Polyolefin elastomers market is set to register a high CAGR owing to increasing demand in the automotive industry :

Pune, India, September, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Polyolefin Elastomers Market Research Report.

POE are prepared by the copolymerization of ethylene with different monomers such as propylene, butene, hexene, and octene. They have low density and good elasticity. POE are a new class of polymers developed due to advancements in metallocene polymerization catalysts. POE offer superior elasticity, UV resistance, thermal stability, toughness, and low temperature ductility.

Based on type, the global polyolefin elastomers market has been segmented into polyethylene, polypropylene, and ethylene propylene diene monomer. The polypropylene segment is expected to account for the largest share of the global polyolefin elastomers market during the forecast period owing to low cost, good mechanical and thermal properties, melt rheological behavior, easy processing, and chemical resistance. Wires and cable insulation, injection molded automotive parts such as bumpers, adhesives, trims, and instrument panels, packaging, and footwear are the major applications of polypropylene-blended elastomers. The expanding global automotive industry is expected to drive the growth of the polyolefin elastomers market during the assessment period.

By end-use industry, the global polyolefin elastomers market has been divided into automotive, consumer goods, packaging, medical, electrical and electronics, and others. The automotive segment is projected to account for the largest share of the global polyolefin elastomers market during the review period due to rising product use in automotive panels, adhesives, airbags, bumpers, and automotive interior and exterior components.

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Market Segmentation

The global polyolefin elastomers market has been segmented based on type, manufacturing method, application, end-use industry, and region.

On the basis of type, the global polyolefin elastomers market has been divided into polyethylene, polypropylene, and ethylene propylene diene monomer.

Based on manufacturing method, the global polyolefin elastomers market has been segregated into injection molding, extrusion molding, blow molding, cast and blown film extrusion, and foam and calendering.

On the basis of application, the global polyolefin elastomers market has been segmented into adhesives, molded rubber goods, wires and cables, automotive interior, films, medical equipment, and others.

By end-use industry, the polyolefin elastomers market has been classified as automotive, consumer goods, packaging, electrical and electronics, and others.

The global polyolefin elastomers market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

Regional Analysis

The global polyolefin elastomers market has been studied for five key regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. In 2017, Asia-Pacific accounted for the largest share of the polyolefin elastomers market due to surging demand in molded rubber goods and automotive. China leads the regional market due to the large-scale automobile production in the country. According to the ITA, the US registered the second-largest vehicle production and sales in 2017, which is expected to drive the growth of the North American polyolefin elastomers market. In Latin America, Brazil, Mexico, and Argentina are the leading markets due to the widespread use of POE in medical and packaging applications. There is increasing demand for POE in the European footwear and packaging industries. The leading country-level markets in the region are Germany, the UK, France, and Italy. The market in the Middle East & Africa is expected to register sluggish growth during the forecast period.

Competitive Analysis

The key players in the global polyolefin elastomers market are DowDuPont (US), the Dow Chemical Company (US), Exxon Mobil Corporation (US), Mitsui Chemicals, Inc. (Japan), LG Chem (South Korea), Mitsubishi Chemical Holding Corporation (Japan), Polmann India Ltd (India), SABIC (Saudi Arabia), LyondellBasell Industries Holdings BV (Netherlands), RTP Company (US), and PolyOne Corporation (US).