[227+ Pages Report] According to a market research study published by Facts and Factors, the demand analysis of Global Polyolefins Market size & share revenue was valued at USD 295.2 billion in 2021 and is estimated to grow to about USD 395.7 billion by 2028, at a CAGR of approximately 5% between 2022 and 2028. The key market players are listed in the report with their sales, revenues and strategies are Sinopec Corporation, Lyondellbasell Industries Holdings N.V., ExxonMobil Chemical, Petrochina Company Limited, Saudi Arabia Basic Industries Corporation, The DOW Chemical Company, Braskem S.A., Total S.A., Arkema S.A., Borealis AG, Ineos Group AG, Abu Dhabi Polymers Company Ltd. (Borouge), and others.
/EIN News/ — NEW YORK, NY, June 09, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Polyolefins Market – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast Report 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Polyolefins Market size & share was witnessed USD 295.2 billion in 2021 and it is expected to surpass around USD 395.7 billion Mark, by 2028, at a compound annual growth rate (CAGR) of about 5% during the forecast period 2022 to 2028.”
What are Polyolefins? How big is the Polyolefins Industry?
The business has been driven by increasing innovation in plastic technologies, the introduction of low-cost interior furnishings in automobiles, and rigorous industrial requirements regulating carbon emissions. In terms of volume, polyethylene is the fastest-growing product, with a CAGR of 5% during the forecast period. The product’s strong tensile strength and impact resistance have contributed to its demand in the film, sheet, and packaging industries. Polyethylene may be heated to its melting point, chilled, and then heated again as needed without substantial strength or quality damage. This enables it to be employed in a variety of applications, including geomembranes, plastic films, and bags.
Government scrutiny has prompted ongoing innovation by players to improve product quality and ensure long-term viability. Waste disposal laws are expected to promote innovation in the usage of polyolefins in the plastics industry. Several investments in this business have also driven innovation in order to serve to a bigger consumer base and reach out to specialized areas.
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|Market Size in 2021||USD 295.2 Billion|
|Projected Market Size in 2028||USD 395.7 Billion|
|CAGR Growth Rate||5% CAGR|
|Key Market Players||Sinopec Corporation, Lyondellbasell Industries Holdings N.V., ExxonMobil Chemical, Petrochina Company Limited, Saudi Arabia Basic Industries Corporation, The DOW Chemical Company, Braskem S.A., Total S.A., Arkema S.A., Borealis AG, Ineos Group AG, Abu Dhabi Polymers Company Ltd. (Borouge), Chevron Phillips Chemical Company LLC, ENI S.P.A., Formosa Plastics Corporation, Polyone Corporation, Sasol Ltd., Tosoh Corporation, Reliance Industries Limited (RIL), Repsol, among others|
|Key Segment||By Type, Application, End-User, and Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa|
|Purchase Options||Request customized purchase options to meet your research needs.|
Global Polyolefins Market: Dynamics
Polyolefins have a wide range of useful properties that make them suitable for a wide range of applications. It has low strength and toughness, but it is very ductile and resistant to impact; it will stretch rather than break. Polyolefins are waterproof and durable, making them more resistant to the elements than other polymers. Polyolefins are a good electrical insulator, preventing the formation of electrical shafts, but they can be electrostatically charged. This can be avoided by using antistatic agents. Low-density polyolefins are suitable for packaging applications due to their transparency. Polyolefins, such as HDPE, can be recycled into other products, which is less expensive than manufacturing a new product from new plastic. Its high heat resistance allows it to be used at high temperatures.
Polyolefin is in high demand in a variety of industries, including automotive, electrical and electronics, food and beverage, and consumer goods. Polyolefins’ properties, such as high rigidity and resistance to moisture and chemicals, make them suitable for industrial applications, particularly in the packaging of automotive and electrical parts.
Browse the full “Polyolefins Market By Type (Polyethylene (PP) – HDPE, LDPE, LLDPE, Polypropylene (PP), Others), By Application (Film & Sheet, Injection Molding, Blow Molding, Others), By End User (Packaging, Automotive, Building & Construction, Pharmaceuticals/Medicals, Electronics and Electrical), and By Region – Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/polyolefins-market
Polyolefins Market: COVID-19 Impact Analysis
The demand for polyolefin downstream derivatives is currently low. The current wave of capacity expansions in the polyethylene industry has resulted in oversupply and squeezed profit margins, placing companies under even more strain. For manufacturers already experiencing with supply chain disruptions as a result of the US-China trade war, COVID-19 adds additional lead time to freight delivery. COVID-19, which has been classified as a pandemic by the World Health Organization, is having an impact on global economic growth. The epidemic is impacting operations in various industries as as automotive, oil and gas, construction, aerospace, and others, as most countries have issued “stay at home” orders, i.e., lockdown.
