Polyolefin Plastomers Market Size and Covid-19 Analysis, By Product (Ethylene Propylene, Ethylene Hexane, Ethylene Butene, Ethylene Octene), By Application (Food Packaging, Adhesives, Non-Food Packaging, Compounding Foams, Automotive, Wire and Cables), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) –Forecasting (2021-2030)

Global Polyolefin Plastomers Market was valued at USD XX.XX billion in 2020 and is estimated to reach at a CAGR of xx.xx% over the forecast period. The increasing demand for the product from the packaging industry is mainly attributed to the increasing population in the Asia Pacific regions which is significantly driving the market size over the forecast period. For instance, the food and beverage sector in India is anticipated to reach USD XX.XX billion will provide a positive impact on the demand for the product which will drive the market size during the forecast period.

COVID 19 Impact

With the onset of Covid-19, the market has witnessed mixed effects on the value chain of polyolefin plastomers. Not only this but also some segments have reported a significant hike due to the increase in the demand for medical and packaging applications whereas the demand in some segments reduced due to the drastic hit on the construction as well as the automotive industry. But various countries have taken tremendous initiatives and efforts which have resulted in the gradual recovery of the market.

Global Polyolefin Plastomers Market

DRIVING FACTORS

Strong product demand from the healthcare packaging industry drive the polyolefin plastomers market

The rapidly evolving packaging rules, as well as rising package food demand in this region, are resulting in strong research and development investment which has resulted in the development of new innovative materials for packaging. When it comes to the food packaging sector, the product is widely used owing to the combination of great properties like strength, flexibility, lightweight, chemical resistance, stability as well as recyclability and reuse.

RESTRAINING FACTORS

Fluctuating oil prices to hamper the market

The product is widely used in the non-food packaging industry like films for applications across healthcare/medical, electrical components, personal care, etc. So the strong growth indicators in such segments will boost the market size over the projected timeframe.

However, the fluctuation in the prices of crude oil which is the main raw material in the value chain may decline the market share of the polyolefin plastomers market. Not only this but also the implementation of strict government environmental protection rules with the penetration of bioplastic packaging films is going to affect the polyolefin plastomers market growth during the forecast period.

SEGMENTATION

By Product Analysis

Ethylene propylene market to witness huge growth

Based on the product, the market is segmented into ethylene propylene, ethylene hexane, ethylene butene, ethylene Octene. Among all the above segments, the ethylene-propylene segment is estimated to witness rapid growth in the polyolefin plastomers market over the forecast period.

Ethylene propylene contains a combination of excellent physical as well as chemicals properties like processability, heat sealability, clarity, compatibility, and softness in blends for sheets, films, and molded products.

The above-mentioned natures along with the increasing packaging, construction, and automotive industry will be witnessing a noticeable impact on the overall market size within the projected timeframe.

By Application Analysis

The food packaging segment dominates the market

Based on the application, the polyolefin plastomers market is segmented into food packaging, adhesives, non-food packaging, compounding foams, automotive, wire, and cables. The polyolefin plastomers market size for food packaging is going to witness a significant CAGR in the upcoming years. They are applied as sealing polymers in the food packaging industry owing to their low-density nature as well as the fact that there is a difference in their sealing and melting nature.

Not only this but also the product has extraordinary properties like strength, durability, flexibility, and excellent chemical resistance for protecting the food products from spoilage and contamination which makes it the most desirable thing in the food packaging industry. The lifestyle changes, consumer food habits as well as ongoing trends of healthy foods are providing new opportunities to the food industry.

REGIONAL INSIGHTS

Based on the region, the polyolefin plastomers market is segmented in North America, Europe, Asia Pacific, Middle East and Africa, and South America. The Asia Pacific holds nearly half of the market share owing to the rapid growth in food and beverage, personal care, the pharmaceutical industry which influence positively in the packaging industry.

The increased per capita spending, socio-economic changes and purchasing parity boosts the packaged food as well as personal care product demand. This will result in promising gains for the market size in the near future.

KEY INDUSTRY PLAYERS

Key market players are segment are developing new as well as modified packaging materials for attracting consumers which are going to witness a noticeable impact on the polyolefin plastomers market.

Apart from this the increasing population, as well as middle-class population, in the region will increase the product demand for healthcare sector that will provide a positive outlook for the market in the forecast period.

LIST OF KEY COMPANIES PROFILED:

  • ExxonMobil
  • Chevron Phillips Chemical Company
  • Royal Dutch Shell
  • Dow Chemical Company
  • Westlake Chemical Corporation
  • Saudi Basic Industries Corporation (SABIC)
  • LyondellBasell

KEY INDUSTRY DEVELOPMENTS IN THE POLYOLEFIN PLASTOMERS MARKET:

  • Borealis announced to ramp up the polyolefin capacity in combination with Borouge to 8 million tons.

Market Segmentation:

By Product:

  • Ethylene Propylene
  • Ethylene Hexane
  • Ethylene Butene
  • Ethylene Octene

By Application:

  • Food Packaging
  • Adhesives
  • Non-Food Packaging
  • Compounding Foams
  • Automotive
  • Wire and Cables

By Region:

North America

  • North America, by Country
    • US
    • Canada
    • Mexico
  • North America, by Product
  • North America, by Application

Europe

  • Europe, by Country
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia           
    • Rest of Europe
  • Europe, by Product
  • Europe, by Application

Asia Pacific

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Asia Pacific, by Product
  • Asia Pacific, by Application

Middle East & Africa

  • Middle East & Africa, by Country
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa, by Product
  • Middle East & Africa, by Application

South America

  • South America, by Country
    • Brazil
    • Argentina
    • Rest of South America
  • Rest of South America, by Product
  • Rest of South America, by Application

FAQs

  • In the global polyolefin plastomers market, what are the most important regional markets?
  • What is the polyolefin plastomers market segmentation based on the product?
  • What is the market segmentation dependent on the application?
  • What are the different phases of the global industry's value chain?
  • What are the major drivers and threats in the global market?
  • Who are the main players in the global industry and what is their structure?
  • What level of rivalry does the global industry have?
  • What are the profit margins in the industry?

Objectives of this report:

  • To estimate the market size for the polyolefin plastomers market on a regional and global basis.
  • To identify major segments in the polyolefin plastomers market and evaluate their market shares and demand.
  • To provide a competitive scenario for the polyolefin plastomers market with major developments observed by key companies in the historic years.
  • To evaluate key factors governing the dynamics of polyolefin plastomers market with their potential gravity during the forecast period.

Reasons to Buy This Report:

  • It provides niche insights for a decision about every possible segment helping in the strategic decision-making process.
  • Market size estimation of the polyolefin plastomers market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the polyolefin plastomers market.

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

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