Polyolefin Elastomer (POE) Producers and POE Market Trend

Polyolefin elastomer (POE), a random copolymer elastomer of ethylene and high-carbon alpha-olefins (1-butene, 1-hexene, 1-octene, etc.). POE is usually referred to as ethylene-octene copolymer elastomer with a mass fraction of octene greater than 20%. POE has excellent physical and mechanical properties (high elasticity, high strength, high elongation) and good low temperature properties, but also has excellent heat aging and UV resistance.

The global POE market size is 0.8 billion USD in 2017, growing to 1.8 billion USD in 2022, with a CAGR of 17.6% from 2017 to 2022. The global POE market size is expected to reach USD 2.7 billion in 2027, with a CAGR of 8.4% from 2022 to 2027.

Figure 2017-2027 Global POE Market Size (Billion USD) and CAGR 
POE production technology barriers are high, the global market is mainly occupied by DOW, Exxon Mobil, Mitsui Chemicals, LG Chem, SABIC SK Nexlene Company (SSNC), and Borealis. Asia Pacific is the largest market in the world, with a 35.5% market share, followed by North America and Europe, with 27.2% and 16.1% respectively.
POE is mainly used in TPO terminals (50%), polymer modification (30%), electric wire and cable (10%).