Global Polyolefins Market Overview
According to SPER Market Research, the Global Polyolefins Market is estimated to reach USD 487.46 billion by 2032 with a CAGR of 5.23%.
The thermoplastics polypropylene and polyethylene belong to the polyolefin family. It is mostly produced from natural gas and oil using the polymerization processes of ethylene and propylene. It is made from olefins, hydrocarbons, and monomers, and it has excellent chemical stability, high processability, and long-lasting durability. The most popular thermoplastic polymer, it can be utilized for a variety of purposes, including packaging, consumer goods, and fibers and textiles. Numerous factors, including the development of the solar energy industry and the rise in demand from the packaging industry in developed countries, are fuelling the growth of the worldwide polyolefins market. However, fluctuating raw material prices impede market expansion. On the other hand, throughout the projected period, it is anticipated that the growth of the packaging industry in developing nations like China and India would present profitable prospects for market participants.
The market is anticipated to be driven by the emerging countries' rapid development, rising consumer demand for alcoholic beverages, and light, fuel-efficient vehicles. Due to its use in a variety of industrial applications and its ease of molding, plastic is becoming more and more in demand. Ethylene and propylene are typically polymerized to produce polyolefins from natural gas and oil, respectively. It is formed of monomers, hydrocarbons, and olefins and has excellent chemical stability, a high degree of processability, and a long lifespan. Since it is the most widely used thermoplastic polymer, it may be used in a wide range of products, including packaging, consumer goods, and fibers and textiles.
Impact of COVID-19 on the Global Polyolefins Market
Due to the protracted lockdown in important nations including the United States, China, Japan, India, and Germany, the COVID-19 pandemic outbreak had resulted in the partial or whole shutdown of industrial facilities that do not fall under critical products. In most industrial units around the world, it has caused the closure or suspension of their manufacturing activity. The COVID-19 outbreak has had an impact on polyolefin demand and production. Due to COVID-19's global expansion and resulting decline in polyolefin demand, production processes in sectors including the automotive and construction industries were impacted. The chemical industry supply chain was severely impacted by the worldwide health crisis, which had a significant impact on raw material procurement.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Application
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Borealis AG, Braskem, Chevron Corp., Dow, Exxon Mobil Corp., LyondellBasell Industries Holdings B.V., PetroChina Company Ltd., Repsol, Sinopec Corp., TotalEnergies
|
Global Polyolefins Market Segmentation:
1. By Type:
- Ethylene-Vinyl Acetate
- Polyethylene
- Polypropylene
- Polystyrene
- Others
2. By Application:
- Blow Molding
- Film & Sheet
- Injection Molding
- Profile Extrusion
- Others
3. By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Polyolefins Market (FY’2019-FY’2032)
- Overview of Global Polyolefins Market
- Segmentation of Global Polyolefins Market By Type (Ethylene-Vinyl Acetate, Polyethylene, Polypropylene, Polystyrene, Others)
- Segmentation of Global Polyolefins Market By Application (Blow Molding, Film & Sheet, Injection Molding, Profile Extrusion, Others)
- Statistical Snap of Global Polyolefins Market
- Global Polyolefins Market Growth Analysis
- Problems and Challenges in Global Polyolefins Market
- Global Polyolefins Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Polyolefins Market
- Details on Recent Investment in Global Polyolefins Market
- Competitive Analysis of Global Polyolefins Market
- Major Players in the Global Polyolefins Market
- SWOT Analysis of Global Polyolefins Market
- Global Polyolefins Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Polyolefins Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Polyolefins Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Polyolefins Market
7. Global Polyolefins Market, By Type, 2019-2032 (USD Million)
7.1 Ethylene-Vinyl Acetate
7.2 Polyethylene
7.3 Polypropylene
7.4 Polystyrene
7.5 Others
8. Global Polyolefins Market, By Application, 2019-2032 (USD Million)
8.1 Blow Molding
8.2 Film & Sheet
8.3 Injection Molding
8.4 Profile Extrusion
8.5 Others
9. Global Polyolefins Market, By Region, 2019-2032 (USD Million)
9.1 Global Polyolefins Market and Market Share by Region (2019-2025)
9.2 Global Polyolefins Market and Market Share by Region (2026-2032)
9.3 Asia-Pacific
9.3.1 Australia
9.3.2 China
9.3.3 India
9.3.4 Japan
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 Europe
9.4.1 France
9.4.2 Germany
9.4.3 Italy
9.4.4 Spain
9.4.5 United Kingdom
9.4.6 Rest of Europe
9.5 Middle East and Africa
9.5.1 Kingdom of Saudi Arabia
9.5.2 United Arab Emirates
9.5.3 Rest of Middle East & Africa
9.6 North America
9.6.1 Canada
9.6.2 Mexico
9.6.3 United States
9.7 Latin America
9.7.1 Argentina
9.7.2 Brazil
9.7.3 Rest of Latin America
10. Company Profiles10.1 Borealis AG
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 Braskem
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Chevron Corp.
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 Dow
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 Exxon Mobil Corp.
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 LyondellBasell Industries Holdings B.V.
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
10.7 PetroChina Company Ltd.
10.7.1 Company details
10.7.2 Financial outlook
10.7.3 Product summary
10.7.4 Recent developments
10.8 Repsol
10.8.1 Company details
10.8.2 Financial outlook
10.8.3 Product summary
10.8.4 Recent developments
10.9 Sinopec Corp.
10.9.1 Company details
10.9.2 Financial outlook
10.9.3 Product summary
10.9.4 Recent developments
10.10 TotalEnergies
10.10.1 Company details
10.10.2 Financial outlook
10.10.3 Product summary
10.10.4 Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
