Global Polyolefins Market is valued at approximately XX in 2021 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2022-2028. Polyolefins are a thermoplastic family that includes polyethylene and polypropylene. They are made by polymerizing ethylene and propylene, which are primarily derived from oil and natural gas but can also be derived from renewable resources. The market has been primarily driven by advances in plastic technology, the introduction of affordable automotive interior décor, and stringent industrial norms governing carbon dioxide emissions.The product’s strong tensile strength and impact resistance have helped to increase demand for it in the packaging, film, and sheet industries. Without noticeably losing strength or quality, polyethylene can be heated to its melting point, chilled, and then heated again as needed. This enables it to be widely utilised in many products, including bags, geomembranes, and plastic films.Construction, transportation, automotive, packaging, textiles, and film & sheet are some of the end-use industries that are growing at a faster rate than the adhesives market. The market share of polyolefins has expanded as a result of the emerging economies’ rapid expansion, rising demand for beverages, and the rise in lightweight, fuel-efficient vehicles. The market is anticipated to grow over the forecast period due to the rise in demand for packaging in the E-Commerce industry. However, the current uncertainty surrounding the availability of raw materials places a significant financial burden on global corporations. Many businesses are working to lower polyolefin prices for end-user industries on a worldwide scale.
The key regions considered for the global Polyolefinsmarketstudy include Asia Pacific, North America, Europe, Latin America, and Rest of the World.The Polyolefin market was dominated by Asia Pacific. Due to growing uses in the construction industry, polypropylene has experienced a tremendous expansion in China and throughout APAC. They are used in a wide range of ways in the automobile sector as well. The Asia Pacific polypropylene market is being driven by factors like chemical resistance, elasticity & toughness, fatigue resistance, insulation, and transmissivity. Whereas, North America is expected to hold a considerable share. The expansion of the region’s process industry has been greatly accelerated, which has, in turn, raised the demand for high-quality PO products with exceptional qualities.
Major market playersincluded in this report are:
Lyondellbasell Industries Holdings N.V.
PetroChina Company Limited
Saudi Arabia Basic Industries Corporation
The DOW Chemical Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Ethylene Vinyl Acetate
Film & Sheet
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Polyolefins Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers