Polyolefins Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
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.
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.
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:
By Type: Based on the Type, Global Polyolefins Market is segmented as; Ethylene-Vinyl Acetate, Polyethylene, Polypropylene, Polystyrene, Others.
By Application: Based on the Application, Global Polyolefins Market is segmented as; Blow Molding, Film & Sheet, Injection Molding, Profile Extrusion, Others.
By Region: Asia-Pacific is anticipated to have revenue growth across all regions throughout the projection period. This is explained by the existence of developing nations like South Korea, Japan, China, and India.