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
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
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Details
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Base Year
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2022
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Historical
Years
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2018 – 2021
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Estimated
Year
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2022
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Forecast
Period
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2023 – 2028
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Quantitative
Units
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Revenue in USD
Million, Volume in Million tonnes, and CAGR for 2018-2022 and 2023E-2028F
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Report
Coverage
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·
Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments
Covered
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·
Technology
·
Catalyst
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Application
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Regional
Scope
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North America; Europe; Asia
Pacific; South America; Middle East & Africa
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Country
Scope
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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
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Key
Companies Profiled
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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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Customization
Scope
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10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing and
Purchase Options
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Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery
Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request)
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