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Plastomer (Polyolefin Plastomer) - Market Outlook | Recent Trends and Growth Forecast 2020-2025

New research report on Plastomer (Polyolefin Plastomer) market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Plastomer (Polyolefin Plastomer) market also includes an in-depth study of the industry's competitive scenario.

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.

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

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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.

Plastomer (Polyolefin Plastomer) - Market Outlook | Recent Trends and Growth Forecast 2020-2025
Plastomer (Polyolefin Plastomer) - Market Outlook | Recent Trends and Growth Forecast 2020-2025

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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.

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.

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.

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

o Ethylene propylene

Adhesives

Compounding foams

Food packaging

Non-food packaging

Wire & Cables

Automotive

Others

o Ethylene butene

Adhesives

Compounding foams

Food packaging

Non-food packaging

Wire & Cables

Automotive

Others

o Ethylene hexene

Adhesives

Compounding foams

Food packaging

Non-food packaging

Wire & Cables

Automotive

Others

o Ethylene octene

Adhesives

Compounding foams

Food packaging

Non-food packaging

Wire & Cables

Automotive

Others

Plastomer market by application

o Adhesives

o Compounding foams

o Food packaging

o Non-food packaging

o Wire & Cables

o Automotive

o Others

Major Highlights from Table of contents are listed below for quick lookup into Plastomer (Polyolefin Plastomer) Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Plastomer (Polyolefin Plastomer) Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Plastomer (Polyolefin Plastomer) Market Statistical model and forecast
  • Industry insights and validation
  • Plastomer (Polyolefin Plastomer) Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Plastomer (Polyolefin Plastomer) industry 360º synopsis - 2025
  • Plastomer (Polyolefin Plastomer) Business trends
  • Region trends

Chapter 5. Plastomer (Polyolefin Plastomer) industry Insights

  • Plastomer (Polyolefin Plastomer) Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Plastomer (Polyolefin Plastomer) Market Growth potential analysis

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