Canada Polyolefin Market Size & Outlook, 2023-2030
Canada polyolefin market, 2018-2030 (US$M)
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Canada polyolefin market highlights
- The Canada polyolefin market generated a revenue of USD 2,721.1 million in 2023 and is expected to reach USD 3,864.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.1% 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.
Polyolefin market data book summary
| Market revenue in 2023 | USD 2,721.1 million |
| Market revenue in 2030 | USD 3,864.1 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene (pe) |
| Fastest growing segment | Ethylene-Vinyl Acetate (EVA) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 1.1% of the global polyolefin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polyolefin market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,864.1 million by 2030.
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Polyolefin Market Scope
Polyolefin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 40.44% in 2023. Horizon Databook has segmented the Canada 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.
As per EIA Canada was the fourth-largest producer of crude oil in the world as of 2022. Declining prices of crude oil and increasing demand for polyolefins in the country are paving the way for the growth of polyolefin market in Canada. Polyolefins are produced from various petrochemicals derived from crude oil. They are strong, durable, and lightweight.
The emergence of numerous new polyolefin manufacturers in remote areas of Canada is a direct response to the widely scattered population of the country. According to the International Energy Agency (IEA), despite this dispersion, the per capita polyolefin consumption in Canada surpassed the global average in 2022.
While Tier II and Tier III cities in the country have less population, the demand of polyolefin necessitates a manufacturing presence, typically requiring one or two facilities in each city. Tier I cities in Canada have already established manufacturing plants, thereby constraining the expansion possibilities of existing facilities and offering minimal space for the establishment of new plants for polyolefins.
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Our clientele includes a mix of polyolefin market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada polyolefin market , including forecasts for subscribers. This country databook contains high-level insights into Canada polyolefin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada polyolefin market size, by product, 2018-2030 (US$M)
Canada Polyolefin Market Outlook Share, 2023 & 2030 (US$M)
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