Polyolefins Market Size, Share, Analysis and Forecast, 2030

1. Polyolefins Market Analysis: Plant Capacity, Production, Operating Efficiency, , By Type (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Ethylene-Vinyl Acetate (EVA), Others), By Application (Injection Molding, Film & Sheet, Fiber, Blow Molding, Others), By Regional Demand, 2015 – 2030

2. Polyolefins demand stood at 146.99 Million Tonnes in 2020 and is forecast to reach 250.43 Million Tonnes by 2030, growing at a healthy CAGR of 5.64% until 2030. Polyolefins comes under a class of polymers that are produced from a simple olefin as a monomer. Polyolefins generally include polyethylene, such as low- density polyethylene (LDPE), linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), polypropylene (PP) and others. The global plastics industry is dominated by Polyolefins due to their versatile characteristics which make them suitable for a broad spectrum of end-use applications such as rigid plastics, bottles and containers, and flexible films, pouches etc. The packaging sector dominates the global polyolefin market followed by the building & construction and automotive industry. By type, Polyethylene (PE) holds the largest market share followed by Polypropylene (PP). Growing demand for LLDPE films from the food and pharmaceutical packaging backed by rising HDPE consumption for manufacturing blow-molded containers and construction-related articles would augment the growth of the industry in the coming years. Moreover, the soaring demand for Polypropylene for packaging purposes in food and pharma industries has been one of the key factors driving the overall market. It is estimated that because of its growing applications as an alternative to metal parts in car interior and exterior, the demand for PP injection moulded parts will be spurred by increased production of lighter Electric Vehicles (EVs). Other highly demanded polymers include Polyvinyl Chloride (PVC) resins that are used especially for the construction-related applications such as piping or window frames. While Polystyrene (PS) is utilized for food packaging applications such as are trays, cups, and bottles and Ethylene Vinyl Acetate for adhesives, sealants, and coatings. All these applications of Polyolefins are likely to fuel its market growth in the forecast period. Polyolefin prices are highly subjected to fluctuations in upstream crude oil. The historic plunge in crude oil during the first half of 2020 rendered a significant fall in the Polyolefins prices during Q1 & Q2 2020 which was largely offset by appreciable demand for polymers from the packaging and medical industry in the wake of the COVID-19 pandemics. Due to the outbreak of COVID-19 in 2020, the world economy was disrupted. The market was affected drastically, and production and manufacturing units were shut down. Furthermore, the major market players intentionally halted the production keeping their employee’s health and wellness in mind. Despite facing headwinds due to COVID-19 crisis, the global Polyolefins market has shown resilient growth. In 2020, the market has seen a significant rise in demand from the consumer packaging applications as lockdown in various economies triggered a rise in the e-commerce and home deliveries, leading to greater consumption of packaging films and non-durable plastics. Moreover, various government initiatives and revision in FDI policies, etc., are encouraging core companies to setup manufacturing units across major COVID-hit economies across the globe, thereby providing a strong impetus to the global Polyolefins market.

3. Regional Outlook: Regionally, Asia-Pacific dominates the Polyolefins market globally in terms of demand. There has been a consistent growth in the Polyolefins demand from populous economies like China and India, which are expanding their capacities to fasten their domestic manufacturing base and deepen their penetration in the export markets. Rapid industrialization, growing e-commerce sector and robust demand for packaging applications in the food and beverage sector are the key factors responsible for the market growth. As of 2019, Asia-Pacific and North America are the largest Polyolefin producers and are anticipated to maintain their dominance during the forecast period. Several Polyolefins players are strategically impending capacity additions to support rising demand from the downstream industries. As per ChemAnalyst, North America will be the second highest in terms of PE capacity additions, after Asia where China and India will hold more than 75% market share in the forecast period. Key Players: ➢ China Petroleum& Chemical Corporation(Sinopec Corp.) ➢ Exxon Mobil CorporationLtd. ➢ LyondellBasell Industries N.V., ➢ SABIC ➢ INEOS Group Holdings S.A. ➢ Dow Inc. and others. Years Considered for this Report: Historical Years: 2015 – 2019 Base Year: 2020 Estimated Year: 2021 Forecast Period: 2022 – 2030

4. Objective of the Study: • The primary objective of the study was to evaluate and forecast Polyolefins capacity, production, demand, inventory, and demand– supply gap globally.

