Plastomer (Polyolefin Plastomer) Market Size By Product (Ethylene Propylene, Ethylene Butene, Ethylene Hexene, Ethylene Octene), By Applications (Adhesives, Compounding Foams, Food Packaging, Non-Food Packaging, Wire & Cables, Automotive), Industry Analys

Plastomer (Polyolefin Plastomer) Market Size By Product (Ethylene Propylene, Ethylene Butene, Ethylene Hexene, Ethylene Octene), By Applications (Adhesives, Compounding Foams, Food Packaging, Non-Food Packaging, Wire & Cables, Automotive), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Belgium, Netherlands, China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Singapore, Thailand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Kuwait, Qatar), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019-2025

Plastomer (Polyolefin Plastomer) Market is poised to surpass USD 3.1 billion; according to a new research report.

Recent research and development activities by the main automotive companies in the market are expected to drive demand for its interiors, thereby likely to positively impact plastomer market in the coming years. The major automotive manufacturer delivered substantial growth rate in the recent years mainly due to growing middle class population along with rising socio-economic factors in Asia Pacific. For instance, Asia Pacific new vehicles sale grew by 3.8% to 43.8 million units in 2017. Moreover, the regional sales is forecast to grow at 3.3% to 45.2 million units in 2018. This is due to strong domestic consumption and increased investment and exports. Plastomer are widely applicable for automotive interior applications such as seat belts which are made of polyester or nylon. Polyester is composed of petrochemical para xylene and ethylene (olefin). They exhibit properties such as easy processability, flexibility, durability, etc. and thus makes it highly compatible for designing automotive interiors. The aforementioned trends will in turn boost product demand and therefore will make significant impact on the plastomer market by 2025.

Bioplastic packaging penetration in the market is likely to hinder the overall plastomer market by 2025. Also, instable crude oil/raw material price trends is expected to create hindrance in the growth of plastomer market in the forthcoming years. However, some of the product manufacturer have already established long term supply agreements for crude oil and hydrocarbons to meet the rising product demand from various end-user sector such as healthcare, construction, packaging, automotive, etc. which will help generate positive gains for the plastomer market in the near future.

Ethylene hexene plastomer market is predicted to display growth close to 6% in the near future. Ethylene hexene showcase higher tensile strength and elongation at break than other polymer with similar comonomer content. These properties makes it highly preferable for its use in automotive parts, packaging films, cables, etc. Packaging films designed using ethylene hexene plastomer exhibit superior properties including durability, high impact resistance, etc. which will help make noteworthy contribution to plastomer market by 2025.

Plastomer market for non-food packaging constituted approximately USD 500 million in 2018. Plastomer is widely applicable in processing packaging materials such as films for medical/healthcare, personal care, electrical components, etc. Changing manufacturing trends and technological innovation has contributed significantly to the pharmaceutical industry. For instance, worldwide prescription drug sales are projected to grow at a CAGR of 6.5% in the forecast time period. The growth in pharmaceutical industry will further boost plastomer demand for packaging material, which will result in driving the plastomer market in the forthcoming years.

Europe plastomer market contributed approximately USD 400 million in 2018. This is credited to robust plastomer demand from personal care and pharmaceutical industry in the region. According to Cosmetics Europe: Personal Care Association, all the companies in the cosmetic industry spend 5% of their annual turnover on R&D and thus totaled USD 2.35 billion in 2017. This is to promote consistent innovation and development, which in turn will drive the packaging material demand and subsequently plastomer demand, resulting in driving the overall plastomer market in the forecast timeframe.

Few of the plastomer manufacturer present in the market are Dow Chemical, Exxon Mobil, Royal Dutch Shell, Borealis, Chevron Phillips, Lyondellbasell, Westlake Chemical Corporation and SABIC. Some of these industry players are engaged in forming joint ventures to attain significant market share for plastomers. For instance, Chevron Phillips Chemical Company and Sea-Land Chemical Company, a leading specialty chemical distributor, have expanded their collaboration to include the AlphaPlus brand of normal alpha olefins. Sea-Land Chemical Company will strategically target distribution to customers requiring small volume and drum quantities. The distribution agreement between the two companies will cover the U.S. and Canadian territories.

Plastomer market research report include in-depth coverage of the industry, with estimates & forecasts in terms of volume in kilo tons and revenue in USD million from 2014 to 2025, for the following segments:

Plastomer market, product by application

Ethylene propylene

Adhesives

Compounding foams

Food packaging

Non-food packaging

Wire & Cables

Automotive

Others

Ethylene butene

Adhesives

Compounding foams

Food packaging

Non-food packaging

Wire & Cables

Automotive

Others

Ethylene hexene

Adhesives

Compounding foams

Food packaging

Non-food packaging

Wire & Cables

Automotive

Others

Ethylene octene

Adhesives

Compounding foams

Food packaging

Non-food packaging

Wire & Cables

Automotive

Others

Plastomer market by application

Adhesives

Compounding foams

Food packaging

Non-food packaging

Wire & Cables

Automotive

Others

The above information is provided on a regional and country basis for the following:

North America

U.S.
Canada

Europe

Germany
UK
France
Spain
Italy
Russia
Belgium
Netherland

Asia Pacific

China
India
Japan
Australia
South Korea
Indonesia
Malaysia
Singapore
Thailand

Latin America

Brazil
Mexico
Argentina

Middle East & Africa

South Africa
Saudi Arabia
UAE
Kuwait
Qatar