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Time: 2017-02-17

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China plastic online news

Grand View Research said the global growth in demand for PE in the plastics industry will remain a major factor affecting the poly -olefin market through 2020. LDPE and HDPE are widely used in the plastics industry worldwide. Over the next six years, the growth in the automotive industry's demand for synthetic lubricants will also contribute significantly to the expansion of the poly -olefin market. Synthetic lubricants derived from polyalpha-olefin meet government standards and increase the life expectancy of auto parts compared to lubricants derived from conventional fossil fuels.

The polyalpha-olefin classes include 1-hexene, 1-butene, 1-octene, 1-dodecene, and 1-decene. Over the next six years, increased field development activities will further the development of the poly -olefin market. Other poly -olefin terminal applications include chemical intermediates,

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Coating, medication and personal care.

On the other hand, fluctuations in raw material and energy prices are expected to limit the development of the poly -olefin industry. Sustainable poly-alpha-olefin production from biomass energy is a new direction, and research and development in this area is increasing day by day, which will bring new opportunities for the industry. North America has been and will continue to be the dominant region in the global poly -olefin market for several years. The strengthening trend in North America comes from manufacturers' plans to expand capacity. The poly -olefin markets in Europe and the Middle East are set to grow steadily over the next few years. With the development of the plastics industry in countries such as China and India, the demand for polyalpha-olefins in the asia-pacific region will also increase significantly. Currently, the global poly -olefin market is dominated by a number of industry giants, including shell chemicals, chevron phillips, skoppetrochemical, ineos oligomers and sasol.

Other major producers include evonik, exxonmobil, Godrej Industries, Saudi infrastructure, mitsubishi chemical, linde group and Qatar petrochemical.