Polyolefin Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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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 2021 and is anticipated to grow at USD 355.69 billion till 2028 recording a CAGR of 9.84% during the forecast period 2022-2028 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– 2022-2028
  • Base Year– 2021
  • 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 (2017 to 2021) and forecast (2022 to 2028)
  • 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

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Global Polyolefins Market Introduction
2.1. Global Polyolefins Market – Taxonomy
2.2. Global Polyolefins Market –Definitions
2.2.1. Type
2.2.2. Application
2.2.3. End-Use
3. Global Polyolefins Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Polyolefins Market Dynamic Factors – Impact Analysis
3.6. Global Polyolefins Market – Competition Landscape
4. Global Polyolefins Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Polyolefins Market Forecast, By Type, 2017 – 2021 and Forecast, 2022 – 2028
5.1. Polyethylene
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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 Polyolefins Market Forecast, By Application, 2017 – 2021 and Forecast, 2022 – 2028
6.1. Film & Sheets
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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 Polyolefins Market Forecast, By End-Use, 2017 – 2021 and Forecast, 2022 – 2028
7.1. Packaging
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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 Polyolefins Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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 Polyolefins Market – Opportunity Analysis Index, By Type, By Application, By End-Use, and Region, 2020 – 2026
9. North America Polyolefins Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. Type Analysis 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Polyolefins Market – Opportunity Analysis Index, By Type, By Application, By End-Use and Country, 2020 – 2026
9.6. North America Polyolefins Market Dynamics – Trends
10. Europe Polyolefins Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Type Analysis 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 Polyolefins Market – Opportunity Analysis Index, By Type, By Application, By End-Use and Country, 2020 – 2026
10.6. Europe Polyolefins Market Dynamics – Trends
11. Asia-Pacific Polyolefins Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Type Analysis 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 Polyolefins Market – Opportunity Analysis Index, By Type, By Application, By End-Use and Country, 2020 – 2026
11.6. Asia-Pacific Polyolefins Market Dynamics – Trends
12. Latin America Polyolefins Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Type Analysis 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 Polyolefins Market – Opportunity Analysis Index, By Type, By Application, By End-Use and Country, 2020 – 2026
12.6. Latin America Polyolefins Market Dynamics – Trends
13. Middle East and Africa Polyolefins Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
13.1. Type Analysis 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 2015 – 2019 and Forecast 2020 – 2026 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 Polyolefins Market – Opportunity Analysis Index, By Type, By Application, By End-Use and Country, 2020 – 2026
13.6. MEA Polyolefins 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

Report

Company Profile

  •  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

Description

Global Polyolefins Market was valued at USD 240.05 billion in 2021 and is anticipated to grow at USD 355.69 billion till 2028 recording a CAGR of 9.84% during the forecast period 2022-2028 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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