China Polyolefin Market Size & Outlook, 2023-2030
China polyolefin market, 2018-2030 (US$M)
Related Markets
China polyolefin market highlights
- The China polyolefin market generated a revenue of USD 52,198.4 million in 2023 and is expected to reach USD 79,747.4 million by 2030.
- The China market is expected to grow at a CAGR of 6.2% 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 52,198.4 million |
| Market revenue in 2030 | USD 79,747.4 million |
| Growth rate | 6.2% (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, China accounted for 20.7% of the global polyolefin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polyolefin market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 41,658.0 million by 2030.
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Polyolefin Market Scope
Polyolefin Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 37.27% in 2023. Horizon Databook has segmented the China 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.
Continuing infrastructural investments are expected to sustain economic growth in China and the automotive, aerospace, and construction sectors are expected to benefit from reforms include regulatory changes, policy adjustments, or structural enhancements.
However, these prospects are not long-term and growth is likely to remain sluggish in the industrial sector, which is likely to impact the consumption of polyolefin over the forecast period.
China's construction market is likely to outperform other South-East Asian countries owing to government initiatives and funding to retain its development, which could significantly benefit the polyolefin market.
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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 country-level data and insights on the China polyolefin market , including forecasts for subscribers. This country databook contains high-level insights into China polyolefin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China polyolefin market size, by product, 2018-2030 (US$M)
China Polyolefin Market Outlook Share, 2023 & 2030 (US$M)
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