NEW YORK, Aug. 17, 2023 /PRNewswire/ -- The polyolefin market is expected to grow by USD 117.45 billion during the five-year forecast period, according to Technavio. As per the latest report, the market will progress at a CAGR of 6.86% from 2022 to 2027. The increasing popularity of bio-based coating polyolefin is a primary trend in the market. There is a rise in demand for organic materials fuelled by the increase in petrochemical raw material prices, including olefins, phthalates, and aromatic vinyl compounds. Additionally, there is an increasing focus on carbon footprint reduction which is significantly fuelling the development of more environmentally friendly alternatives to conventional hydrocarbon-based resins. Hence, such factors are expected to drive market growth during the forecast period. View the new Sample Report within minutes!
Key Drivers-
The growing use of polyolefin films in the solar power generation industry drives market growth. There is significant growth in the solar power industry, with double-digit growth in installations and higher revenues. It is expected that photovoltaic (PV) systems will reach around 175 gigawatts globally. The main factors which are significantly contributing to the growth of the solar installation industry are Japan's stimulus package and consistent growth in the under-penetrated US market. The main advantage of polyolefin encapsulating film is that it has high moisture resistance and electrical insulation, which can protect solar cells and extend the service life of the modules over non-insulated solar cells and modules. Hence, such factors are driving the market growth.
Significant Challenges-
Fluctuations in crude oil prices are a major challenge hindering the polyolefin market growth during the forecast period. Prices for raw materials such as polymers and resins are volatile in nature and have fluctuated since 2015. Additionally, as polyolefins are derivatives of petroleum and natural gas, they fluctuate with the fluctuation of the price of natural gas and crude oil, resulting in fluctuation of the price of these materials. Furthermore, several of these raw materials utilized in the manufacturing of f packaging films are essentially petroleum derivatives, which makes their price unpredictable. Hence, such factors are expected to hinder market growth during the forecast period.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Arkema Group, BASF SE, Berkshire Hathaway Inc., Carlisle Companies Inc., China Petrochemical Corp., Dow Inc., Exxon Mobil Corp., Filtration Group Corp., Holcim Ltd., Koster Bauchemie AG, Lanxess AG, LyondellBasell Industries NV, RPM International Inc., Saudi Arabian Oil Co., Sika AG, SOPREMA SAS, Standard Industries Inc., Wacker Chemie AG, Zylog ElastoComp, and Suzhou GWELL machinery co. LTD. are some of the major market participants.
Company Offering
- Arkema Group: The company offers soft polyolefin-based thermoplastic materials under its brand called Apolhya for film casting, calendar and blown extrusion, and injection molding.
- BASF SE: The company offers thermoplastic polyolefins sheets and roofing in commercial buildings and airports.
- Berkshire Hathaway Inc: The company offers thermoplastic polyolefin membranes such as JM TPO Roofing Membrane and JM TPO SA under its subsidiary called Johns Manville.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our polyolefin market report covers the following areas:
- Polyolefin Market size
- Polyolefin Market trends
- Polyolefin Market industry analysis
- Polyolefin Market five forces analysis
- Polyolefin Market competitive landscape
What's New? -
- Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
- Global competitiveness and key competitor positions
- Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!
- Product
- PE
- PP
- Functional Polyolefin
- Application
- Film And Sheet
- Injection Molding
- Blow Molding
- Others
- Geography
- North America
- APAC
- Europe
- South America
- Middle East And Africa
The market share growth by the PE segment is significant during the forecast period. The main classification of the PE segment is based on the relative degree of branching in their molecular structures which is mainly controlled by the targeted use of catalysts. Some of the main types of PE polymer segments include low-density PE (LDPE), high-density PE (HDPE), LLDPE, and crosslinked high-density PE (XLPE). There is increasing adoption of the PE segment across various industries such as automotive, construction, packaging, and healthcare due to their high toughness and excellent chemical resistance which is expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Polyolefin Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist polyolefin market growth during the next five years
- Estimation of the polyolefin market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the polyolefin market
- Analysis of the market's competitive landscape and detailed information on companies
- Comprehensive details of factors that will challenge the growth of polyolefin market players
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Polyolefin Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.86% |
Market growth 2023-2027 |
USD 117.45 billion |
Market structure |
Fragmented |
YoY growth 2022- 2023 (%) |
6.57 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 30% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Arkema Group, BASF SE, Berkshire Hathaway Inc., Carlisle Companies Inc., China Petrochemical Corp., Dow Inc., Exxon Mobil Corp., Filtration Group Corp., Holcim Ltd., Koster Bauchemie AG, Lanxess AG, LyondellBasell Industries NV, RPM International Inc., Saudi Arabian Oil Co., Sika AG, SOPREMA SAS, Standard Industries Inc., Wacker Chemie AG, Zylog ElastoComp, and Suzhou GWELL machinery co. LTD. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (USD billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (USD billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global polyolefin market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global polyolefin market 2017 - 2021 (USD billion)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 (USD billion)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 (USD billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (USD billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (USD billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 PE - Market size and forecast 2022-2027
