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Comprehensive Industry Landscape and Strategic Outlook

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Grafted Polyolefins Market By Type (Maleic Anhydride Grafted PE, Maleic Anhydride Grafted PP, Maleic Anhydride Grafted EVA, and Others), By Processing Technology, By Application, By End Use - Global Industry Outlook, Key Companies (Mitsubishi Chemical Group Corporation, Guangzhou Lushan New Materials Co. Ltd., LyondellBasell Industries Holdings B.V., and Others), Trends and Forecast 2024-2033

Published on : May-2024  Report Code : RC-927  Pages Count : 286  Report Format : PDF
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Market Overview

The Global Grafted Polyolefins Market size is estimated to reach USD 1.9 billion in 2024 and is further predicted to reach USD 2.9 billion by 2033, at a CAGR of 5.0%.

Grafted Polyolefins Market growth Analysis

Grafted Polyolefins are materials in which a polymer chain from one type of polyolefin is chemically bonded to a different kind of polymer chain. This process involves combining the different properties of both polymers. The material formed by this process possesses unique characteristics such as improved mechanical strength, enhanced thermal stability, or modified surface properties. Due to their versatility and properties, it is used in many sectors like packaging, automotive parts, and coatings. The growth of grafted polyolefins is fueled by the rising demand for lightweight and durable materials in many industries.

It offers the inherent strength and chemical resistance of polyolefins with properties like improved adhesion, impact resistance, and thermal stability due to the grafting process. Thus, it has special applications in automotive interior components, flexible packaging, and building materials, which drive the growth of this market. Further, advancements in the grafting process offer the development of these polyolefins with aimed properties that expand their applicability across many industries. In addition, bio-based grafted polyolefins are offering great opportunities for the expansion of this market due to increasing awareness of sustainable practices.

Key Takeaways

  • Market size: The global grafted polyolefins market size is expected to grow by 0.9 billion, at a CAGR of 5.0 % during the forecasted period of 2025 to 2033.
  • Market Definition: Grafted Polyolefins are materials formed by chemically bonding polymer chains of different polyolefin types, merging their properties for improved strength, stability, or surface qualities.
  • Type Analysis: Maleic Anhydride Grafted PE (Polyethylene) is projected to be the dominant force in the market, capturing the largest revenue share in 2024.
  • Processing Technology Analysis: Extrusion is expected to witness significant growth with the highest revenue share based on processing technology throughout the forecast period.
  • Application Analysis: Adhesion Promotion is forecasted to hold the largest market share and dominate the global market in 2024.
  • End-use Analysis: Automotive is anticipated to lead the market with the largest market share based on end-use and dominate the grafted polyolefins market in 2024.
  • Regional Analysis: North America is anticipated to dominate the grafted polyolefins market, capturing a revenue share of 34.1 % in 2024.

Use Cases

  • Applications in Adhesive and Coating: Grafted polyolefins are widely used in adhesive and coating as they improve the bonding strength between substrates and provide enhanced durability and resistance to environmental factors.
  • Functional Additives: These polyolefins serve as functional additives in many processes as they act as dispersing agents in polymer processing to improve the dispersion of fillers or pigments, resulting in more uniform and stable formulations.
  • Compatibilizers in Polymer Blends: It is frequently used as compatibilizers in polymer blends to improve the compatibility between different polymers. These are known for enhancing the properties of blends containing polyethylene and polypropylene.
  • Polymer Reinforcement: These are used as coupling agents to improve the adhesion between the polymer matrix and reinforcing materials such as glass fibers or carbon fibers in the production of reinforced plastics, which leads to improved mechanical properties.

Market Dynamic

Drivers

Increase Demand for Enhanced Polymers
The grafted polyolefins market is fueled by increasing demand for polymers with improved properties. Traditional polyethylene (PE) and polypropylene (PP) were popular for their versatility, cost-effectiveness, and availability, but industries now require the improved attributes of polyolefins. These improved polymers are achieved through grafting processes which offer many benefits like enhanced adhesion, compatibility with diverse materials, and improved thermal stability.

Boost in the Automotive Segment
There is a continuous focus on producing lightweight materials with superior performance which increases the use of grafted polyolefin materials in the automotive segment. They find its application in interior trim components, under-the-hood parts, and exterior body panels which offer a mixture of strength, durability, & weight reduction.

