Polyolefin Elastomer (POE) Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Polyolefin Elastomer (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. It is used in various end-use industries such as medical, electrical, electronics, and automotive. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1574 Rise in applications of polyolefin elastomer in automotive, adhesives, masterbatches, consumer goods, packaging, molded rubber goods, pipes, footwear, hoses, and wire and cable is driving growth of the global polyolefin elastomers market. According to the Coherent Market Insights’ study, global athletic footwear market is projected to register a CAGR of 2.33% in terms of revenue, over the forecast period. This significant growth in footwear market is fuelling growth of polyolefin elastomer market as it finds applications in flexible foams in athletic footwear, sandal, and others, owing to its properties such as resiliency, softness, and light weight. Growing demand from automotive industry is propelling growth of the global polyolefin elastomers market. According to the International Organization for Motor Vehicles Manufacturers (OICA), global motor vehicle production was around 90.78 million in 2015, which increased to 94.98 million in 2016. This rise in vehicle production is increasing demand for the polyolefin elastomer, owing to its applications in manufacturing automotive interior trim and automotive exterior parts such as automotive bumper fascia. Furthermore, polyolefin elastomers are utilized to modify polypropylene and polyethylene compounds or enhance flexibility of polypropylene and polyethylene molded products. According to a Coherent Market Insights’ study, molded plastic market is expected to surpass US$ 217.6 billion by 2025, which in turn is fuelling growth of the polyolefin elastomer market.