Top 6 Companies in Global Polyolefins Market

According to the research report, “Global Polyolefins Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 380 Billion by 2029, increasing from USD 226.96 Billion in 2023. The market is expected to grow with 9.61% CAGR by 2024-29. The market is expected to grow with 6.50% CAGR by 2024-29. The global polyolefins market has experienced steady growth over the past few years, driven by increasing demand from end-user industries, particularly packaging and automotive.

 Top Six Compaies in the Polyolefins Market

1.BASF: BASF SE BASF SE (BASF) is a chemical company. It operates through the following segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, Agricultural Solutions, and Other. It carries out the production, marketing and sales of chemicals, plastics, crop protection products, and performance products. Its product line comprises solvents, adhesives, surfactant, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. The company serves a wide range of industries including construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, automotive, home care, nutrition, chemicals and others. BASF carries out R&D in alliance with global customers, scientists and partners.

• Established:1865

 • Headquarters:  Germany 

• Employees: 112,000

• Revenue: 19,991 Million euro

2.Exxon Mobil Corporation: Exxon Mobil Corporation (XOM) is one of the world's largest publicly traded oil and gas companies, and one of the largest integrated chemical companies. The company's three main businesses are energy, chemicals, and lubricants, and they also produce lower-emissions technologies. ExxonMobil explores, develops, and distributes oil, gas, and petroleum products, and is the largest refiner and marketer of those products.Exxon Mobil Corp (ExxonMobil) is an integrated oil and gas company that discovers, explores for, develops and produces crude oil, natural gas and natural gas liquids. The company carries out the refining of crude oil; produces, transports, trades and sells petroleum products; and manufactures lube base stocks and finished lubricants. ExxonMobil also manufactures and markets commodity petrochemicals including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products.

 • Established: 1882

• Headquarters: Texas, United States 

• Employees: 62000 

• Revenue: USD 36 Billion

3.Chevron Corporation: Chevron Corporation is an American multinational energy company that specializes in oil and gas. It is the second-largest integrated energy company in the United States and has operations in over 180 countries. Chevron Corp (Chevron) is an integrated oil and gas company. It operates in the oil and gas value chain including exploration and production, storage and pipeline transportation to refining, marketing and distribution of oil and gas products. It explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; and sells petrochemicals and additives. 

 • Established:1907

 • Headquarters: Atlanta, Georgia, United States

• Employees: 45000 

• Revenue:USD 196.9 Billion

 4.LyondellBasell Industries N.V.: LyondellBasell Industries N.V. is a multinational chemical company that produces and sells plastics, petrochemicals, and basic chemicals. The company's products and technologies are used in many sectors, including automotive components, food packaging, construction materials, and home furnishings. LyondellBasell is also the world's largest licensor of polyethylene and polypropylene technologies. LyondellBasell Industries NV (LyondellBasell) is a chemical company. It manufactures and sells plastics, petrochemicals, and basic chemicals. The company also refines crude oil to convert into refined products such as diesel, gasoline, and jet fuel. Its major chemical products include polyolefins and polypropylene compounds, propylene oxide, polyethylene, ethylene, and propylene. LyondellBasell also develops and licenses polyolefin process technologies and provides associated engineering services. The company’s products and technologies are used to manufacture a range of products in various sectors including food packaging, automotive components, home furnishings, and construction materials.

 • Established: 2007 

• Headquarters: United Kingdom

• Employees: 20000

• Revenue: USD 41.10 Billion

5.LG Chem Ltd: LG Chem Ltd (LG Chem) is a chemical manufacturer. The company manufactures and markets products related to petrochemicals, advanced materials, and life science. Its product portfolio includes acrylonitrile butadiene styrene, acrylonitrile styrene acrylate, acrylate, alcohol, bisphenol, butadiene rubber, die attach film, display stripper double-sided tape, OLED materials, battery materials, among others. It also offers life science products related to arthritis, diabetes, growth hormone, circulatory system, fertility, anemia, hyperkalemia, and crop protection agents, among others. LG Chem’s products find applications in automobiles, home appliances, packaging, agriculture, textiles, and industrial products, among others. 

• Established:1947

• Headquarters: Seoul, South Korea

• Employees: 14,280 

• Revenue: KRW 55,249 Billion

 6.Braskem S.A: Braskem is the Americas' top thermoplastic resin producer. With 36 industrial plants spread across Brazil, United States, Mexico and Germany, the company produces over 16 million tons of thermoplastic resins and other petrochemicals per year. Its portfolio includes polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), ethane, propene, butadiene, chlorine, caustic soda and hydrogen and sodium hypochlorite. The company serves customers in packaging, civil construction, industrial, retail, automotive, agribusiness, and health and hygiene, amongst others. Braskem also produces green polyethylene from sugarcane.

• Established: 2002  

• Headquarters: State of São Paulo, Brazil 

• Employees: 8126

• Revenue: 70,569 Millions of Reais