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Any synthetic resin created by polymerizing olefins is known as a polyolefin. Olefins are hydrocarbons with double-bonded carbon atoms in their molecules.
Their most well-known constituents are ethylene and propylene, which are most frequently derived from natural gas or low-molecular-weight petroleum components.
These two substances are lower olefins, meaning that each of their molecules only has one pair of carbon atoms. Butene and methyl pentane are two or more carbon atoms per molecule of higher olefins. The most important polymers made from these olefins are polyethylene and polypropylene.
The word “polyolefin” is frequently assumed to refer exclusively to these adaptable plastics because of the huge array of applications to which they can be put and the enormous quantities in which they are produced.
Shrink wrap, packaging, the manufacture of consumer goods and industrial items, manufacturing materials, fibres for use in clothes and other fabrics, rigid foam technology, tennis racket strings, bottles, and containers, as well as health applications, all make use of polyolefins.
The Global EV polyolefin market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The market is expanding as a result of rising demand for polyolefins in the automotive, electrical and electronics, food and beverage, and consumer goods industries.
Polyolefins are well suited for industrial usage, primarily for packing automotive and electrical spare parts, because of several of their features, including high stiffness, superior moisture resistance, and chemical resistance.
While in the automobile sector, manufacturers are concentrating on enhancing vehicle economy by reducing vehicle weight. The advantages of polyolefins over other materials include their light weight, ease of processing, sealing, and rigidity.
