Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker Global Polyolefin Elastomers Market – Insights Polyolefin elastomers (POE) are produced by copolymerization of ethylene and different comonomers including butene, propylenehexane, and octane. It shows properties including low density, toughness, elasticity, low temperature ductility, UV resistance, and thermal stability. Increasing demand from various end-use industries such as medical, electrical, electronics, and automotive is expected to propel growth of global polyolefin elastomer market during the forecast period.Among applications, packaging segment accounted for the largest market share in 2018, in terms of revenue. Polyolefin elastomers (POE) are extensively used in food and non-food packaging. POE has high levels of comonomer, producing soft, flexible, and very low density materials, owing to which it has applications in seals, closures, wads for caps, liners and flexible bags, and pouches especially for the food and beverages packaging. They are also used for case and carton sealing, plastic bags, vacuum bags, and others. Growing disposable income among the populace and growing consumer preference towards packaged goods coupled with growing retail industry, especially in Asia Pacific and Latin America is expected to drive growth of the
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