The entire research study examines the polyolefins market from both a qualitative and quantitative standpoint. The supply and demand sides of the market have both been studied. The demand side study looks at market income in different regions before comparing it to the income of all major countries. The supply-side research looks at the biggest competitors in the sector, as well as their regional and worldwide presence and strategy. Each major countries in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America is explored exhaustively.
Polyolefins Market: Segmentation Analysis
In terms of volume, polyethylene and polypropylene are expected to rise rapidly. LLDPE and LDPE are commonly used in electrical insulation, while HDPE is commonly employed in the production of home containers. Due to a high supply-to-demand ratio, international companies in the sector are constantly investing in R&D and innovation to broaden the scope of their end-use applications. Polyethylene has a wide range of applications. Because it is non-toxic in its solid-state, it is often used in food packaging. However, one of its significant drawbacks is its cost, which is often higher than that of other polyolefins. Ethylene-Vinyl Acetate (EVA) is utilized in the processing and packaging sectors because it increases the transparency, flexibility, and toughness of the product it is employed in.
Polyolefin was widely used in food packaging, blown film bags, industrial thermoforming, and other applications, with film and sheet emerging as the dominant application segment. Packing carrier bags, industrial bags, agricultural stretch wraps, and other products are also included in the application scope. Injection molding is another important application for polyolefins such as LDPE, LLDPE, HDPE, EVA, PP, and TPO. The reason for such a broad application range is its lightweight nature, as well as its high chemical resistance and toughness at low temperatures. The majority of polyolefin resins are used in injection molding as pellets.
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The report contains qualitative and quantitative research on the global Polyolefins Market and detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company’s global presence, competitors, service offers, and standards.
List of Key Players in the Global Polyolefins Market:
- Sinopec Corporation
- Lyondellbasell Industries Holdings N.V.
- ExxonMobil Chemical
- Petrochina Company Limited
- Saudi Arabia Basic Industries Corporation
- The DOW Chemical Company
- Braskem S.A.
- Total S.A.
- Arkema S.A.
- Borealis AG
- Ineos Group AG
- Abu Dhabi Polymers Company Ltd. (Borouge)
- Chevron Phillips Chemical Company LLC
- ENI S.P.A.
- Formosa Plastics Corporation
- Polyone Corporation
- Sasol Ltd.
- Tosoh Corporation
- Reliance Industries Limited (RIL)
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the Polyolefins market is estimated to grow annually at a CAGR of around 5% during the forecast period.
- In terms of revenue, The Polyolefins market was valued at around USD 295.2 billion in 2021 and is projected to reach USD 395.7 billion, by 2028.
- In terms of volume, polyethylene and polypropylene are expected to rise rapidly. LLDPE and LDPE are commonly used in electrical insulation, while HDPE is commonly used to make home containers.
- Packaging has the largest share of the global polyolefins market and is expected to grow at a significant CAGR over the projected period.
- On the basis of region, the Asia Pacific dominates the global polyolefins market and was a major polyolefins consumer while China dominates the regional market, and India is expected to be the region’s fastest-growing market.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Polyolefins industry?
- What are the main driving factors propelling the Polyolefins Market forward?
- What are the leading companies in the Polyolefins Industry?
- What segments does the Polyolefins Market cover?
- How can I receive a free copy of the Polyolefins Market sample report and company profiles?
The Asia Pacific is the world’s largest polyolefins market and one of the largest polyolefins users. China has a large part of the industry in the region, while India is predicted to be the region’s fastest-growing market. The polyolefins market in the Asia Pacific is predicted to grow due to rising population and rapid industrialization.
These areas’ industries are focusing on R&D investments and technical breakthroughs. The building and packaging sectors in the region are expected to drive the polyolefins market. Due to the implementation of new environmental regulations, competition in the global polyolefins market is expected to heat up in the next years. This is expected to open up new prospects for market participants.
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The global polyolefins market is segmented as follows:
- Polyethylene (PP) – HDPE, LDPE, LLDPE
- Polypropylene (PP)
- Film & Sheet
- Injection Molding
- Blow Molding
- Building & Construction
- Electronics and Electrical
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
To know an additional revised 2022 list of market players, request a sample report: https://www.fnfresearch.com/sample/polyolefins-market
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Article originally published at https://www.einpresswire.com/article/576070230/at-5-cagr-global-polyolefins-market-size-share-to-surpass-usd-395-7-billion-by-2028-polyolefins-industry-trends-demand-price-analysis
originally published at Science - Reality Syndicate Viewers
This news story originally appeared at Science - Reality Syndicate Viewers on 10 June 2022