Global Polyolefin Powders Market to Reach $12.9 Billion by 2030
The global market for Polyolefin Powders estimated at US$8.9 Billion in the year 2023, is expected to reach US$12.9 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2023-2030. Polyethylene Chemistry, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$7.2 Billion by the end of the analysis period. Growth in the Polypropylene Chemistry segment is estimated at 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 8.3% CAGR
The Polyolefin Powders market in the U.S. is estimated at US$2.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.8 Billion by the year 2030.
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