Global Polyolefin Elastomers (POE) Market Size, By Type (Injection Grade, General Grade, Extrusion Grade), By Application (Adhesives, Automotive, Consumer Goods, Films and Packaging, Molded Rubber Goods, Wire, and Cable), By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa), Trend Analysis, Competitive Market Share & Forecast, 2020-2027

Upcoming:
January 2021
Report Code:
bwc20238
Available Format:
PDF PDF Icon
Pages:
178

global polyolefin elastomers market

Global Polyolefin Elastomers Market Size – Industry Trends & Forecast Report 2027

The Global Polyolefin Elastomers market size was calculated to be USD  billion in 2020 and is expected to take a surge at a CAGR of % till 2027 with an approximate value of USD  till the forecast year. The market is anticipated to witness significant growth, with the rise in applications. In the projected year, Polyolefin Elastomers consumption will showcase a steady growth state. POEs are relatively new in the class of polymers, which has been initiated with recent technological advancements. 

Source : Blueweave Consulting

Global Polyolefin Elastomer Overview

 

The Polyolefin Elastomer(s) or POE are simply elastomers having a backbone of polyethylene. The POE offers a low density and higher flexibility. These are commonly used to modify the PE and PP based compounds or makes PE and PP products more flexible than usual. These could be used in compounding, extrusion, film, and injection molding. 

In fronts such as metallocene polymerization catalysts, metallocene polymerization catalysts represent one of the high paced growing synthetic polymers. POE’s could be substituted for numerous generic polymers including ethylene vinyl acetate, ethylene-propylene rubbers (EPR or EPDM), styrene block copolymers (SBCs), and PVC (Poly Vinyl Chlorides) for sure. Polyolefin Elastomers complements most of the olefinic materials, and act as a perfect impact modifier for plastics. And offer state of the art performance-driven properties for compounded products, materials, etc. 

 

Global Polyolefin Elastomer Market

 

Growth Drivers

 

Increase in disposable income among the urban population

As the population is growing rapidly in both rural and urban settings have brought up many adaptions taking place. Such is the growing disposable income among the people and the increase in consumer preference for packaged products. The retail industry especially in the Asia Pacific and Latin America is expected to drive the growth for the relevant market. Due to the increased demand for easy, quick, and fresh products that are often packed, produced, and manufactured with the help of Polyolefin Elastomers. 

 

Increase in demand for flexible, food & beverages packaging with sustainable insulative technology for current and energy transformation

Among various factors and drivers, there’s one component that makes the market to grow. It is the growing demand for flexible & sustainable food that has helped the market to gain substantial growth. Additionally, the increased innovation and adoption of the new technologies has led to an escalation of the overall product yields throughout the Global market. POE blends are manufactured by melt mixing recyclable high voltage D.C. (direct current) cable used for insulation related applications. The enhanced flexibility, high breakdown, high volume, and well revised thermal characteristics directly increase the potential HVDC apple and its application with PP/POE blends and mixtures.

 

Restraint 

 

The irresponsible disposable of plastics

In recent times, worldwide populations have concentrated more on the environment and related issues. People nowadays are more aware of the fact that more plastics are being manufactured. The landfills are getting overflowed and people are growing more concerned about such issues. In a study taken in the year 2015, according to the United Nations Environment Program, around 322 million tons of plastic wastes was produced. Additionally, 8.3 billion metric tons of plastic was manufactured. All of this could hinder the polyolefin elastomer market on the global level. 

 

Impact of COVID 19 on Industry

 

The rise and spread of COVID-19 have led to decreasing rates of utilization rates of refineries across the globe, resulting in supply shortages for various end-use sectors. The health crisis has hit on a different note leading to a sudden spike in demand for olefins which find usage in the formulation of sanitizers and other cleaning products. Additionally, the global industries are more focused on providing the world population with necessities, vaccines, and related medication. The markets such as Polyolefin Elastomers could face impact either positive or negative. Based on the requirements of global industries, it is yet to determine. But the report will account for Covid19 as a contributor, which will be well analyzed. 

