China Petrochemical Corporation (SINOPEC), Exxon Mobil Corporation, LyondellBasell Industries and SABIC are Dominating the Market for Global Polyolefin Market in 2017

Global Polyolefin Market is expected to reach 147,171.32 thousand tons by 2025 from 97,902.90thousand tonnes in 2017, at a CAGR of 5.5% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Global Polyolefin Market

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The global thermally conductive plastic market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. China Petrochemical Corporation (SINOPEC), dominated the thermally conductive plastic market accounting for a highest market share in 2017, followed by Exxon Mobil Corporation, LyondellBasell Industries and SABIC. Other players in this market include reliance industries limited, lg chem. Polyone, tosoh corporation,  formosa plastics corporation,  borealis ag, akzo nobel n.v. L,  sasol ltd., petrochina are among others.

China Petrochemical Corporation (SINOPEC),:

Founded in 1998 and headquartered in Beijing, China. China National Petroleum Corporation (CNPC) is an integrated international energy company Revenue Analysis. CNPC is China's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers and a globally reputed contractor in engineering construction, with businesses covering petroleum exploration & production, natural gas & pipelines, refining & marketing, oilfield services, engineering construction, petroleum equipment manufacturing and new energy development, as well as capital management, finance and insurance services.

Exxon Mobil Corporation:

Founded in 1999 and headquartered at Irving, Texas, U.S. ExxonMobil is the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. The company has an industry-leading inventory of resources and is one of the world’s largest integrated refiners, marketers of petroleum products and chemical manufacturers. ExxonMobil manufactures and supply various thermoplastic elastomers across various regions.

The company has operation in various countries across different locations on the globe United States and non-U.S... Some of its subsidiaries include Mobil, XTO Energy, Imperial Oil, Tengizchevroil, GasTerra, Saudi Yanbu Petrochemical Co, ExxonMobil Chemical Company, Esso Petroleum Company, ExxonMobil Chemical Ltd and many more subsidiaries across the globe.

Recent Development:

ExxonMobil to Increase Beaumont Polyethylene Capacity by 65 Percent. New facility will add 650,000 tonnes of high performance polyethylene per year, to meet growing demand for high performance plastics

LyondellBasell Industries:

Founded in 2007 and headquartered at Rotterdam, Netherlands. LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. Company produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road.

LyondellBasell has 55 manufacturing sites in 17 countries and products are sold in approximately 100 countries across various locations on the globe. Some of its subsidiaries include Houston Refining, EQUISTAR CHEMICALS LP, Millennium Chemicals, Millennium Specialty Chemicals Inc, Lyondell Greater China, Ltd, Millennium Holdings LLC and many more subsidiaries across the globe

Recent Development:

The LyondellBasell Will Build High Density Polyethylene Plant at La Porte, Texas, Complex. The plant will be the first commercial plant to employ LyondellBasell's new proprietary Hyperzone PE technology and will have an annual capacity of 1.1 billion pounds (500,000 metric tons).