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Polyolefins Global Market Worth $346.21 Billion at a CAGR of 11.9% By 2027 | Key Players: SABIC, Sinopec Group, Total SA, Arkema SA, Braskem SA
Polyolefins Market
The Business Research Company's Polyolefins Global Market Report 2023 identifies An increase in demand for packaged food is expected to propel the growth of the polyolefins market going forward. Packaged food is a type of food that saves time in food acquisition, preparation, and is ready-to-eat food from grocery stores.
The global polyolefins market size grew from $195.54 billion in 2022 to $220.45 billion in 2023 at a compound annual growth rate (CAGR) of 12.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The polyolefins market size is expected to grow to $346.21 billion in 2027 at a CAGR of 11.9%.
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Major players in the polyolefins market are Exxonmobil Corporation, SABIC, Sinopec Group, Total SA, Arkema SA, LyondellBasell Industries, Braskem SA, Total SA, BASF SE, Sinopec Group, Bayer AG, Reliance Industries, Borealis Ag, Ineos Group AG, Repsol, Petrochina Company Ltd., Ducor Petrochemical, Formosa Plastics Corporation, Chevron Phillips Chemical Co., and Reliance Industries
Technological advancements are a key trend gaining popularity in the polyolefins market. Major companies operating in the polyolefins market are focused on product innovations to strengthen their position in the market.
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The Polyolefins market is segmented -
1) By Type: Polyethylene (PP) - HDPE, LDPE, LLDPE, Polypropylene, Other Types
2) By Application: Films and Sheets, Blow Molding, Injection Molding, Profile Extrusion, Other Applications
3) By End-User: Packaging, Automotive, Construction, Pharmaceuticals/Medical, Electronics & Electricals
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Polyolefins market.
The Business Research Company's "Global Polyolefins Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Polyolefins Market Include:
1. Executive Summary
2. Polyolefins Market Characteristics
3. Polyolefins Market Trends And Strategies
4. Polyolefins Market - Macro Economic Scenario
5. Polyolefins Market Size And Growth
……
27. Polyolefins Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyolefins Market
29. Polyolefins Market Future Outlook and Potential Analysis
30. Appendix
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