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The market size for polyolefin elastomers was estimated at USD 1880.69 million in 2022 and is anticipated to increase to USD 3684.8 million by 2030, rising at a CAGR of 8.76% over the forecast period (2023-2030) from USD 2026.9 million in 2023.
A family of olefin-based polymers known as polyolefins is a common source of monomers for the production of polymers like polyethylene and polypropylene. Recent developments in metallocene polymerization catalysts have led to the emergence of POEs (polyolefin elastomers), a type of polymer. Amorphous to crystalline, thermal stability, superb elasticity, low-temperature ductility, toughness, and UV resistance are only a few of the polymer's outstanding qualities. The expansion of the polyolefin elastomer market will be fueled by the increasing usage of polyolefins in the automotive industry for wire and cable coatings, exteriors and interiors, and extrusion coating.
The healthcare sector's rising need for polyolefin elastomer will fuel market expansion. Numerous medical uses, including introducers, dilators, film, molded components, and packaging, make use of polyolefins. Its capacity to provide chemical resistance, superior biocompatibility, and lubricity while providing adequate tensile and impact qualities might be linked to the requirement. The demand for polyolefin elastomer will increase as a result of the fast expansion of the healthcare sector and the rapid technological advancement in medical items. As a result, these variables will boost market expansion.
A class of polymers made from olefins is known as polyolefins. The most often used monomers to create important polymers like polyethylene and polypropylene are ethylene and propylene. Recent advancements in metallocene polymerization catalysts have led to the development of polyolefin elastomers (POE), a relatively new class of polymers. Metallocenes are extremely efficient metal catalysts made up of minute positively charged metal ion particles sandwiched between two cyclopentadienyl anions, where 'M' stands for the metal ion.
Amorphous to crystalline, low to very high molecular weight, great elasticity, excellent thermal stability, UV resistance, toughness, and low-temperature ductility are just a few of POE's exceptional qualities. It also has strong UV resistance. The market for polyolefin elastomers is anticipated to increase as a result of increasing uses in wires and cables, pipelines, wire and cable insulation, footwear foams, and molded rubber items. It is anticipated that the introduction of technologically advanced products like Exxpol and Dow's INSITE CGC will accelerate market expansion and lead to the entry of new companies.
Food and product packaging frequently uses polyolefin elastomer. This elastomer provides less dense, softer materials that are employed in the packaging industry. Additionally, polyolefin has numerous uses in seals, pouches, flexible and liners bags, closures, and other packaging materials for food and beverages. These elastomers are also employed in the production of plastic bags, carton and case sealing, vacuum bags, and other items. These are significant drivers of increased demand for polyolefin elastomers in the packaging sector.
Numerous market segments have been impacted by the fluctuation in oil prices and the growing regulation of plastics to stop environmental deterioration. The development of the worldwide polyolefin market will likely be impacted by these variables as well. Additionally, the high price of olefin raw materials will impede market expansion.
Polyolefin elastomer is a plastic substance that is used on a huge basis all over the world. This elastomer harms the environment and is not biodegradable. However, recycling polyolefin elastomers is now a popular trend in the international polyolefin elastomer market. For instance, the packaging industry is seeing an increase in demand for recycled polyolefin thanks to Unilever and Procter & Gamble. Recycled polyolefin also delivers zero waste and environmentally friendly products.
Report Coverage
Global Polyolefin Elastomer research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Polyolefin Elastomer report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Polyolefin Elastomer competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Polyolefin Elastomer market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Polyolefin Elastomer market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Polyolefin Elastomer market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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), Dalmia Polymers LLP, Tricon Energy Inc., SK Global Chemical Co., Ltd., ExxonMobil Corporation, Arkema Group, 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.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Polyolefin Elastomer market based on the below-mentioned segments:
Global Polyolefin Elastomer Market, By Type
Polyethylene
Polypropylene
Ethylene Propylene Diene Monomer
Others
Global Polyolefin Elastomer market, By Application
Adhesives
Molded Rubber Goods
Wires And Cables
Automotive Interior
Films
Medical Equipment
Others
Global Polyolefin Elastomer Market, By End User
Automotive
Healthcare
Consumer Goods
Packaging
Electrical
Electronics
Others
Global Polyolefin Elastomer market, Regional Analysis
A family of olefin-based polymers known as polyolefins is a common source of monomers for the production of polymers like polyethylene and polypropylene. Recent developments in metallocene polymerization catalysts have led to the emergence of POEs (polyolefin elastomers), a type of polymer. Amorphous to crystalline, thermal stability, superb elasticity, low-temperature ductility, toughness, and UV resistance are only a few of the polymer's outstanding qualities. The expansion of the polyolefin elastomer market will be fueled by the increasing usage of polyolefins in the automotive industry for wire and cable coatings, exteriors and interiors, and extrusion coating.
