Polyolefin Elastomer (POE) Market

Polyolefin Elastomer (POE) Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018-2026
Polyolefin Elastomer (POE) are produced by copolymerization of ethylene and
different comonomers including butene, propylenehexane, and octane. It shows
properties including low density, toughness, elasticity, low temperature ductility, UV
resistance, and thermal stability. It is used in various end-use industries such as
medical, electrical, electronics, and automotive.
Request For Sample Copy of this Research Report :
https://www.coherentmarketinsights.com/insight/request-sample/1574
Rise in applications of polyolefin elastomer in automotive, adhesives, masterbatches,
consumer goods, packaging, molded rubber goods, pipes, footwear, hoses, and wire
and cable is driving growth of the global polyolefin elastomers market. According to
the Coherent Market Insights’ study, global athletic footwear market is projected to
register a CAGR of 2.33% in terms of revenue, over the forecast period. This
significant growth in footwear market is fuelling growth of polyolefin elastomer market
as it finds applications in flexible foams in athletic footwear, sandal, and others,
owing to its properties such as resiliency, softness, and light weight. Growing
demand from automotive industry is propelling growth of the global polyolefin
elastomers market.
According to the International Organization for Motor Vehicles Manufacturers
(OICA), global motor vehicle production was around 90.78 million in 2015, which
increased to 94.98 million in 2016. This rise in vehicle production is increasing
demand for the polyolefin elastomer, owing to its applications in manufacturing
automotive interior trim and automotive exterior parts such as automotive bumper
fascia. Furthermore, polyolefin elastomers are utilized to modify polypropylene and
polyethylene compounds or enhance flexibility of polypropylene and polyethylene
molded products. According to a Coherent Market Insights’ study, molded plastic
market is expected to surpass US$ 217.6 billion by 2025, which in turn is fuelling
growth of the polyolefin elastomer market.
Market Outlook
Asia Pacific polyolefin elastomers market is growing rapidly and is expected to show
substantial growth during the forecast period. According to the U.S. International
Trade Administration (ITA), China was the largest vehicle producer between 2012
and 2014 and the average number of vehicles produced between 2012 and 2014
was 17.8 million. Also, vehicle production in China is expected to cross 27 million by
2020 thereby fuelling growth of the polyolefin elastomer market in this region.
Furthermore, growing demand for molded plastic products such as toys and other
household goods along with growing packaging industry is driving growth of the
polyolefin elastomers market in Asia Pacific.
North America held significant market share in the global polyolefin elastomers
market, owing to increasing demand from the automotive industry. According to the
U.S. Census Bureau, total sales of cars and car parts was US$ 1 trillion in 2014 and
increased by 6.5% in 2015. Furthermore, according to the U.S. International Trade
Administration (ITA), the U.S. was the second-largest market for vehicle production
and sale in 2016. Applications of polyolefin elastomers in automotive radiator hoses
is to enhanced high temperature performance and for auto interior modifier is driving
growth of the market in this region.
Europe is expected to be the lucrative market for polyolefin elastomers, due to its
increasing applications in plastic, packaging, footwear, and automotive industries.
Polyolefin elastomers are used in flexible foam technology such as in the athletic
footwear. According to Coherent Market Insights’ study, Europe held highest market
share in 2016 in the global athletic footwear market. Applications of polyolefin
elastomers in plastic modifications is propelling growth of this market in the region.
Key Players and Business Strategies
Key players operating in the global polyolefin elastomer market are Mitsui Chemical,
Inc., LG Chem Ltd., RTP Company, Inc., DowDuPont Inc., PolyOne Corporation,
Siloxane Aggrandize Innovative Industries, Dalmia Polymers LLP, Tricon Energy
Inc., Borealis AG, and SK Global Chemical Co., Ltd.
Companies operating in the polyolefin elastomer market are adopting various
strategies for business expansions. For instance, in June 2016, Borealis AG
launched three new polyolefin elastomer grades namely Queo 6800LA, Queo
7007LA, and Queo 7001LA. Also, in June 2014, Saudi Basic Industries Corporation
(SABIC) and SK Global Chemical Co. Ltd. formed a 50-50 joint venture involving
operations of manufacturing plants including Nexlene polyolefin elastomers and
plastomers production plants.
For More Information: https://tinyurl.com/y4yrblc5
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

The research report on polyolefin elastomer (POE) market segments the global market by end-use industry (Automotive, Packaging, Adhesives, Plastic, Electrical and Electronics, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2025

Download Report