Polyolefins Market Forecast to Reach Around $270 Billion by 2025 Rising Demand for Polyolefins Across Various Industry Verticals Driving the Growth of Polyolefins Market
BriefingWire.com, 4/04/2021 - The Global Polyolefins Market is forecast to reach around $270 billion by 2025, after growing at a CAGR of 6.5% during 2020-2025. The diverse applications of polyolefins in a gamut of industries including packaging, consumer goods, and others propels the growth of Polyolefins market size during the forecast period. Whereas, an increase in sales of electric and hybrid vehicles led to more demand for vehicle and automotive parts also contribute to the market growth. The use of polyolefins in fashion, sports, and toys is growing due to its ability to resist physical stresses, durability, provide flexibility in packaging, and allow easy molding of products.