Restraints

Strict Regulatory Compliance
Grafted polyolefin manufacturers face challenges due to increased scrutiny and oversight from regulatory bodies, industry monitors, and environmental agencies, which restrains the growth of the market. This increased scrutiny forces companies to follow numerous rules, standards, and guidelines to ensure compliance, which obstructs the growth of the market. The regional, national, and international regulations also differ in scope, requirements, and enforcement methods. Thus, the manufacturer is required to stay updated on evolving regulations and implement necessary changes, which can consume significant time and resources.

Opportunities

Innovative Applications
Innovative advancements in functional additives, nanocomposites, and surface modifications, lead to improvement in the properties of grafted polyolefins to fulfill certain industry requirements, which creates growth opportunities for this market. It involves the development of grafted polyolefins with antimicrobial attributes, which increases its demand across healthcare, food packaging, and consumer goods sectors.
 
Functional Advancements
Grafted polyolefins mixed with conductive fillers or additives like carbon nanotubes or graphene during the grafting process allow them to exhibit electrical conductivity. These functional advancements are useful in electronic components like printed circuit boards, flexible electronics, and electromagnetic interference (EMI) shielding. They are beneficial for improving electrical performance and compatibility with polymer substrates.

Trends

Recyclability of Grafted polyolefins
Advancement in both compatibilizers and recycling technologies leads to improvement in the recyclability of grafted polyolefins. Compatibilizers are important in improving the compatibility between different polymers which makes it easier to recycle mixed plastics and grafted polyolefins. Also, there is a continuous focus on developing advanced recycling technologies such as chemical recycling and pyrolysis.

Collaborative Research
Collaboration between different industry players, research institutions, and government bodies drives innovation in grafted polyolefins. They are focused on developing standardized testing methods and performance benchmarks for grafted polyolefins.
Research Scope and Analysis

By Type

Maleic anhydride grafted PE is expected to dominate the global grafted polyolefins market with a high revenue share in 2024. It offers a diverse combination of properties that are highly desirable across a wide range of industries. This polyethylene is used to improve adhesion, compatibility with other materials, & surface properties which makes it suitable for packaging, coatings, & automotive components. They can be useful for multiple market needs with a single material due to their versatility. These are frequently adopted by chemical firms for improved performance and sustainability. There are different industries that are searching for materials that offer improved properties while reducing the environmental impact. They are expected to emerge as a favorable option due to their ability to improve the recyclability and process ability of polyethylene.

Maleic Anhydride Grafted PP is anticipated to show significant growth due to its wide application in automotive, packaging, & consumer goods. It offers excellent thermal stability, chemical resistance, & mechanical properties, expanding its use in challenging environments. They are capable of improving polypropylene's characteristics such as impact resistance & tensile strength while preserving its core properties, driving the growth of the market.

By Processing Technology
Extrusion is anticipated to lead the grafted polyolefins market with the highest market share in 2024, due to its efficiency and versatility. It allows for continuous production of grafted polyolefins with precise control over parameters like temperature, pressure, & mixing. This process is capable of giving consistent quality & uniformity of the grafted products, which is required in standardized materials. This process is cost-effective and is suitable for mass production while keeping the production cost as low as possible. Melt grafting is the second largest segment driving the growth of the market due to its application required for in-situ grafting of polyolefins during processing. It involves direct mixing of polyolefins and grafting agents in a molten state which allows for efficient bonding & grafting reactions to occur. It offers benefits like shorter processing times, lower energy consumption, and reduced production steps compared to other grafting methods. It is environment friendly as it reduces solvent usage & waste generation.

By Application

Adhesion Promotion is predicted to dominate the global grafted polyolefins market in 2024, due to the increasing demand across industries for enhanced bonding solutions. There is a need for reliable adhesion between different substrates as products become more complex and diverse in material composition. Grafted polyolefins improve adhesion between surfaces that struggle to stick together, such as plastics to metals or rubber to plastics. Industries like automotive, packaging, and construction benefit significantly from this capability, ensuring durable and reliable product assemblies. 

