Global Polyolefin Market, By Type (Polethylene, Polypropylene, Functional Polyolefins), End User (Packaging, Consumer Goods, Building and Construction, Automotive, Medical and Pharmaceuticals, Others), Application (Films and Sheet, Blow Molding, Injection Molding and Tapes and Fibers), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029.
Data Bridge Market Research analyses that the polyolefin market will witness a CAGR of 7.90% for the forecast period of 2022-2029 and is likely to reach the USD 265.44 billion by 2029.
Polyolefin is a thermoplastic family that includes polypropylene and polyethylene. It is mostly produced from natural gas and oil through the polymerization of ethylene and propylene, respectively. It's made of hydrocarbons, olefins and monomers and has excellent chemical stability, processability, and long-term durability. It is the most frequently used thermoplastic polymer, with applications ranging from packaging to consumer goods to fibers and textiles.
The growing demand from the construction sector, rapid expansion in the solar industry, and a shift in end-user preference towards flexible packaging, are among the major factors driving the polyolefin market. Furthermore, eco-friendly packaging, easy availability of raw materials in emerging economies and upsurge in the demand of polyolefin in various applications are the major reasons driving the polyolefin market.
Moreover, growing demand for metallocene-based polyolefin and rising popularity of green polyolefin will establish new opportunities for ordinary bearing manufacturers in the near future.
On the other hand, high cost associated with polyolefin, increased environmental concerns and issues about plastic disposal will inhibit market expansion. Also, fluctuating prices of crude oil will further challenge the growth rate of market.
This polyolefin market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyolefin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyolefin Market Scope and Market Size
The polyolefin market is segmented on the basis of type, end user and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the polyolefin market is segmented into polethylene, polypropylene and functional polyolefins.
- Based on end user, the polyolefin market is segmented into packaging, consumer goods, building and construction, automotive, medical and pharmaceuticals and others.
- Based on application, the polyolefin market is segmented into films and sheet, blow molding, injection molding and tapes and fibers.
Polyolefin Market Country Level Analysis
The polyolefin market is analysed and market size, volume information is provided by country, type, end user and application as referenced above.
The countries covered in the polyolefin market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyolefin market and will continue to flourish its dominance during the forecast period due to the presence of major emerging economies and growing demand from automotive and construction sectors in this region. North America and Europe are expected to grow during the forecast period of 2022-2029 due to the rise in production of polyolefin.
The country section of the polyolefin market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Polyolefin Market Share Analysis
The polyolefin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyolefin market.
Some of the major players operating in the polyolefin market are INEOS AG, ZEON CORPORATION, SK geo centric Co., Ltd., BASF SE, Exxon Mobil Corporation, Specialty Products Inc., Mitsubishi Chemical Corporation., Dow, China Petroleum & Chemical Corporation, Royal Dutch Shell Plc, Eni S.p.A., Evonik Industries AG, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Nizhnekamskneftekhim., JSR Corporation, Repsol, SABIC, TPC Group, Formosa Plastics Corporation, Shanghai Petrochemical, Borealis AG., Versalis S.p.A., and Shanxi Sanwei Group Co. Ltd, among others.