Polyolefin Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (LDPE, LLDPE, HDPE, Others), By Application (Film And Sheets, Blow Molding, Injection Molding, Others) And By Geography - Forecasts From 2020 To 2025

Published:  May 2021 Report Code: KSI061611866 Pages: 120

The global polyolefin market is expected to grow at a CAGR of 8.29% over the forecast period to reach a total market size of US$394.402 billion by 2025, increasing from US$244.512 billion in 2019.

Polyolefin is a collective term for the kinds of plastics that include polyethylene (Low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), and high-density polyethylene (HDPE)), among others are produced from substances that are rich in carbon- coal, natural gas, and oil. Increasing demand from packaging, plastic, construction among other industries is expected to drive the market during the forecast period. However, raw material price volatility is anticipated to hinder the growth of the market in the coming years.

Expanding the solar power industry is driving the market

Polyolefin is widely used in the solar module black sheet and has excellent chemical resistance. Expanding the solar power industry is expected to drive the growth of the market for polyolefin during the forecast period. The graph below shows the power generated by photovoltaic from the year 2010 to 2018, According to the International Energy Agency (IEA), the power generated by PV increased from 32 TWh to 585 TWh in 2018, which is an increase of. This shows that there is an increasing generation of solar power and is projected to boost the use of polyolefin and lead to its market growth.

global polyolefin market

Growing demand in the packaging industry is expected to drive the market during the forecast period.

Food packaging over the years has undergone various revolutionary changes in terms of shape, end-user, and even material used. Increasing disposable income and rising household spending in developing economies like China, India, and Brazil are expected to drive the growth of the market during the forecast period. According to the Organisation for Economic Co-operation and Development, household spending in China has increased from USD 3650.878 billion in 2008 to USD 9809.086 billion in 2018.

global polyolefin market

In addition, a rising number of supermarket companies around the globe are also supporting the growing demand for packed food products which, in turn, is driving the demand for polyolefin in the packaging industry. For instance, according to the USDA statistics, the value of supermarkets in Australia has increased from AU$76,440 million in 2012 to AU$88,414 million in 2017.

Expanding healthcare industry is propelling the market growth opportunities for vendors and manufacturers

Growing the healthcare and pharmaceutical industry is the major driving factor that is boosting the blister packaging market growth. According to the International Trade Administration (ITA), the U.S Department of Commerce, the biopharmaceutical industry accounted for more than $1.3 trillion in economic output, representing 4% of total U.S output in 2015. Increasing investment by market players in the form of acquisition or production capacity with the aim of expanding the product portfolio is expected to drive the growth of the market for blister packaging adoption in the pharmaceutical industry in the coming years. For instance, in October 2018, Merck invested nearly €63 million a part of the €1billion investment plan up to 2020 of transforming the Darmstadt site which will be dedicated to the packaging and shipping of the company's pharma medicine. Furthermore, rising health spending coupled with the growing geriatric population is further anticipated to boost the demand for medicines thus augmenting the market growth opportunities for blister packaging in the coming years. According to the Organisation for Economic Co-operation and Development, per capita, health spending in the United Kingdom has increased from US$2528 in 2006 to US$4246 in 2017. Also, pharmaceutical manufacturers are constantly investing in new packaging lines and upgrading their existing technology so as to provide sophisticated and safe packaging. For an instance, in 2016, Merck KGa invested €50 million in the packaging building at its site in Darmstadt, Germany with an aim to enable the packaging of more than 400 million blisters by using flexible and modern technology. Similarly, in June 2018, Schreiner MediPharm, a Germany- based provider of specialty pharmaceutical labeling options, has developed a smart blister pack so as to enhance medication adherence by clinical trial participants.

The Asia Pacific is estimated to hold a significant share in the market.