- Exhibit 34: Chart on PE - Market size and forecast 2022-2027 (USD billion)
- Exhibit 35: Data Table on PE - Market size and forecast 2022-2027 (USD billion)
- Exhibit 36: Chart on PE - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on PE - Year-over-year growth 2022-2027 (%)
- 6.4 PP - Market size and forecast 2022-2027
- Exhibit 38: Chart on PP - Market size and forecast 2022-2027 (USD billion)
- Exhibit 39: Data Table on PP - Market size and forecast 2022-2027 (USD billion)
- Exhibit 40: Chart on PP - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on PP - Year-over-year growth 2022-2027 (%)
- 6.5 Functional polyolefin - Market size and forecast 2022-2027
- Exhibit 42: Chart on Functional polyolefin - Market size and forecast 2022-2027 (USD billion)
- Exhibit 43: Data Table on Functional polyolefin - Market size and forecast 2022-2027 (USD billion)
- Exhibit 44: Chart on Functional polyolefin - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Functional polyolefin - Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by Product
- Exhibit 46: Market opportunity by Product (USD billion)
- Exhibit 47: Data Table on Market opportunity by Product (USD billion)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 48: Chart on Application - Market share 2022-2027 (%)
- Exhibit 49: Data Table on Application - Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 50: Chart on Comparison by Application
- Exhibit 51: Data Table on Comparison by Application
- 7.3 Film and sheet - Market size and forecast 2022-2027
- Exhibit 52: Chart on Film and sheet - Market size and forecast 2022-2027 (USD billion)
- Exhibit 53: Data Table on Film and sheet - Market size and forecast 2022-2027 (USD billion)
- Exhibit 54: Chart on Film and sheet - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Film and sheet - Year-over-year growth 2022-2027 (%)
- 7.4 Injection molding - Market size and forecast 2022-2027
- Exhibit 56: Chart on Injection molding - Market size and forecast 2022-2027 (USD billion)
- Exhibit 57: Data Table on Injection molding - Market size and forecast 2022-2027 (USD billion)
- Exhibit 58: Chart on Injection molding - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Injection molding - Year-over-year growth 2022-2027 (%)
- 7.5 Blow molding - Market size and forecast 2022-2027
- Exhibit 60: Chart on Blow molding - Market size and forecast 2022-2027 (USD billion)
- Exhibit 61: Data Table on Blow molding - Market size and forecast 2022-2027 (USD billion)
- Exhibit 62: Chart on Blow molding - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Blow molding - Year-over-year growth 2022-2027 (%)
- 7.6 Others - Market size and forecast 2022-2027
- Exhibit 64: Chart on Others - Market size and forecast 2022-2027 (USD billion)
- Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 (USD billion)
- Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.7 Market opportunity by Application
- Exhibit 68: Market opportunity by Application (USD billion)
- Exhibit 69: Data Table on Market opportunity by Application (USD billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 (USD billion)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 (USD billion)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 APAC - Market size and forecast 2022-2027
- Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 (USD billion)
- Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 (USD billion)
- Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 (USD billion)
- Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 (USD billion)
- Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 87: Chart on South America - Market size and forecast 2022-2027 (USD billion)
- Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 (USD billion)
- Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 (USD billion)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (USD billion)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 95: Chart on US - Market size and forecast 2022-2027 (USD billion)
- Exhibit 96: Data Table on US - Market size and forecast 2022-2027 (USD billion)
- Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 (USD billion)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 (USD billion)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 UK - Market size and forecast 2022-2027
- Exhibit 103: Chart on UK - Market size and forecast 2022-2027 (USD billion)
- Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 (USD billion)
- Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 (USD billion)
- Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 (USD billion)
- Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 Japan - Market size and forecast 2022-2027
- Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 (USD billion)
- Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 (USD billion)
- Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography (USD billion)
- Exhibit 116: Data Tables on Market opportunity by geography (USD billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 120: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 121: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification
- 12.3 Arkema Group
- Exhibit 123: Arkema Group - Overview
- Exhibit 124: Arkema Group - Business segments
- Exhibit 125: Arkema Group - Key news
- Exhibit 126: Arkema Group - Key offerings
- Exhibit 127: Arkema Group - Segment focus
- 12.4 BASF SE
- Exhibit 128: BASF SE - Overview
- Exhibit 129: BASF SE - Business segments
- Exhibit 130: BASF SE - Key news
- Exhibit 131: BASF SE - Key offerings
- Exhibit 132: BASF SE - Segment focus
- 12.5 Berkshire Hathaway Inc.
