzo Nobel N.V, Dow Chemical Company, PTT Group, Mitsubishi Chemical Holdings, ExxonMobil, Formosa Plastics Corporation, Aryasasol, Rogers Corporation, PolyOne Corporation and Braskem S.A are involved in the polyolefins industry.