By geography, the global polyolefin market has been segmented as North America, South America, Europe, the Middle East and Africa, and Asia Pacific (APAC) regions. The Asia Pacific polyolefin market is dominating the global market, constituting a significant share in 2019 on account of rapid urbanization and increasing the manufacturing industry in countries like China and India. Also, improving the economic environment and stability in many countries within the region is further anticipated to bolster the blister packaging market in the region. In North America, the market is growing at a substantial rate on account of the established pharmaceutical industry. Growing regulation related to single-dose packaging is poised to augment the market growth in the region. Europe holds a significant share in the market due to the widespread adoption of polyolefin in the various end-user industries.

Competitive Insights

Prominent key market players in the global polyolefin market include Exxon Mobil Corporation, SCG Chemicals Co., Ltd., The DOW Chemical Company, Total Polymers, and Borealis AG among others. The number of players in the polyolefin market is large and growing with the opportunity to generate significant revenues as a result of growing demand. Key players in the market are seen to adopt similar strategies and are aiming to expand their market share by expanding their product portfolio. For instance, in 2019, Neste and Borealis AG entered into strategic cooperation for the production of renewable polypropylene. The cooperation enables Borealis to use Neste renewable propane with NEXBTL technology as renewable feedstock at its facility in Kallo and Beringen in Belgium. Also, in 2017, Accutrace™ S10 Molecular Fuel Marker and Canvera™ polyolefin dispersions of DOW chemicals were recognized as the best new innovators that are changing the world and received the 2017 Edison Awards. Big market players are looking to raise their market share and improve their market reach by acquiring SMEs. Moreover, different firms offer differentiated yet similar products to meet the different requirements of the end-users and are investing in a high-quality product portfolio.

Polyolefin Market Scope:

Report Metric Details
 Market size value in 2019  US$244.512 billion
 Market size value in 2025  US$394.402 billion
 Growth Rate  CAGR of 8.29% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., Braskem, The DOW Chemical Company, Sinopec Catalyst CO., LTD, SABIC, INEOS, Borealis AG, Total Polymers, Reliance Industries Limited, The Polyolefin Company (Singapore) Pte Ltd., SCG Chemicals Co., Ltd.
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Type
    • LDPE
    • LLDPE
    • HDPE
    • Others
  •  By Application
    • Film and Sheets
    • Blow Molding
    • Injection Molding
    • Others
  •  By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Nigeria
      • Turkey
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the polyolefin market size by 2025?
A1. The global polyolefin market is expected to reach a market size of US$394.402 billion in 2025. 


Q2. What is the size of the global polyolefin market?
A2. Polyolefin Market was valued at US$244.512 billion in 2019. 


Q3. What are the growth prospects for the polyolefin market?
A3. The polyolefin market is expected to grow at a CAGR of 8.29% over the forecast period. 


Q4. Which region holds the largest market share in the polyolefin market?
A4. The Asia Pacific polyolefin market is dominating the global market, constituting a significant share in 2019 on account of rapid urbanization and increasing the manufacturing industry in countries like China and India. 


Q5. What factors are anticipated to drive the polyolefin market growth?
A5. Increasing demand from packaging, plastic, construction among other industries is expected to drive the polyolefin market during the forecast period.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Polyolefin Market Analysis, By Type
5.1. Introduction
5.2. LDPE
5.3. LLDPE
5.4. HDPE
5.5. Others
 
6. Polyolefin Market Analysis, By Application
6.1. Introduction
6.2. Film and Sheets
6.3. Blow Molding
6.4. Injection Molding
6.5. Others
 
