Polyolefin Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Polyolefin Market
The polyolefin market size was valued at USD 264.8 billion in 2023, and the market is now projected to grow from USD 274.22 billion in 2024 to USD 382.56 billion by 2032, exhibiting a CAGR of 4.2% during the forecast period of 2024-2032.
The polyolefin market growth also experienced a decline due to major consequences of the COVID-19 outbreak that profoundly affected the overall economy and thus, brought down the usage in all segments including automotive, packing, and construction. But, due to the covid 19 pandemic, there was a temporary contraction in the market; however, in the following year, the market is expected to have a steady increase because the economies are gradually opening up and there is more focus on the use of materials that are sustainable and recyclable.
Packaging industry use of polyolefins has risen due to enhanced characteristics of polyolefins in the packaging of products. E-commerce has greatly enhanced this demand, packaged items in e-shops and Increasing online orders call for strong, thin, and versatile packaging materials that can be met by polyolefins may also contribute to the rising polyolefin market share.
Increased global demand for lightweight and fuel efficient automobiles are some of the significant factors that is boosting market growth. Today polymers are being widely integrated in automobiles as interior and exterior trims, fuel system, electrical parts and under bonnet products. Also, copolymers such as thermoplastic olefins which are polyolefin/elastomer blends are used for weather-stripping, roofing membranes, and other flexible yet, highly durable applications.
Comprehensive Analysis of Polyolefin Market
The polyolefin market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by type, by application, and by end-use industry. The types include: polyethylene, polypropylene, and others. However, the applications include: injection molding, films & sheets, blow molding, profile extrusion, & others. By end-use industry it can be segmented into: packaging, construction, automotive, electronics & electrical, pharmaceuticals, & others.
The Asia Pacific region leads the polyolefin market by benefitting a market size of USD 125.49 billion in 2023 due to the presence of a large number of manufacturers in the region.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: Sinopec Catalyst CO., LTD. (China) LyondellBasell Industries Holdings B.V. (Netherlands) Exxon-MobiL Corporation (U.s.) Braskem S.A. (Brazil) Arkema S.A. (France) Formosa Plastics Corporation (U.S.) Borealis AG (Austria) DOW (U.s.) SABIC (Saudi Arabia) Total Energies (France).
In January 2024, PetroChina Lanhai Advanced Material announced its plans to construct a polyolefin plant in Nantong, Jiangsu province to expand its production capabilities and meet rising product demands.
Segmentation Table
Global Polyolefin Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 4.2% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Type, By Applications, & By End-use Industry
By Type Polyethylene (PE)
Polypropylene (PP)
Others
By Applications Injection Molding
Film & Sheets
Blow Molding
Profile Extrusion
Others
By End-use Industry Packaging
Construction
Automotive
Electronics & Electricals
Pharmaceuticals
Others
By Region North America (By Type, Application, By End-use Industry, and Country)
- U.S. (By End-use Industry)
- Canada (By End-use Industry)
