Polyolefin Elastomer Market Demand will reach to 1 million metric ton in 2024
Polyolefin Elastomer (POE) is a kind of high-performance thermoplastic elastomer. POE is ethylene copolymer with another alpha-olefin such as butylene (C4), hexane (C6) or octene (C8) by using metallocene catalyst. The most commonly mPE (Metallocene Polyethylene) are metallocene linear low density polyethylene (mLLDPE), POE, Polyolefin Plastomer (POP) and metallocene medium-density polyethylene (mMDPE). The melt index range of all the mPE products are between 0.5 ~ 30 g/10 min. But POE have the lowest density (0.857 – 0.885 g/cm3). POE also has good elasticity, low temperature ductility, thermal stability, UV resistance and compatible to polypropylene.
This report cover the industrial chain of Polyolefin Elastomer (POE). Following are the industrial chain structure:
Source: HDIN Research
There are only six commercial producers around worldwide: Dow Chemical, ExxonMobil, Mitsui Chemicals, LG Chem, Borealis, SABIC SK Nexlene Company (SSNC). Dow Chemical have three plants located at U.S., Spain and Thailand. ExxonMobil’s plant locates at Singapore. Mitsui Chemicals have two plants located at Japan and Singapore. Both of LG Chem and SSNC only have one plant located at South Korea, but SSNC had reported their Singapore plant plan. The location of Borealis’ plant is Netherlands.
Global Polyolefin Elastomer (POE) market volume was estimated at 861,000 metric ton (mt) in 2018 and is forecasted to reach 1,016,000 mt in 2024, with a CAGR of 2.8%.
Source: HDIN Research