7. Polyolefin Market Analysis, By Geography
7.1. Introduction
7.2. North America (US$ Million) (tons)
7.2.1. North America Polyolefin Market, By Type, 2019 to 2025 (US$ Million) (tons)
7.2.2. North America Polyolefin Market, By Application, 2019 To 2025 (US$ Million) (tons)
7.2.3. By Country
7.2.3.1. United States (US$ Million) (tons)
7.2.3.1.1. By Type
7.2.3.1.2. By Application
7.2.3.2. Canada (US$ Million) (tons)
7.2.3.2.1. By Type
7.2.3.2.2. By Application
7.2.3.3. Mexico (US$ Million) (tons)
7.2.3.3.1. By Type
7.2.3.3.2. By Application
7.3. South America (US$ Million) (tons)
7.3.1. South America Polyolefin Market, By Type, 2019 to 2025 (US$ Million) (tons)
7.3.2. South America Polyolefin Market, By Application, 2019 To 2025 (US$ Million) (tons)
7.3.3. By Country
7.3.3.1. Brazil (US$ Million) (tons)
7.3.3.1.1. By Type
7.3.3.1.2. By Application
7.3.3.2. Argentina (US$ Million) (tons)
7.3.3.2.1. By Type
7.3.3.2.2. By Application
7.3.3.3. Others
7.4. Europe (US$ Million) (tons)
7.4.1. Europe Polyolefin Market, By Type, 2019 to 2025 (US$ Million) (tons)
7.4.2. Europe Polyolefin Market, By Application, 2019 To 2025 (US$ Million) (tons)
7.4.3. By Country
7.4.3.1. UK (US$ Million) (tons)
7.4.3.1.1. By Type
7.4.3.1.2. By Application
7.4.3.2. Germany (US$ Million) (tons)
7.4.3.2.1. By Type
7.4.3.2.2. By Application
7.4.3.3. France (US$ Million) (tons)
7.4.3.3.1. By Type
7.4.3.3.2. By Application
7.4.3.4. Spain (US$ Million) (tons)
7.4.3.4.1. By Type
7.4.3.4.2. By Application
7.4.3.5. Others
7.5. Middle East and Africa (US$ Million) (tons)
7.5.1. Middle East and Africa Polyolefin Market, By Type, 2019 to 2025 (US$ Million) (tons)
7.5.2. Middle East and Africa Polyolefin Market, By Application, 2019 To 2025 (US$ Million) (tons)
7.5.3. By Country
7.5.3.1. Saudi Arabia (US$ Million) (tons)
7.5.3.1.1. By Type
7.5.3.1.2. By Application
7.5.3.2. Nigeria (US$ Million) (tons)
7.5.3.2.1. By Type
7.5.3.2.2. By Application
7.5.3.3. Turkey (US$ Million) (tons)
7.5.3.3.1. By Type
7.5.3.3.2. By Application
7.5.3.4. Others
7.6. Asia Pacific (US$ Million) (tons)
7.6.1. Asia Pacific Polyolefin Market, By Type, 2019 to 2025 (US$ Million) (tons)
7.6.2. Asia Pacific Polyolefin Market, By Application, 2019 To 2025 (US$ Million) (tons)
7.6.3. By Country
7.6.3.1. Japan (US$ Million) (tons)
7.6.3.1.1. By Type
7.6.3.1.2. By Application
7.6.3.2. China (US$ Million) (tons)
7.6.3.2.1. By Type
7.6.3.2.2. By Application
7.6.3.3. India (US$ Million) (tons)
7.6.3.3.1. By Type
7.6.3.3.2. By Application
7.6.3.4. South Korea (US$ Million) (tons)
7.6.3.4.1. By Type
7.6.3.4.2. By Application
7.6.3.5. Indonesia (US$ Million) (tons)
7.6.3.5.1. By Type
7.6.3.5.2. By Application
7.6.3.6. Others
 
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
 
9. Company Profiles
9.1. Exxon Mobil Corporation
9.2. LyondellBasell Industries Holdings B.V.
9.3. Braskem
9.4. The DOW Chemical Company
9.5. Sinopec Catalyst CO.,LTD
9.6. SABIC
9.7. INEOS
9.8. Borealis AG
9.9. Total Polymers
9.10. Reliance Industries Limited
9.11. The Polyolefin Company (Singapore) Pte Ltd.
9.12. SCG Chemicals Co., Ltd.

Exxon Mobil Corporation

LyondellBasell Industries Holdings B.V.

Braskem

The DOW Chemical Company

Sinopec Catalyst CO., LTD

SABIC

INEOS

Borealis AG

Total Polymers

Reliance Industries Limited

The Polyolefin Company (Singapore) Pte Ltd.

SCG Chemicals Co., Ltd.

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us