Polyolefin

Polyolefin Market Predicted to Garner a Revenue of $ 400 Billion by 2030 Polyolefin Market (By Type: Polyethylene, Polypropylene, Polyolefin Elastomer, and Ethylene Vinyl Acetate; By Application: Film & Sheet, Injection Molding, Blow Molding, and Profile Extrusion) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 - 2030

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As per the experts, the polyolefin market is predicted to record a growth rate of 9.7% from 2021-2030 and is projected to reach US$ 400 billion by 2030.

The study provides the overall revenue of the global polyolefin market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global polyolefin market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the polyolefin industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Polyolefin is a synthetic polymer that is derived from the olefins. Polyolefin is the extensively used for commercial and industrial applications across the globe. Rising demand from the construction and buildings and solar power industries is augmenting the demand for polyolefin. Rapid urbanization, rapid industrialization, development of eco-friendly and bio-based plastics, and development and growth of the solar power industry are among the top driving factors responsible for the growth of the polyolefin market in the upcoming years. Polyethylene and polypropylene are two most common and widely used polyolefin across the industries owing to their flexibility and strength.

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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

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.

Regional Snapshots

Asia Pacific dominated the global polyolefin market in 2020 and projected to augment the market in the coming years. The prime factor attributed for its growth is rapid industrialization, heavy investments in infrastructure, rapid urbanization, growth of e-commerce, and growth of the automotive industry in the region. Many people in Asia Pacific are still dependent on agriculture, therefore there is a huge potential for the growth of the films and sheets segment in the Asia Pacific region.

The North America and Europe polyolefin market is augmented by the packaging, automotive, construction, and transportation industries. Moreover technological advancements in developing sustainable plastic solutions offer lucrative growth opportunities to the key market players in the region. Furthermore, the growing adoption of electric vehicle is augmenting the demand for polyolefin for its durability and lightweight properties. This will significantly boost the demand for the polyolefin in the forthcoming years.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global polyolefin market are as follows:

  • Sinopec Corp.
  • BASF SE
  • Chevron Phillips Chemical Co.
  • ExxonMobil Corp.
  • Reliance Industries
  • Total SE
  • Formosa Plastic Corp.
  • SABIC
  • Repsol
  • LyondellBasell Industries

Segments Covered in the Report

By Type

  • Polyethylene
  • Polypropylene
  • Polyolefin Elastomer
  • Ethylene Vinyl Acetate

By Application

  • Film & Sheet
  • Injection Molding
  • Blow Molding
  • Profile Extrusion

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the polyolefin market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

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.

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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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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