Europe Polyolefin Market – Industry Trends and Forecast to 2030

Europe Polyolefin Market, By Material Type (HDPE (High Density Polythene), LDPE (Low Density Polythene), LLDPE (Linear Low High Density Polythene), PP (Polypropylene), Recycling PP, and Potential Replacement for Convectional Materials), Raw Material Type (Bio-Based Polyolefins and Petro-Based Polyolefins), Extrusion Process (Film, Injection Molding, Blow Molding, Extrusion Coating, Fiber, and Others), End-User (Packaging, Construction, Transportation, Electrical and Electronics, Consumer Goods, Healthcare/Medical, and Others) – Industry Trends and Forecast to 2030.

Europe Polyolefin Market Analysis and Size  

Growing demand from the construction sector is also driving the market's growth. Change in the raw material supply scenario also acts as a growth driver for the market. Flexible packaging provides durability and convenience, as consumers mostly prefer it. HDPE, PP, and LDPE are the few most used flexible packaging materials nowadays. Flexible packaging is primarily used to produce various films and is largely used by the food industry to create market growth. Film end-use application is expected to boost the growth of the market. The demand for fast-moving consumer goods will increase the consumption of films that are used for the packaging purpose, as increased demand for packaged and ready to eat food will drive the growth of films and increase the growth of Europe's polyolefin market.

Data Bridge Market Research analyses that the Polyolefin market, which was USD 72.60 million in 2022, would rocket up to USD 133.38 million by 2030 and is expected to undergo a CAGR of 7.90% from 2023 to 2030. The "Packaging" segment in the end-user segment dominates the polyolefin market because of its functional properties and cost-effectiveness.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Polyolefin Market Scope and Segmentation

Market Definition

Polyolefins are a class of polymers derived from olefin or alkene monomers. These thermoplastic materials are highly versatile due to their ease of molding and reshaping through heating, cooling, and remolding processes. They exist in various forms, from liquid to rigid solids, and offer lightweight yet durable and flexible properties. Polyolefins exhibit excellent resistance to chemicals, solvents, and moisture.

They have diverse applications in shrink wrap, packaging (including food and electronic packaging), consumer goods, industrial products, structural panels, clothing fibers, fabrics, flexible foam , tennis racket strings, bottles, heat shrink tubing, and medical applications. Their versatility and durability make them essential for various sectors, providing reliable solutions for various products.

Europe Polyolefin Market Dynamics

Drivers

• Increasing demand from the end-use industries in the region

Polyolefins find extensive applications across various industries, such as packaging, automotive, construction, consumer goods, and healthcare. The growing demand from these sectors, driven by population growth, urbanization, and economic development, fuels the market growth.

• Rising packaging industry in Europe

The increasing demand for convenient and sustainable packaging solutions, driven by e-commerce, food and beverage, and consumer goods sectors, fuels the demand for polyolefins. These materials offer excellent barrier properties, sealing capabilities, and cost-effectiveness for packaging applications. They offer a combination of functional properties, cost-effectiveness, and sustainability, making them a popular choice for various packaging applications.

• Increasing awareness towards sustainable and eco-friendly materials

The shift towards sustainable and eco-friendly materials is driving the demand for polyolefins. Their recyclability, lightweight nature, and energy-efficient production processes make them attractive for industries seeking environmentally responsible solutions. The government regulations promoting the use of recyclable and sustainable materials in packaging and other industries provide a favorable environment for the growth of the polyolefin market.

Opportunities

• Rise in infrastructure development and construction projects

Infrastructure investments and construction activities contribute to the demand for polyolefins in applications such as pipes, fittings, insulation materials, and geomembranes. The growth in urbanization, renovation projects, and sustainable building practices present opportunities for polyolefin manufacturers to cater to the construction industry's needs.

• Increasing technological advancements and R&D activities

Ongoing research and development activities in the polyolefin sector lead to the development of advanced materials with improved properties and performance characteristics. Innovations such as enhanced s​​​​​​​trength, durability, flexibility, and heat resistance expand the application possibilities and drive market growth. Continued research and development efforts in polymer science offer opportunities to enhance the properties and performance of polyolefins.

