Polyolefin Elastomer Market Size, Share, Growth Analysis, By Type(Polyethylene, Polypropylene, Ethylene Propylene diene monomer.), By Manufacturing method(Injection moulding, Extrusion moulding, Blow moulding, Cast), By Application(Adhesives, Moulded rubber, Medical equipment, Films), By End Use(Healthcare, Automotive, Consumer goods, Packaging), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2350 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
131
|Figures:
79
Polyolefin Elastomer Market Insights
Polyolefin Elastomer Market size was valued at USD 1880.67 million in 2019 and is poised to grow from USD 2026.2 million in 2023 to USD 3684.3 million by 2031, growing at a CAGR of 7.76% in the forecast period (2024-2031).
Elastomers with a polyethylene backbone are known as polyolefin elastomers (POE). POEs are frequently used to impact modify PE and PP compounds or to increase the flexibility of PE and PP moulded goods since they have a low density and high flexibility. They can be utilised in compounding, extrusion, film, and injection moulding.
In the production of medical equipment such as catheters, tubes, masks, and bags, demand for polyolefin elastomers is rising. The need for polyolefin elastomers is projected to increase due to its properties, which include high sterilisation resistance, ease of mixing with other polymers, high torque transmission, strong impact resistance, and resistance to harsh chemicals. Because of their characteristics, polyolefin elastomers are perfect for uses like mobility aids, surgical tools, and prostheses. Although polyolefin elastomers can be strengthened and designed to endure repeated use and shocks, they are gentle enough to be used on the skin of patients.
US Polyolefin Elastomer Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot
Global Market Size
Largest Segment
Packaging
Fastest Growth
Packaging
Growth Rate
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Polyolefin Elastomer Market Segmental Analysis
The global polyolefin elastomer market segmentation is based on types, method of manufacturing, application, end user and region. Based on type the market is segmented into polyethylene, polypropylene, and ethylene propylene diene monomer. On the basis of manufacturing method, the market is segregated into Injection moulding, Extrusion moulding, blow moulding, cast and blown film extrusion, blow moulding, foam, calendering, others . Based on application the market is segmented into Adhesives, Moulded rubber, medical equipment, films, wires and cables, Automotive interior, others. On the basis of End Use, the market is segmented into Healthcare, Automotive, Consumer goods, Packaging, Electrical, Electronics, others. Based on Region the global polyolefin elastomer market is segmented into North America, Europe, Asia-Pacific and Rest of the world.
Polyolefin Elastomer Market Analysis by Application
The global polyolefin elastomer market is expanding as a result of the automotive industry's value growth and hence this segment holds the most lucrative part of the market. Due to the use of this type of elastomer in the creation of interior and exterior automobile components like bumper fascia, increased vehicle manufacturing is creating a demand for polyolefin elastomers. The market for polyolefin elastomers is expanding due to the increase in vehicle manufacturing.
Polyolefin Elastomer Market Analysis by End Use
In terms of revenue, the packaging application category holds the largest market share. Packaging for both food and non-food items frequently uses polyolefin elastomers (POE). Due to the high levels of commoner in POE, which results in soft, flexible, and very low density materials, POE is used to make seals, closures, wads for caps, liners and flexible bags, as well as pouches specifically for the packaging of food and beverages. Additionally, they are utilised for sealing cases, cartons, plastic bags, vacuum bags, and other items.
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Polyolefin Elastomer Market Regional Insights
The market for polyolefin elastomers in Asia Pacific has dominated the market and is expanding quickly and is anticipated to expand significantly over the course of the forecast period. The Asia Pacific polyolefin elastomers market is expanding as a result of rising consumer demand for moulded plastic goods including toys and other household items as well as an expanding packaging sector. The average number of automobiles produced was 17.8 million in a year, according to the U.S. International Trade Administration (ITA), with China being the leading producer between those years.
- Largest
- Fastest
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Polyolefin Elastomer Market Dynamics
Polyolefin Elastomer Market Driver
- With recent developments in the polymerization of metallocene catalysts, a new class of polymers known as polyolefin elastomers was created. Polyolefin elastomers, which are quickly replacing other polymers including ethylene vinyl acetate (EVA), poly vinyl chloride (PVC), ethylene propylene rubbers (EPDM/EPR), and styrene-block copolymers, are among the fastest growing types of polymers (SBCs). Polyolefin elastomers provide good impact modifier properties for plastics, are friendly to olefinic materials, and offer performance capabilities for polyolefin elastomer-based products. These olefinic compounds are meant to stimulate the worldwide polyolefin elastomer market.
Polyolefin Elastomer Market Restraint
- Fluctuation in oil price and the increased regulation on plastics in order to prevent environmental degradation has affected many sectors in the market. These factors are most likely to impact the growth of the global polyolefin market as well. Also, high costs of olefin raw materials also will cause hindrance in the growth of the market.
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Polyolefin Elastomer Market Competitive Landscape
The market for polyolefin elastomers is fairly competitive and has players spread across various parts of the world. The major players are undergoing strategic advances to have a competitive edge in the industry. For instance, the bio-based Affinity RE has been added by Dow Packaging and Specialty Plastics to its high-performance Affinity GA polyolefin elastomers (POE). Affinity RE's expansion has assisted Henkel's Technomelt brand in lessening the environmental impact of its most recent Supra Eco hot melt adhesives line.
Polyolefin Elastomer Market Top Players Company Profiles
- Dow Chemical Company
- ExxonMobil Corporation
- LyondellBasell Industries N.V.
- Mitsui Chemicals Inc.
- Arkema Group
- LG Chem Ltd.
- SABIC
- Sumitomo Chemical Co., Ltd.
- Borealis AG
- Hanwha Chemical Corporation
- Versalis S.p.A.
- Celanese Corporation
- Braskem S.A.
- INEOS Group AG
- Chevron Phillips Chemical Company LP
- Reliance Industries Limited
- Eastman Chemical Company
- Westlake Chemical Corporation
- Sinopec Corporation
- Repsol S.A.
Polyolefin Elastomer Market Recent Development
- In December 2021, Geon Performance Solutions purchased Croydon, Pennsylvania-based Roscom Inc., a PVC compounding facility with ISO 9001:2015 certification. This is a huge advancement in their goal. The Croydon facility and experienced staff will benefit clients across the Northeastern United States and portions of Canada.
- In August 2021, Yamaha 10,000 pounds of used polyolefin film were recovered by Rightwaters and can be reverse-logistically converted into new circular polymers. It will serve as a proof-of-concept for a national initiative to lessen plastic waste in the nation's waterways.
Polyolefin Elastomer Key Market Trends
- Because of the regulations imposed by various governments, over the use of plastic in regards to protecting the environment, the sector is facing some downtrend. But because of the advancements in the characteristics which are the results of technological developments the sector is most likely to grow with a substantial CAGR within the forecast period.
Polyolefin Elastomer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, global polyolefin elastomer Market segmentation is based on Type, method of manufacturing, Application, End Use and Region. The Polyethylene sector with type segment has major market share and will increase at the greatest CAGR from 2022 to 2028. In terms of revenue, the packaging application category held the largest market share. The global polyolefin elastomer market is expanding as a result of the automotive industry's value growth. According to regional analysis, the Asia-Pacific region holds the most lucrative market segment and is estimated to dominate the market over the forecast period.
| Report Metric | Details |
|---|---|
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Polyolefin Elastomer Market Recent Development
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| Customization scope | Free report customization with purchase. Customization includes:-
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| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Polyolefin Elastomer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Polyolefin Elastomer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Polyolefin Elastomer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyolefin Elastomer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyolefin Elastomer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polyolefin Elastomer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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