The global polyolefin market size is expected to reach US$ 400 billion by 2030 from US$ 240 billion in 2020 and is expected to grow at an impressive double-digit rate of 9.7% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global polyolefin Market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
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Crucial factors accountable for market growth are:
- Growing demand from automotive industry for making lightweight vehicles
- Increasing demand for films and sheets from the agriculture sector
- Growth and development of solar industry
- Growing demand from Asian countries like China and India
- Rising penetration of foodservice industry will augment the demand for packaging material
- Bio-based and bio-degradable plastic is gaining traction
- E-commerce to boost the demand for packaging materials made of polyolefin
Scope of the Polyolefin Market Report
| Report Coverage | Details |
| Market Size in 2030 | USD 400 Billion |
| Growth Rate between 2021 to 2030 | CAGR of 9.7% |
| Base Year | 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Application |
| Regional Scope | North America, APAC, Europe, Latin America, MEAN, Rest of the World |
| Companies Mentioned | ExxonMobil Corp., Sinopec Corp., Repsol, Total SE, Chevron Phillips Chemical Co., Reliance Industries, BASF SE, Formosa Plastic Corp., SABIC, LyondellBasell Industries |
Report Highlights
- Polyethylene segment led the global polyolefin market with 35% revenue share in 2020. Increased demand from various industries such as industrial, automotive, construction, transportation, and packaging is expected to augment polyolefin demand.
- The polypropylene segment is expected to hit remarkable CAGR during the forecast period 2021 to 2030.
- By application, film & sheet segment held the major revenue share 45% in the global polyolefin market in 2020 owing to the higher demand from the agriculture and industrial sector.
Recent Developments
- In March 2020, LyondellBasell and Liaoning Bora entered into a joint-venture in China to work for developing ethylene cracker and polyolefin derivative complex with 1.1 million ton capacity per year.
- In July 2019, Repsol introduced its new range of polyolefin, called Repsol 50RX2805.
Market Dynamics
Drivers
The growth of the polyolefin market is highly influenced by the sales revenue of the films and sheets application. The film and sheet is one of the major driving force of the market. The increased demand for the films and sheets segment from the majority of the industries such as packaging, agriculture, cosmetics, construction, and automotive industries is driving the growth of the global polyolefin market. Polypropylene, polyethylene, and ethylene vinyl acetate are easily available and the most demanded film and sheets material owing to their strength and cheap prices. Moreover, increasing demand from the developing nations is further expected to fuel the market growth.
Restraints
One of the major restraints of the polyolefin is growing environmental concerns due to huge amount of plastic wastes. The government initiatives to reduce the use of plastic are a key restraining factor. Further, the huge demand and shortage in supply due to factors like trade war between US and China may result in a price hike which may hamper the market growth.
Opportunities
The growing technological innovations and product developments by key players may provide growth opportunities. For instance, the development of bio-degradable and bio-based plastics is expected to be the most opportunistic development in the global polyolefin market in the foreseeable future.
Challenges
The rising initiatives for increasing awareness regarding ban of plastics is a huge challenge. The need for developing sustainable solutions is at its peak in the current market scenario. The growing usage of non-plastic materials by the consumers may constraint the market growth in future.
Why should you invest in this report?
If you are aiming to enter the global polyolefin market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for polyolefin are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the polyolefin market include:
- Sinopec Corp.
- BASF SE
- Chevron Phillips Chemical Co.
- ExxonMobil Corp.
- Reliance Industries
- Total SE
- Formosa Plastic Corp.
- SABIC
- Repsol
- LyondellBasell Industries
Market Segmentation:
By Type
- Polyethylene
- Polypropylene
- Polyolefin Elastomer
- Ethylene Vinyl Acetate
By Application
- Film & Sheet
- Injection Molding
- Blow Molding
- Profile Extrusion
Regional Analysis:
The geographical analysis of the global polyolefin market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global polyolefin Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global polyolefin market in 2030?
- What is the expected CAGR for the polyolefin market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global polyolefin market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Polyolefin Market, By Product
7.1. Polyolefin Market, by Product Type, 2021-2030
7.1.1. Polyethylene
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Polypropylene
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Polyolefin Elastomer
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Ethylene Vinyl Acetate
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Others
7.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Polyolefin Market, By Application
8.1. Polyolefin Market, by Application, 2021-2030
8.1.1. Film & Sheet
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Injection Molding
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Blow Molding
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Profile Extrusion
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Polyolefin Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 10. Company Profiles
10.1. Sinopec Corp.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. BASF SE
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Chevron Phillips Chemical Co.
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. ExxonMobil Corp.
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Reliance Industries
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Total SE
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Formosa Plastic Corp.
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. SABIC
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Repsol
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. LyondellBasell Industries
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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