The Global Polyolefin Market is projected to register a CAGR of more then 8% during the forecast period.

The polyolefins market is witnessing a slower growth in terms of demand from its downstream derivatives. Under supply and compressed profit margins resulted from the ongoing wave of capacity expansions in the polyethylene industry, placing even more pressure on producers. For manufacturers, who were already experiencing over supply chain disruptions due to United States and China trade war, got another dosage of recession in cargo delivers due to COVID-19 pandemic. The advent of COVID-19, which the World Health Organization has deemed a pandemic, is having a noticeable effect on global economic development. The pandemic has impacted operations in several sectors, including automotive, oil and gas, manufacturing, aerospace, and others, as most countries have declared a state of emergency, and the impact can still be seen in the current quarter of 2021. As a result of this, demand for polyolefin has declined drastically.

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– Over the short term, due to its advance properties the demand of polyolefin in electronics, automotive, and other industries lead to increase the growth of the market.
– Polyolefin provide a good insulation property, offering electric treeing resistance and can become electrostatically charged. Due to this reason, the demand of polyolefin tends to be higher in electrical and electronic industries also.
– However, growing environmental regulation on plastic, imposed by various countries, tends to constrain the growth of the market.
– Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.

Key Market Trends

Increasing Demand from Films and Sheets

– Films and sheets include wide range of application across transportation, packaging, agriculture, building and construction, and so on.
– Growing demand for polyolefin films and sheets from agricultural sector across various applications such as greenhouse, mulch and silage stretch films, and silage sheets, as well as construction for window films and the medical sector, are driving the market’s growth.
– Furthermore, polyolefin-based agricultural films not only protect vegetables from frost, wind, rain, and pests, but also speed up the ripening of fruit, vegetables, and flowers, enabling farmers to cultivate multiple crops in a year. Polyolefin films also help to minimize water consumption by reducing evaporation.
– On the other side, polyolefin sheet also finds its application in construction industry. The polyethylene sheeting is done under the slab, which acts as a vapor retarder. The most beneficial part of polyethylene sheets is they do not decay and have the capability to retard for longer duration. Due to this reason, the demand of polyolefin is also getting increase in construction industry.

China to Dominate the Asia-Pacific Region

– China is one of the fastest emerging economies, and has presently become one of the biggest production houses in the world. The country’s manufacturing sector is one of the major contributors to its economy.
– Presently, China is a major consumer of polyolefin worldwide. The growth is majorly driven by the increase in e-commerce, as the strong courier business has led to a spike in demand for plastic packaging.
– The country primarily relies on the imports from the United States to meet the demand for PE. The United States exported 600,000 metric ton of PE to China. The huge shale gas-based capacities in the United States have inundated China with PE.
– Electronic products, such as smartphones, OLED TVs, tablets, and so on have the highest growth in the market in the consumer electronics segment. With increase in the disposable income of middle-class population, the demand for electronic products is projected to grow in the near future, thereby driving the demand for polyolefins in the count.

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Competitive Landscape

The Polyolefin market is consolidated in nature. Some of the major players in the market include LyondellBasell Industries Holdings B.V., Exxon Mobil Corporation, SABIC, LG Chem. and Mitsubishi Chemical Holdings Corporation among others.

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Shift in Preferences from Rigid Packaging to Flexible Packaging
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Growing Environmental Regulation
4.3 Industry Value-Chain Analysis
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition

5 MARKET SEGMENTATION

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