The polyolefin market was exceeded US$ 240 billion in 2020 and is projected to reach US$ 400 billion by 2030, expanding at an annual CAGR of 9.7 percent, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The dairy products market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
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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Market Report Scope
| Report Highlights | Details |
| Market Size | USD 400 Billion by 2030 |
| Growth Rate | CAGR of 9.7% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Application |
Competition Landscape
In the final section of the research report, Precedence Research provided the global polyolefin market structure and a detailed competition landscape to provide a dashboard view of key players operating in the polyolefin market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.
Some of the major 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
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.
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.
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.
Market Segmentation
By Type
- Polyethylene
- Polypropylene
- Polyolefin Elastomer
- Ethylene Vinyl Acetate
By Application
- Film & Sheet
- Injection Molding
- Blow Molding
- Profile Extrusion
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and
Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Most Asked Questions –
- What was the market size value of the polyolefin in 2020?
- What is the expected market size by 2030?
- What is the polyolefin market growth?
- What are the key factors that positively influence market growth?
- Who are the prominent players in the polyolefin market?
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.
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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
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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