Polyolefins Market Forecasts to 2028 – Global Analysis By Type, Catalyst (Metallocene Polyethylene (PE), Ziegler-Natta Polyethylene (PE), and Chromium Polyethylene (PE)), Application, End User and By Geography
According to Stratistics MRC, the Global Polyolefins Market is accounted for $275.59 billion in 2020 and is expected to reach $582.22 billion by 2028 growing at a CAGR of 9.8% during the forecast period. Some of the factors such as growth in the solar power industry and increasing demand for Pos in various applications are propelling the market growth. However, a higher capacity to demand ratio is hampering the market growth.
Polyolefins are polymers formed by the polymerization of single olefins. They are generally useful in structural plastics, industrial products, and food packaging. Olefins, also called alkenes, are hydrocarbons with a carbon-hydrogen double bond. Polyolefins are light and rigid by nature. Polyolefins have a waxy texture and expand when heated. These retain their odorless and non-porous nature when heated and cooled.
Based on the type, the polyethylene (PE) segment is estimated to have a lucrative growth due to its increased demand from the healthcare sector for its usefulness as medical plastics in applications such as syringes. This is attributed to its applications in industries such as packaging, automotive, electronics, and others.
By geography, Asia-Pacific is going to have lucrative growth during the forecast period. China is one of the fastest emerging economies and has presently become one of the biggest production houses in the world. Rapid industrialization, a growing e-commerce sector, and robust demand for packaging applications in the food and beverage sector are the key factors responsible for the market growth.
Some of the key players profiled in the Polyolefins Market include Dow DuPont, Sinopec Corporation, Total SA, Arkema SA, LyondellBasell, SABIC, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, BASF SE, Formosa Plastics Corporation, LG Chem Ltd, Japan Polypropylene Corporation, Daelim, Mitsubishi Chemical Holdings Corporation, Sasol Ltd, Tosoh Corporation, Mitsui Chemicals Incorporated, Braskem, China National Petroleum Corporation, Reliance Industries Limited, PetroChina Company Limited, Nova Chemicals Corporation, and China Petrochemical Corporation.
Estimated Market Size in 2020:
USD 275.59 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs& Figures
Type, Catalyst, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Functional Polyolefins
• Thermoplastic Olefins
• Polyethylene (PE)
• Polypropylene (PP)
• Polyolefin Elastomer (POE)
• Ethylene Vinyl Acetate (EVA)
• Polyvinyl Chloride (PVC)
• Metallocene Polyethylene (PE)
• Ziegler-Natta Polyethylene (PE)
• Chromium Polyethylene (PE)
• Film & Sheet
• Extrusion Coating
• Fibers and Raffia
• Pipe & Extrusion
• Compounding and Wire & Cable
• Profile Extrusion
End Users Covered:
• Automotive & Transportation
• Building & Construction
• Plastic Modification
• Electronics & Electricals
• Health and Hygiene
• Consumer Goods
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Polyolefins Market is majorly driven by growth in the solar power industry, rapid industrialization rate and expansion of packaging industry, and demand of environment-friendly adhesives.
The film & sheet segment is growing at the highest CAGR due to the growing use of films in automobile, food & non-food packaging, construction, and solar energy.
The Asia Pacific dominated with a significant market share owing to increased population and growing demand for plastic products.
Asia Pacific market is growing at the highest CAGR owing to the increase in population along with speedy industrialization.
Key players in Polyolefins Market include Dow DuPont, Sinopec Corporation, Total SA, Arkema SA, Lyondell Basell, SABIC, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, BASF SE, Formosa Plastics Corporation, LG Chem Ltd, Japan Polypropylene Corporation, Daelim, Mitsubishi Chemical Holdings Corporation, Sasol Ltd, Tosoh Corporation, Mitsui Chemicals Incorporated, Braskem, China National Petroleum Corporation, Reliance Industries Limited, PetroChina Company Limited, Nova Chemicals Corporation, and China Petrochemical Corporation.
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