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Polyolefin Resin Market

Segmentation By Product Type (PE (polyethylene), PP (polypropylene) and FPO (Flexible polyolefin)); By Application (Blow Molding, Injection Molding, Film & Sheet, Fibers & Raffia and Extrusion Coating); By End-Users (Automotive, Electronics, Packaging, Plastic and Construction materials) - Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1150 | Published On: Feb 07, 2023
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 Market Segmentation

Our in-depth analysis segmented the global polyolefin resin market in the following segments:

By Product Type:

  • PE (polyethylene)
  • PP (polypropylene)
  • FPO (Flexible polyolefin) 

By Application type:

  • Blow Molding
  • Injection Molding
  • Film & Sheet
  • Fibers & Raffia
  • Extrusion Coating

By End-Users

  • Automotive
  • Electronics
  • Packaging
  • Plastic
  • Construction

By Region

The global polyolefin resin market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.

Polyolefin Resin  market graph

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Polyolefin Resin  market graph
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Market Size and Forecast
cscs

The global polyolefin resin market is anticipated to expand at a CAGR around 8.1% during year 2017-2027. The global polyolefin resin market is anticipated to value at USD 387.09 Bn by 2027.

The global polyolefin resin market can be segmented on the basis of product type, application type and end-user. Moreover on the basis of end-user type it is sub segmented into automotive, electronics, packaging and plastic and construction materials. Automotive is expected to be the largest growing end use segment for polyolefin resin market. Polyolefin resin provides structural benefits in automotive interiors.  Polyolefin resin is widely used in automotive interiors, which provides resistant from various external impact. Polyolefins are widely used for industrial application   and   have replaced PVC owing to the rubber like properties. The cost effective physical properties of polyolefin resin is the major factor supporting the demand for the global polyolefin market from the automotive industry.

By region, global polyolefin resin market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. Asia Pacific is expected to dominate the global polyolefin resins market on the account of presence of the various polyolefin resin manufacturers in the region. Additionally, the development of automobile sector in countries such as China and India leads to increasing demand for polyolefin resin in Asia Pacific region. Moreover, high availability of low cost raw materials is compelling many key manufacturers in Europe and North America to enter Asia-Pacific by setting up new manufacturing plants in the region.

North America is also one of the leading   region for polyolefin resins owing to the increasing production of shale gas which in turn results in high availability of raw materials which is anticipated to increase the production of the polyolefin resins in the region in the forthcoming years.


Growth Drivers and Challenges

The high accessibility of raw material and increasing demand from packaging industry are the major drivers for the polyolefin resin market over the forecast period. Moreover, high shale gas in North America has provided options for getting cheap raw materials. This in turn increases the profit margins for the producers and drives the polyolefin resin market. The major restraining factor associated with polyolefin resin market is high demand and supply ratio.


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Top Featured Companies Dominating The Market

    • ASF SE
    • Bayer MS
    • The Dow Chemical Co.
    • DuPont
    • SABIC
    • Lanxess AG
    • Total S.A.
    • Formosa Plastics Group
    • Americas Styrenics
    • Styrolution Group GMBH
    • Henjiang Chimei Chemical Co., Ltd
    • PS Japan Corporation
    • Styron LLC
    • TOTAL Gestion USA
    • Ineos Nova LLC
    • Total Petrochemicals
    • Owens Corning
    • Nova Chemicals Corporation

In The News


Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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