Grafted Polyolefins Market Application Analysis

Impact modification is valuable due to its improved strength and endurance of polyolefin materials. It involves grafting elastomeric polymers onto polyolefin matrices, which improves impact resistance while maintaining other mechanical properties. These polyolefins act as impact modifiers in polymer blends, improving the overall toughness, impact strength, and resistance to cracking. These properties are important in applications like sports equipment, and consumer goods where durability is required.

By End Use

The automotive segment is expected to dominate the global grafted polyolefins market in 2024 with the largest revenue share, as these materials improve the toughness and durability of components like bumpers, interior trim, and under-the-hood parts. Also, it helps in adhesion promotion for multi-material assemblies, contributing to lightweight efforts and fuel efficiency improvements. These materials are known for providing properties like chemical resistance, high strength-to-weight ratio, & versatility, which makes them suitable for many automotive applications. The packaging segment is expected to be the second largest application in this market due to the rising adoption of eco-friendly packaging materials. These polyolefins are sustainable materials due to their recyclability and reduced environmental impact compared to traditional materials that are used in packaging materials. There is a need for efficient packaging materials as more consumers opt for online shopping. They help protect goods during transit, reduce damages, and ensure product integrity; thus, they become a preferred choice for packaging in the e-commerce industry.

The Global Grafted Polyolefins Market Report is segmented based on the following

By Type

  • Maleic Anhydride Grafted PE(Polyethylene)
  • Maleic Anhydride Grafted PP (Polypropylene)
  • Maleic Anhydride Grafted EVA (Ethylene vinyl- acetate)
  • Others

By Processing Technology

  • Extrusion
  • Melt grafting
  • Others

By Application

  • Adhesion Promotion
  • Impact Modification
  • Compatibilization
  • Bonding
  • Others

By End Use

  • Automotive
  • Packaging
  • Construction
  • Adhesives & Sealants
  • Others

Regional Analysis

North America is predicted to dominate the grafted polyolefins market with a revenue share of 34.1% in 2024. This region is rapidly expanding due to factors like a strong economy, substantial disposable income, & advanced technological capabilities. The major manufacturers of the market are concentrated in this region and are investing heavily in research & development to introduce new and advanced products. 

Grafted Polyolefins Market Region Analysis

The increasing demands for these materials in packaging, electronics, and automotive further fuel the growth of this region. Further, this region is growing due to Its rising capabilities in the field of polymer chemistry and material science. This allows efficient production and distribution of grafted polyolefins, making them available to meet the increasing demand from diverse end-use sectors. Moreover, North America's technological advancement, strong industrial base, and logistical advantages contribute significantly to the growth of this market.

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Competitive Landscape

Key players in the grafted polyolefins market commonly employ strategies such as introducing new products and expanding through investments. Manufacturers are focusing on logistical improvements and strengthening distribution channels as part of their business growth strategies. These initiatives are improving the product adoption rates among global consumers. The market is fragmented due to many participants, and it is anticipated that there will be moderate to intense competition among the companies.

Some of the prominent players in the global grafted polyolefins market are
  • Mitsubishi Chemical Group Corporation
  • Guangzhou Lushan New Materials Co. Ltd.
  • LyondellBasell Industries Holdings B.V.
  • Mitsui Chemicals Asia Pacific Ltd.,
  • Arkema
  • Clariant
  • Borealis AG
  • SI Group Inc.
  • Dow
  • COACE
  • Others

Recent Development

  • In November 2023, Borealis acquired Integra Plastics AD, a prominent advanced mechanical recycling company based in Bulgaria which boosts its advanced recycling capabilities by adding more than 20,000 tons of recycling capacity.
  • In November 2023, Borealis finalized its acquisition of Rialti S.p.A., an Italian specialist in polypropylene (PP) compounds, particularly recyclates which expands Borealis' PP compounds range with an additional 50,000 tons per year of mechanical recyclates, meeting the increasing demand from customers for eco-friendly solutions.
  • In December 2023, Industrie Polieco-MPB SpA's Compounding Division, known as MPB, formed a new partnership with OQEMA Italy, a chemical distributor. This collaboration aims to strengthen MPB's market presence in high-barrier films, multilayer structures, and specialty compounds.
  • In March 2022, The Compound Company acquired the production site, product range, and customer base for Exxelor polymer resins from ESSO Deutschland GmbH, ExxonMobil in Cologne, Germany which boost its capacity to around 70 kilotons per year and significantly expand its reach into new markets. Exxelor polymer resins are specialized chemically modified polyolefin and elastomer-based resins used to improve the performance of engineering thermoplastics and other polymers.

