Plastomers or polyolefin plastomers (POP) are a class of high-performance polymers. The uniqueness of this plastic lies in their toughness, clarity, and excellent sealability, which is a result of their molecular build up. They are low-density with narrow composition distribution and narrow molecular weight distribution.
Market Analysis and Insights: Global Plastomers Market
Due to the COVID-19 pandemic, the global Plastomers market size is estimated to be worth US$ 5434.8 million in 2022 and is forecast to a readjusted size of US$ 7425.8 million by 2028 with a CAGR of 5.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Ethylene-alpha Olefin Copolymer accounting for % of the Plastomers global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Packaging segment is altered to an % CAGR throughout this forecast period.
The U.S. and Europe are the largest markets of packaged food. Growth in the packaged food industry depends on growth of population. The slow growth in population along with rise in importance of organic food products is affecting the market growth. Films manufactured for food packaging applications account for a major consumption of plastomers. Therefore, decrease in demand from the packaging industry of the U.S. and Europe restricts the growth of the global plastomer market.
Global Plastomers Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Plastomers Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Ethylene-alpha Olefin Copolymer
Others
Segment by Application
Packaging
Film Stretch & Shrink
Automotive
Wires & Cables
Polymer Modification
Medical
Others
By Company
Borealis
DowDuPont
Exxon Mobil
Mitsui Chemicals
Sumitomo Chemicals
SABIC
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina