The Polyolefin Market was valued at USD 262.71 billion in 2024, and is projected to reach USD 357.39 billion by 2030, rising at a CAGR of 5.40%. The market is poised for growth due to increasing adaptation across the end-use industries. The use of polyolefins in automotive applications helps reduce fuel consumption on account of their ability to reduce the density and weight of vehicles compared to conventional materials such as rubber and metal.
The use of polyolefins in automotive applications helps reduce fuel consumption on account of their ability to reduce the density and weight of vehicles compared to conventional materials such as rubber and metal. Increasing awareness regarding health hazards and consumer safety in various industries, such as electronics, healthcare, wire & cable, construction, and automotive, is expected to drive the global market over the forecast period.
The use of polyolefins in automotive applications helps reduce fuel consumption on account of their ability to reduce the density and weight of vehicles compared to conventional materials such as rubber and metal. Increasing awareness regarding health hazards and consumer safety in various industries, such as electronics, healthcare, wire & cable, construction, and automotive, is expected to drive the global market over the forecast period.
In the Polyolefin Market, major players have adopted various strategic initiatives such as new product launch, production expansion, merger & acquisition, and others. These strategic initiatives enable the market players to maintain the competitive environment and meet global demand. For instance, in May 2023, Borealis, an advanced & circular polyolefin solution provider launched Stelora to its existing portfolio of polyolefins. This sustainable engineering polymer provides attributes such as strength, durability, and higher thermal resistance.
Research activities focused on new materials, which combine several properties, are projected to gain wide acceptance in this industry in the coming years. Some of the prominent companies manufacturing these products include China Petrochemical Corporation; LyondellBasell Industries Holdings B.V.; PetroChina Company Limited; TotalEnergies; Chevron Corporation; Repsol; Dow, Inc.; Exxon Mobil Corporation; Braskem; and Borealis AG.
This product will be delivered within 2 business days.
The use of polyolefins in automotive applications helps reduce fuel consumption on account of their ability to reduce the density and weight of vehicles compared to conventional materials such as rubber and metal. Increasing awareness regarding health hazards and consumer safety in various industries, such as electronics, healthcare, wire & cable, construction, and automotive, is expected to drive the global market over the forecast period.
The use of polyolefins in automotive applications helps reduce fuel consumption on account of their ability to reduce the density and weight of vehicles compared to conventional materials such as rubber and metal. Increasing awareness regarding health hazards and consumer safety in various industries, such as electronics, healthcare, wire & cable, construction, and automotive, is expected to drive the global market over the forecast period.
In the Polyolefin Market, major players have adopted various strategic initiatives such as new product launch, production expansion, merger & acquisition, and others. These strategic initiatives enable the market players to maintain the competitive environment and meet global demand. For instance, in May 2023, Borealis, an advanced & circular polyolefin solution provider launched Stelora to its existing portfolio of polyolefins. This sustainable engineering polymer provides attributes such as strength, durability, and higher thermal resistance.
Research activities focused on new materials, which combine several properties, are projected to gain wide acceptance in this industry in the coming years. Some of the prominent companies manufacturing these products include China Petrochemical Corporation; LyondellBasell Industries Holdings B.V.; PetroChina Company Limited; TotalEnergies; Chevron Corporation; Repsol; Dow, Inc.; Exxon Mobil Corporation; Braskem; and Borealis AG.
Polyolefin Market Report Highlights
- Asia-Pacific dominated the market and accounted for a revenue share of over 49.95% in 2024. The Asia-Pacific region stands out for its abundance of skilled labor available at a low cost, as well as easily accessible land.
- The polyethylene (PE) led the market for market across the product segmentation and accounted for a revenue share of over 37.66% in 2024. Polyethylene has witnessed significant growth in recent years with an increase in utilization across prototype development on 3D printers and CNC machines.
- The film & sheet led the market for market across the application segmentation and accounted for a revenue share of over 25.51% in 2024. Polyolefins provide high-quality shrink films with improved clarity and appearance for the consumer goods industry. Polyolefins have stronger puncture resistance, are FDA approved, have no chlorine content, and are more durable; however, they are relatively more expensive.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listings for you to stay ahead of the curve
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This product will be delivered within 2 business days.
Table of Contents
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Polyolefin Market: Variables and Trends
Chapter 4 Polyolefin Market: Product Estimates & Trend Analysis
Chapter 5 Polyolefin Market: Application Estimates & Trend Analysis
Chapter 6 Polyolefin Market: Regional Estimates & Trend Analysis
Chapter 7 Polyolefin Market - Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The major companies featured in this Polyolefin market report include:- China Petrochemical Corporation
- LyondellBasell Industries Holdings B.V.
- PetroChina Company Limited
- TotalEnergies
- Chevron Corporation
- Repsol
- Dow, Inc.
- Exxon Mobil Corporation
- Braskem
- Borealis AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 129 |
| Published | May 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 262.71 Billion |
| Forecasted Market Value ( USD | $ 357.39 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
