Polyolefin Market Report Scope & Overview:

The Polyolefin Market size was valued at USD 256.35 billion in 2023 and is expected to grow to USD 385.55 billion by 2031 and grow at a CAGR of 5.2% over the forecast period of 2024-2031.

Polyolefin is a group of polymers made up of olefin monomer which is also called an alkene. Polyolefin is simply comprised of carbon and hydrogen molecules. The most notable members of polyolefin are ethylene and propylene, which are derived from the low molecular weight constituents of petroleum or natural gas. Polyolefins are known for their lightweight and flexible properties, making them ideal for a wide range of applications. They can be transformed into clear sheets and films, water-resistant carpet fibers, and many other products. This material is highly durable and resistant to wear and tear, making it a popular choice for various industries.

Polyolefin Market Revenue Analysis

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Polyolefin is a versatile material that can be modified to suit different requirements. It can be blended with other polymers to enhance its properties, or it can be filled with additives to improve its performance. For example, polyolefin can be made more flame-retardant, antistatic, or conductive by adding appropriate additives. Polyolefin is also an eco-friendly material that can be recycled and reused. It is non-toxic and does not release harmful chemicals when burned. Moreover, it has a low carbon footprint and can be produced using renewable energy sources.

Impact of COVID-19

The polyolefin market has faced low demand for its derivatives. The continued capacity expansion of polyolefins led to oversupply and this situation squeezed the profit margins of polyolefin. Unfortunately, the COVID-19 pandemic has further disrupted the supply chain, causing a significant impact on the revenue and profit margins of the polyolefin market. The manufacturer is trying to increase the demand for polyolefins in order to decrease the inventory of polyolefins. Due to COVID-19 pandemic demand for polyolefins decreased across the world which caused a downward curve in the price of polyolefins.

Market Dynamics


  • Increasing demand for bio-based polyolefin

  • Rising demand for fuel-efficient automobiles in emerging economies

  • Increasing demand for plastics across the globe

The biodegradation of polyolefins is an environmentally friendly process that utilizes a low-energy consumption method for the degradation of plastic. This factor has contributed significantly to the growth of the polyolefins market. Moreover, the low-energy consumption method used in the biodegradation process makes it a cost-effective and sustainable solution. This has led to an increase in demand for polyolefins in various industries, including packaging, construction, and automotive.


  • Fluctuation in the raw material prices

  • High cost associated with the polyolefins

The high cost associated with polyolefins is a significant restraint on the market. The cost of producing polyolefin can be quite high, which limits its accessibility and affordability for many businesses. This constraint on the market has led to a search for alternative materials that can provide similar benefits at a lower cost. Some companies have turned to bioplastics, which are made from renewable resources and can be more cost-effective than traditional polyolefins.


  • Increasing investment in R&D activities by market players


  • Growing concern regarding the harmful effect of plastic on the environment

Impact of Russia-Ukraine War:

The Russia-Ukraine war impacted the global polyolefin market significantly. Polyolefins, which include polyethylene and polypropylene, are widely used in the manufacturing of various products, including packaging materials, automotive parts, and construction materials. The security of supply is a crucial concern for European polyolefin producers and buyers due to the potential risks of interrupted oil and gas supplies from Russia. This issue has become increasingly pressing in recent years, as geopolitical tensions and economic sanctions have heightened the possibility of disruptions to the flow of these vital resources. The conflict has led to a decrease in production and exports, resulting in a shortage of polyolefins in the global market. This shortage has caused prices to increase, making it more expensive for manufacturers to produce their products.

Impact of Recession:

The recent economic crisis led to a decrease in the demand for polyolefin products which further decreases the price of polyolefin. The recession has also caused a shift in consumer behavior, with many individuals opting for cheaper alternatives to polyolefin products. Furthermore, the recession has led to a decrease in investment in the polyolefin industry. This has resulted in a decrease in research and development, which has hindered the industry's ability to innovate and create new products.

Market segmentation

By Product

By Application

  • Film & Sheet

  • Injection Molding

  • Blow Molding

  • Profile Extrusion

  • Fibers & fabrics

  • Others

Polyolefin Market Segment Analysis

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Regional Analysis

Asia-Pacific accounted for the major revenue share of about 49.3% in 2022 and is expected to grow with a CAGR of about 5.4% during the forecast period owing to the increasing demand for fuel-efficient automobiles in this region. The Asia-Pacific is the largest producer and consumer of electronic products which drives the regional market significantly. The presence of various manufacturing plants in large-scale industries such as construction, electronics, and automobiles propels the growth of the polyolefin market. China is the main country contributing a major share in this region due to the presence of a large consumer base and key market players.

North America and Europe are the regions that show significant growth during the projected period. This growth is attributed to the increasing demand for polyolefins in consumer goods, transportation, and construction industries. In addition, the population of this region is more concerned about the environmental issues caused by plastic further boosts the market for green i.e. bio-based polyolefins.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players

The Key Players are Sinopec Corp., LyondellBasell Industries Holdings B.V., PetroChina Company Limited, Total Energies,  Chevron Corporation,  Repsol,  Dow,  Exxon Mobil Corporation,  Braskem,  Borealis AG & Other Players.

Sinopec Corp-Company Financial Analysis

Polyolefin Market Report Scope:

Report Attributes Details
Market Size in 2023  US$ 256.35 Bn
Market Size by 2031  US$ 385.55 Bn
CAGR   CAGR of 5.2% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Polyethylene (PE), Polypropylene (PP), Ethylene Vinyl Acetate (EVA), Polyolefin Elastomer (POE), and Polystyrene)
• By Application (Film & Sheet, Injection Molding, Blow Molding, Profile Extrusion, Fibers & fabrics, and Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Sinopec Corp.; LyondellBasell Industries Holdings B.V.; PetroChina Company Limited; Total Energies; Chevron Corporation; Repsol; Dow; Exxon Mobil Corporation; Braskem; Borealis AG
Key Drivers • Increasing demand for bio-based polyolefin
• Rising demand for fuel-efficient automobiles in emerging economies
Market Opportunities • Increasing investment in R&D activities by market players


Frequently Asked Questions

The expected market size of the Polyolefin Market is USD 385.55 billion in 2031.

