A $2 billion transaction was announced by LyondellBasell Industries N.V., a multinational plastic and chemical firm, to purchase 50% of Sasol's 1.5 million metric ton ethane cracker, 0.9 million ton low and linear low density polyethylene units, and related infrastructure. The transaction would be carried out through a 50:50 joint venture between LyondellBasell Industries and Sasol, an integrated energy and chemical firm with headquarters in Sandton, South Africa.
Avient Corporation, a provider of specialized and sustainable material solutions and services has announced the expansion of its Mevopur bio-based medical grade polymer solution line. The bio-based polycarbonate, ABS, or styrene polymers are used in the new color and additive concentrates and tailored ready-to-use formulations.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 1387
Published Date: Jul 29, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factor driving the growth of the market is an increase in the automotive and construction industries.
The market size of Polymers is anticipated to attain a CAGR of 5.9% over the forecast period, i.e., 2023-2035.
The major players in the market are Royal DSM, Solvay Plastics, Nylene Canada Inc., BASF SE, Exxon Mobil Corp., Lanxess, and others.
The thermoplastics segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.