Pacific Polyolefin Elastomers Market

The Asia Pacific Polyolefin Elastomers (POE) market size was valued at US$ 2.14 billion in 2024 and is projected to reach US$ 2.98 billion by 2030, at a CAGR of 5.7% during the forecast period 2024-2030.

Polyolefin Elastomers (POE) are synthetic polymers that combine the flexibility of elastomers with the processability of polyolefins, used in various applications including automotive parts, flexible packaging, and consumer goods.

The Asia Pacific POE market is growing robustly, driven by demand for lightweight materials in automotive manufacturing and flexible packaging solutions. China accounts for 45% of the market, followed by Japan at 25% and South Korea at 15%. In 2023, the automotive industry consumed 40% of total production, with packaging at 30% and consumer goods at 20%. The market experienced a 10% growth in demand for POE in thermoplastic vulcanizates for automotive weather sealing. Key players include Mitsui Chemicals (Japan) and LG Chem (South Korea), holding a combined 50% market share in the region. The industry is investing in bio-based POE development, with a 15% increase in R&D spending on sustainable feedstocks in 2023. Challenges include competition from traditional elastomers and price volatility of petrochemical feedstocks, leading to an 8% focus on improving product performance and cost-effectiveness. The trend towards electric vehicles has driven a 12% increase in POE use for battery components and lightweight interior parts. The market is benefiting from the growth of the flexible packaging industry, with a 18% rise in POE demand for food packaging applications.

Report Includes

Pacific Polyolefin Elastomers Market is an essential reference for who looks for detailed information on Asia Pacific Polyolefin Elastomers (POE) . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Polyolefin Elastomers (POE) , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific Polyolefin Elastomers Market aims to provide a comprehensive presentation of the Asia Pacific Polyolefin Elastomers (POE) , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Polyolefin Elastomers (POE) . Pacific Polyolefin Elastomers Market contains market size and forecasts of Polyolefin Elastomers (POE) in Asia Pacific, including the following market information:

We surveyed the Polyolefin Elastomers (POE) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•    China

•    India

•    Japan

•    South Korea

•    Australia

•    Thailand

•    Indonesia

by Products type:

•    Injection Grade POE

•    General Grade POE

•    Extrusion Grade POE

•    Others

by Application:

•    Automotive Parts

•    Consumer Products

•    Wire & Cable

•    Foams & Footwears

•    Packaging Industry

•    Others

key players include: (At least 8-10 companies included)

•    Sinopec

•    LG Chem

•    Mitsui Chemicals

•    SABIC

•    Kumho Petrochemical

•    ExxonMobil

•    Sumitomo Chemical

•    LyondellBasell

•    TSRC Corporation

•    Lotte Chemical

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Polyolefin Elastomers (POE) revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)

•    Key companies Polyolefin Elastomers (POE) revenues share in Asia Pacific market, 2023 (%)

•    Key companies Polyolefin Elastomers (POE) sales in Asia Pacific market, 2019-2024 (Estimated),

•    Key companies Polyolefin Elastomers (POE) sales share in Asia Pacific market, 2023 (%)

Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Asia Pacific and country-wise market of Polyolefin Elastomers (POE)

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing Polyolefin Elastomers (POE) capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on Polyolefin Elastomers (POE) manufacturers

•    Polyolefin Elastomers (POE) forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.