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Polyolefin Resin Trends and Forecast
The future of the global polyolefin resin market looks promising with opportunities in the medical device field, automotive field, and chemical field markets. The global polyolefin resin market is expected to reach an estimated $193.1 billion by 2030 with a CAGR of 2.1% from 2024 to 2030. The major drivers for this market are rising adaptation across the end-use industries, growing awareness towards health hazards and consumer safety in various industries, and increasing inclination towards polyolefins rather than PVC.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Polyolefin Resin by Segment
The study includes a forecast for the global polyolefin resin by product, application, and region.
Polyolefin Resin Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Polyethylene
• Polypropylene
Polyolefin Resin Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Medical Device Field
• Automotive Field
• Chemical Field
• Others
Polyolefin Resin Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Polyolefin Resin Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polyolefin resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polyolefin resin companies profiled in this report include-
• Mitsui Chemical
• Arkema
• CNPC
• Exxonmobil
• Lyondellbasell
Polyolefin Resin Market Insights
Lucintel forecasts that polyethylene is expected to witness the higher growth over the forecast period due to its high polymer density and higher degree of crystallinity.
Within this market, automotive field will remain the largest segment due to increasing adoption of these resins owing to their properties, such as lightweight, ease of processing, sealing, and stiffness.
APAC will remain the largest region over the forecast period due to significantly growing automotive production and presence of key manufacturer in the region.
Features of the Global Polyolefin Resin Market
Market Size Estimates: Polyolefin resin market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Polyolefin resin market size by product, application, and region in terms of value ($B).
Regional Analysis: Polyolefin resin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the polyolefin resin market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the polyolefin resin market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the polyolefin resin market size?
Answer: The global polyolefin resin market is expected to reach an estimated $193.1 billion by 2030.
Q2. What is the growth forecast for polyolefin resin market?
Answer: The global polyolefin resin market is expected to grow with a CAGR of 2.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the polyolefin resin market?
Answer: The major drivers for this market are rising adaptation across the end-use industries, growing awareness towards health hazards and consumer safety in various industries, and increasing inclination towards polyolefins rather than PVC.
Q4. What are the major segments for polyolefin resin market?
Answer: The future of the global polyolefin resin market looks promising with opportunities in the medical device field, automotive field, and chemical field markets.
Q5. Who are the key polyolefin resin market companies?
Answer: Some of the key polyolefin resin companies are as follows:
• Mitsui Chemical
• Arkema
• CNPC
• Exxonmobil
• Lyondellbasell
Q6. Which polyolefin resin market segment will be the largest in future?
Answer: Lucintel forecasts that polyethylene is expected to witness the higher growth over the forecast period due to its high polymer density and higher degree of crystallinity.
Q7. In polyolefin resin market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to significantly growing automotive production and presence of key manufacturer in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the polyolefin resin market by product (polyethylene and polypropylene), application (medical device field, automotive field, and chemical field), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Polyolefin Resin Market, Polyolefin Resin Market Size, Polyolefin Resin Market Growth, Polyolefin Resin Market Analysis, Polyolefin Resin Market Report, Polyolefin Resin Market Share, Polyolefin Resin Market Trends, Polyolefin Resin Market Forecast, Polyolefin Resin Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Polyolefin Resin Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Polyolefin Resin Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Polyolefin Resin Market by Product
3.3.1: Polyethylene
3.3.2: Polypropylene
3.4: Global Polyolefin Resin Market by Application
3.4.1: Medical Device Field
3.4.2: Automotive Field
3.4.3: Chemical Field
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Polyolefin Resin Market by Region
4.2: North American Polyolefin Resin Market
4.2.2: North American Polyolefin Resin Market by Application: Medical Device Field, Automotive Field, Chemical Field, and Others
4.3: European Polyolefin Resin Market
4.3.1: European Polyolefin Resin Market by Product: Polyethylene and Polypropylene
4.3.2: European Polyolefin Resin Market by Application: Medical Device Field, Automotive Field, Chemical Field, and Others
4.4: APAC Polyolefin Resin Market
4.4.1: APAC Polyolefin Resin Market by Product: Polyethylene and Polypropylene
4.4.2: APAC Polyolefin Resin Market by Application: Medical Device Field, Automotive Field, Chemical Field, and Others
4.5: ROW Polyolefin Resin Market
4.5.1: ROW Polyolefin Resin Market by Product: Polyethylene and Polypropylene
4.5.2: ROW Polyolefin Resin Market by Application: Medical Device Field, Automotive Field, Chemical Field, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Polyolefin Resin Market by Product
6.1.2: Growth Opportunities for the Global Polyolefin Resin Market by Application
6.1.3: Growth Opportunities for the Global Polyolefin Resin Market by Region
6.2: Emerging Trends in the Global Polyolefin Resin Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Polyolefin Resin Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Polyolefin Resin Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Mitsui Chemical
7.2: Arkema
7.3: CNPC
7.4: Exxonmobil
7.5: Lyondellbasell
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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