According to a market report by Lucintel, the future of the global polyolefin resin market looks promising with opportunities in the medical device field, automotive field, and chemical field markets. The global polyolefin resin market is expected to reach an estimated $193.1 billion by 2030, with a CAGR of 2.1% from 2024 to 2030. The major drivers for this market are rising adaptation across the end-use industries, growing awareness towards health hazards and consumer safety in various industries, and increasing inclination towards polyolefins rather than PVC.
A more than 150-page report to understand trends, opportunity and forecast in polyolefin resin market to 2030 by product (polyethylene and polypropylene), application (medical device field, automotive field, and chemical field), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that polyethylene is expected to witness the higher growth over the forecast period due to its high polymer density and higher degree of crystallinity.
Within this market, automotive field will remain the largest segment due to increasing adoption of these resins owing to their properties, such as lightweight, ease of processing, sealing, and stiffness.
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APAC will remain the largest region over the forecast period due to significantly growing automotive production and presence of key manufacturer in the region.
Mitsui Chemical, Arkema, CNPC, Exxonmobil, Lyondellbasell are the major suppliers in the polyolefin resin market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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