Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Polyolefin Market size was valued at US$ 249.5 billion in 2023 and is expected to grow at a 4.8% CAGR from 2024 to 2030. Polyolefins are manufactured from natural gas & oil by the polymerization of ethylene and propylene. Polyolefin is made from monomers, hydrocarbons, and olefins which have a high processability level, prolonged durability, and chemical stability. Polyolefins are thermoplastic polymers, used in various applications such as packaging, consumer goods, fibers & textiles. Increasing population and rapid industrialization are expected to drive the demand for polyolefins market. In addition, the use of plastic materials is increasing due to the growing food and general packaging industries which is expected to drive the growth of the polyolefins market over the forecast years. In addition, polyolefins are also used in the automotive industries for the manufacturing of interior and exterior parts owing to their high strength, low weight, and durability. Thus, the growing demand for lightweight vehicles for fuel efficiency is expected to boost the growth of the polyolefin market over the forecast period.
Furthermore, the growing use of polyolefins in the manufacture of pipes, roofing membranes, and insulation materials owing to their chemical stability along with the rowing construction industry is anticipated to boost the growth of the polyolefin market over the forecast period. However, the restriction on the use of plastics, strict regulations, and rising environmental concerns regarding the use of plastics is expected to hinder the growth of the polyolefin market in the forecast years. Moreover, technological advancement and the growing trend of using sustainable polyolefins such as biobased and biodegradable polyolefins are expected to provide opportunities to the market players in the growth of the polyolefin market over the forecast years.
Study Period
2024-2030Base Year
2023CAGR
4.80%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
The polyolefin market is expected to grow over the forecasted period due to the increasing demand for plastic packaging across the globe. polyolefins are widely used in packaging industry owing to their excellent barrier properties, lightweight and cost effectiveness. In addition, the increasing demand for packed food and beverages, personal care products, and pharmaceuticals are expected to drive the market growth in this segment. Furthermore, the changing lifestyles, urbanization and growing middle class populations are expected to increase the demand for polyolefin in the forecast period. however, the increasing awareness and environmental concern of people in the use of plastic is expected to increase the adaptability of bio-based and biodegradable polyolefin in the forecast years.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 249.5 billion |
Market CAGR |
4.80% |
By Product Type |
|
By Application |
|
By Region |
|
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The polyolefin market was valued at US$ 249.5 billion in 2023 and is expected to grow at a 4.8% CAGR during the forecast period
The leading players in the global Polyolefin market are ExxonMobil Corporation, SABIC, Total SE, Repsol, INEOS Group AG, Reliance Industries, LyondellBasell Industries N.V., Sinopec Group, Ducor Petrochemical, Formosa Plastics Corporation, Arkema S.A, Borealis AG, Tosoh Corporation.
Increasing demand for plastic in various applications such as automobile, packaging, and film & sheet industry is expected to drive the growth of polyolefin market over the forecast years.
The Polyolefin market is segmented based on product type, application, and geography.
1. Executive Summary |
2. Global Polyolefin Market Introduction |
2.1. Global Polyolefin Market Taxonomy |
2.2. Global Polyolefin Market Definitions |
2.2.1. Type |
2.2.2. Application |
2.2.3. End-User |
3. Global Polyolefin Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Polyolefin Market Dynamic Factors - Impact Analysis |
3.6. Global Polyolefin Market Competition Landscape |
4. Global Polyolefin Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Polyolefin Market Forecast, By Type, 2019 - 2023 and Forecast, 2024 - 2030 |
5.1. Polyethylene |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Polypropylene |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. HDPE |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. LDPE |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. LLDPE |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Ethyl Vinyl Acetate |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Thermoplastic Olefin |
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Others |
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
6. lobal Polyolefin Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 |
6.1. Film & Sheets |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Injection Molding |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Blow Molding |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Profile Extrusion |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Polyolefin Market Forecast, By End-Use, 2019 - 2023 and Forecast, 2024 - 2030 |
7.1. Packaging |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Transportation |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Electrical & Electronics |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Building & Construction |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Agriculture |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Health and Hygiene |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
7.7. Others |
