The global polyolefin market is anticipated to reach USD 357.39 billion by 2030, registering a CAGR of 5.4% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is poised for growth due to increasing adaptation across the end-use industries. The use of polyolefins in automotive applications helps reduce fuel consumption on account of their ability to reduce the density and weight of vehicles compared to conventional materials such as rubber and metal.
The use of polyolefins in automotive applications helps reduce fuel consumption on account of their ability to reduce the density and weight of vehicles compared to conventional materials such as rubber and metal. Increasing awareness regarding health hazards and consumer safety in various industries, such as electronics, healthcare, wire & cable, construction, and automotive, is expected to drive the global market over the forecast period.
The use of polyolefins in automotive applications helps reduce fuel consumption on account of their ability to reduce the density and weight of vehicles compared to conventional materials such as rubber and metal. Increasing awareness regarding health hazards and consumer safety in various industries, such as electronics, healthcare, wire & cable, construction, and automotive, is expected to drive the global market over the forecast period.
In the Polyolefin Market, major players have adopted various strategic initiatives such as new product launch, production expansion, merger & acquisition, and others. These strategic initiatives enable the market players to maintain the competitive environment and meet global demand. For instance, in May 2023, Borealis, an advanced & circular polyolefin solution provider launched Stelora to its existing portfolio of polyolefins. This sustainable engineering polymer provides attributes such as strength, durability, and higher thermal resistance.
Research activities focused on new materials, which combine several properties, are projected to gain wide acceptance in this industry in the coming years. Some of the prominent companies manufacturing these products include China Petrochemical Corporation; LyondellBasell Industries Holdings B.V.; PetroChina Company Limited; TotalEnergies; Chevron Corporation; Repsol; Dow, Inc.; Exxon Mobil Corporation; Braskem; and Borealis AG.
Polyolefin Market Report Highlights:
Asia Pacific dominated the market and accounted for a revenue share of over 49.95% in 2024. The Asia Pacific region stands out for its abundance of skilled labor available at a low cost, as well as easily accessible land.
The polyethylene (PE) led the market for market across the product segmentation and accounted for a revenue share of over 37.66% in 2024. Polyethylene has witnessed significant growth in recent years with an increase in utilization across prototype development on 3D printers and CNC machines.
The film & sheet led the market for market across the application segmentation and accounted for a revenue share of over 25.51% in 2024. 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.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Information Analysis
1.3.2 Market Formulation & Data Visualization
1.3.3 Data Validation & Publishing
1.4 Research Scope and Assumptions
1.4.1 List To Data Products
Chapter 2 Executive Summary
2.1 Market Snapshot 2022
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Polyolefin Market: Variables and Trends
3.1 Market Lineage Outlook
3.1.1 Global Plastics Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.2 Raw Material Price Analysis
3.4 Technology Overview
3.4.1 Commercial Production Technology
3.4.2 Roadmap of Technology advancement, 2018 to 2030
3.5 Sustainability Trends
3.5.1 Recycling and Circular Economy
3.5.2 Bioplastics and Alternatives
3.6 Average Price Trend Analysis, 2018 to 2030 (USD/kg)
3.6.1 Key Factors Influencing Pricing
3.7. Trade Statistics (HS Code:)
3.7.1. Top 10 Importing Countries, 2023/24
3.7.2 Top 10 Exporting Countries, 2023/24
3.8. Supply-Demand Gap Analysis
3.9. Regulatory Framework
3.9.1 Standard & Compliances
3.9.2 Safety
3.9.2.1 Polyethylene (PE)
3.9.2.2 Polypropylene (PP)
3.10 Market Dynamics
3.10.1 Market Driver Impact Analysis
3.10.1.1 Growth of key end-use industries
3.10.1.2 Shift in trend toward replacement of glass & metals