Polyolefin Market 2022-2028

List of Tables

Global Polyolefin Market Size, Share & Trends Analysis Report by Product (Polyethylene (PE)

Polypropylene (PP), Ethylene Propylene Diene Monomer (EPDM), Others (EVA)) by Application (Packaging, Consumer Goods, Building and Construction, Electronics, and Automotive) Forecast 2022-2028

The global polyolefin market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. The market growth is attributed to the increasing application of polyolefins in the packaging industry. The application of polyolefin in packaging is growing in various industries such as food packaging, bulk packaging, cosmetics packaging, drug packaging, and the textile industry. Polyolefin packaging provides stronger, safer, cleaner, and more sustainable packaging options compared to other thermoplastic materials. Moreover, the rising production and sale of automobiles and the increasing trend of adopting lightweight vehicles is another major factor boosting the growth of the global polyolefin market. According to a European Commission report, in January 2020, passenger cars are responsible for around 12% of total EU emissions of carbon dioxide, and light commercial vehicles are responsible for 2.5% of carbon dioxide which is the main greenhouse gas.

The global polyolefin market is segmented based on product, and application. Based on the product the market is bifurcated into polyethylene (pe), polypropylene (pp), ethylene propylene diene monomer (epdm), others (eva). Based on application the market is sub-divided into packaging, consumer goods, building & construction, electronics, and automotive. Based on application, the automotive segment is expected to grow at the fastest rate, during the forecast period. The rising production of vehicles and the growing adoption of lightweight vehicles are the major factor that is augmenting the growth. The use of polyolefin-based plastics is likely to increase significantly over the decade even a 10% reduction in vehicle weight yields a 6.5% reduction in fuel consumption, which in turn results in reduced carbon emissions.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The plastics industry in European region, is anticipated to expand in the near future, owing to robust growth being experienced by the Europe under the electrical & electronics industry. The rising population and infrastructure in emerging economies such as UK, France, and Germany are anticipated to inherit the development of plastics from polyolefins over the forecast period.

The major companies serving the global polyolefin market Exxon Mobil Corp., Lyondell Basell, Saudi Basic Industries Corp. (SABIC), Sumitomo Chemical Co. Ltd., The Dow Chemical Co., INEOS AG, Lyondell Basell Industries Holdings B.V., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, Braskem announced that its polypropylene(PP) filament and pellets for additive manufacturing are available on Nexeo Plastics, LLC's online marketplace. Braskem's polypropylene filaments and pellets are based on their recyclability, impact strength, chemical resistance, and dimensional stability, which provides durable living hinge capabilities, along with lower density than other plastics.

Research Methodology

The market study of the global polyolefin market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Polyolefin Market Research and Analysis by Product

2. Global Polyolefin Market Research and Analysis by Application

The Report Covers:

Comprehensive Research Methodology of the global polyolefin market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global polyolefin market.
Insights about market determinants that are stimulating the global polyolefin market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026486

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global POLYOLEFINMarket
Recovery Scenario of Global POLYOLEFINMarket
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight AND Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key CompanyAnalysis
- 3.1.1. Exxon Mobil Corp.
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Lyondell Basell
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Saudi Basic Industries Corp. (SABIC)
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Sumitomo Chemical Co. Ltd.
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. The Dow Chemical Co.
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players

4. Market Determinants

4.1. Motivators
4.2. Restraints
4.3. Opportunities

5. Market Segmentation

5.1. Global Polyolefin Market by Product
- 5.1.1. Polyethylene (PE)
- 5.1.2. Polypropylene (PP)
- 5.1.3. Ethylene Propylene Diene Monomer (EPDM)
- 5.1.4. Others (EVA)
5.2. Global Polyolefin Market by Applcation
- 5.2.1. Packaging
- 5.2.2. Consumer Goods
- 5.2.3. Building and Construction
- 5.2.4. Electronics
- 5.2.5. Automotive

6. Regional Analysis

6.1. North America
- 6.1.1. United States
- 6.1.2. Canada
6.2. Europe
- 6.2.1. UK
- 6.2.2. Germany
- 6.2.3. Italy
- 6.2.4. Spain
- 6.2.5. France
- 6.2.6. Rest of Europe
6.3. Asia-Pacific
- 6.3.1. China
- 6.3.2. India
- 6.3.3. Japan
- 6.3.4. South Korea
- 6.3.5. Rest of Asia-Pacific
6.4. Rest of the World

7. Company Profiles

7.1. Arya Sasol Polymer Co.
7.2. Asahi Kasei Corp.
7.3. Avient Corp.
7.4. BASF SE
7.5. Braskem
7.6. Chevron Phillips Chemical Co.
7.7. China National Petroleum Corp.
7.8. EQUATE
7.9. Evonik Industries AG
7.10. Exxon Mobil Corp.
7.11. Formosa Plastics Corp.
7.12. INEOS AG
7.13. Jam Petrochemical Co.,
7.14. LANXESS
7.15. Lotte Chemical Co., Ltd.
7.16. LyondellBasell Industries Holdings B.V.
7.17. Mitsubishi Chemical Corp.
7.18. PolyOne Corp.
7.19. PTT Public Co., Ltd.
7.20. Saudi Basic Industries Corp. (SABIC)
7.21. Sumitomo Chemical Co., Ltd.
7.22. The DOW Chemical Co.
7.23. Toray Industries, Inc.