Global Polyolefin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global polyolefin market in its upcoming report titled, “Global Polyolefin Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global polyolefin market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global polyolefin market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Polyolefin is a type of polymer produced by polymerization of olefin (alkene) as a monomer. The chemical formula of polyolefin is CnH2n. It has properties from liquidlike (0 to 60%) to rigid solids (more than 60%), Polyolefin have various forms such as polyolefin elastomers and thermoplastic polyolefin. The liquidlike properties are associated to polyolefin elastomers whereas the thermoplastic polyolefin has rigid and sometimes brittle properties.
The rising demand for polyolefin from packaging industry is a major factor, anticipated to drive the growth of the global polyolefin market. In addition, increasing adoption of polyolefin from industries such as electronics and electrical, construction, and automotive; is another factor expected to fuel the growth of the global market over the forecast period. Moreover, increasing demand from healthcare industry is another factor expected to support the growth of the global market to a considerable extent over the forecast period.
However, the increasing cost of raw material resulted in high product price, which may hamper the demand of polyolefin and restrain the growth of the growth of the global market. Moreover, stringent environmental rules and regulation regarding plastic disposal is another factor affecting the growth of the global polyolefin market. Increasing demand for bio-based polyolefin is about to create an opportunity for the target market. the production capacity of polyolefin with respect to demand ratio is a major challenge for the growth of the global market.
The Asia Pacific polyolefin market accounts for highest share in terms of revenue and volume in the global polyolefin market and is expected to maintain its dominance over the long run. This dominance can be attributed to the growing demand of polyolefin with superior physical properties for film & sheet, and injection molding application in the region. The North America market also accounted for a significant share in the global polyolefin market in terms of revenue and is expected to witness a significant growth over the forecast period, due to the presence of polyolefin manufacturers in the region. The Europe polyolefin market is expected to witness a moderate growth in next few years. Middle East and Africa and Latin America are at a nascent stage in the global market is expected to register a moderate growth rate over the forecast period, owing to the rising demand of polyolefin from construction and packaging industries.
Global Polyolefin Market Segmentation:
Segmentation on the Basis of Product Type:
- Polyethylene (PE)
- Polypropylene (PP)
- Ethylene Vinyl Acetate (EVA)
- Ethylene Propylene Diene Monomer (EPDM)
- Others (Ethylene Propylene, Polymethylpentene, and Polyisobutylene)
Segmentation on the Basis of Application:
- Film & Sheet
- Injection Molding
- Blow Molding
- Profile Extrusion
- Others (Automotive, Construction, and Textiles)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Lyondell Basell Holdings B.V
- China Petroleum & Chemical Corporation
- The Dow Chemical Company
- ExxonMobil Corporation
- Chevron Phillips Chemical Company
- Borealis AG
- Total SA
- Arkema S.A.
- Braskem S.A.
- BASF SE
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