Report Details

Report Characteristics
Market Size (2024) USD 1.9 Bn
Forecast Value (2033) USD 2.9 Bn
CAGR (2024-2033) 5.0%
Historical Data 2018 – 2023
Forecast Data 2024 – 2033
Base Year 2023
Estimate Year 2024
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Type (Maleic Anhydride Grafted PE, Maleic Anhydride Grafted PP, Maleic Anhydride Grafted EVA, and Others), By Processing Technology (Extrusion, Melt grafting, and Others), By Application (Adhesion Promotion, Impact Modification, Compatibilization, Bonding, and Others ),By End Use (Automotive, Packaging, Construction, Textiles, Adhesives & Sealants, and Others)
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players Mitsubishi Chemical Group Corporation, Guangzhou Lushan New Materials Co. Ltd., LyondellBasell Industries Holdings B.V., Mitsui Chemicals Asia Pacific, Ltd., Arkema, Clariant, Borealis AG, SI Group, Inc., Dow, COACE, and Other Key Players
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • How big is the Global Grafted Polyolefins Market?

    The Global Grafted Polyolefins Market size is estimated to have a value of USD 1.9 billion in 2024 and is expected to reach USD 2.9 billion by the end of 2033.

  • Which region accounted for the largest Global Grafted Polyolefins Market?

    North America is expected to be the largest market share for the Global Grafted Polyolefins Market with a share of about 34.1% in 2024.

  • Who are the key players in the Global Grafted Polyolefins Market?

    Some of the major key players in the Global Grafted Polyolefins Market are Mitsubishi Chemical Group Corporation, Guangzhou Lushan New Materials Co. Ltd., LyondellBasell Industries Holdings B.V., and many others.

  • What is the growth rate in the Global Grafted Polyolefins Market?

