Apr. 29, 2024
Manufacturer, Chemistry, Gelsenkirchen, Germany
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polyolefins
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The polyolefins market will grow at a CAGR of more than 2% during 2024-20230. Packaging, automotive, construction, agriculture, and electrical and electronics industries are expected to drive the demand for polyolefins.
The polyolefins market research report provides up-to-date market information on the global polyolefins market. The report identifies opportunities in the global polyolefins industry with the help of key upcoming projects. It also allows clients to understand the historical and forecast of polyolefins capacity data for effective decision-making.
CAGR (2024-2030) >2% Key Countries · China· The US
· South Korea
· Saudi Arabia
· India
Key Volume Contributors · Polyethylene· Polypropylene
Key Upcoming Projects · Reliance Industries Jamnagar Complex· Oriental Energy Maoming Complex
· Gazprom Yamal Complex
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Asia continues to lead global polyolefins consumption owing to the growth of the packaging sector in developing countries such as China, India, and South Korea. Increasing disposable incomes in these nations are driving the growth of packaging in various industries, such as convenience foods, e-commerce, and retail, among others. Furthermore, Asia’s emergence as a global manufacturing hub is expected to boost the demand for polyolefins from the automotive, and electronics industries.
Polyolefins Market Regional Analysis, 2024(%)
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The key countries in the polyolefins market are China, the US, South Korea, Saudi Arabia, and India among others. China is poised for a significant increase in polyolefins supply to meet growing domestic demand and decrease its reliance on imports. However, several challenges such as environmental regulations, geopolitical tensions affecting the supply chain, and rising demand for plastic alternatives may affect polyolefins supply globally.
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Polyolefins Market Country Analysis, 2024(%)
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The primary contributors to the polyolefins market are polyethylene and polypropylene. Polyethylene stands as the major volume contributor within the polyolefins market.
Polyolefins Market Volume Contributor Analysis, 2024(%)
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A few of the key polyolefins market upcoming projects are Reliance Industries Jamnagar Complex, Oriental Energy Maoming Complex, and Gazprom Yamal Complex among others.
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Polyolefins Market Country Outlook (%, 2015-2030)
Polyolefins Market Volume Contributors Outlook (%2015-20230)
Polyolefins demand and supply analysis by key countries
Demand and supply analysis of polyolefins by type
Upcoming capacity additions by key countries
Details of upcoming propylene projects
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