Title: Polyolefin Elastomer (POE) Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2025
1- Polyolefin Elastomer (POE) Market-
GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2016-2025
2REPORT DESCRIPTION
Polyolefin Elastomer (POE) MarketOverview
Rise in applications of polyolefin elastomer in
automotive, adhesives, masterbatches, consumer
goods, packaging, molded rubber goods, pipes,
footwear, hoses, and wire and cable is driving
growth of the global polyolefin elastomers
market. According to the Coherent Market
Insights study, global athletic footwear market
is projected to register a CAGR of 2.33 in terms
of revenue, over the forecast period. This
significant growth in footwear market is fuelling
growth of 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. Growing demand from automotive
industry is propelling growth of the global
polyolefin elastomers market. According to the
International Organization for Motor Vehicles
Manufacturers (OICA), global motor vehicle
production was around 90.78 million in 2015,
which increased to 94.98 million in 2016. This
rise in vehicle production is increasing demand
for the polyolefin elastomer, owing to its
applications in manufacturing automotive interior
trim and automotive exterior parts such as
automotive bumper fascia. Furthermore, polyolefin
elastomers are utilized to modify polypropylene
and polyethylene compounds or enhance flexibility
of polypropylene and polyethylene molded
products. According to a Coherent Market
Insights study, molded plastic market is
expected to surpass US 217.6 billion by 2025,
which in turn is fuelling growth of the
polyolefin elastomer market.
3REPORT DESCRIPTION
Polyolefin Elastomer (POE) MarketOutlook
Asia Pacific polyolefin elastomers market is
growing rapidly and is expected to show
substantial growth during the forecast period.
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. Also, vehicle
production in China is expected to cross 27
million by 2020 thereby fuelling growth of the
polyolefin elastomer market in this region.
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. According to the Coherent Market
Insights study, Asia Pacific held the highest
market share in molded plastic market in 2016 and
is expected to exhibit highest CAGR of 6.7
during the forecast period (2017-2025). North
America held significant market share in the
global polyolefin elastomers market, owing to
increasing demand from the automotive industry.
According to the U.S. Census Bureau, total sales
of cars and car parts was US 1 trillion in 2014
and increased by 6.5 in 2015. Furthermore,
according to the U.S. International Trade
Administration (ITA), the U.S. was the
second-largest market for vehicle production and
sale in 2016. Applications of polyolefin
elastomers in automotive radiator hoses is to
enhanced high temperature performance and for
auto interior modifier is driving growth of the
market in this region.
4REPORT DESCRIPTION
Polyolefin Elastomer (POE) MarketSegmentation
- By End-use Industry
- Automotive
- Packaging
- Adhesives
- Plastic
- Electrical and Electronics
- Others (Medical, Rubber, Consumer Goods and
Personal Care) -
- Request a sample copy of this reporthttps//www.c
oherentmarketinsights.com/insight/request-sample/1
574
5REPORT DESCRIPTION
Polyolefin Elastomer (POE) MarketKey Players
- 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
- SK Global Chemical Co., Ltd.
-
- To know the latest trends and insights prevalent
in this market, click the link belowhttps//www.c
oherentmarketinsights.com/ongoing-insight/polyolef
in-elastomer-market-1574
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