Key Players:Global Polyolefin Elastomers Market boasts a presence of many noteworthy players including 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).Industry Update:June 2019: ExxonMobil Chemical Co. announced its plan to add a new line that will produce around 400,000 metric tons of its special elastomer.
This project is a part of a USD 2 billion expansion project in Baytown that will maximize the value of the increased production from Permian shale oil basin, according to the May news release of the said company.Market Segmentation:Global Polyolefin Elastomers Market is segmented by Type, Manufacturing Method, Application, End-Use Industry and Region.Based on Type, Global POE Market is segmented into polyethylene, ethylene propylene diene monomer, and polypropylene.
The polypropylene segment is estimated to dominate the Global POE Market during the forecast period, owing to lower cost, good mechanical and thermal stability, secure processing, chemical resistance, and melt rheological behavior.Based on the Manufacturing Method, Global Polyolefin Elastomers Market is segmented into injection method, extrusion molding, cast & blown film extrusion, foam and calendaring, and blow molding.Based on Application, Global Polyolefin Elastomers Market is segmented into adhesives, wires & cables, automotive interiors, films, molded rubber goods, and medical equipment.
A surge noticed in the automotive sector is anticipated to contribute to the growth in the Regional Polyolefin Elastomers Market over the assessment period.
Globally, the U.S. is the second largest producer of automobiles, following China.
The Middle East & Africa is projected to showcase sluggish growth for Polyolefin Elastomers Market during the review period ending in 2023.Polyolefin Elastomers Market Overview:The MRFR report concludes that the Global Polyolefin Elastomers Market is expected to witness a considerable CAGR through the forecast period owing to various factors, as listed in the Market Research Future's (MRFR) report.