Polyolefin Elastomer Market Report, by Application (Packaging, Automotive, Polymer Modification, Wires & Cables, Medical, and Others) and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Published On : May 2019 |
  • Pages : 152 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

­­­Global Polyolefin Elastomers Market – Insights

Polyolefin elastomers (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. Increasing demand from various end-use industries such as medical, electrical, electronics, and automotive is expected to propel growth of global polyolefin elastomer market during the forecast period.

Among applications, packaging segment accounted for the largest market share in 2018, in terms of revenue. Polyolefin elastomers (POE) are extensively used in food and non-food packaging. POE has high levels of comonomer, producing soft, flexible, and very low density materials, owing to which it has applications in seals, closures, wads for caps, liners and flexible bags, and pouches especially for the food and beverages packaging. They are also used for case and carton sealing, plastic bags, vacuum bags, and others.

Growing disposable income among the populace and growing consumer preference towards packaged goods coupled with growing retail industry, especially in Asia Pacific and Latin America is expected to drive growth of the global polyolefin elastomers market. For instance, India Brand Equity Foundation (IBEF), a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, reported that the retail sector is expected to nearly double in valuation from US$ 600 billion in 2015 to US$ 1 trillion by 2020. Therefore, significant growth in food and beverage industry is expected to boost global polyolefin market in the region during the forecast period.

Various factors such as increasing demand for flexible & sustainable food packaging, technological advancement by leading manufacturers, and many more are expected to moderately impact growth of the polyolefin elastomers. Increased innovation and adoption of new technologies has led to increase the product yields. Polyolefin elastomer (POE) blends are prepared by melt mixing for recyclable high voltage direct current (HVDC) cable insulation applications. Enhanced flexibility, high volume resistivity, high breakdown strength as well as excellent thermal properties increase the potential HVDC cable application of (polypropylene) PP/POE blends.

According to United Nations Environment Program, around 322 million tons of plastic was produced in 2015, which accounted to over 900 Empire State Buildings. Moreover, according to a study published in the scientific journal Science Advances, 8.3 billion metric tons of plastic was manufactured, amongst which 6.3 billion metric tons of this had become plastic waste, and only 9% had been recycled. This further stands as one of the major restraints in the polyolefin elastomers market, globally.

Figure 1. Global Polyolefin Elastomers Market Share (%), By Region, 2018

Polyolefin Elastomer (POE)  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

The global polyolefin elastomers market was valued at US$ 1,723.8 million in 2018 and is expected to register a CAGR of 8.7% in terms of revenue over the forecast period (2019–2027), to reach US$ 3,602.5 million by 2027.

Asia Pacific polyolefin elastomers market is growing rapidly and is expected to show significant growth during the forecast period. 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.

Rise in applications of polyolefin elastomer in automotive, adhesives, master batches, consumer goods, packaging, molded rubber goods, pipes, footwear, hoses, and wire and cable is driving growth of the global polyolefin elastomers market. This significant growth in footwear market is fuelling growth of global 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.

Figure 2. Global Polyolefin Elastomers Market Share (%), By Application, 2018

Polyolefin Elastomer (POE)  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Asia Pacific is expected to witness the fastest growth in the global polyolefin elastomers over the forecast period. This is owing to increasing demand for automobiles and significant growth of the automobile industry in India and China. 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. Moreover, vehicle production in China is expected to cross 27 million by 2020, thereby fuelling growth of the polyolefin elastomer market in this region.

Major players operating in the global polyolefin elastomers market include 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., and others.

Polyolefins are a class of polymers produced from olefins. Polyolefin elastomers (POE) are a relatively new class of polymers with recent developments in metallocene polymerization catalysts. Increasing demand from various applications such as packaging, medical, polymer modification, and others is expected to boost global polyolefin elastomer market during the forecast period.

Increasing awareness regarding food contamination is increasing the demand for packaging. According to Packaging Machinery Manufacturers Institute (PMMI), U.S., packaging machinery sector witnessed a 4.8% increase in the U.S. from 2015 to 2016, generating a revenue of US$ 9.8 billion, further propelling the country’s packaging industry and thereby global polyolefin elastomers market growth. 

