According to a new report, published by KBV research, The Global Polyolefin Market size is expected to reach $428.1 billion by 2030, rising at a market growth of 7.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,45,614.4 Kilo Tonnes, experiencing a growth of 5.2% (2019-2022).
The Film & Sheet segment is leading the Global Polyolefin Market by Application in 2022 thereby, achieving a market value of $107.9 billion by 2030. Polyolefins provide high-quality shrink films with improved clarity and appearance for the consumer goods industry. Polyolefins have stronger puncture resistance, are FDA-approved, have no chlorine content, and are more durable; however, they are relatively more expensive. In recent years, the demand for post-consumer recycled plastic polymers has increased due to an increased emphasis on sustainability and progressive efforts by consumer electronics manufacturers to reduce their carbon footprint. Using post-consumer recycled plastic polymers, laptop manufacturers such as Lenovo manufactures notebooks, desktops, workstations, monitors, and other accessories. This escalating adoption of post-consumer recycled plastic resins will persist throughout the forecast.
The Ethylene-Vinyl Acetate (EVA) segment is showcasing a CAGR of 8.4% during (2023 - 2030). Ethylene-vinyl acetate (EVA) is a re-dispersible polymer that is available in the form of a free-flowing powder. It resembles low-density polyethylene, showcasing heightened gloss, softness, and flexibility. These polyolefins exhibit excellent performance under low temperatures and are commonly employed as hot-melt adhesives, finding widespread application in products like soccer cleats and plastic wraps. Furthermore, EVA extends its utility to biomedical engineering, serving as a part and component of drug delivery devices in various healthcare applications.
The Asia Pacific region dominated the Global Polyolefin Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $205.1 Billion by 2030. The Europe market is anticipated to grow at a CAGR of 6.7% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 7.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/polyolefin-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of China Petrochemical Corporation, LyondellBasell Industries Holdings B.V., PetroChina Company Limited, TotalEnergies SE, Chevron Corporation, Repsol Group, The Dow Chemical Company (Dow Corning Ltd.), Exxon Mobil Corporation, Braskem SE, and OMV group.
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled
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