- Exhibit 133: Berkshire Hathaway Inc. - Overview
- Exhibit 134: Berkshire Hathaway Inc. - Business segments
- Exhibit 135: Berkshire Hathaway Inc. - Key news
- Exhibit 136: Berkshire Hathaway Inc. - Key offerings
- Exhibit 137: Berkshire Hathaway Inc. - Segment focus
- 12.6 Carlisle Companies Inc.
- Exhibit 138: Carlisle Companies Inc. - Overview
- Exhibit 139: Carlisle Companies Inc. - Business segments
- Exhibit 140: Carlisle Companies Inc. - Key offerings
- Exhibit 141: Carlisle Companies Inc. - Segment focus
- 12.7 China Petrochemical Corp.
- Exhibit 142: China Petrochemical Corp. - Overview
- Exhibit 143: China Petrochemical Corp. - Business segments
- Exhibit 144: China Petrochemical Corp. - Key offerings
- Exhibit 145: China Petrochemical Corp. - Segment focus
- 12.8 Dow Inc.
- Exhibit 146: Dow Inc. - Overview
- Exhibit 147: Dow Inc. - Business segments
- Exhibit 148: Dow Inc. - Key news
- Exhibit 149: Dow Inc. - Key offerings
- Exhibit 150: Dow Inc. - Segment focus
- 12.9 Holcim Ltd.
- Exhibit 151: Holcim Ltd. - Overview
- Exhibit 152: Holcim Ltd. - Business segments
- Exhibit 153: Holcim Ltd. - Key offerings
- Exhibit 154: Holcim Ltd. - Segment focus
- 12.10 LyondellBasell Industries NV
- Exhibit 155: LyondellBasell Industries NV - Overview
- Exhibit 156: LyondellBasell Industries NV - Business segments
- Exhibit 157: LyondellBasell Industries NV - Key offerings
- Exhibit 158: LyondellBasell Industries NV - Segment focus
- 12.11 RPM International Inc.
- Exhibit 159: RPM International Inc. - Overview
- Exhibit 160: RPM International Inc. - Business segments
- Exhibit 161: RPM International Inc. - Key offerings
- Exhibit 162: RPM International Inc. - Segment focus
- 12.12 Sika AG
- Exhibit 163: Sika AG - Overview
- Exhibit 164: Sika AG - Business segments
- Exhibit 165: Sika AG - Key news
- Exhibit 166: Sika AG - Key offerings
- Exhibit 167: Sika AG - Segment focus
- 12.13 SOPREMA SAS
- Exhibit 168: SOPREMA SAS - Overview
- Exhibit 169: SOPREMA SAS - Product / Service
- Exhibit 170: SOPREMA SAS - Key offerings
- 12.14 Standard Industries Inc.
- Exhibit 171: Standard Industries Inc. - Overview
- Exhibit 172: Standard Industries Inc. - Product / Service
- Exhibit 173: Standard Industries Inc. - Key news
- Exhibit 174: Standard Industries Inc. - Key offerings
- 12.15 Suzhou GWELL machinery co. LTD.
- Exhibit 175: Suzhou GWELL machinery co. LTD. - Overview
- Exhibit 176: Suzhou GWELL machinery co. LTD. - Product / Service
- Exhibit 177: Suzhou GWELL machinery co. LTD. - Key offerings
- 12.16 Wacker Chemie AG
- Exhibit 178: Wacker Chemie AG - Overview
- Exhibit 179: Wacker Chemie AG - Business segments
- Exhibit 180: Wacker Chemie AG - Key offerings
- Exhibit 181: Wacker Chemie AG - Segment focus
- 12.17 Zylog ElastoComp
- Exhibit 182: Zylog ElastoComp - Overview
- Exhibit 183: Zylog ElastoComp - Product / Service
- Exhibit 184: Zylog ElastoComp - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 185: Inclusions checklist
- Exhibit 186: Exclusions checklist
- 13.3 Currency conversion rates for USUSD
- Exhibit 187: Currency conversion rates for USUSD
- 13.4 Research methodology
- Exhibit 188: Research methodology
- Exhibit 189: Validation techniques employed for market sizing
- Exhibit 190: Information sources
- 13.5 List of abbreviations
- Exhibit 191: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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