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According to the latest research, the global Polyolefin Elastomers (POE) market size was valued at USD 2731.77 million in 2022 and is expected to expand at a CAGR of 9.9% during the forecast period, reaching USD 4811.93 million by 2028.
Polyolefin elastomers (POE) are elastomers based on a polyethylene backbone. POEs offer low density and high flexibility and are commonly used to impact modify PE and PP compounds or to make PE and PP molded products more flexible. They can be used in injection molding, extrusion, film and compounding.
Market Drivers & Growth Opportunities
Polyolefin Elastomers (POE) downstream can be used in the field of photovoltaic films. Benefiting from the increase in new installed capacity of photovoltaics in the world, the demand for photovoltaic film has increased significantly. POE film has a good application prospect in double-glass modules of double-sided power generation cells, and the proportion of photovoltaic film material Polyolefin Elastomers (POE) continues to increase.
Polyolefin Elastomers (POE) materials are suitable for photovoltaic films. POE resin can be uniformly mixed with various modifiers to form a mixture, which is extruded into a molten adhesive film by casting, and then undergoes a series of commercial processing to form a POE adhesive film, which is subsequently applied to the packaging of components. POE materials are recognized as one of the mainstream materials for photovoltaic films due to their good weather resistance, UV aging resistance, and excellent heat resistance and low temperature resistance.
Photovoltaic film is an important photovoltaic auxiliary material, and the market is mainly based on ethyl vinyl acetate (EVA) and Polyolefin Elastomers (POE) film. Photovoltaic film is mainly used in the encapsulation of photovoltaic modules. The loss of photovoltaic film will directly affect the power generation of the module, and it is the key material of photovoltaic modules. Compared with the continuous technological changes in the main photovoltaic industry chain, the technical route of photovoltaic film is relatively stable, mainly including transparent EVA film, white EVA film, POE film (including multi-layer co-extruded POE film) three categories.
The photovoltaic industry maintains a high degree of prosperity, and the future growth is clear. At this stage, the prosperity of the global photovoltaic industry continues to improve, and the global photovoltaic installed capacity is growing rapidly. In the medium and long term, the global "carbon neutrality" policy is gradually being introduced, and the photovoltaic industry driven by the policy is expected to maintain rapid growth. At the same time, the cost of photovoltaic power generation in many parts of the world is already lower than that of traditional energy sources. Driven by the improvement of conversion efficiency, there is still ample room for cost reduction, and the era of global photovoltaic comprehensive parity is coming.
The rapid growth of the photovoltaic industry will inevitably bring huge demand for the middle and downstream components of the industry chain. Double-glass modules need to be equipped with POE film, and the market share of POE film is expected to continue to increase in the future. Therefore, it is expected to drive the development of the Polyolefin Elastomers (POE) industry.
Region Overview:
From 2022-2027, Asia-Pacific is estimated to witness robust growth prospects.
Company Overview:
Dow, ExxonMobil Chemical, LG Chemical, SABIC SK Nexlene Company (SSNC) and Mitsui Chemical are the five key players in the global Polyolefin Elastomers (POE) market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Polyolefin Elastomers (POE) market in the past 5 years.
Dow Inc. produces and distributes chemical products. The Company manufactures and supplies chemicals for liquid injection molding, architecture fabrication, leather, textiles, automobiles, rubber consumer goods, and food industries.
ExxonMobil Chemical Company is one of the largest worldwide petrochemical companies. The company manufactures and markets olefins, aromatics, fluids, synthetic rubber, polyethylene, polypropylene, oriented polypropylene packaging films, plasticizers, synthetic lubricant basestocks, additives for fuels and lubricants, zeolite catalysts and other petrochemical products.
Segmentation Overview:
Among different product types, Injection Grade POE segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Automotive Parts segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Polyolefin Elastomers (POE) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Polyolefin Elastomers (POE). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Polyolefin Elastomers (POE) Market Report Include:
Market Size Estimates: Polyolefin Elastomers (POE) market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Polyolefin Elastomers (POE) market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Polyolefin Elastomers (POE) market
Segment Market Analysis: Polyolefin Elastomers (POE) market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Polyolefin Elastomers (POE) market situations and prospects in major and top regions and countries
Polyolefin Elastomers (POE) Market
Polyolefin Elastomers (POE) Industry Chain: Polyolefin Elastomers (POE) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Polyolefin Elastomers (POE) Industry News, Policies by regions
Polyolefin Elastomers (POE) Industry Porters Five Forces Analysis
Key players in the global Polyolefin Elastomers (POE) market are covered in Chapter 2:
Dow
LG Chemical
Borealis
ExxonMobil Chemical
Mitsui Chemical
SABIC SK Nexlene Company (SSNC)
In Chapter 6 and Chapter 9, on the basis of types, the Polyolefin Elastomers (POE) market from 2018 to 2028 is primarily split into:
Injection Grade
General Grade
Extrusion Grade
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Polyolefin Elastomers (POE) market from 2018 to 2028 covers:
Automotive Parts
Consumer Products
Wire & Cable
Foams & Footwears
Packaging Industry
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Polyolefin Elastomers (POE) market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Polyolefin Elastomers (POE) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Polyolefin Elastomers (POE) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Polyolefin Elastomers (POE) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Polyolefin Elastomers (POE) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Polyolefin Elastomers (POE) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Polyolefin Elastomers (POE) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Polyolefin elastomers (POE) are elastomers based on a polyethylene backbone. POEs offer low density and high flexibility and are commonly used to impact modify PE and PP compounds or to make PE and PP molded products more flexible. They can be used in injection molding, extrusion, film and compounding.