    The market is growing at a CAGR of 5.0 percent over the forecasted period.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Grafted Polyolefins Market Overview
        2.1.Global Grafted Polyolefins Market Overview by Type
        2.2.Global Grafted Polyolefins Market Overview by Application
      3.Grafted Polyolefins Market Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Grafted Polyolefins Market Drivers
          3.1.2.Grafted Polyolefins Market Opportunities
          3.1.3.Grafted Polyolefins Market Restraints
          3.1.4.Grafted Polyolefins Market Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Grafted Polyolefins Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Type, 2017-2032
        4.1.Global Grafted Polyolefins Market Analysis by By Type: Introduction
        4.2.Market Size and Forecast by Region
        4.3.Maleic Anhydride Grafted PE(Polyethylene)
        4.4.Maleic Anhydride Grafted PP (Polypropylene)
        4.5.Maleic Anhydride Grafted EVA (Ethylene vinyl- acetate)
        4.6.Others
      5.Global Grafted Polyolefins Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Processing Technology, 2017-2032
        5.1.Global Grafted Polyolefins Market Analysis by By Processing Technology: Introduction
        5.2.Market Size and Forecast by Region
        5.3.Extrusion
        5.4.Melt grafting
        5.5.Others
      6.Global Grafted Polyolefins Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Application, 2017-2032
        6.1.Global Grafted Polyolefins Market Analysis by By Application: Introduction
        6.2.Market Size and Forecast by Region
        6.3.Adhesion Promotion
        6.4.Impact Modification
        6.5.Compatibilization
        6.6.Bonding
        6.7.Others
      7.Global Grafted Polyolefins Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By End Use, 2017-2032
        7.1.Global Grafted Polyolefins Market Analysis by By End Use: Introduction
        7.2.Market Size and Forecast by Region
        7.3.Automotive
        7.4.Packaging
        7.5.Construction
        7.6.Adhesives & Sealants
        7.7.Others
      10.Global Grafted Polyolefins Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        10.1.North America
          10.1.1.North America Grafted Polyolefins Market: Regional Analysis, 2017-2032
            10.1.1.1.The US
            10.1.1.2.Canada
        10.2.1.Europe
          10.2.1.Europe Grafted Polyolefins Market: Regional Trend Analysis
            10.2.1.1.Germany
            10.2.1.2.France
            10.2.1.3.UK
            10.2.1.4.Russia
            10.2.1.5.Italy
            10.2.1.6.Spain
            10.2.1.7.Nordic
            10.2.1.8.Benelux
            10.2.1.9.Rest of Europe
        10.3.Asia-Pacific
          10.3.1.Asia-Pacific Grafted Polyolefins Market: Regional Analysis, 2017-2032
            10.3.1.1.China
            10.3.1.2.Japan
            10.3.1.3.South Korea
            10.3.1.4.India
            10.3.1.5.ANZ
            10.3.1.6.ASEAN
            10.3.1.7.Rest of Asia-Pacifc
        10.4.Latin America
          10.4.1.Latin America Grafted Polyolefins Market: Regional Analysis, 2017-2032
            10.4.1.1.Brazil
            10.4.1.2.Mexico
            10.4.1.3.Argentina
            10.4.1.4.Colombia
            10.4.1.5.Rest of Latin America
        10.5.Middle East and Africa
          10.5.1.Middle East and Africa Grafted Polyolefins Market: Regional Analysis, 2017-2032
            10.5.1.1.Saudi Arabia
            10.5.1.2.UAE
            10.5.1.3.South Africa
            10.5.1.4.Israel
            10.5.1.5.Egypt
            10.5.1.6.Turkey
            10.5.1.7.Rest of MEA
      11.Global Grafted Polyolefins Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        11.1.Market Share Analysis
        11.2.Company Profiles
          11.3.1.Company Overview
          11.3.2.Financial Highlights
          11.3.3.Product Portfolio
          11.3.4.SWOT Analysis
          11.3.5.Key Strategies and Developments
        11.4.Mitsubishi Chemical Group Corporation
          11.4.1.Company Overview
          11.4.2.Financial Highlights
          11.4.3.Product Portfolio
          11.4.4.SWOT Analysis
          11.4.5.Key Strategies and Developments
        11.5.Guangzhou Lushan New Materials Co. Ltd.
          11.5.1.Company Overview
          11.5.2.Financial Highlights
          11.5.3.Product Portfolio
          11.5.4.SWOT Analysis
          11.5.5.Key Strategies and Developments
        11.6.LyondellBasell Industries Holdings B.V.
          11.6.1.Company Overview
          11.6.2.Financial Highlights
          11.6.3.Product Portfolio
          11.6.4.SWOT Analysis
          11.6.5.Key Strategies and Developments
        11.7.Mitsui Chemicals Asia Pacific Ltd.,
          11.7.1.Company Overview
          11.7.2.Financial Highlights
          11.7.3.Product Portfolio
          11.7.4.SWOT Analysis
          11.7.5.Key Strategies and Developments
        11.8.Arkema
          11.8.1.Company Overview
          11.8.2.Financial Highlights
          11.8.3.Product Portfolio
          11.8.4.SWOT Analysis
          11.8.5.Key Strategies and Developments
        11.9.Clariant
          11.9.1.Company Overview
          11.9.2.Financial Highlights
          11.9.3.Product Portfolio
          11.9.4.SWOT Analysis
          11.9.5.Key Strategies and Developments
        11.10.Borealis AG
          11.10.1.Company Overview
          11.10.2.Financial Highlights
          11.10.3.Product Portfolio
          11.10.4.SWOT Analysis
          11.10.5.Key Strategies and Developments
        11.11.SI Group Inc.
          11.11.1.Company Overview
          11.11.2.Financial Highlights
          11.11.3.Product Portfolio
          11.11.4.SWOT Analysis
          11.11.5.Key Strategies and Developments
        11.12.Dow
          11.12.1.Company Overview
          11.12.2.Financial Highlights
          11.12.3.Product Portfolio
          11.12.4.SWOT Analysis
          11.12.5.Key Strategies and Developments
        11.13.COACE
          11.13.1.Company Overview
          11.13.2.Financial Highlights
          11.13.3.Product Portfolio
          11.13.4.SWOT Analysis
          11.13.5.Key Strategies and Developments
        11.14.Others
          11.14.1.Company Overview
          11.14.2.Financial Highlights
          11.14.3.Product Portfolio
          11.14.4.SWOT Analysis
          11.14.5.Key Strategies and Developments
      12.Assumptions and Acronyms
      13.Research Methodology
      14.Contact
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