Global Polyolefin Elastomers (POE) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polyolefin Elastomers (POE) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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 Overview:

The latest research study on the global Polyolefin Elastomers (POE) market finds that the global Polyolefin Elastomers (POE) market reached a value of USD 2731.77 million in 2022. It’s expected that the market will achieve USD 4811.93 million by 2028, exhibiting a CAGR of 9.9% during the forecast period.

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.

Key Companies in the global Polyolefin Elastomers (POE) market covered in Chapter 3:

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

In Chapter 4 and Chapter 14.2, on the basis of types, the Polyolefin Elastomers (POE) market from 2018 to 2029 is primarily split into:

Injection Grade
General Grade
Extrusion Grade
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polyolefin Elastomers (POE) market from 2018 to 2029 covers:

Automotive Parts
Consumer Products
Wire & Cable
Foams & Footwears
Packaging Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)