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.7.3. Market Opportunity Analysis |
8. Global Polyolefin Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia-Pacific |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Polyolefin Market - Opportunity Analysis Index, By Type, By Application, By End-Use, and Region, 2024 - 2030 |
9. North America Polyolefin Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.1.1. Polyethylene |
9.1.2. Polypropylene |
9.1.3. HDPE |
9.1.4. LDPE |
9.1.5. LLDPE |
9.1.6. Ethyl Vinyl Acetate |
9.1.7. Thermoplastic Olefin |
9.1.8. Others |
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.2.1. Film & Sheets |
9.2.2. Injection Molding |
9.2.3. Blow Molding |
9.2.4. Profile Extrusion |
9.2.5. Others |
9.3. End-Use Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Packaging |
9.3.2. Transportation |
9.3.3. Electrical & Electronics |
9.3.4. Building & Construction |
9.3.5. Agriculture |
9.3.6. Health and Hygiene |
9.3.7. Others |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Polyolefin Market - Opportunity Analysis Index, By Type, By Application, By End-Use and Country, 2024 - 2030 |
9.6. North America Polyolefin Market Dynamics Trends |
10. Europe Polyolefin Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.1.1. Polyethylene |
10.1.2. Polypropylene |
10.1.3. HDPE |
10.1.4. LDPE |
10.1.5. LLDPE |
10.1.6. Ethyl Vinyl Acetate |
10.1.7. Thermoplastic Olefin |
10.1.8. Others |
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Film & Sheets |
10.2.2. Injection Molding |
10.2.3. Blow Molding |
10.2.4. Profile Extrusion |
10.2.5. Others |
10.3. End-Use Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Packaging |
10.3.2. Transportation |
10.3.3. Electrical & Electronics |
10.3.4. Building & Construction |
10.3.5. Agriculture |
10.3.6. Health and Hygiene |
10.3.7. Others |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Russia |
10.4.7. Poland |
10.4.8. Rest of Europe |
10.5. Europe Polyolefin Market - Opportunity Analysis Index, By Type, By Application, By End-Use and Country, 2024 - 2030 |
10.6. Europe Polyolefin Market Dynamics Trends |
11. Asia-Pacific Polyolefin Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
11.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.1.1. Polyethylene |
11.1.2. Polypropylene |
11.1.3. HDPE |
11.1.4. LDPE |
11.1.5. LLDPE |
11.1.6. Ethyl Vinyl Acetate |
11.1.7. Thermoplastic Olefin |
11.1.8. Others |
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Film & Sheets |
11.2.2. Injection Molding |
11.2.3. Blow Molding |
11.2.4. Profile Extrusion |
11.2.5. Others |
11.3. End-Use Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Packaging |
11.3.2. Transportation |
11.3.3. Electrical & Electronics |
11.3.4. Building & Construction |
11.3.5. Agriculture |
11.3.6. Health and Hygiene |
11.3.7. Others |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Japan |
11.4.2. China |
11.4.3. India |
11.4.4. ASEAN |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Polyolefin Market - Opportunity Analysis Index, By Type, By Application, By End-Use and Country, 2024 - 2030 |
11.6. Asia-Pacific Polyolefin Market Dynamics Trends |
12. Latin America Polyolefin Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
12.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.1.1. Polyethylene |
12.1.2. Polypropylene |
12.1.3. HDPE |
12.1.4. LDPE |
12.1.5. LLDPE |
12.1.6. Ethyl Vinyl Acetate |
12.1.7. Thermoplastic Olefin |
12.1.8. Others |
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Film & Sheets |
12.2.2. Injection Molding |
12.2.3. Blow Molding |
12.2.4. Profile Extrusion |
12.2.5. Others |
12.3. End-Use Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Packaging |
12.3.2. Transportation |
12.3.3. Electrical & Electronics |
12.3.4. Building & Construction |
12.3.5. Agriculture |
12.3.6. Health and Hygiene |
12.3.7. Others |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Polyolefin Market - Opportunity Analysis Index, By Type, By Application, By End-Use and Country, 2024 - 2030 |
12.6. Latin America Polyolefin Market Dynamics Trends |
13. Middle East and Africa Polyolefin Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
13.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.1.1. Polyethylene |
13.1.2. Polypropylene |
13.1.3. HDPE |
13.1.4. LDPE |
13.1.5. LLDPE |
13.1.6. Ethyl Vinyl Acetate |
13.1.7. Thermoplastic Olefin |
13.1.8. Others |
13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Film & Sheets |
13.2.2. Injection Molding |
13.2.3. Blow Molding |
13.2.4. Profile Extrusion |
13.2.5. Others |
13.3. End-Use Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Packaging |
13.3.2. Transportation |
13.3.3. Electrical & Electronics |
13.3.4. Building & Construction |
13.3.5. Agriculture |
13.3.6. Health and Hygiene |
13.3.7. Others |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. Israel |
13.4.3. South Africa |
13.4.4. Rest of MEA |
13.5. MEA Polyolefin Market - Opportunity Analysis Index, By Type, By Application, By End-Use and Country, 2024 - 2030 |
13.6. MEA Polyolefin Market Dynamics Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Feedstock Material & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. LG Chem |
14.2.2. SABIC |
14.2.3. Exxon Mobil Corporation |
14.2.4. LyondellBasell Industries BV |
14.2.5. Arkema Group |
14.2.6. BASF SE |
14.2.7. Braskem |
14.2.8. Chevron Phillips Chemical Company |
14.2.9. China Petrochemical Corporation |
14.2.10. Dow |
14.2.11. Formosa Plastics Corporation |
14.2.12. Japan Polypropylene Corporation |
14.2.13. Mitsubishi Chemical Holdings Corporation |
14.2.14. Nova Chemicals Corporation |
14.2.15. Sasol Ltd |
15. Research Methodology |
16. Key Assumptions and Acronyms |
Key Market Players