Europe (By Component, Application, and Country)
- U.K. (By End-use Industry)
- Germany (By End-use Industry)
- France (By End-use Industry)
- Italy (By End-use Industry)
- Rest of Europe (By End-use Industry)
Asia Pacific (By Component, Application, and Country)
- China (By End-use Industry)
- Japan (By End-use Industry)
- India (By End-use Industry)
- South Korea (By End-use Industry)
- Rest of Asia Pacific (By End-use Industry)
South America (By Component, Application, and Country)
- Brazil (By End-use Industry)
- Mexico (By End-use Industry)
- Rest of South America (By End-use Industry)
Middle East & Africa (By Component, Application, and Country)
- GCC (By End-use Industry)
- South Africa (By End-use Industry)
- Rest of Middle East & Africa (By End-use Industry)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Sustainability
- 4.5. Porters Five Forces Analysis
- 4.6. Impact of COVID-19 on Market
- 5. Global Polyolefin Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Type (Volume/Value)
- 5.2.1. Polyethylene (PE)
- 5.2.2. Polypropylene (PP)
- 5.2.3. Others
- 5.3. By Application (Volume/Value)
- 5.3.1. Injection Molding
- 5.3.2. Film & Sheets
- 5.3.3. Blow Molding
- 5.3.4. Profile Extrusion
- 5.3.5. Intermediates
- 5.3.6. Others
- 5.4. By End-Use Industry (Volume/Value)
- 5.4.1. Packaging
- 5.4.2. Construction
- 5.4.3. Electronics & Electricals
- 5.4.4. Automotive
- 5.4.5. Pharmaceuticals
- 5.4.6. Others
- 5.5. By Region (Volume/Value)
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Polyolefin Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Type (Volume/Value)
- 6.2.1. Polyethylene (PE)
- 6.2.2. Polypropylene (PP)
- 6.2.3. Others
- 6.3. By Application
- 6.3.1. Injection Molding
- 6.3.2. Film & Sheets
- 6.3.3. Blow Molding
- 6.3.4. Profile Extrusion
- 6.3.5. Intermediates
- 6.3.6. Others
- 6.4. By End-Use Industry (Volume/Value)
- 6.4.1. Packaging
- 6.4.2. Construction
- 6.4.3. Electronics & Electricals
- 6.4.4. Automotive
- 6.4.5. Pharmaceuticals
- 6.4.6. Others
- 6.5. By Country (Volume/Value)
- 6.5.1. U.S.
- 6.5.1.1. By End-Use Industry (Volume/Value)
- 6.5.1.1.1. Packaging
- 6.5.1.1.2. Construction
- 6.5.1.1.3. Electronics & Electricals
- 6.5.1.1.4. Automotive
- 6.5.1.1.5. Pharmaceuticals
- 6.5.1.1.6. Others
- 6.5.2. Canada
- 6.5.2.1. By End-Use Industry (Volume/Value)
- 6.5.2.1.1. Packaging
- 6.5.2.1.2. Construction
- 6.5.2.1.3. Electronics & Electricals
- 6.5.2.1.4. Automotive
- 6.5.2.1.5. Pharmaceuticals
- 6.5.2.1.6. Others
- 7. Europe Polyolefin Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Type (Volume/Value)
- 7.2.1. Polyethylene (PE)
- 7.2.2. Polypropylene (PP)
- 7.2.3. Others
- 7.3. By Application
- 7.3.1. Injection Molding
- 7.3.2. Film & Sheets
- 7.3.3. Blow Molding
- 7.3.4. Profile Extrusion
- 7.3.5. Intermediates
- 7.3.6. Others
- 7.4. By End-Use Industry (Volume/Value)
- 7.4.1. Packaging
- 7.4.2. Construction
- 7.4.3. Electronics & Electricals
- 7.4.4. Automotive
- 7.4.5. Pharmaceuticals
- 7.4.6. Others
- 7.5. By Country (Volume/Value)
- 7.5.1. Germany
- 7.5.1.1. By End-Use Industry (Volume/Value)
- 7.5.1.1.1. Packaging
- 7.5.1.1.2. Construction
- 7.5.1.1.3. Electronics & Electricals
- 7.5.1.1.4. Automotive
- 7.5.1.1.5. Pharmaceuticals
- 7.5.1.1.6. Others
- 7.5.2. Italy
- 7.5.2.1. By End-Use Industry (Volume/Value)
- 7.5.2.1.1. Packaging
- 7.5.2.1.2. Construction
- 7.5.2.1.3. Electronics & Electricals
- 7.5.2.1.4. Automotive
- 7.5.2.1.5. Pharmaceuticals
- 7.5.2.1.6. Others
- 7.5.3. U.K.
