Asia Pacific Polyolefin Market Size & Outlook, 2023-2030
Asia Pacific polyolefin market, 2018-2030 (US$M)
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Asia Pacific polyolefin market highlights
- The Asia Pacific polyolefin market generated a revenue of USD 125,267.7 million in 2023.
- The market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, polyethylene (pe) was the largest revenue generating product in 2023.
- Ethylene-Vinyl Acetate (EVA) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 125,267.7 million |
| Market revenue in 2030 | USD 186,485.0 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene (pe) |
| Fastest growing segment | Ethylene-Vinyl Acetate (EVA) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Ethylene-Vinyl Acetate (EVA), Thermoplastic Polyolefins (TPOs), Polyoxymethylene (POM), Polycarbonate (PC), Polymethyl Methacrylate (PMMA) |
| Key market players worldwide | China Petroleum & Chemical Corp Class H, LyondellBasell Industries NV Class A, PetroChina Co Ltd Class H, TotalEnergies SE, Chevron Corp, Repsol SA, Dow Inc, Exxon Mobil Corp, Braskem SA ADR, OMV AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 49.6% of the global polyolefin market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 186,485.0 million by 2030.
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Polyolefin Market Scope
Polyolefin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific polyolefin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyolefin market will help companies and investors design strategic landscapes.
Polyethylene (pe) was the largest segment with a revenue share of 37.33% in 2023. Horizon Databook has segmented the Asia Pacific polyolefin market based on polyethylene (pe), polypropylene (pp), ethylene-vinyl acetate (eva), thermoplastic polyolefins (tpos), polyoxymethylene (pom), polycarbonate (pc), polymethyl methacrylate (pmma) covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region stands out for its abundance of skilled labor available at a low cost, as well as easily accessible land. This shift in production focus toward emerging economies, particularly China and India, is poised to have a positive impact on market growth throughout the forecast period.
Despite slower growth in well-established regions like North America and Europe, many countries in Asia Pacific are projected to witness robust economic expansion over the forecast period.
In the Asia Pacific region, there is a strong demand for polypropylene, especially in the production of automotive components. The impressive load-bearing capacity, impact resistance, and shock resistance offered by the product are expected to drive its demand in the coming years.
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Our clientele includes a mix of polyolefin market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific polyolefin market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific polyolefin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific polyolefin market size, by country, 2018-2030 (US$M)
Asia Pacific Polyolefin Market Outlook Share, 2023 & 2030 (US$M)
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