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Market Size was USD 7,834.8 Million in 2020 and is expected to reach USD 11.39 Billion in 2028, and register a CAGR of 4.7%
Growing automotive industry, coupled with high demand for polyolefin powders to manufacture lightweight superior quality automobile parts are key factors driving market revenue growth.
Increasing focus of polyolefin powder manufacturers towards adoption of bio-chemicals.
Market growth can be attributed to increasing consumption of polyolefin powders in wide range of applications including masterbatch, roto-molding, dusting and sintering agents, Bulk Molding Compounds (BMC), and Sheet Molding Compounds (SMC), among others. This powder is widely used for manufacturing toys, tanks, containers, automobile parts, paints & coatings, batteries, cosmetics, etc.