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

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.

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. '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.', '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.'

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.

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.

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.