Japan Polyolefin Market Size & Outlook, 2023-2030

The polyolefin market in Japan is expected to reach a projected revenue of US$ 17,995.8 million by 2030. A compound annual growth rate of 4.5% is expected of Japan polyolefin market from 2024 to 2030.
Revenue, 2023 (US$M)
$13,217.9
Forecast, 2030 (US$M)
$17,995.8
CAGR, 2024 - 2030
4.5%
Report Coverage
Japan

Japan polyolefin market highlights

  • The Japan polyolefin market generated a revenue of USD 13,217.9 million in 2023 and is expected to reach USD 17,995.8 million by 2030.
  • The Japan market is expected to grow at a CAGR of 4.5% 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 2023USD 13,217.9 million
Market revenue in 2030USD 17,995.8 million
Growth rate4.5% (CAGR from 2023 to 2030)
Largest segmentPolyethylene (pe)
Fastest growing segmentEthylene-Vinyl Acetate (EVA)
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPolyethylene (PE), Polypropylene (PP), Ethylene-Vinyl Acetate (EVA), Thermoplastic Polyolefins (TPOs), Polyoxymethylene (POM), Polycarbonate (PC), Polymethyl Methacrylate (PMMA)
Key market players worldwideChina 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, Japan accounted for 5.2% 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 Companies

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Japan 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 Japan 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.


Japan is the third-largest economy globally in terms of nominal GDP and the fourth-largest in terms of purchasing power parity. The country accounts for a huge demand for polyolefins due to the presence of an established production, trade, and industrial environment.

Japan is a major producer and exporter of electronics, semiconductors, optical instruments, and hybrid vehicles. Polyolefins are used in all of the aforementioned industries and their demand is expected to witness growth over the forecast period alongside the growth of these industries.

Packaging, consumer goods, and construction industries, followed by automotive, were the major consumers of polyolefin in the country in 2022, which is expected to foster the growth of the plastics market over the forecast period owing to high consumption.

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Horizon Databook provides a detailed overview of country-level data and insights on the Japan polyolefin market , including forecasts for subscribers. This country databook contains high-level insights into Japan polyolefin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Japan polyolefin market size, by product, 2018-2030 (US$M)

Japan Polyolefin Market Outlook Share, 2023 & 2030 (US$M)

Japan polyolefin market size, by product, 2018-2030 (US$M)

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