Restraints/Challenges

• Volatility in raw material prices

Polyolefins are derived from crude oil and natural gas, making them susceptible to price fluctuations in the energy and petrochemical markets. Fluctuating raw material prices can impact polyolefin manufacturers' profitability and cost competitiveness, leading to uncertainty and potential restraints on market growth.

• Easy availability of alternative materials

The polyolefin market faces competition from alternative materials such as bio-based polymers, biodegradable plastics, and other sustainable packaging solutions. Adapting to changing consumer preferences and market trends requires continuous innovation and differentiation to maintain market share. Advancements in alternative materials, driven by sustainability goals and technological advancements, may challenge the growth of polyolefins in certain market segments.

This polyolefin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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, geographic expansions, technological innovations in the market. Contact Data Bridge Market Research for an Analyst Brief to gain more info on the polyolefin market. Our team will help you make an informed decision to achieve market growth.

Recent Developments

• In October 2021, LyondellBasell extended its Circulen suite of sustainable solutions to its Advanced Polymer Solutions segment, offering brand owners and OEMs in Europe the opportunity to enhance the sustainability of their products. The Circulen portfolio includes compounds and solutions derived from mechanically and molecularly recycled materials and renewable-based sources. This expansion comes just six months after the launch of Olefins and Polyolefins Circulen products.

• In September 2020, Borealis introduced the Bornewables portfolio, a new range of circular polyolefin products for the European market. These polyolefins are produced using renewable feedstock derived from waste and residue streams, offering the same performance as virgin polyolefins but with a reduced carbon footprint. The Bornewables portfolio enables Borealis customers to lower the carbon footprint of their products without compromising on quality or performance. The entire portfolio is ISCC Plus certified, ensuring the traceability of the sustainably produced feedstock.

Europe Polyolefin Market Scope

The polyolefin market is segmented based on the material type, raw material type, extrusion process, and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.

MATERIAL TYPE

• HDPE (HIGH DENSITY POLYTHENE)
• LDPE (LOW DENSITY POLYTHENE)
• LLDPE (LINEAR LOW HIGH DENSITY POLYTHENE)
• PP (POLYPROPYLENE)
• RECYCLING PP
• POTENTIAL REPLACEMENT FOR CONVENTIONAL MATERIALS

RAW MATERIAL TYPE

• BIO-BASED POLYOLEFINS
• PETRO-BASED POLYOLEFINS

EXTRUSION PROCESS

• FILM
• INJECTION MOLDING
• BLOW MOLDING
• EXTRUSION COATING
• FIBER
• OTHERS

END-USER

• PACKAGING
• CONSTRUCTION
• TRANSPORTATION
• ELECTRICAL AND ELECTRONICS
• CONSUMER GOODS
• HEALTHCARE/MEDICAL
• OTHERS

Polyolefin Market Regional Analysis/Insights

The polyolefin market is analyzed, and market size insights and trends are provided by country, material type, raw material type, extrusion process, and end-user, as referenced above.

The countries covered in the polyolefin market report are Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe.

Germany dominates the polyolefin market because of the growth in the construction industry and the high consumption of rigid plastic packaging.

The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of the global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Growth in the construction industry and increasing demand for fast-moving consumer goods

The polyolefin market also provides a detailed analysis of every country's growth in the construction sector and increasing demand for fast-moving consumer goods and their impact on the polyolefin market. The data is available for the historical period 2015-2020.

Competitive Landscape and Polyolefin Market Share Analysis

The polyolefin market competitive landscape provides details of competitors. 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, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the polyolefin market are:

• Arkema S.A (France)
• BASF SE (Germany)
• Borealis AG (Austria)
• Braskem SA (Brazil)
• DowDuPont (U.S.)
• Eni SpA (Italy)
• Exxon Mobil Corporation (U.S.)
• INEOS Group AG (Switzerland)
• LANXESS (Germany)
• LyondellBasell Industries Holdings B.V (Netherlands)
• PDC Europe (Germany)
• SYSTEMWARE EUROPE Ltd (U.K.)
• Bush Industries, Inc (U.S.)
• EDIMAX Technology Co, Ltd (Taiwan)