Polyolefins market Data And Industry Growth Analysis | Stratistics Market Research Consulting Polyolefins Market size is expected to grow from US $ 275.59 BN in 2020 to US $ 582.22 BN by 2028, at a CAGR of 9.8%.The market report “Polyolefins Market by Types (Functional Polyolefins, Thermoplastic Olefins, Polyethylene (PE), Polypropylene (PP), Polyolefin Elastomer (POE), Ethylene Vinyl Acetate (EVA), Polystyrene, and Polyvinyl Chloride (PVC)), Catalysts (Metallocene Polyethylene (PE), Ziegler-Natta Polyethylene (PE), and Chromium Polyethylene (PE)), Applications (Film & Sheet, Molding, Extrusion Coating, Fibers and Raffia, Pipe & Extrusion, Compounding and Wire & Cable, Profile Extrusion, and Tapes), End Users (Automotive & Transportation, Building & Construction, Plastic Modification, Packaging, Electronics & Electricals, Pharmaceuticals/Medical, Agriculture, Health and Hygiene, and Consumer Goods) and Region – Forecast to 2028”. The polyolefins market is growing at a CAGR of 9.8% by 2028, owing to the increasing demand for Pos in various applications.
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Based on application, the film & sheet segment is expected to dominate the market.
On the basis of application, the market is categorised into film & sheet, molding, extrusion coating, fibers and raffia, pipe & extrusion, compounding and wire & cable, profile extrusion, and tapes. Film & sheet segment is projected to dominate the market owing to the extensive range of applications across the transportation, packaging, building, and construction, etc. The application scope conjointly expands to packing carrier luggage, agricultural stretch wraps, and industrial luggage.
Based on end user, the packaging segment is expected to dominate the market.
On the basis of end user, the market is segmented into automotive & transportation, building & construction, plastic modification, packaging, electronics & electricals, pharmaceuticals/medical, agriculture, health and hygiene, and consumer goods. The packaging segment is projected to dominate the market due to the growing demand for polyethylene films as a substitute for glass and metal in the packaging industry. Moreover, the growth is also driven by the increase in e-commerce, as the strong courier business has led to a spike in demand for this segment.
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By geography, North America is expected to dominate the market.
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to dominate the market owing to the broad application scope and extensive usage across several key end-use industries such as consumer goods, packaging, construction, footwear, and electronics.
The key players in this market are Dow DuPont, Sinopec Corporation, Total SA, Arkema SA, LyondellBasell, SABIC, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, BASF SE, Formosa Plastics Corporation, LG Chem Ltd, Japan Polypropylene Corporation, Daelim, Mitsubishi Chemical Holdings Corporation, Sasol Ltd, Tosoh Corporation, Mitsui Chemicals Incorporated, Braskem, China National Petroleum Corporation, Reliance Industries Limited, PetroChina Company Limited, Nova Chemicals Corporation, and China Petrochemical Corporation.
Types Covered:
• Functional Polyolefins
• Thermoplastic Olefins
• Polyethylene (PE)
• Polypropylene (PP)
• Polyolefin Elastomer (POE)
• Ethylene Vinyl Acetate (EVA)
• Polystyrene
• Polyvinyl Chloride (PVC)
Catalysts Covered:
• Metallocene Polyethylene (PE)
• Ziegler-Natta Polyethylene (PE)
• Chromium Polyethylene (PE)
Applications Covered:
• Film & Sheet
• Molding
• Extrusion Coating
• Fibers and Raffia
• Pipe & Extrusion
• Compounding and Wire & Cable
• Profile Extrusion
• Tapes
End Users Covered:
• Automotive & Transportation
• Building & Construction
• Plastic Modification
• Packaging
• Electronics & Electricals
• Pharmaceuticals/Medical
• Agriculture
• Health and Hygiene
• Consumer Goods
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