Polyolefin Market: By Product Type, By Application, and Geography

Polyolefin Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Polyolefin Elastomers, Polypropylene, Ethylene Vinyl Acetate, Thermoplastic Polyolefin, Others), By Application (Film & Sheet, Furniture & Seating, Injection Molding, Blow Molding, Profile Extrusion, Fibers & Fabrics, Others), and Region

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.  

Polyolefin Market Key Developments:
  • In August 2022, SABIC announced the SABIC SK Nexlene, a joint venture between SABIC and SK Geo Centric for the expansion of their manufacturing plants in South Korea and Ulsan.

Global Polyolefin Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.80%

Largest Market

North America

Fastest Growing Market

Asia-Pacific

Polyolefin Market Dynamics

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.

Global Polyolefin Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 249.5 billion

Market CAGR

4.80%

By Product Type

  • Polyolefin Elastomers
  • Polypropylene
  • Ethylene Vinyl Acetate
  • Thermoplastic Polyolefin
  • Others

By Application

  • Film & Sheet
  • Furniture & Seating
  • Injection Molding
  • Blow Molding
  • Profile Extrusion
  • Fibers & Fabrics
  • Others

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

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Frequently Asked Questions

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.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

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

  •  LG Chem
  •  SABIC
  •  Exxon Mobil Corporation
  •  LyondellBasell Industries BV
  •  Arkema Group
  •  BASF SE
  •  Braskem
  •  Chevron Phillips Chemical Company
  •  China Petrochemical Corporation
  •  Dow
  • Formosa Plastics Corporation
  • Japan Polypropylene Corporation
  • Mitsubishi Chemical Holdings Corporation
  • Nova Chemicals Corporation
  • Sasol Ltd

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