Market Dynamics

Among applications, the packaging segment is expected to hold significant market share in the global polyolefin elastomer market during the forecast period. In 2018, the segment accounted for 52.0% share in the global polyolefin elastomer market in terms of revenue. Moreover, polyolefin elastomer is used as a main ingredient in the molded flexible foam technology such as in the fabrication of spa pillows, arm rests, seat cushions, self-skinned footwear (crocs shoes), and others.

Among regions, Asia Pacific held dominant position in the global polyolefin elastomer market, in terms of revenue share, in 2018. This is owing to increasing production of automobiles and high use of polyolefin elastomer in making interior and exterior applications. It is used as an impact modifier for automotive components such as dashboards, door trims, instrumental panel, auto interiors, car bumpers, and others.

North America is expected to record fastest growth in the market over the forecast period. This is owing to increasing demand for automotive in the U.S. And Canada. The U.S. is one of the largest automotive markets at global level. According to the U.S. Department of Commerce, in 2016, the U.S. exported around 2.1 million light vehicles, which were valued at US$ 57 billion, to most of the countries across the globe, along with additional exports of automotive parts that were valued at US$ 80 billion. This industry also accounts for 3 to 3.5% of U.S. gross domestic product, which further drives growth of the polyolefin elastomers market in this region.

Key features of the study:

  • This report provides in-depth analysis of global polyolefin elastomer market and provides market size (US$ Million & KT) and Compound Annual Growth Rate (CAGR%) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global polyolefin elastomer market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include, 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., and others.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
  • The global polyolefin elastomer market report caters to various stakeholders in this industry including investors, suppliers, Polyolefin Elastomer manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the polyolefin elastomer market

Detailed Segmentation:

  • Global Polyolefin Elastomer Market, By Application:
    • Packaging
    • Automotive
    • Polymer Modification
    • Wires and Cables
    • Medical
    • Others
  • Global Polyolefin Elastomer Market, By Region:
    • North America
      • U.S.
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • Canada
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • Mexico
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
    • South America
      • Brazil
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • Argentina
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • Rest of South America
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
    • Europe
      • Germany
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • Italy
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • France
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • Rest of Europe
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
    • Asia Pacific
      • China
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • India
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • Japan
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • South Korea
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • Rest of Asia Pacific
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
    • Middle East & Africa
      • Middle East
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
      • Africa
        • By Application:
          • Packaging
          • Automotive
          • Polymer Modification
          • Wires and Cables
          • Medical
          • Others
  • Company Profiles
    • Mitsui Chemical, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • LG Chem Ltd.
    • RTP Company, Inc.
    • DowDuPont Inc.
    • PolyOne Corporation
    • Siloxane Aggrandize Innovative Industries
    • Dalmia Polymers LLP
    • Tricon Energy Inc.
    • Borealis AG
    • SK Global Chemical Co., Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • PEST Analysis
      • PORTER Analysis
      • Industry Trend
      • Mergers and Acquisitions
    • Cost Tier Down Analysis
  4. Global Polyolefin Elastomer Market, By Application, 2017 - 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Automotive
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Polymer Modification
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Wires and Cables
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Medical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million & KT)
  5. Global Polyolefin Elastomer Market, By Region, 2017 - 2027 (US$ Million & KT)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017 – 2027 (US$ Million & KT)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
    • South America
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • Rest of South America
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
    • Europe
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
    • Asia Pacific
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
    • Middle East & Africa
      • Market Share Analysis, By Country, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Middle East
          • Regional Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
        • Africa
          • Regional Trends
          • Market Size and Forecast, By Application, 2017 - 2027 (US$ Million & KT)
  6. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Mitsui Chemical, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • LG Chem Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • RTP Company Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DowDuPont Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • PolyOne Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Siloxane Aggrandize Innovative Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Dalmia Polymers LLP.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Tricon Energy Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Borealis AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • SK Global Chemical Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 66 market data tables* and 34 figures* on "Polyolefin Elastomer Market” - Global forecast to 2027.

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