The global polyolefin market size is expected to reach USD 348.31 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 6.7% during the forecast period. Multinational companies in the field are constantly improvising their product portfolio to meet existing demand from numerous application sectors, such as film and sheet and injection molding, which is projected to drive industry growth.
There has been a rise in the
usage of eco-friendly polyolefins that cause lower emissions and ensure minimal
environmental degradation. This can be attributed to growing consumer awareness
regarding environment protection, an increase in efforts to curb plastic waste
disposal, and stringent government regulations. Apart from compliance with
environmental norms, companies are investing in extensive R&D activities,
which has prompted the development of novel plastic products that outperform
conventional plastics in terms of physical and chemical properties.
Rapid industrialization across
Asia Pacific has resulted in significant growth in the plastics market. Growth
of the e-commerce industry, rise in purchasing power of individuals, a shift in
consumption traits, and technical advancements by companies working with
polyolefins have ensured the development of diverse, complex, and eco-friendly
products. The polyethylene market in Asia Pacific is largely dominated by
China, India, and Japan on account of surge in industrialization. Expanding
construction and furniture sectors, along with the presence of major automotive
industries and increasing demand for sophisticated infrastructure, have driven
the polyethylene industry in the region.
For Full Research Report On Polyolefin Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/polyolefin-market
Further key
findings from the report suggest:
- The global polyolefin demand
is anticipated to grow from 149.78 million tons in 2016 at 5.8% CAGR from
2017 to 2025
- The film & sheet and
injection molding application segments are expected to witness rapid
growth in emerging economies owing to rising consumer disposable income
- Ethylene-vinyl acetate and
polypropylene have emerged as key product types due to increasing demand
from the automotive as well as the packaging industry
- The European furniture and
construction industry has witnessed significant product innovation owing
to a stringent regulatory framework to curb GHG emission levels. This has
resulted in increased investments in polyethylene production
- Growing consumer awareness regarding
generation and disposal of plastic waste has encouraged leading companies
to optimize product innovation, thereby establishing a sustainable
business model
- Multinational companies such
as Sinopec Corporation, LyondellBasell Industries Holdings N.V., BASF SE,
ExxonMobil Chemicals, and Petrochina Company Limited enjoy an extensive
global presence in the industry.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/polyolefin-market/request/rs1
Grand View Research has segmented
the global polyolefin market on the basis of product, application, and region:
Polyolefin Product
Outlook (Volume, Million Tons; Revenue, USD Billion, 2014 - 2025)
- Polyethylene
- Polypropylene
- Ethylene Vinyl Acetate
- Thermoplastic Olefins
- Others
Polyolefin
Application Outlook (Volume, Million Tons; Revenue, USD Billion, 2014 - 2025)
- Film & Sheet
- Injection Molding
- Blow Molding
- Profile Extrusion
- Others
Polyolefin Regional
Outlook (Volume, Million Tons; Revenue, USD Billion, 2014 - 2025)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- The U.K.
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com