By 2028, the polyolefin market will reach USD 444.2 billion, with a compound annual growth rate of 12.6%

Bangalore, India, May 20, 2021/PRNewswire/-Polyolefin market by type (polyethylene (PE), polypropylene (PP) and polystyrene) and application (film and sheet, injection molding, blow molding) Molding, profile extrusion molding, and others). The report is published on the evaluation report of the plastics and polymers category.
The polyolefin market is valued at USD 133.9 billion in 2020 and is expected to reach USD 444.2 billion by 2028, with a compound annual growth rate of 12.6% from 2021 to 2028.

-By 2026, the global bio-based polyolefin market is expected to reach USD 56 million from USD 39 million in 2019, with a compound annual growth rate of 5.2% from 2021 to 2026. In 2013, as demand shifted from synthetic polymers to bio-based polyolefins, packaging became the most popular application. As more and more bio-based polyolefins are used to manufacture auto parts and automobiles; transportation is the second largest market for bio-based polyolefins. In addition, due to the increase in construction projects in emerging countries such as India, China and Brazil, the market for bio-based polyolefins in construction and construction is expected to grow rapidly throughout the forecast period.

Post time: Nov-05-2021