Polyolefin Plastomer Market Demand will reach to 778,000 metric ton in 2024
Polyolefin Plastomer (POP) is a kind of high-performance thermoplastic elastomer. It is also the ethylene copolymer with another alpha-olefin such as butylene (C4), hexane (C6) or octene (C8) by using metallocene catalyst. POP is similar with Polyolefin Elastomer (POE), but POP has more ethylene content than POE, so the density of POP (0.886 – 0.910 g/cm3) is high than POE (0.857 – 0.885 g/cm3). The most important application of POP is flexible package.
This report cover the industrial chain of Polyolefin Plastomer (POP). Following are the industrial chain structure:
Source: HDIN Research
There are also only six commercial POP producers around the world: 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 Plastomer (POP) market volume was estimated at 633,000 metric ton (mt) in 2018 and is forecasted to reach 778,000 mt in 2024, with a CAGR of 3.5%.
Source: HDIN Research