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Polyolefins - Global Strategic Business Report

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    Report

  • 591 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030380

Global Polyolefins Market to Reach $458.1 Billion by 2030

The global market for Polyolefins estimated at US$286.6 Billion in the year 2022, is projected to reach a revised size of US$458.1 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Polyethylene (PE), one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$226.8 Billion by the end of the analysis period. Growth in the Polypropylene (pp) segment is estimated at 5.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $54.6 Billion, While China is Forecast to Grow at 7.6% CAGR

The Polyolefins market in the U.S. is estimated at US$54.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$91.9 Billion by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Select Competitors (Total 126 Featured)

  • Arkema S.A.
  • Borealis AG
  • Braskem S.A.
  • Chevron Corporation
  • Ducor Petrochemicals B.V.
  • Exxon Mobil Corporation
  • Formosa Plastics Corporation
  • Ineos Group AG
  • Lyondellbasell Industries Holdings N.V.
  • Qatar Petrochemical Company (QAPCO)
  • Reliance Industries Limited
  • Repsol S.A.
  • Saudi Arabia Basic Industries Corporation
  • Sinopec Catalyst CO.,LTD.
  • The DOW Chemical Company
  • TotalEnergies

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Polyolefins Market

What is the estimated value of the Polyolefins Market?

The Polyolefins Market was estimated to be valued at $286.6 Billion in 2022.

What is the growth rate of the Polyolefins Market?

The growth rate of the Polyolefins Market is 6.0%, with an estimated value of $458.1 Billion by 2030.

What is the forecasted size of the Polyolefins Market?

The Polyolefins Market is estimated to be worth $458.1 Billion by 2030.

Who are the key companies in the Polyolefins Market?

Key companies in the Polyolefins Market include Arkema S.A., Borealis AG, Braskem S.A., Chevron Corporation, Ducor Petrochemicals B.V., Exxon Mobil Corporation, Formosa Plastics Corporation, Ineos Group AG, Lyondellbasell Industries Holdings N.V. and Qatar Petrochemical Company (QAPCO).