- 7.5.3.1. By End-Use Industry (Volume/Value)
- 7.5.3.1.1. Packaging
- 7.5.3.1.2. Construction
- 7.5.3.1.3. Electronics & Electricals
- 7.5.3.1.4. Automotive
- 7.5.3.1.5. Pharmaceuticals
- 7.5.3.1.6. Others
- 7.5.4. France
- 7.5.4.1. By End-Use Industry (Volume/Value)
- 7.5.4.1.1. Packaging
- 7.5.4.1.2. Construction
- 7.5.4.1.3. Electronics & Electricals
- 7.5.4.1.4. Automotive
- 7.5.4.1.5. Pharmaceuticals
- 7.5.4.1.6. Others
- 7.5.5. Rest of Europe
- 7.5.5.1. By End-Use Industry (Volume/Value)
- 7.5.5.1.1. Packaging
- 7.5.5.1.2. Construction
- 7.5.5.1.3. Electronics & Electricals
- 7.5.5.1.4. Automotive
- 7.5.5.1.5. Pharmaceuticals
- 7.5.5.1.6. Others
- 8. Asia-Pacific Polyolefin Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Type (Volume/Value)
- 8.2.1. Polyethylene (PE)
- 8.2.2. Polypropylene (PP)
- 8.2.3. Others
- 8.3. By Application
- 8.3.1. Injection Molding
- 8.3.2. Film & Sheets
- 8.3.3. Blow Molding
- 8.3.4. Profile Extrusion
- 8.3.5. Intermediates
- 8.3.6. Others
- 8.4. By End-Use Industry (Volume/Value)
- 8.4.1. Packaging
- 8.4.2. Construction
- 8.4.3. Electronics & Electricals
- 8.4.4. Automotive
- 8.4.5. Pharmaceuticals
- 8.4.6. Others
- 8.5. By Country (Volume/Value)
- 8.5.1. China
- 8.5.1.1. By End-Use Industry (Volume/Value)
- 8.5.1.1.1. Packaging
- 8.5.1.1.2. Construction
- 8.5.1.1.3. Electronics & Electricals
- 8.5.1.1.4. Automotive
- 8.5.1.1.5. Pharmaceuticals
- 8.5.1.1.6. Others
- 8.5.2. India
- 8.5.2.1. By End-Use Industry (Volume/Value)
- 8.5.2.1.1. Packaging
- 8.5.2.1.2. Construction
- 8.5.2.1.3. Electronics & Electricals
- 8.5.2.1.4. Automotive
- 8.5.2.1.5. Pharmaceuticals
- 8.5.2.1.6. Others
- 8.5.3. South Korea
- 8.5.3.1. By End-Use Industry (Volume/Value)
- 8.5.3.1.1. Packaging
- 8.5.3.1.2. Construction
- 8.5.3.1.3. Electronics & Electricals
- 8.5.3.1.4. Automotive
- 8.5.3.1.5. Pharmaceuticals
- 8.5.3.1.6. Others
- 8.5.4. Japan
- 8.5.4.1. By End-Use Industry (Volume/Value)
- 8.5.4.1.1. Packaging
- 8.5.4.1.2. Construction
- 8.5.4.1.3. Electronics & Electricals
- 8.5.4.1.4. Automotive
- 8.5.4.1.5. Pharmaceuticals
- 8.5.4.1.6. Others
- 8.5.5. Rest of Asia Pacific
- 8.5.5.1. By End-Use Industry (Volume/Value)
- 8.5.5.1.1. Packaging
- 8.5.5.1.2. Construction
- 8.5.5.1.3. Electronics & Electricals
- 8.5.5.1.4. Automotive
- 8.5.5.1.5. Pharmaceuticals
- 8.5.5.1.6. Others
- 9. Latin America Polyolefin Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Type (Volume/Value)
- 9.2.1. Polyethylene (PE)
- 9.2.2. Polypropylene (PP)
- 9.2.3. Others
- 9.3. By Application
- 9.3.1. Injection Molding
- 9.3.2. Film & Sheets
- 9.3.3. Blow Molding
- 9.3.4. Profile Extrusion
- 9.3.5. Intermediates
- 9.3.6. Others
- 9.4. By End-Use Industry (Volume/Value)
- 9.4.1. Packaging
- 9.4.2. Construction
- 9.4.3. Electronics & Electricals
- 9.4.4. Automotive
- 9.4.5. Pharmaceuticals
- 9.4.6. Others
- 9.5. By Country (Volume/Value)
- 9.5.1. Brazil
- 9.5.1.1. By End-Use Industry (Volume/Value)
- 9.5.1.1.1. Packaging
- 9.5.1.1.2. Construction
- 9.5.1.1.3. Electronics & Electricals
- 9.5.1.1.4. Automotive
- 9.5.1.1.5. Pharmaceuticals
- 9.5.1.1.6. Others
- 9.5.2. Mexico
- 9.5.2.1. By End-Use Industry (Volume/Value)
- 9.5.2.1.1. Packaging
- 9.5.2.1.2. Construction
- 9.5.2.1.3. Electronics & Electricals
- 9.5.2.1.4. Automotive
- 9.5.2.1.5. Pharmaceuticals
- 9.5.2.1.6. Others
- 9.5.3. Rest of Latin America
- 9.5.3.1. By End-Use Industry (Volume/Value)