 

Global Polyolefin Elastomers (POE)Market: By Type

 

Based on type, the Polyolefin Elastomers are divided into Injection Grade, General Grade, Extrusion Grade. These are based on the techniques used for the formation of the specific polyolefin elastomer. For the case of injection molding, one requires polymers which usually are characterized by high fluidity at the temperature of processing that will allow filling well your mold at the pressure of injection and finally to obtain in one step very complicated or complex injection molded items, products, etc. In the case of Grade POE, the grades are designed for processing by extrusion are generally characterized by higher molecular weights and high/higher viscosity in the molten form. The type varies from product to product, hence followed by the ease of production, availability of raw materials, etc.

 

Global Polyolefin Elastomers (POE)Market: By Application 

 

Based on application, the POE market is divided into Adhesives, Automotive, Consumer Goods, Films and Packaging, Molded Rubber Goods, Wire, and Cable. The rise in the applications of polyolefin credits majorly to automotive, adhesives, masterbatches, etc. The swell in the growth of the relevant market is fueled by the footwear market. Additionally, the rising market for athletic footwear, sandals, etc. which requires light and long-lasting materials to be manufactured from, has increased. As the POE provides resilience, softness, is lightweight, and has a good amount of flexibility.  

 

Global Polyolefin Elastomers (POE)Market: Regional Insights

 

The Asia Pacific is anticipated to gain the fastest growth, in the market for global polyolefin elastomers over the projected period. The growth would be due to the increasing demand for automobiles, which has a huge marketplace in countries such as China, Taiwan, Japan, etc. In a recorded study by the International Trade Administration, China held the highest position between the year 2012 to 2014 for producing 17.8 million vehicles. However, on the same account, China is yet again about to get an important growth in the market, by the year 2020. 



BlueWeave Consulting

 

 

Recent Developments

 

In recent events, SBIAC made an accountable investment in the development of the upcoming generation of polypropylene. Therefore, the company set up a pilot plan in the year 2016, in Sittard- Geleen, Netherlands using gas-phase polymerization technology. That plant is hereby expected to withstand the manufacture of secondary materials, which would meet the requirements of multiple industries, such as pipe, appliances, advanced packaging and, automotives.

 

Competitive Landscape

 

The major players for the market are ABU Dhabi Polymers Company Ltd (Borouge),Aggrandize Innovative Industries,Chevron Phillips Chemical Company LIC, China National Petroleum Corp.,SABIC, Ineos Group Limited, SK Global Chemical Co., Ltd., Siloxane,Reliance Industries Limited, Tricon Energy Inc.,among others small scale or localized industries.

 

Scope of the Report

 

Attribute

Details

Years Considered

Historical data – 2016-2019

Base Year – 2020

Forecast – 2020 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE, South Africa, Saudi Arabia.

Product/Service Segmentation

By Type, By Application, By Region

Key Players

ABU Dhabi Polymers Company Ltd (Borouge), Aggrandize Innovative Industries, Chevron Phillips Chemical Company LIC, China National Petroleum Corp., SABIC, Ineos Group Limited, SK Global Chemical Co., Ltd., Siloxane, Reliance Industries Limited, Tricon Energy Inc.

 

Scope of the Report

 

By Type

      Injection Grade

      General Grade

      Extrusion Grade

 

By Application 

      Adhesives

      Automotive

      Consumer Goods

      Films and Packaging

      Molded Rubber Goods

      Wire and Cable

 

By Region

      Asia Pacific

      North America

      Europe

      Middle East & Africa

      Latin America


COVID-19

We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at

Contact Now

WHY CHOOSE US

  • 24/7 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Coustom Research Service

    Ask the Analyst to customize an exclusive study to serve your research needs.

  • Quality & Accuracy

    offers best quality reports based on various authentic and accurate data findings.

  • Data Visualization

    As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization

  • Information security

    We never share your personal and confidential information. Your personal information is safe and secure with us.