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • From Pandemic to War & Inflation: “Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions”
  • Here’s How Inflationary Pressures Affect the Economy
  • Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
  • Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
  • Here’s What’s Causing Inflationary Pressures in the Global Market
  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Anti-Inflation Fiscal Policies & Slower Than Desirable Easing of Inflationary Pressures: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • Competitive Scenario
  • Select Innovations & Advancements
  • Polyolefins - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • Global Market Prospects & Outlook
  • Impact of COVID-19 Pandemic on the Global Polyolefins Market
  • Analysis by Type
  • World Polyolefins Market by Type (2023 & 2030): Percentage Breakdown of Value Sales for Polyethylene (PE), Polypropylene (PP), and Other Types
  • Analysis by Application
  • World Polyolefins Market by Application (2023 & 2030): Percentage Breakdown of Value Sales for Film & Sheet, Injection Molding, Blow Molding, Profile Extrusion, and Other Applications
  • Regional Analysis
  • World Polyolefins Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2023 & 2030)
  • World Polyolefins Market - Geographic Regions Ranked by CAGR (Value) for 2022-2030: Asia-Pacific, China, Latin America, Africa, Middle East, Canada, USA, Europe, and Japan
  • China Remains at the Front & Center of Global Polyolefin-Linked Patterns
  • Polyolefins: A Prelude
  • Manufacturing Process
  • Select Properties of Polyolefins
  • Different Types of Polyolefins
  • Key Applications of Polyolefins
  • Recent Market Activity
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Addressing Unsettling Limitations to Unleash New Avenues for Polyolefin Composites
  • Trends Laying Strong Foundation for Polyolefin Plant Engineering Movement
  • Technology Influences Product Quality & Plant Performance
  • Innovative Technologies to Enable Diverse Spectrum of Tailored, Next-Gen Polyolefins
  • New Approach to Facilitate Up-Cycling of Polyolefin Waste for Sustainability Push
  • Sophisticated Technologies to Enable High-Performance Polyolefin Materials & Products
  • Advanced Properties Making Polyolefins Highly Adaptable
  • Rising Demand for Films and Sheets to Drive Market Growth
  • Unabated & Unrelenting Use of Plastics Across Industries, Despite the Growing Urgency of Plastic Pollution, to Sustain Demand for Polyolefins Films and Sheets
  • Global Plastics Production (In Million Metric Tons) for Years 2015, 2017, 2019, 2021 and 2023
  • Robust Demand for Processed Foods Drives Use of Plastic Films in Food Packaging Applications
  • Demand for Fresh and Safe Food Drives Innovations in High Barrier Films
  • The Massive Processed Food Industry Offers Opportunities on a Platter for the Use of Plastic Film in Food Packaging Applications: Global Market for Processed Foods (In US$ Billion) for Years 2022, 2024, 2026, 2028 and 2030
  • Strong Demand for Flexible Packaging to Support Market Growth
  • A Major Application Area for Plastic Films, Flexible Packaging & Its Strong Demand Patterns Opens a Parallel Avenue for Growth in Downstream Processing: Global Opportunity for Flexible Packaging (In US$ Million) for Years 2023, 2025, and 2027
  • Rising Demand from Automotive Industry Presents Considerable Growth Opportunities for Polyolefin Market
  • Shift towards Lightweight Vehicles Bodes Well for Polyolefins
  • Lightweighting Trend in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016 & 2019
  • COVID-19 Impact on the Automotive Industry: A Review
  • Global Automobile Production (In Million Units) for the Years 2011 - 2021
  • Outlook for 2023 Remains Positive
  • Adoption of Strict Regulations to Control Emissions Augurs Well for Use of Polyolefins in Auto Industry
  • Increasing Penetration of EVs: Potential Opportunities for Polyolefins
  • Global Electric Passenger Car Stock (In Million Units) for the Years 2017, 2018, 2019, 2020 & 2025P
  • Building & Construction: A Promising Market for Polyolefins
  • COVID-19 Impacts Near-term Growth Outlook for the Construction Sector
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Use of Polyolefins for Manufacturing Medical Devices and Packaging Witnesses a Surge
  • Global Medical Devices Market Size (in US$ Billion) for the Years 2021, 2023, 2025 and 2027
  • Global Medical Tubing Market Size in US$ Billion for the Years 2021, 2023, 2025 and 2027
  • Polyethylene Pipes Gain Increasing Acceptance in Natural Gas Transport
  • Global Oil Production (In Million Barrels Per Day) for Years 2018 through 2022
  • Advancements in Material Grade Benefit Growth of Plastic Pipes
  • Inflated Oil Prices Drive Global Capital Expenditure
  • Global E&P CAPEX: 2015-2023
  • Polyethylene: The Preferred Choice in Gas Distribution Pipeline
  • Strong Pipeline Development Activity Opens Parallel Opportunities for Growth of Oil & Gas Pipelines: Global Pipeline Development by Region (In Km) as of the Year 2022
  • Growing Investments in Pipeline Infrastructure Strengthens the Business Case for Oil & Gas Pipes: Global Capital Cost of Pipelines Under Development as of the Year 2022 (IN US$ Billion)
  • Need for Durable Recreational and Sports Goods & Equipment Augurs Well for Polyolefins Market
  • Global Sports Equipment Market Size (in US$ Billion) for 2019, 2022 and 2025
  • Polyolefins Gain in Consumer Electronics Market
  • Growing Market for Consumer Electronics Presents Opportunity for Plastics Market: Consumer Electronics Sales in US$ Billion for the Years 2018, 2020, 2022 and 2024
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Polyolefins Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Polyolefins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Polyolefins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 4: World 16-Year Perspective for Polyolefins by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Polyethylene (PE) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Polyethylene (PE) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 7: World 16-Year Perspective for Polyethylene (PE) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Polypropylene (PP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Polypropylene (PP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 10: World 16-Year Perspective for Polypropylene (PP) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 13: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Film & Sheet by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Film & Sheet by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 16: World 16-Year Perspective for Film & Sheet by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Injection Molding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Injection Molding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 19: World 16-Year Perspective for Injection Molding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Blow Molding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Blow Molding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 22: World 16-Year Perspective for Blow Molding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Profile Extrusion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Profile Extrusion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 25: World 16-Year Perspective for Profile Extrusion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 28: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Polyolefins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • Polyolefins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2023 (E)
  • JAPAN
  • Polyolefins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Polyolefins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Polyolefins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Polyolefins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Polyolefins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Polyolefins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Polyolefins Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Arkema S.A.
  • Borealis AG
  • Braskem S.A.
  • Chevron Corporation
  • Ducor Petrochemicals B.V.
  • Exxon Mobil Corporation
  • Formosa Plastics Corporation
  • Ineos Group AG
  • Lyondellbasell Industries Holdings N.V.
  • Qatar Petrochemical Company (QAPCO)
  • Reliance Industries Limited
  • Repsol S.A.
  • Saudi Arabia Basic Industries Corporation
  • Sinopec Catalyst CO.,LTD.
  • The DOW Chemical Company
  • TotalEnergies