Polyolefins Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Polyethylene (PE), Polypropylene (PP), Ethyl Vinyl Acetate (EVA), Thermoplastic Polyolefin (TPO) and Others), By Catalyst (Ziegler–Natta, Chromium, and Others), By Application (Film & Sheet, Injection Molding, Blow Molding and Others), By Region, and Competition

Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format

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Polyolefins Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Polyethylene (PE), Polypropylene (PP), Ethyl Vinyl Acetate (EVA), Thermoplastic Polyolefin (TPO) and Others), By Catalyst (Ziegler–Natta, Chromium, and Others), By Application (Film & Sheet, Injection Molding, Blow Molding and Others), By Region, and Competition

In the financial year 2022, the leading Type of electric vehicle sold in India was two-wheelers, reaching around 231 thousand units.

Polyolefins are a class of man-made polymers chemically manufactured by olefins (unsaturated compounds) polymerization. Many factors influence the growth of the Global Polyolefins market in myriad ways, like end-product stability, multiple applications, and operational functionality. Regardless of the scope of sales volume, manufacturers have found ingenious methods to produce stain-resistant polyolefin fabric, inert plastic packaging polyolefins, or automotive interior components. The most used polyolefins in the market are Polypropylene (P.P.) and Polyethylene (P.E.). Their tendency to get recycled makes them versatile across various end-use industries and markets, including textiles, automobiles, packaging, building, and construction.

Being majorly used for packaging purposes, Polyolefins account for nearly two-thirds of all post-consumer plastic garbage, according to the data released by Plastics Europe Association, wherein recycling capacity installed in Europe represents 23% of all plastic waste of this Type.

Increasing Demand for Lightweight Utility Vehicles

Durable Polyolefins like Polypropylene and Polyethylene are increasingly becoming a prominent part of modern mobility solutions supporting less carbon emission and fuel consumption.

Flourishing Plastic Packaging Industry


MIR Segment1

Plastic films have become a popular choice for food packaging due to their multiple attributes, like minimum susceptibility to contamination and longer shelf-life.

Recent Trends, Developments, and Opportunities

On November 2019, LyondellBasell began operating a project on a new high-density polyethylene plant in La Porte, Texas, which is entirely based upon Hyperzone technology that tends to produce 500,000 tons of HDPE annually. On November 2020, LyondellBasell Industries NV signed a term sheet for a 50/50 Joint Venture with a Chinese firm Liaoning Bora Enterprise Group, to set up a 1.1 million tonnes/year ethylene cracker.

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Market Segmentation

The global Polyolefins Market is segmented based on Type, Catalyst, Application and Regional distribution. Based on Type, the market is further segmented into Polyethylene (P.E.), Polypropylene (P.P.), Ethyl Vinyl Acetate (EVA), Thermoplastic Polyolefin (TPO) and Others. Based on Catalyst, the market is divided into Ziegler–Natta, Chromium, and Others. Based on Application, the market is fragmented into Film & Sheet, Injection Molding, Blow Molding and Others. The market analysis also studies the regional segmentation divided among North American region, European region, Asia-Pacific region, South American region, and Middle East & African region.

Market Players

The Dow Chemicals Company, BASF SE, LyondellBasell Industries N.V., ExxonMobil, Saudi Arabia Basic Industries Corporation, INEOS Group Limited, Chevron Phillips Chemical Company, LLC, L.G. Chem Ltd., LANXESS, ENI (Ente Nazionale Idrocarburi) S.p.A are some of the major market players in Global Polyolefins Market

Attribute

Details

Base Year

2022

Historical Years

2018 â€“ 2021

Estimated Year

2022

Forecast Period

2023 – 2028

Quantitative Units

Revenue in USD Million, Volume in Million tonnes, and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

·         Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Technology

·         Catalyst

·         Application

Regional Scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country Scope

United States, Mexico, Canada, Germany, United Kingdom, France, Russia, Belgium, Spain, Italy, China, India, Japan, Australia, South Korea, Brazil, Colombia, Argentina, UAE, Saudi Arabia, South Africa

Key Companies Profiled

The Dow Chemicals Company, BASF SE, LyondellBasell Industries N.V., ExxonMobil, Saudi Arabia Basic Industries Corporation, INEOS Group Limited, Chevron Phillips Chemical Company, LLC, LG Chem Ltd., LANXESS, ENI (Ente Nazionale Idrocarburi) S.p.A.

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