PUBLISHER: Lucintel | PRODUCT CODE: 1418087
PUBLISHER: Lucintel | PRODUCT CODE: 1418087
Polyolefin Resin Trends and Forecast
The future of the global polyolefin resin market looks promising with opportunities in the medical device field, automotive field, and chemical field markets. The global polyolefin resin market is expected to reach an estimated $193.1 billion by 2030 with a CAGR of 2.1% from 2024 to 2030. The major drivers for this market are rising adaptation across the end-use industries, growing awareness towards health hazards and consumer safety in various industries, and increasing inclination towards polyolefins rather than PVC.
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Polyolefin Resin by Segment
The study includes a forecast for the global polyolefin resin by product, application, and region.
List of Polyolefin Resin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polyolefin resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polyolefin resin companies profiled in this report include-
Polyolefin Resin Market Insights
Lucintel forecasts that polyethylene is expected to witness the higher growth over the forecast period due to its high polymer density and higher degree of crystallinity.
Within this market, automotive field will remain the largest segment due to increasing adoption of these resins owing to their properties, such as lightweight, ease of processing, sealing, and stiffness.
APAC will remain the largest region over the forecast period due to significantly growing automotive production and presence of key manufacturer in the region.
Features of the Global Polyolefin Resin Market
Market Size Estimates: Polyolefin resin market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Polyolefin resin market size by product, application, and region in terms of value ($B).
Regional Analysis: Polyolefin resin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the polyolefin resin market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the polyolefin resin market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the polyolefin resin market size?
Answer: The global polyolefin resin market is expected to reach an estimated $193.1 billion by 2030.
Q2. What is the growth forecast for polyolefin resin market?
Answer: The global polyolefin resin market is expected to grow with a CAGR of 2.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the polyolefin resin market?
Answer: The major drivers for this market are rising adaptation across the end-use industries, growing awareness towards health hazards and consumer safety in various industries, and increasing inclination towards polyolefins rather than PVC.
Q4. What are the major segments for polyolefin resin market?
Answer: The future of the global polyolefin resin market looks promising with opportunities in the medical device field, automotive field, and chemical field markets.
Q5. Who are the key polyolefin resin market companies?
Answer: Some of the key polyolefin resin companies are as follows.
Q6. Which polyolefin resin market segment will be the largest in future?
Answer: Lucintel forecasts that polyethylene is expected to witness the higher growth over the forecast period due to its high polymer density and higher degree of crystallinity.
Q7. In polyolefin resin market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to significantly growing automotive production and presence of key manufacturer in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.