Polyolefin Elastomers (POE) Market Booming at a CAGR of 11.3% with New Business Developments And Top Key Companies and Market Growth Forecast 2030

QY Research's latest report 'Polyolefin Elastomers (POE) Market 2024 Report' is a cornerstone of global industries, serving as a foundational element for various sectors such as manufacturing, construction, healthcare, and agriculture. This expansive market encompasses a wide array of products, including specialty chemicals, polymers, metals, ceramics, and composites, among others. From enabling technological advancements to driving innovation and sustainability initiatives, the Polyolefin Elastomers (POE) market plays a pivotal role in shaping the modern world economy. This report provides an in-depth exploration of the trends, challenges, and opportunities within this dynamic market landscape.

The global market for Polyolefin Elastomers (POE) was estimated to be worth US$ 3308.4 million in 2023 and is forecast to a readjusted size of US$ 6245.6 million by 2030 with a CAGR of 11.3% during the forecast period 2024-2030

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This report studies the Polyolefin Elastomers market, Polyolefin elastomers (or POEs) are a relatively new class of polymers that emerged with recent advances in metallocene polymerization catalysts. Representing one of the fastest growing synthetic polymers, POE's can be substituted for a number of generic polymers including ethylene propylene rubbers (EPR or EPDM), ethylene vinyl acetate (EVA), styrene-block copolymers (SBCs), and poly vinyl chloride (PVC). POEs are compatible with most olefinic materials, are an excellent impact modifier for plastics, and offer unique performance capabilities for compounded products

The global key manufacturers of Polyolefin Elastomers (POE) include Dow, Mitsui Chemical, LG Chemical, SABIC SK Nexlene Company (SSNC), ExxonMobil Chemical, Borealis, and etc. The global top five players had a share approximately 96% in terms of revenue. Asia-Pacific is the largest market, has a share about 68%. In terms of product type, Injection Grade POE is the largest segment, occupied for a share of 41%, and in terms of application, Packaging Products has a share about 20 percent.

Polyolefin Elastomers (POE) Market competitive landscapes provide details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The data points provided are only related to the company's focus related to Polyolefin Elastomers (POE) markets. Leading global Polyolefin Elastomers (POE) market players and manufacturers are studied to give a brief idea about competitions.

Report Scope : -

The Polyolefin Elastomers (POE) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Polyolefin Elastomers (POE) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Polyolefin Elastomers (POE) companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Drivers:

In recent years, with the rapid expansion of downstream industries in China and other regions, the competitive advantages of polyolefin elastomers (POE) have become increasingly obvious. The growth in demand for POE in China has led to a high degree of prosperity in the industry. Although the decline in photovoltaic demand has had a significant impact on the POE industry, in the long run, the demand for polyolefin elastomers (POE) is still very certain. It is expected that after Chinese companies put into large-scale production, polyolefin elastomers (POE) can still maintain prosperity for 5-10 years. The increased volume of N-type photovoltaic modules from 2023 to 2024 will significantly boost the demand for POE film and particles. It is estimated that N-type photovoltaic modules will account for 28% and 45% in 2023-2024. In addition, the increase in the proportion of double-sided modules will also boost the demand for POE films and particles. Against the background of high demand for photovoltaics and an increase in the proportion of N-type modules and bifacial modules, there is a clear trend of high growth in photovoltaic-grade POE.

Market Restraint:

The IMF predicts that the world economy will continue to grow at a rate of 3.2% in 2024 and 2025, the same growth rate as in 2023. Economic growth in advanced economies will accelerate slightly, from 1.6% in 2023 to 1.7% in 2024 and 1.8% in 2025, but will be offset by a slight slowdown in growth in emerging market and developing economies. Offsetting this, the latter's growth is expected to fall from 4.3% in 2023 to 4.2% in 2024 and 2025. The forecast for global economic growth five years from now is 3.1%, the lowest level in decades. In addition, the global political landscape continues to be turbulent, and the Russia-Ukraine conflict has profoundly affected the future geopolitical landscape of the world. There is a profound geopolitical background and historical origin behind the Russia-Ukraine conflict. It is the result of the combined effect of multiple factors such as history and culture, ethnic conflicts, geopolitics, and the game of great powers. The situation in the Middle East continues to deteriorate, and the global political landscape is increasingly fragmented.

Market Opportunity:

Economists expect global inflation to decline in the coming years. In 2024, global inflation is expected to reach 4.6%, slow to 4.4% in 2025, and reach 4.0% in 2027. However, the report also believes that price pressures in many countries remain high, and further escalation of geopolitical conflicts may lead to another rise in inflation. It is expected that in about a quarter of developing countries, the annual inflation rate will exceed 10% in 2024.

Top Market Leader Included:

Dow
Mitsui Chemical
LG Chemical
SABIC SK Nexlene Company (SSNC)
ExxonMobil Chemical
Borealis

Detailed of Polyolefin Elastomers (POE) Market Segmentation: -

Segmentation By Type :-

Photovoltaic Grade POE
Injection Grade
Extrusion Grade
Others

Segmentation By Application : -

Automotive Parts
Consumer Products
Wire & Cable
Foams & Footwears
POE Photovoltaic Film
Packaging Products
Others

Polyolefin Elastomers (POE) Market Geography: -

By Region

United States

Canada
Mexico
Brazil
China

APAC

Japan
South Korea
China
ASEAN
India

EMEA

Europe
Middle East
Africa

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Key Features Of The Study:-

ᗒ This report provides in-depth analysis of the global Polyolefin Elastomers (POE) market, and provides market size (us$ million) and cagr for the forecast period (2024-2030), considering 2022 as the base year.

ᗒ This report profiles key players in the global Polyolefin Elastomers (POE) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Polyolefin Elastomers (POE) sales data, market share and ranking.

ᗒ This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

ᗒ This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

ᗒ The global Polyolefin Elastomers (POE) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Important questions answered in the report includes of:

ᗒ How will the market for the Polyolefin Elastomers (POE) Market industry grow in 2024?

ᗒ Which well-known major companies will drive the market's growth?

ᗒ Which size of business held the biggest market share for data center?

ᗒ What is the market's Compound Annual Growth Rate (CAGR) for the 2024-2030 forecast period?

ᗒ What is the primary factor driving the market's expansion?

ᗒ In the market, which region held the highest market share?

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