Polyolefins Market Growth, Size, Revenue, Trends, Competition, Challenges and Future Outlook
Polyolefins Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032
| Published: Feb-2023 | Report ID: CHEM2323 | Pages: 1 - 228 | Formats*: |
| Category : Chemical & Materials | |||
Polyolefins Market Introduction and Overview
According to SPER Market Research, the Global Polyolefins Market is estimated to reach USD 487.46 billion by 2032 with a CAGR of 5.23%.
The report includes an in-depth analysis of the Global Polyolefins market, including market size and trends, Procedure mix, distribution channels, and supplier analysis.Polyolefin, a group of thermoplastic polymers, primarily consists of polyethylene and polypropylene. It is produced through the polymerization of ethylene and propylene, derived mainly from natural gas and oil. These materials are created from olefins or hydrocarbon monomers, and they offer excellent processability, impressive chemical stability, and long-lasting durability. Polyolefin stands as the most commonly employed thermoplastic polymer, finding extensive use across various applications, including packaging, consumer goods, and the production of fibers and textiles.
- November 2022: Stavian Quang Yen Petrochemical, Ltd. chose LyondellBasell's polypropylene (PP) technology for a new large-scale production site. The facility will house a 600-kiloton-per-year PP plant utilizing LyondellBasell's Spheripol technology, marking their first polyolefin venture together.
- August 2022: SABIC SK Nexlene, a collaboration between SABIC and SK Geo Centric, revealed plans to expand its production facility in Ulsan, South Korea. This expansion, set to begin operations in Q2 2024, aims to address the increasing need for NEXLENE-based polyolefin solutions across diverse industries.
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Market Opportunities and Challenges
Global Polyolefins market faces opportunities as well as challenges for the market growth. On the positive side, the polyolefin's exceptional properties make it valuable in sectors like electronics and automotive, contributing to short-term market growth. The increasing emphasis on eco-friendly polyolefin could lead to fresh prospects in the future. Also, the projected growth of the packaging industry in emerging nations like India and China is anticipated to offer attractive prospects for market participants in the forecast period.
On the opposite side, the market may face limitations due to increasing government regulations on plastic, emphasizing environmental concerns. Moreover, the fluctuating prices of raw materials can impede market expansion and can limit the market growth.
Market Competitive Landscape
The Global Polyolefins market is characterized by high competition, with multiple players operating in the industry. The key players in the Global Polyolefins market include Borealis AG, Braskem, Chevron Corp., Dow, Exxon Mobil Corp., LyondellBasell Industries Holdings B.V., PetroChina Company Ltd., Repsol, Sinopec Corp., TotalEnergies, Others. Firms are quickly expanding production capacities to strengthen their market standing. With government backing in numerous nations addressing environmental issues and the rise in construction, polyolefin is projected to grow rapidly in the forecasted timeframe. Various investments are seen throughout the market value chain to enhance green field plants. Many multinational corporations are exploring chances to invest in the European market, expanding the global reach of polyolefins.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Application |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Borealis AG, Braskem, Chevron Corp., Dow, Exxon Mobil Corp., LyondellBasell Industries Holdings B.V., PetroChina Company Ltd., Repsol, Sinopec Corp., TotalEnergies |
COVID-19 Impact on Global Polyolefins Market
The global COVID-19 pandemic led to prolonged lockdowns in several key countries, such as the United States, China, Japan, India, and Germany. This resulted in the partial or complete shutdown of non-essential industrial facilities worldwide, impacting various sectors including automotive and construction. The chemical industry supply chain also suffered significant disruptions due to the pandemic's global spread, affecting the procurement of raw materials and subsequently impacting polyolefin demand and production.