- 9.5.3.1.1. Packaging
- 9.5.3.1.2. Construction
- 9.5.3.1.3. Electronics & Electricals
- 9.5.3.1.4. Automotive
- 9.5.3.1.5. Pharmaceuticals
- 9.5.3.1.6. Others
- 10. Middle East & Africa Polyolefin Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Type (Volume/Value)
- 10.2.1. Polyethylene (PE)
- 10.2.2. Polypropylene (PP)
- 10.2.3. Others
- 10.3. By Application
- 10.3.1. Injection Molding
- 10.3.2. Film & Sheets
- 10.3.3. Blow Molding
- 10.3.4. Profile Extrusion
- 10.3.5. Intermediates
- 10.3.6. Others
- 10.4. By End-Use Industry (Volume/Value)
- 10.4.1. Packaging
- 10.4.2. Construction
- 10.4.3. Electronics & Electricals
- 10.4.4. Automotive
- 10.4.5. Pharmaceuticals
- 10.4.6. Others
- 10.5. By Country (Volume/Value)
- 10.5.1. GCC
- 10.5.1.1. By End-Use Industry (Volume/Value)
- 10.5.1.1.1. Packaging
- 10.5.1.1.2. Construction
- 10.5.1.1.3. Electronics & Electricals
- 10.5.1.1.4. Automotive
- 10.5.1.1.5. Pharmaceuticals
- 10.5.1.1.6. Others
- 10.5.2. South Africa
- 10.5.2.1. By End-Use Industry (Volume/Value)
- 10.5.2.1.1. Packaging
- 10.5.2.1.2. Construction
- 10.5.2.1.3. Electronics & Electricals
- 10.5.2.1.4. Automotive
- 10.5.2.1.5. Pharmaceuticals
- 10.5.2.1.6. Others
- 10.5.3. Rest of Middle East & Africa
- 10.5.3.1. By End-Use Industry (Volume/Value)
- 10.5.3.1.1. Packaging
- 10.5.3.1.2. Construction
- 10.5.3.1.3. Electronics & Electricals
- 10.5.3.1.4. Automotive
- 10.5.3.1.5. Pharmaceuticals
- 10.5.3.1.6. Others
- 11. Company Profiles
- 11.1. Sinopec Catalyst CO.,LTD.
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Product Portfolio
- 11.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5. Recent Developments
- 11.2. LyondellBasell Industries Holdings B.V.
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Product Portfolio
- 11.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5. Recent Developments
- 11.3. Exxon Mobil Corporation
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Product Portfolio
- 11.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5. Recent Developments
- 11.4. Braskem S.A.
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Product Portfolio
- 11.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.4.5. Recent Developments
- 11.5. Arkema S.A.
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Product Portfolio
- 11.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.5. Recent Developments
- 11.6. Formosa Plastics Corporation
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Product Portfolio
- 11.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.6.5. Recent Developments
- 11.7. Borealis AG
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Product Portfolio
- 11.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.7.5. Recent Developments
- 11.8. DOW
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Product Portfolio
- 11.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.8.5. Recent Developments
- 11.9. SABIC
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Product Portfolio
- 11.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.9.5. Recent Developments
- 11.10. Total Energies
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Product Portfolio
- 11.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.10.5. Recent Developments
- 12. Strategic Recommendations
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