The expected CAGR of the global Polyolefin Market during the forecast period is 5.2%.

The major key players are Sinopec Corp.; LyondellBasell Industries Holdings B.V.; PetroChina Company Limited; TotalEnergies; Chevron Corporation; Repsol; Dow; Exxon Mobil Corporation; Braskem; Borealis AG

Asia-Pacific contributes major to the Polyolefin Market.

Fluctuation in the raw material prices and High cost associated with the polyolefins are the restraining factor of the Polyolefin Market.

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Polyolefin Market Segmentation, By Product
8.1 Polyethylene (PE)
8.2 Polypropylene (PP)
8.3 Ethylene Vinyl Acetate (EVA)
8.4 Polyolefin Elastomer (POE)
8.5 Polystyrene

9. Polyolefin Market Segmentation, By Application
9.1 Film & Sheet
9.2 Injection Molding
9.3 Blow Molding
9.4 Profile Extrusion
9.5 Fibers & fabrics
9.6 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Polyolefin Market by Country
10.2.2North America Polyolefin Market by Product
10.2.3 North America Polyolefin Market by Application
10.2.4 USA USA Polyolefin Market by Product USA Polyolefin Market by Application
10.2.5 Canada Canada Polyolefin Market by Product Canada Polyolefin Market by Application
10.2.6 Mexico Mexico Polyolefin Market by Product Mexico Polyolefin Market by Application
10.3 Europe
10.3.1 Europe Polyolefin Market by Country Europe Polyolefin Market by Product
10.3.3 Europe Polyolefin Market by Application
10.3.4Germany Germany Polyolefin Market by Product Germany Polyolefin Market by Application
10.3.5 UK UK Polyolefin Market by Product UK Polyolefin Market by Application
10.3.6 France France Polyolefin Market by Product France Polyolefin Market by Application
10.3.7 Italy Italy Polyolefin Market by Product Italy Polyolefin Market by Application
10.3.8 Spain Spain Polyolefin Market by Product Spain Polyolefin Market by Application
10.3.9 The Netherlands Netherlands Polyolefin Market by Product Netherlands Polyolefin Market by Application
10.3.10 Rest of Europe Rest of Europe Polyolefin Market by Product Rest of Europe Polyolefin Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Polyolefin Market by Country
10.4.2Asia Pacific Polyolefin Market by Product
10.4.3 Asia Pacific Polyolefin Market by Application
10.4.4 Japan Japan Polyolefin Market by Product Polyolefin Market by Application
10.4.5. South Korea South Korea Polyolefin Market by Product South Korea Polyolefin Market by Application
10.4.6 China China Polyolefin Market by Product China Polyolefin Market by Application
10.4.7 India India Polyolefin Market by Product India Polyolefin Market by Application
10.4.8 Australia Australia Polyolefin Market by Product Australia Polyolefin Market by Application
10.4.9 Rest of Asia-Pacific APAC Polyolefin Market by Product APAC Polyolefin Market by Application
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa Polyolefin Market by Country
10.5.2 The Middle East & Africa Polyolefin Market by Product
10.5.3The Middle East & Africa Polyolefin Market by Application
10.5.4 Israel Israel Polyolefin Market by Product Israel Polyolefin Market by Application
10.5.5 UAE UAE Polyolefin Market by Product UAE Polyolefin Market by Application
10.5.6 South Africa South Africa Polyolefin Market by Product South Africa Polyolefin Market by Application
10.5.7 Rest of Middle East & Africa Rest of Middle East & Asia Polyolefin Market by Product Rest of Middle East & Asia Polyolefin Market by Application
10.6 Latin America
13.6.1 Latin America Polyolefin Market by Country
10.6.2. Latin America Polyolefin Market by Product
10.6.3 Latin America Polyolefin Market by Application
10.6.4 Brazil Brazil Polyolefin Market by Product Brazil Polyolefin Market by Application
10.6.5Argentina Argentina Polyolefin Market by Product Argentina Polyolefin Market by Application
10.6.6Rest of Latin America Rest of Latin America Polyolefin Market by Product Rest of Latin America Polyolefin Market by Application

11 Company Profile
11.1 Sinopec Corp
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Product/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 LyondellBasell Industries Holdings B.V.
11.2.1 Market Overview
11.2.2 Financials
11.2.3 Product/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 PetroChina Company Limited
11.3.1 Market Overview
11.3.2 Financials
11.3.3 Product/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 TotalEnergies
11.4.1 Market Overview
11.4.2 Financials
11.4.3 Product/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Chevron Corporation
11.5.1 Market Overview
11.5.2 Financials
11.5.3 Product/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Repsol
11.6.1 Market Overview
11.6.2 Financials
11.6.3 Product/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Dow
11.7.1 Market Overview
11.7.2 Financials
11.7.3 Product/Services/Offerings
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Exxon Mobil Corporation
11.8.1 Market Overview
11.8.2 Financials
11.8.3 Product/Services/Offerings
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Braskem
11.9.1 Market Overview
11.9.2 Financials
11.9.3 Product/Services/Offerings
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Borealis AG
11.10.1 Market Overview
11.10.2 Financials
11.10.3 Product/Services/Offerings
11.10.4 SWOT Analysis
11.10.5 The SNS View

12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments

13. USE Cases And Best Practices

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

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Data Bank Validation

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