Key Target Audience:
- Automotive Industry
- Construction Industry
- Consumer Goods Manufacturers
- Environmental and Sustainability Organizations
- Manufacturers and Producers
- Packaging Industry
- Recycling and Waste Management Companies
- Research and Development Professionals
- Suppliers of Raw Materials
- Others
Our in-depth analysis of the Polyolefins Market includes the following segments:
| By Type: |
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| By Application: |
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Key Topics Covered in the Report:
- Global Polyolefins Market Size (FY’2023-FY’2032)
- Overview of Global Polyolefins Market
- Segmentation of Global Polyolefins Market By Type (Ethylene-Vinyl Acetate, Polyethylene, Polypropylene, Polystyrene, Others)
- Segmentation of Global Polyolefins Market By Application (Blow Molding, Film & Sheet, Injection Molding, Profile Extrusion, Others)
- Statistical Snap of Global Polyolefins Market
- Expansion Analysis of Global Polyolefins Market
- Problems and Obstacles in Global Polyolefins Market
- Competitive Landscape in the Global Polyolefins Market
- Impact of COVID-19 and Demonetization on Global Polyolefins Market
- Details on Current Investment in Global Polyolefins Market
- Competitive Analysis of Global Polyolefins Market
- Prominent Players in the Global Polyolefins Market
- SWOT Analysis of Global Polyolefins Market
- Global Polyolefins Market Future Outlook and Projections (FY’2023-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Polyolefins Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Polyolefins Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Polyolefins Market
7. Global Polyolefins Market, By Type, 2019-2032 (USD Million)
7.1 Ethylene-Vinyl Acetate7.2 Polyethylene7.3 Polypropylene7.4 Polystyrene7.5 Others
8. Global Polyolefins Market, By Application, 2019-2032 (USD Million)
8.1 Blow Molding8.2 Film & Sheet8.3 Injection Molding8.4 Profile Extrusion8.5 Others
9. Global Polyolefins Market, By Region, 2019-2032 (USD Million)
9.1 Global Polyolefins Market and Market Share by Region (2019-2025)9.2 Global Polyolefins Market and Market Share by Region (2026-2032)9.3 Asia-Pacific
9.3.1 Australia
9.3.2 China9.3.3 India9.3.4 Japan9.3.5 South Korea9.3.6 Rest of Asia-Pacific
9.4 Europe
9.4.1 France9.4.2 Germany9.4.3 Italy9.4.4 Spain9.4.5 United Kingdom9.4.6 Rest of Europe
9.5 Middle East and Africa
9.5.1 Kingdom of Saudi Arabia9.5.2 United Arab Emirates9.5.3 Rest of Middle East & Africa
9.6 North America
9.6.1 Canada9.6.2 Mexico9.6.3 United States
9.7 Latin America
9.7.1 Argentina9.7.2 Brazil9.7.3 Rest of Latin America
10.1 Borealis AG
10.1.1 Company details10.1.2 Financial outlook10.1.3 Product summary10.1.4 Recent developments
10.2 Braskem
10.2.1 Company details10.2.2 Financial outlook10.2.3 Product summary10.2.4 Recent developments
10.3 Chevron Corp.
10.3.1 Company details10.3.2 Financial outlook10.3.3 Product summary10.3.4 Recent developments
10.4 Dow
10.4.1 Company details10.4.2 Financial outlook10.4.3 Product summary10.4.4 Recent developments
10.5 Exxon Mobil Corp.
10.5.1 Company details10.5.2 Financial outlook10.5.3 Product summary10.5.4 Recent developments
10.6 LyondellBasell Industries Holdings B.V.
10.6.1 Company details10.6.2 Financial outlook10.6.3 Product summary10.6.4 Recent developments
10.7 PetroChina Company Ltd.
10.7.1 Company details10.7.2 Financial outlook10.7.3 Product summary10.7.4 Recent developments
10.8 Repsol
10.8.1 Company details
10.8.2 Financial outlook10.8.3 Product summary10.8.4 Recent developments
10.9 Sinopec Corp.
10.9.1 Company details10.9.2 Financial outlook10.9.3 Product summary10.9.4 Recent developments
10.10 TotalEnergies
10.10.1 Company details10.10.2 Financial outlook10.10.3 Product summary10.10.4 Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Polyolefins Market is projected to reach USD 487.46 billion by 2032, growing at a CAGR of 5.23% during the forecast period.
Polyolefins Market grew in market size from 2021. The Market is expected to reach USD 487.46 billion by 2032, at a CAGR of 5.23% during the forecast period.
Polyolefins Market CAGR of 5.23% during the forecast period.
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Polyolefins Market size is USD 487.46 billion from 2022 to 2032.
Polyolefins Market Segment is Covered By Type, By Application.
The North America region is anticipated to have the highest market share in the Polyolefins Market.
The key players in the market include Companies Covered Borealis AG, Braskem, Chevron Corp., Dow, Exxon Mobil Corp., LyondellBasell Industries Holdings B.V., PetroChina Company Ltd., Repsol, Sinopec Corp., TotalEnergies.
The most popular thermoplastic polymer, it can be utilized for a variety of purposes, including packaging, consumer goods, and fibers and textiles.
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