South Africa Polyolefin Market Size & Outlook, 2023-2030
South Africa polyolefin market, 2018-2030 (US$M)
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South Africa polyolefin market highlights
- The South Africa polyolefin market generated a revenue of USD 2,436.1 million in 2023 and is expected to reach USD 3,124.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.6% 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 2,436.1 million |
| Market revenue in 2030 | USD 3,124.9 million |
| Growth rate | 3.6% (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, South Africa accounted for 1.0% of the global polyolefin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia polyolefin market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 16,306.4 million by 2030.
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Polyolefin Market Scope
Polyolefin Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 37.38% in 2023. Horizon Databook has segmented the South Africa 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.
South Africa is one of the leaders in terms of automotive production in MEA. Expanding automotive industry in the country has significantly contributed to GDP. The presence of regulations enacted by the Department of Trade and Industry has further boosted the production of automobiles in the country.
Thus, the demand for polyolefin in the country is on the rise owing to the aforementioned factors. However, there is a growing awareness regarding the environmental impact of polyolefin, particularly the issue of polyolefin waste and its impact on the oceans and marine life. This has led to a shift toward more sustainable materials and packaging options.
As a result, there may be a decrease in demand for certain polyolefin products in South Africa. Chemicals are usually stored in safe containers, such as in drums or rigid polyolefin bottles, manufactured with multiple layers of protective materials to eliminate the risk of spills and leaks.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa polyolefin market , including forecasts for subscribers. This country databook contains high-level insights into South Africa polyolefin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa polyolefin market size, by product, 2018-2030 (US$M)
South Africa Polyolefin Market Outlook Share, 2023 & 2030 (US$M)
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