Polyolefin Market is expected to grow at CAGR of approximately 7% from 2016 to 2022

Synopsis of the Global Polyolefin Market
Market Scenario
The Polyolefin Market is driven by increasing demand for eco-friendly packaging and ease of availability of raw materials in emerging nations. Polyolefin is preferred over the other metal substitutes due to its properties such as light weight, high durability and the ability to resist chemical reactions. This boosts the popularity of these polymers among all the applications. Polyethylene (PE) was valued to have the largest market by type and is expected to attain a share of around 30% of global polyolefin market by 2022. Film & Sheet is expected to lead the market share by application in the forecasted period.

Furthermore, the government regulations to optimize the fuel efficiency and reduce the CO2 emission have fueled the demand for these polymers from the automotive sector. The production of polyolefin is expected to cross 180 million tonnes by 2022 globally. This is backed by the rising disposable incomes of average population have widened the scope for the market. The Global Polyolefin Market is expected to cross USD 300 Billion at the end of the forecasted period and is expected to grow at CAGR of approximately 7% from 2016 to 2022.

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Key Players:
The key players of Global Polyolefin Market report include- BASF SE, The Dow Chemical Co., E. I. du Pont de Nemours and Company, Formosa Plastics Corporation, Sinopec Corporation, LyondellBasell Industries Holdings B.V., ExxonMobil Corporation, China National Petroleum Corporation, SABIC, Braskem S.A., Total S.A., Ineos Group AG, and Arkema S.A.

Market Research Analysis:
Polyolefin is one of the most preferred packaging materials by the companies and the consumers due to its properties such as rigidness, lightweight, durability and resistance to chemical reaction. The applicability in the packaging market across all applications and industries has widened over a period of time. With increasing consumer awareness along with rapid increase in disposable income induces the growth in packaging, automotive, industrial and construction industries.

It is expected that the Global Polyolefin Market will advance with higher growth rate as compared to previous years. The current challenge for the market is unstable distribution of crude oil and natural gas due to fluctuating prices and the high capacity-to-demand ratio. However, the emerging countries such as China have proved to be a source of raw materials for such polymers. The increasing disposable income of average consumers in the emerging economies is driving the market of polyolefin along with upcoming government policies to reduce greenhouse emissions over the next five years, especially in APAC. Polyethylene (PE) is valued to have the largest market by type and is expected to attain a share of around 30% of global polyolefin market by 2022. Film & Sheet is expected to lead the market share by application in coming years.

Scope of the Report:
This study provides an overview of the Global Polyolefin Industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global polyolefin market as types and application. On the basis of types it is segmented as polypropylene (PP), polyethylene (PE) and polymethylpentene (PMP). On the basis of application it is segmented as films & sheet, blow molding, injection molding and tapes & fibers.

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