Polyolefins Market Analysis: Plant Capacity, Production, Operating Efficiency, , By Type (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Ethylene-Vinyl Acetate (EVA), Others), By Application (Injection Molding, Film & Sheet, Fiber, Blow Molding, Others), By Regional Demand, 2015 – 2030

Format: Online | Last Updated: Jan 2021

[Online Quarterly Update] Polyolefins demand stood at 146.99 Million Tonnes in 2020 and is forecast to reach 250.43 Million Tonnes by 2030, growing at a healthy CAGR of 5.64% until 2030. Polyolefins comes under a class of polymers that are produced from a simple olefin as a monomer. Polyolefins generally include polyethylene, such as low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), polypropylene (PP) and others. The global plastics industry is dominated by Polyolefins due to their versatile characteristics which make them suitable for a broad spectrum of end-use applications such as rigid plastics, bottles and containers, and flexible films, pouches etc. 
 
The packaging sector dominates the global polyolefin market followed by the building & construction and automotive industry. By type, Polyethylene (PE) holds the largest market share followed by Polypropylene (PP). Growing demand for LLDPE films from the food and pharmaceutical packaging backed by rising HDPE consumption for manufacturing blow-molded containers and construction-related articles would augment the growth of the industry in the coming years. Moreover, the soaring demand for Polypropylene for packaging purposes in food and pharma industries has been one of the key factors driving the overall market. It is estimated that because of its growing applications as an alternative to metal parts in car interior and exterior, the demand for PP injection moulded parts will be spurred by increased production of lighter Electric Vehicles (EVs). Other highly demanded polymers include Polyvinyl Chloride (PVC) resins that are  used especially for the construction-related applications such as piping or window frames. While Polystyrene (PS) is utilized for food packaging applications such as are trays, cups, and bottles and Ethylene Vinyl Acetate for adhesives, sealants, and coatings. All these applications of Polyolefins are likely to fuel its market growth in the forecast period.
 
Polyolefin prices are highly subjected to fluctuations in upstream crude oil. The historic plunge in crude oil during the first half of 2020 rendered a significant fall in the Polyolefins prices during Q1 & Q2 2020 which was largely offset by appreciable demand for polymers from the packaging and medical industry in the wake of the COVID-19 pandemics. 
 
Due to the outbreak of COVID-19 in 2020, the world economy was disrupted. The market was affected drastically, and production and manufacturing units were shut down. Furthermore, the major market players intentionally halted the production keeping their employee’s health and wellness in mind. Despite facing headwinds due to COVID-19 crisis, the global Polyolefins market has shown resilient growth. In 2020, the market has seen a significant rise in demand from the consumer packaging applications as lockdown in various economies triggered a rise in the e-commerce and home deliveries, leading to greater consumption of packaging films and non-durable plastics. Moreover, various government initiatives and revision in FDI policies, etc., are encouraging core companies to setup manufacturing units across major COVID-hit economies across the globe, thereby providing a strong impetus to the global Polyolefins market.
 
Regionally, Asia-Pacific dominates the Polyolefins market globally in terms of demand. There has been a consistent growth in the Polyolefins demand from populous economies like China and India, which are expanding their capacities to fasten their domestic manufacturing base and deepen their penetration in the export markets. Rapid industrialization, growing e-commerce sector and robust demand for packaging applications in the food and beverage sector are the key factors responsible for the market growth. As of 2019, Asia-Pacific and North America are the largest Polyolefin producers and are anticipated to maintain their dominance during the forecast period. 
 
Several Polyolefins players are strategically impending capacity additions to support rising demand from the downstream industries. As per ChemAnalyst, North America will be the second highest in terms of PE capacity additions, after Asia where China and India will hold more than 75% market share in the forecast period. 
 
The leading Polyolefin manufacturers include China Petroleum & Chemical Corporation (Sinopec Corp.), Exxon Mobil Corporation Ltd., LyondellBasell Industries N.V., SABIC, INEOS Group Holdings S.A., Dow Inc. and others. 
 
Years Considered for this Report: 
 
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
 
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
 
Objective of the Study: 
 
• The primary objective of the study was to evaluate and forecast Polyolefins capacity, production, demand, inventory, and demand–supply gap globally. 
• To categorize Polyolefins demand based on type, end use, region and distribution channel. 
• To identify major customers of Polyolefins globally.
• To evaluate and forecast Polyolefins pricing globally.
• To identify and profile major companies operating globally Polyolefins market.
• To identify major news, deals and expansion plans globally Polyolefins market.
 
To extract data for Global Polyolefins market, primary research surveys were conducted with Polyolefins manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Polyolefins market over the coming years. 
 
ChemAnalyst calculated Polyolefins demand globally by analyzing the historical data and demand forecast which was carried out considering imported styrene prices, a monomer used for production of Polyolefins. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience

• Polyolefins manufacturers and other stakeholders
• Organizations, forums and alliances related to Polyolefins distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Polyolefins manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
 
Report Scope: 
 
In this report, the Global Polyolefins market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
146.99 million Tonnes
Market size volume in 2030
250.43 million Tonnes
Growth Rate
CAGR of 5.64% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2030
Quantitative units
Demand in tons and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1. Product Type: (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Ethylene-Vinyl Acetate (EVA) and Others)
2. Application: (Injection Molding, Film & Sheet, Fiber, Blow Molding and Others)
3. Distribution Channel: (Direct/Institutional Sales, Indirect Sales)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
China Petroleum & Chemical Corporation (Sinopec Corp.), Exxon Mobil Corporation Ltd., LyondellBasell Industries N.V., SABIC, INEOS Group Holdings S.A., Dow Inc. and others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needs. Explore purchase options
 
Available Customizations:
 
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. 
 
In case you can’t find what, you are looking for then please get in touch with our custom research team at sales@chemanalyst.com

Frequently Asked Questions (FAQ):

COVID-19

Get COVID-19 Impact Analysis Included in Your Report Free of Cost

Request For COVID-19 Update

Personalize this Research

  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization

Let us help you!

  • What are the Known and Unknown Adjacencies Impacting your target market
  • What will your New Revenue Sources be?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners

Track Real Time Prices

Polyolefin Elastomer (POE)