Polyolefin Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Polyolefin Market: By Product Type (Polyethylene, Polypropylene, Ethylene Vinyl Acetate, Others), By Application (Films and Sheet, Blow Molding, Injection Molding,  Tapes and Fibers, Others), By End User (Packaging, Automotive, Electronic, Agriculture, Construction Materials, Healthcare, Consumer Goods, Others), and Geography

 

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Report

Description

Global Polyolefins Market was valued at USD 240.05 billion in 2020 and is anticipated to grow at USD 355.69 billion till 2027 recording a CAGR of 9.84% during the forecast period 2021-2027 due to increase in demand for polyolefin from end user industries such as automotive, electronics, packaging, and construction industries across the world. Moreover, rise in R&D for the development of newer products with polyolefin, cost effective and better availability of raw materials, increase in the adoption of polyolefin in solar power industry, and wide range of applications with polyolefin films are propel the global polyolefin market revenue over the forecast years. For instance, in June 2016, Borealis extended its Queo polyolefin plastomers (POP) portfolio by launching three newer polyolefin elastomers. Global polyolefin market is surging owing to frequent product approvals and launchings, strategic alliances, and business expansion by the market players. For instance, In October 2019, SK Global Chemical acquired Arkema’s functional polyolefins business to enhance its packaging business segment. Polyolefins are polymers made from simple olefins that have been polymerized. Olefins, also known as alkenes, are hydrocarbons with a double bond between carbon and hydrogen. Polyolefins are a type of plastic that is hard, light, and rigid. Structural plastics, consumer items, industrial products, and food packaging are all places where they’re used. When heated, polyolefins have a waxy feel and expand. When heated and cooled, they maintain their odourless and nonporous properties. As a result, they are an excellent material for food packing. Because of their light weight, durability, and resistance to physical and chemical attacks, polyolefins are favoured over alternative metallic and non-metallic counterparts. Polyolefins come in a variety of forms. They are primarily divided into two categories: thermoplastic and elastomeric compounds. Polyethylene (PE) and polypropylene (PP) are examples of thermoplastic compounds (PP). Low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), and high-density polyethylene (HDPE) are the three types of polyethylene (HDPE). Because of their light weight and great durability, LDPE and HDPE are employed in high-quality package films. Polyisobutylene (PIB), ethylene propylene rubber (EPR), and ethylene propylene diene monomer rubber are examples of elastomeric compounds (EPDM rubber). In the production of pillows and cushions, elastomeric compounds are used.

 


Polyolefin Market

MARKET SUMMARY
-
9.84%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 9.84%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Polyolefin Market

  • The report gives historical, current, and future market sizes (US$ Bn) on the basis of product type, application, end user, and region.
  • This report studies global polyolefin market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, the global polyolefin market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed global polyolefin market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
  • Key stakeholders of the market include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global polyolefin products.
Market Key Players
  • BASF SE
  • The Dow Chemical Company
  • I. Du Pont de Nemours and Company
  • Sinopec Corporation
  • China National Petroleum Corporation
  • Exxon Mobil Corporation
  • LyondellBasell Industries Holdings B.V.
  • Chevron Phillips Chemical Company
  • Petrochina Company Limited
  • SK Global Chemical
  • Borealis AG
Growth

Global Polyolefin Market

Increase in the adoption of polyolefin in end user industries such as automotive, packaging, electronic, and construction industries is a major factor propel the market over the forecast years. In automotive industry polyolefin materials used in internal and external area, body work, and engine section due to lightweight, chemical resistant, and good insulators. Moreover, in packaging industry, polyolefin adoption is gradually increasing due to shift from rigid packaging to flexible packaging by end user industries. Increase in demand for packaged food products with easy-to-open and lightweight packaging also surge the global polyolefin market over the forecast years.


North-America Got Significant Share

Polyolefin Market

Global polyolefin market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among all the regions, Asia Pacific polyolefin market accounted for larger revenue share in 2018 and the market is anticipated to grow at significant growth rate over the forecast years owing to rapid growth in urban population demanding for increase in number of polyolefin production industries in China, South Korea, and APAC countries, rise in adoption of packaged food products, and surge in construction industry in the region. Europe polyolefin market projected to grow at prominent growth rate owing to rapid industrialization, technological advancements in manufacturing process, and increase in disposable income are propel the market revenue in the future year

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their 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 startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Polyolefin Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • BASF SE
  • The Dow Chemical Company
  • I. Du Pont de Nemours and Company
  • Sinopec Corporation
  • China National Petroleum Corporation
  • Exxon Mobil Corporation
  • LyondellBasell Industries Holdings B.V.
  • Chevron Phillips Chemical Company
  • Petrochina Company Limited
  • SK Global Chemical
  • Borealis AG

Description

Global Polyolefins Market was valued at USD 240.05 billion in 2020 and is anticipated to grow at USD 355.69 billion till 2027 recording a CAGR of 9.84% during the forecast period 2021-2027 due to increase in demand for polyolefin from end user industries such as automotive, electronics, packaging, and construction industries across the world. Moreover, rise in R&D for the development of newer products with polyolefin, cost effective and better availability of raw materials, increase in the adoption of polyolefin in solar power industry, and wide range of applications with polyolefin films are propel the global polyolefin market revenue over the forecast years. For instance, in June 2016, Borealis extended its Queo polyolefin plastomers (POP) portfolio by launching three newer polyolefin elastomers. Global polyolefin market is surging owing to frequent product approvals and launchings, strategic alliances, and business expansion by the market players. For instance, In October 2019, SK Global Chemical acquired Arkema’s functional polyolefins business to enhance its packaging business segment. Polyolefins are polymers made from simple olefins that have been polymerized. Olefins, also known as alkenes, are hydrocarbons with a double bond between carbon and hydrogen. Polyolefins are a type of plastic that is hard, light, and rigid. Structural plastics, consumer items, industrial products, and food packaging are all places where they’re used. When heated, polyolefins have a waxy feel and expand. When heated and cooled, they maintain their odourless and nonporous properties. As a result, they are an excellent material for food packing. Because of their light weight, durability, and resistance to physical and chemical attacks, polyolefins are favoured over alternative metallic and non-metallic counterparts. Polyolefins come in a variety of forms. They are primarily divided into two categories: thermoplastic and elastomeric compounds. Polyethylene (PE) and polypropylene (PP) are examples of thermoplastic compounds (PP). Low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), and high-density polyethylene (HDPE) are the three types of polyethylene (HDPE). Because of their light weight and great durability, LDPE and HDPE are employed in high-quality package films. Polyisobutylene (PIB), ethylene propylene rubber (EPR), and ethylene propylene diene monomer rubber are examples of elastomeric compounds (EPDM rubber). In the production of pillows and cushions, elastomeric compounds are used.

 

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