Market Drivers & Growth Opportunities
Polyolefin Elastomers (POE) downstream can be used in the field of photovoltaic films. Benefiting from the increase in new installed capacity of photovoltaics in the world, the demand for photovoltaic film has increased significantly. POE film has a good application prospect in double-glass modules of double-sided power generation cells, and the proportion of photovoltaic film material Polyolefin Elastomers (POE) continues to increase.
Polyolefin Elastomers (POE) materials are suitable for photovoltaic films. POE resin can be uniformly mixed with various modifiers to form a mixture, which is extruded into a molten adhesive film by casting, and then undergoes a series of commercial processing to form a POE adhesive film, which is subsequently applied to the packaging of components. POE materials are recognized as one of the mainstream materials for photovoltaic films due to their good weather resistance, UV aging resistance, and excellent heat resistance and low temperature resistance.
Photovoltaic film is an important photovoltaic auxiliary material, and the market is mainly based on ethyl vinyl acetate (EVA) and Polyolefin Elastomers (POE) film. Photovoltaic film is mainly used in the encapsulation of photovoltaic modules. The loss of photovoltaic film will directly affect the power generation of the module, and it is the key material of photovoltaic modules. Compared with the continuous technological changes in the main photovoltaic industry chain, the technical route of photovoltaic film is relatively stable, mainly including transparent EVA film, white EVA film, POE film (including multi-layer co-extruded POE film) three categories.
The photovoltaic industry maintains a high degree of prosperity, and the future growth is clear. At this stage, the prosperity of the global photovoltaic industry continues to improve, and the global photovoltaic installed capacity is growing rapidly. In the medium and long term, the global "carbon neutrality" policy is gradually being introduced, and the photovoltaic industry driven by the policy is expected to maintain rapid growth. At the same time, the cost of photovoltaic power generation in many parts of the world is already lower than that of traditional energy sources. Driven by the improvement of conversion efficiency, there is still ample room for cost reduction, and the era of global photovoltaic comprehensive parity is coming.
The rapid growth of the photovoltaic industry will inevitably bring huge demand for the middle and downstream components of the industry chain. Double-glass modules need to be equipped with POE film, and the market share of POE film is expected to continue to increase in the future. Therefore, it is expected to drive the development of the Polyolefin Elastomers (POE) industry.
Region Overview:
From 2022-2027, Asia-Pacific is estimated to witness robust growth prospects.
Company Overview:
Dow, ExxonMobil Chemical, LG Chemical, SABIC SK Nexlene Company (SSNC) and Mitsui Chemical are the five key players in the global Polyolefin Elastomers (POE) market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Polyolefin Elastomers (POE) market in the past 5 years.
Dow Inc. produces and distributes chemical products. The Company manufactures and supplies chemicals for liquid injection molding, architecture fabrication, leather, textiles, automobiles, rubber consumer goods, and food industries.
ExxonMobil Chemical Company is one of the largest worldwide petrochemical companies. The company manufactures and markets olefins, aromatics, fluids, synthetic rubber, polyethylene, polypropylene, oriented polypropylene packaging films, plasticizers, synthetic lubricant basestocks, additives for fuels and lubricants, zeolite catalysts and other petrochemical products.
Segmentation Overview:
Among different product types, Injection Grade POE segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Automotive Parts segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Polyolefin Elastomers (POE) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Polyolefin Elastomers (POE). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Polyolefin Elastomers (POE) Market Report Include:
Market Size Estimates: Polyolefin Elastomers (POE) market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Polyolefin Elastomers (POE) market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Polyolefin Elastomers (POE) market
Segment Market Analysis: Polyolefin Elastomers (POE) market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Polyolefin Elastomers (POE) market situations and prospects in major and top regions and countries
Polyolefin Elastomers (POE) Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Polyolefin Elastomers (POE) Industry Chain: Polyolefin Elastomers (POE) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Polyolefin Elastomers (POE) Industry News, Policies by regions
Polyolefin Elastomers (POE) Industry Porters Five Forces Analysis
Key players in the global Polyolefin Elastomers (POE) market are covered in Chapter 2:
Dow
LG Chemical
Borealis
ExxonMobil Chemical
Mitsui Chemical
SABIC SK Nexlene Company (SSNC)
In Chapter 6 and Chapter 9, on the basis of types, the Polyolefin Elastomers (POE) market from 2018 to 2028 is primarily split into:
Injection Grade
General Grade
Extrusion Grade
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Polyolefin Elastomers (POE) market from 2018 to 2028 covers:
Automotive Parts
Consumer Products
Wire & Cable
Foams & Footwears
Packaging Industry
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Polyolefin Elastomers (POE) market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Polyolefin Elastomers (POE) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Polyolefin Elastomers (POE) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Polyolefin Elastomers (POE) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Polyolefin Elastomers (POE) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Polyolefin Elastomers (POE) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Polyolefin Elastomers (POE) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