5. • To categorize Polyolefins demand based on type, end use, region and distribution channel. • • • To identify major customers of Polyolefins globally. To evaluate and forecast Polyolefins pricing globally. To identify and profile major companies operating globally Polyolefins market. • To identify major news, deals and expansion plans globally Polyolefins market.

6. Report Scope: In this report, the Global Polyolefins market has been segmented into following categories, in addition to the industry trends which have also been detailed below: Attribute Details Market size volume in 2020 146.99 million Tonnes Market size volume in 2030 250.43 million Tonnes Growth Rate Base year for estimation CAGR of 5.64% from 2021 to 2030 2020 Historic Data Forecast period Quantitative units Report coverage 2015 – 2019 2022 – 2030 Demand in tons and CAGR from 2021 to 2030 Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends Segments covered 1. Product Type: (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Ethylene-Vinyl Acetate (EVA) and Others) 2. Application: (Injection Molding, Film & Sheet, Fiber, Blow Molding and Others) 3. Distribution Channel: (Direct/Institutional Sales, Indirect Sales) Regional scope Country scope North America; Europe; Asia Pacific; South America; Middle East & Africa United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina China Petroleum & Chemical Corporation (Sinopec Corp.), Exxon Mobil Corporation Ltd., LyondellBasell Industries N.V., SABIC, INEOS Group Holdings S.A., Dow Inc. and others. Free report customization with purchase. Addition or alteration to country, regional & segment scope. Key companies profiled Customization scope Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options

7. Global Polyolefins Market Outlook, 2015-2030 TABLE OF CONTENTS Global Polyolefins Demand Outlook, 2015-2030, By Volume North America Polyolefins Market Outlook, 2015-2030 North America Polyolefins Demand Outlook, 2015-2030, By Volume Asia Pacific Polyolefins Market Outlook, 2015-2030 Asia Pacific Polyolefins Demand Outlook, 2015-2030, By Volume Europe Polyolefins Market Outlook, 2015-2030 Europe Polyolefins Demand Outlook, 2015-2030, By Volume MEA Polyolefins Market Outlook, 2015-2030 MEA Polyolefins Demand Outlook, 2015-2030, By Volume South America Polyolefins Market Outlook, 2015-2030 South America Polyolefins Demand Outlook, 2015-2030, By Volume By Region Country-wise Import Country-wise Export News and Deals

8. METHODOLOGY

9. METHODOLOGY ChemAnalyst identify firm planned capacities, planned expansions and closures in identified geographies and also provide list of idling capacities wherever wise product demand profile based on past user industry data, capacity utilization & year-wise growth rates for last 10 years including current year. applicable. ChemAnalyst derive segment Finally, ChemAnalyst project future growth considering potential new applications up to next 15 years, along with detailed basis / assumption for arriving at the projected growth rates. Current sources of products’ import along with logistics details of shipping aspect, inland transportation and cost details has been taken through primary research. Export destinations to be targeted based on market study have been listed. Details of shipping aspect, inland transportation and cost details etc. will be based on primary research. Demand = Production + Import – Export – Inventory Demand Supply Gap = Production - Demand ChemAnalyst Research perform periodical checks on data being collected through surveys with logic checks and analyze survey results and data generated through its proprietary database. ChemAnalyst will also use data triangulation technique to fill the gaps and to present the more meaning picture of the market. ChemAnalyst will deliver the final comprehensive project report in online digital format.

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