Polyolefin Market is Expected to Show a Significant Growth During the Forecast Period 2020 – 2025

28th Aug 2020 - Global Polyolefin Market is expected to grow at a significant CAGR of 6.7% and reach USD 348.31 billion by 2025. A polyolefin also termed as polyalkenes, a class of polymers produced from a simple olefin also termed as alkene through polymerization. Polyethylene and polypropylene are the most prominent members of polyolefin. Olefins are the hydrocarbons in which carbon atoms are linked together by a double bond. They are probably derived from low-molecular-weight constituents of petroleum or from natural gas. Generally, polyolefin packaging materials are developed by molding or film extrusion.

Polyolefins represent more than 50% of all polymers consumed in South Africa. These raw materials are cost-effective and their densities are the lowest of all plastics. They can be easily recycled into new plastic products. Moreover, recycling rates can rise if consumers discrete their recyclables from the rest of their waste.

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Rising demand from manufacturers like transportation, plastic, building & construction, and packaging and high demand for plastic products in various applications like blow molding and injection molding are documented as major factors of Polyolefin Market that are estimated to enhance the growth in the years to come. However, high capacity-to-demand ratio is a factor that may restrain overall market growth in the coming years. Polyolefin Market is segmented based on product types, applications, and region.

Thermoplastic olefins, polyethylene, ethylene vinyl acetate, polypropylene, and other product types that could be explored in Polyolefin in the forecast period. Polypropylene and polyethylene are projected to grow at fastest pace in the coming years in terms of volume. This may be because of strong supply-to-demand ratio, high demand for food and packaging, and enhanced R&D sectors. Thermoplastic olefins (TPO) and ethylene vinyl acetate (EVA) follow suit.

The market may be categorized based on applications like profile extrusion, film & sheet, blow molding, injection molding, automotive, plastic modification, building & construction, and others. The film and sheet segment accounted for the largest market share of Polyolefin in terms of volume and is estimated to lead the overall market in the coming years. However, injection molding sector is estimated to grow at fastest pace in the coming years.

The key players of Polyolefin Industry are Lyondell Basell Holdings B.V, Chevron Phillips Chemical Company, ExxonMobil Corporation, Sinopec Corp., BASF SE, Sinopec Corp., and The Dow Chemical Company. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour. 

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Polyolefin Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • Italy

        • France

        • U.K.

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

        • Saudi Arabia

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