Polyolefin Elastomer (POE) Prices

Polyolefin Elastomer (POE) Prices December 2023

The polyolefin elastomer prices in the United States for the last quarter of the financial year 2023 reached 3215 USD/MT in December. Its prices in the USA dropped in Q4 2023, largely due to the automotive sector's downturn caused by United Automobile Workers (UAW) strikes. Additionally, winter's high costs of energy pushed production expenses, further depressing prices.

The price trend for polyolefin elastomers in China for Q4 2023 reached 2680 USD/MT in December. The market saw significant price drops, driven by a strong bearish trend and substantial inventory clearances by manufacturers, reflecting a broader regional decline.

The price trend for polyolefin elastomers in Germany for Q4 2023 reached 2840 USD/MT in December. The German market faced a price decline due to reduced demand in the construction sector and economic slowdowns, with hopes for recovery during the festive period.

Polyolefin Elastomer (POE) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Polyolefin Elastomer (POE) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyolefin elastomer (POE) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of polyolefin elastomer (POE) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyolefin elastomer (POE) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing polyolefin elastomer (POE) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Polyolefin Elastomer (POE) Market Analysis

The global polyolefin elastomer (POE) market size reached US$ 1.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.8 Billion, at a projected CAGR of 7.70% during 2023-2032.

• The growing innovation in material science and polymer building techniques is significantly enhancing the properties of polyolefin elastomer which increases its versatility and efficiency across various industries and diverse applications. For instance, Dow Chemicals has unveiled a new polyolefin elastomer-based leather alternative for the automotive industry which is animal-free and provides several benefits like good aging, low-temperature resistance, and elimination of hazardous chemicals. This polyolefin elastomer alternative leather is 25 to 40% lighter than Polyvinyl chloride leather because of its lower density and also offers ultra-soft tactility and better color stability. These innovations in polyolefin elastomer are driving its market growth.
• Polyolefin elastomer is an increasingly sought-after elastomer in the sports industry due to its outstanding properties like lightness and durability which are essential for high-performance sports gear. For instance, in sports footwear major brands like Nike and Puma use polyolefin elastomer to create flexible sturdy soles that enhance athletic performance and comfort. Similarly in sports equipment, polyolefin elastomer is used in the production of golf ball cores and grips for rackets providing improved shock absorption and grip stability. These applications benefit athletes by offering enhanced functionality and longevity in their equipment which aligns with the rising consumer demand for premium long-lasting products.
• The automotive industry's growth, particularly in electric and hybrid vehicles, has led to increased demand for polyolefin elastomers. It is a material known for its excellent heat resistance, flexibility, and durability, making it ideal for manufacturing interior and exterior parts such as dashboards and bumpers. According to a report published by the Society of Indian Automobile Manufacturers, in FY-2022-23, total passenger vehicle sales increased from 30,69,523 to 38,90,114 units. Sales of passenger cars increased from 14,67,039 to 17,47,376, utility vehicles from 14,89,219 to 20,03,718, and vans from 1,13,265 to 1,39,020 units. Commercial vehicle sales also increased from 7,16,566 to 9,62,468 units, with medium and heavy commercial vehicles increasing from 2,40,577 to 3,59,003 units and light commercial vehicles increasing from 4,75,989 to 6,03,465 units. These sales figures indicate a positive outlook for polyolefin elastomers in the automotive sector.

Polyolefin Elastomer (POE) News

The report covers the latest developments, updates, and trends impacting the global polyolefin elastomer (POE) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyolefin elastomer (POE) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyolefin elastomer (POE) price trend.

Latest developments in the polyolefin elastomer (POE) industry:

• In 2023, Mitsui Chemicals announced the construction new Tafmer plant in Singapore with an output of 120,000 tonnes/year. The expansion, due in 2025, will complement the existing 225,000 tonnes/year capacity and help Mitsui Chemicals better serve new markets like solar module encapsulation film.
• In 2024, Dow Inc. introduced a polyolefin elastomer-based artificial leather for the automobile industry, addressing the need for animal-free alternatives to traditional leather. The product, commercialized by HIUV Materials Technology, offers advantages like ultra-soft tactility, better color stability, and improved aging and low-temperature resilience.

Product Description

Polyolefin elastomer is a kind of polymer which falls under the category of thermoplastic elastomers. Polyolefin elastomer is generally known for combining the properties of both rubber and plastic. This material is derived from olefin monomers such as ethylene and propylene which makes it distinctively versatile and adaptable to various manufacturing processes. Polyolefin elastomer is highly sought after for its exceptional elasticity, flexibility and ability to return to its original shape after stretching. Poly olefin elastomer is resistant to weathering, UV radiation, and chemicals which makes it an ideal choice for applications that require durable materials. The ease in processing and recyclability of polyolefin elastomer also aligns well with the growing trend towards sustainability and environmental consciousness in material production.

Regional Coverage

The report provides a detailed analysis of the polyolefin elastomers (POE) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyolefin elastomers (POE) price trend.

Global Polyolefin Elastomer (POE) Price

The report offers a holistic view of the global polyolefin elastomers (POE) pricing trends in the form of polyolefin elastomers (POE) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into polyolefin elastomers (POE) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into polyolefin elastomers (POE) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyolefin elastomers (POE) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Polyolefin Elastomer (POE) Price

The European market for POE in Q42023 experienced a subdued environment, with decreased demand in major industries like automobile and construction. In the region, Germany saw the most notable price drop due to reduced construction activity and overall economic slowdown, as mentioned in the Purchasing Manager's Index (PMI) data. Despite a hopeful outlook for improved demand around the holiday season, the market remained cautious. The price decrease in Germany also highlighted the extensive challenges facing the European POE market.

This analysis can be extended to include detailed polyolefin elastomers (POE) price information for a comprehensive list of countries.

North America Polyolefin Elastomer (POE) Price

In the last quarter of 2023, North American POE prices saw a downward trend influenced by multiple elements. The UAW strikes considerably weakened the automobile sector, reducing the demand for POE. Additionally, the introduction of EU guidelines for deforestation led to instability in the synthetic rubber and POE markets. The rise in consumption of energy during the colder months also drove up production expenses, further affecting prices. Market indicators reveal a consistent drop in POE prices during this period, reflective of these combined pressures.

Specific polyolefin elastomers (POE) historical data within the United States and Canada can also be provided.

Middle East and Africa Polyolefin Elastomer (POE) Price

The report explores the polyolefin elastomers (POE) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on polyolefin elastomers (POE) prices for countries can also be provided.

Asia Pacific Polyolefin Elastomer (POE) Price

During Q42023, the Asia Pacific market for POE was marked by falling prices across several countries. The market's bearish sentiment was primarily due to aggressive inventory clearances as producers aimed to lower inventory levels, even at reduced profit margins. As a result, China's POE prices plummeted, mirroring the broader regional trend. Despite robust performance in major sectors like construction and automotive, the market tone remained negative, with declining POE prices as a common feature.

This polyolefin elastomers (POE) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Polyolefin Elastomer (POE) Price

The analysis of polyolefin elastomers (POE) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polyolefin elastomer (POE) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting polyolefin elastomer (POE) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyolefin elastomer (POE) price charts ensure our clients remain at the forefront of the industry.