The healthcare sector's rising need for polyolefin elastomer will fuel market expansion. Numerous medical uses, including introducers, dilators, film, molded components, and packaging, make use of polyolefins. Its capacity to provide chemical resistance, superior biocompatibility, and lubricity while providing adequate tensile and impact qualities might be linked to the requirement. The demand for polyolefin elastomer will increase as a result of the fast expansion of the healthcare sector and the rapid technological advancement in medical items. As a result, these variables will boost market expansion.
A class of polymers made from olefins is known as polyolefins. The most often used monomers to create important polymers like polyethylene and polypropylene are ethylene and propylene. Recent advancements in metallocene polymerization catalysts have led to the development of polyolefin elastomers (POE), a relatively new class of polymers. Metallocenes are extremely efficient metal catalysts made up of minute positively charged metal ion particles sandwiched between two cyclopentadienyl anions, where 'M' stands for the metal ion.
Amorphous to crystalline, low to very high molecular weight, great elasticity, excellent thermal stability, UV resistance, toughness, and low-temperature ductility are just a few of POE's exceptional qualities. It also has strong UV resistance. The market for polyolefin elastomers is anticipated to increase as a result of increasing uses in wires and cables, pipelines, wire and cable insulation, footwear foams, and molded rubber items. It is anticipated that the introduction of technologically advanced products like Exxpol and Dow's INSITE CGC will accelerate market expansion and lead to the entry of new companies.
Food and product packaging frequently uses polyolefin elastomer. This elastomer provides less dense, softer materials that are employed in the packaging industry. Additionally, polyolefin has numerous uses in seals, pouches, flexible and liners bags, closures, and other packaging materials for food and beverages. These elastomers are also employed in the production of plastic bags, carton and case sealing, vacuum bags, and other items. These are significant drivers of increased demand for polyolefin elastomers in the packaging sector.
Numerous market segments have been impacted by the fluctuation in oil prices and the growing regulation of plastics to stop environmental deterioration. The development of the worldwide polyolefin market will likely be impacted by these variables as well. Additionally, the high price of olefin raw materials will impede market expansion.
Polyolefin elastomer is a plastic substance that is used on a huge basis all over the world. This elastomer harms the environment and is not biodegradable. However, recycling polyolefin elastomers is now a popular trend in the international polyolefin elastomer market. For instance, the packaging industry is seeing an increase in demand for recycled polyolefin thanks to Unilever and Procter & Gamble. Recycled polyolefin also delivers zero waste and environmentally friendly products.
Report Coverage
Global Polyolefin Elastomer research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Polyolefin Elastomer report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Polyolefin Elastomer competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Polyolefin Elastomer market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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), Dalmia Polymers LLP, Tricon Energy Inc., SK Global Chemical Co., Ltd., ExxonMobil Corporation, Arkema Group, 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. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Polyolefin Elastomer Market from 2021 to 2030.
- Market Forecast for Polyolefin Elastomer Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Polyolefin Elastomer competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Polyolefin Elastomer
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Polyolefin Elastomer market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Polyolefin Elastomer market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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), Dalmia Polymers LLP, Tricon Energy Inc., SK Global Chemical Co., Ltd., ExxonMobil Corporation, Arkema Group, 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.
Primary Target Market
- Market Players of Polyolefin Elastomer
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Polyolefin Elastomer market based on the below-mentioned segments:
Global Polyolefin Elastomer Market, By Type
Polyethylene
Polypropylene
Ethylene Propylene Diene Monomer
Others
Global Polyolefin Elastomer market, By Application
Adhesives
Molded Rubber Goods
Wires And Cables
Automotive Interior
Films
Medical Equipment
Others
Global Polyolefin Elastomer Market, By End User
Automotive
Healthcare
Consumer Goods
Packaging
Electrical
Electronics
Others
Global Polyolefin Elastomer market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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