North America Polyolefin Market Size & Outlook, 2023-2030
North America polyolefin market, 2018-2030 (US$M)
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North America polyolefin market highlights
- The North America polyolefin market generated a revenue of USD 40,918.6 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 40,918.6 million |
| Market revenue in 2030 | USD 54,966.3 million |
| Growth rate | 4.3% (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, North America region accounted for 16.2% 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 |
|---|
North America 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 40.02% in 2023. Horizon Databook has segmented the North America 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.
Polyolefin market in North America is expected to witness slow growth from 2023 to 2030 owing to limited cross-border trade among the regional economies due to trade barriers and geopolitical factors.
The demand for polyolefins for use in packaging, construction, electrical & electronics, automotive, agriculture, furniture & bedding, consumer goods, and utility applications is expected to grow in North America post-pandemic due to a combination of factors.
These include the resurgence of economic activities and consumer spending, a continued shift towards e-commerce and online shopping necessitating reliable packaging solutions, infrastructure investments and construction projects, rising demand for lightweight.
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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 continent-level data and insights on the North America polyolefin market , including forecasts for subscribers. This continent databook contains high-level insights into North America polyolefin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America polyolefin market size, by country, 2018-2030 (US$M)
North America Polyolefin Market Outlook Share, 2023 & 2030 (US$M)
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