Polyolefins are a class of polymers produced from olefins. Ethylene and propylene are the most widely used monomers to produce key polymers such as polyethylene and polypropylene. Polyolefin elastomers (POE) are a relatively new class of polymers with recent developments in metallocene polymerization catalysts. Metallocenes are very effective metal catalysts that consist of tiny particles of positively charged metal ions sandwiched between two cyclopentadienyl anions with formula (C5H5)2M where ‘M’ indicates the metal ion.
POE has excellent properties ranging from amorphous to crystalline, low to very high molecular weight, superior elasticity, excellent thermal stability, UV resistance, toughness, and low-temperature ductility. Growing applications in adhesives, footwear foams, molded rubber goods, pipes, packaging, wires and cables are expected to drive the growth of the Polyolefin Elastomers Market. The launch of technologically advanced products such as Exxpol and Dow’s INSITE CGC are expected to boost market growth and result in the entry of new players.
Increasing demand in the automotive industry is expected to propel the growth of the Polyolefin Elastomers Market during the forecast period. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), global motor vehicle production in 2015 was 89.7 million units and it increased to 96.8 million units in 2017.
However, fluctuations in the price of crude oil and expensive raw materials are expected to hinder market growth during the review period.
The Polyolefin Elastomers Market has been segmented into five key regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific has the largest share of the Polyolefin Elastomers Market due to the rising demand for molded products in toys, packaging, and automobiles. According to the OICA, China accounted for the highest vehicle production in 2017 with 29 million units. Japan, India, South Korea, and Thailand are the other markets contributing to the growth of the regional Polyolefin Elastomers Market.
The North American market for polyolefin elastomers is expected to witness significant growth during the forecast period due to increased product demand in the US automotive industry. According to the International Trade Administration (ITA), the US ranked second in the world for vehicle production and sales in 2016. The demand for POE in North America is also influenced by its use in applications such as wires and cables in the electrical and electronics industry.
In Latin America, Argentina and Brazil are the leading markets due to high product demand in medical and packaging applications. In 2015, Mexico was seventh-largest vehicle producer in the world, accounting for around 3.4 million automobiles. The use of POE in bumpers, instrument panels, and trims in the automotive industry is also expected to drive the growth of the Latin American market.
Europe is projected to be a lucrative market for POE due to its increasing use in the packaging and footwear industries. The main contributors to the growth of the regional market are Germany, the UK, France, and Italy.
The Middle East & Africa is expected to account for a small share of the global polyolefin elastomers market during the forecast period due to market saturation in end-use applications. The prominent nations in this market are Saudi Arabia and South Africa, with increasing demand in the automotive and packaging industries.
Polyolefin Elastomers Market Share, by Application, 2017 (%)
Source: MRFR Analysis
The Polyolefin Elastomers Market has been segmented based on type, manufacturing method, application, end-use industry, and region.
On the basis of Type, the Polyolefin Elastomers Market has been classified as polyethylene, polypropylene, and ethylene propylene diene monomer.
Based on Manufacturing Method, the Polyolefin Elastomers Market has been segmented into injection molding, extrusion molding, blow molding, cast and blown film extrusion, and foam and calendaring.
By Application, the Polyolefin Elastomers Market has been segregated into adhesives, molded rubber goods, wires & cables, automotive interiors, films, medical equipment, and others.
On the basis of End-Use Industry, the Polyolefin Elastomers Market has been divided into automotive, consumer goods, packaging, electrical and electronics, and others.
The Polyolefin Elastomers Market has been studied with respect to five regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The key players in the 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 (United States).
Recent DevelopmentDec 2021 Roscom Inc., an ISO 9001:2015–certified PVC compounding factory in Croydon, Pennsylvania, was acquired by Geon Performance Solutions yesterday. This is a significant step forward in their plan. Customers throughout the Northeastern United States and parts of Canada will benefit from the Croydon facility and tenured workforce. The firm also plans to take benefit of the Roscom team's excellent knowledge and look forward to expanding its product line for consumers. Geon, based in the Cleveland suburb of Westlake, OH, has built a portfolio of vinyl and polyolefin polymers and full-service production that caters to a variety of markets.
Aug 2021 Yamaha Rightwaters has recovered 10,000 pounds of waste polyolefin film that can be transformed back into virgin circular polymers via reverse logistics. It will act as a proof-of-concept for a countrywide program to reduce plastic trash in the country's waterways. The program uses sophisticated recycler Nexus Fuels' technology and the labor of Marietta, GA-based Tommy Nobis Enterprises, which provides vocational support and employment training for people with impairments.
Target Audience
| Report Attribute/Metric | Details |
| Market Size | 2030: Significant value |
| CAGR | 2024–2030: Substantial CAGR |
| Base Year | 2019 |
| Forecast Period | 2024-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Manufacturing Method, Application, End-Use Industry and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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 (United States). |
| Key Market Opportunities | Increasing demand in the automotive industry is expected to propel the growth |
| Key Market Drivers | Growing applications in adhesives, footwear foams, molded rubber goods, pipes, packaging, wires and cables are expected to drive the growth |
Polyolefin Elastomers Market Highlights:
Frequently Asked Questions (FAQ) :
Polyolefin Elastomers Market is predicted to grow at Significant through forecast period of 2024-2030.
The forecast period for Polyolefin Elastomers Market research report is 2024-2030.
Global Polyolefin Elastomers Market is dominated by APAC region.
Increase the demand for Industrial cleaning sector
The prominent players operating in the Polyolefin Elastomers Market include
Polyolefin Elastomers Market is predicted to grow at Significant through forecast period of 2022-2030.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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