Aug 17, 2023

News provided by Share this article Share toX 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. Polyolefin Market 2023-2027: Company Analysis 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. Polyolefin Market 2023-2027: Scope 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: 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. To learn more about the impact of different segments on the market growth, Request a Sample PDF Report! 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 Gain instant access to 17,000+ market research reports. Related Reports The  coating resins market size is estimated to grow at a CAGR of 5.97% between 2022 and 2027. The market size is forecast to increase by USD 18.22 billion. This coating resins market report extensively covers market segmentation by type (acrylic coating resin, polyurethane coating resin, epoxy coating resin, alkyds coating resin, and vinyl and other coating resins), application (architecture coating, general industrial coating, automotive coating, high-performance coating, and other coatings) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The growing construction industry is a major factor notably driving the market growth. The magnesite market size is estimated to grow at a CAGR of 5.48% between 2022 and 2027. The market size is forecast to increase by USD 2,857.29 million. This magnesite market report extensively covers market segmentation by product (magnesite ore, dead burned magnesia, and fused magnesia), application (refractory, fillers and binders, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The growing demand for refractories from the steel industry is driving growth in the magnesite market. Polyolefin Market Scope 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 : 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 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 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 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 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 Exhibit 117: Impact of drivers and challenges in 2022 and 2027 10.4 Market trends 11.3 Landscape disruption 11.4 Industry risks About US 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. Contact