Polyolefin Plastomer Prices December 2023
Product
|
Category |
Region |
Price |
Polyolefin Plastomer |
Elastomer |
USA |
2120 USD/MT (Polyol MW 3000, μ 400-650) |
Polyolefin Plastomer |
Elastomer |
Japan |
1274 USD/MT (Polyol MW 3000) |
Polyolefin Plastomer |
Elastomer |
Belgium |
1890 USD/MT (Polyol MW 3000, μ 400-650) |
The price of polyolefin plastomer in the United States for Q4 2023 reached 2120 USD/MT (Polyol MW 3000, μ 400-650) in December. The demand for POP in the United States was influenced by the performance of the automotive industry. Despite a drop in light vehicle sales in October due to strikes at major automakers, the market rebounded in November with improved vehicle availability and increased sales. This contributed to the overall demand for POP in the US market.
The price of polyolefin plastomer in Japan for Q4 2023 reached 1274 USD/MT (Polyol MW 3000) in December. The market in Japan was influenced by several factors including the growth in the automotive sector and sluggish performance of the construction industry.
The price of polyolefin plastomer in Belgium for Q4 2023 reached 1890 USD/MT (Polyol MW 3000, μ 400-650) in December. The market in Belgium witnessed a challenging period. The European construction industry faced uncertainties, with reduced demand for new buildings due to the rising interest rates and expensive materials.
Polyolefin Plastomer Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Polyolefin Plastomer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyolefin plastomer 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 plastomer at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyolefin plastomer price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing polyolefin plastomer 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.
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Polyolefin Plastomer Market Analysis
The global polyolefin plastomer market size reached US$ 3.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 7.9 Billion, at a projected CAGR of 8.70% during 2023-2032.
- The demand for POP is increasing in various applications including packaging, automotive parts, and consumer products due to its exceptional blend of flexibility, clarity, and toughness, which represents one of the key factors influencing the growth of the market across the globe. For instance, ExxonMobil Chemical announced plans to become the owner of Advanced Elastomer System (AES) by acquiring Solutia Inc.s 50 percent interest in AES. ExxonMobil Chemical and Solutia have signed a binding contract for this acquisition subject to government reviews.
- The extensive use of POPs in the packaging sector, especially for food and medical products is contributing to the growth of the market. This is primarily attributed to the excellent seal strength and barrier properties of POP which is driving the market growth.
- POP helps in extending product shelf life and maintaining product integrity which is crucial for consumer safety and satisfaction, thereby driving its demand among consumers. For instance, in August 2022, SABIC, a global leader in the chemicals industry, announced that its SABIC SK Nexlene Company (SSNC) joint venture with SK Geo Centric (formerly SK Global Chemical) in South Korea will expand the capacity of their plant in Ulsan for production of advanced material solutions using NEXLENE technology. The plant, operated by Korea Nexlene Company (KNC), supports the production of SABIC’s broad portfolio of COHERE metallocene polyolefin pastomers (POP), SUPEER metallocene linear low-density polyethylenes (mLLDPE) and FORTIFY polyolefin elastomers (POE).
- Significant technological advancements in polymer processing and the development of new material blends enhance the attributes of POPs, which makes them more appealing for specialized applications, thus facilitating the growth of the market.
- Innovations aimed at improving the material’s performance under extreme conditions are further creating a positive outlook for the market. For instance, in May 2023, Borealis introduced the Bornewables line of Queo, a range of plastomers and elastomers based on renewable feedstock. The introduction follows the International Sustainability and Carbon Certification (ISCC PLUS) of Borealis’ production site for the Queo portfolio, in Geleen, the Netherlands.
Polyolefin Plastomer News
The report covers the latest developments, updates, and trends impacting the global polyolefin plastomer 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 plastomer production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyolefin plastomer price trend.
Latest developments in the polyolefin plastomer industry:
- In August 2022, Mitsui Chemicals, Inc. announced plans to bolster capacity at its Singapore-based wholly-owned subsidiary MITSUI ELASTOMERS SINGAPORE PTE LTD by building a new plant to produce the high-performance elastomer TAFMER.
- In March 2024, Dow formulated A breakthrough option of polyolefin elastomers-based artificial leather a solution to address the automotive industry's need to shift towards increasingly animal-free product alternatives to leather.
Product Description
Polyolefin plastomer or POP refers to a type of plastic polymer that belongs to the polyethylene family.
POP is produced through a unique polymerization process that combines the properties of both elastomers and plastomers, resulting in a material that exhibits excellent clarity, flexibility, and the ability to withstand impact.
It is particularly valued for its superior sealing performance, which makes it highly effective in packaging applications where strong, durable scenes are required.
POPs are extensively employed in the packaging industry for food products medical supplies, and consumer goods due to their low density and high performance in sealability and toughness.
They are often used in blends with other polyolefins to improve the medical properties of the final product, including in the automotive and construction industries for durable and lightweight components.
POP also offers enhanced performance characteristics over conventional polyethylene products such as better stretchability and puncture resistance.
Regional Coverage
The report provides a detailed analysis of the polyolefin plastomer 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 plastomer price trend.
Global Polyolefin Plastomer Price
The report offers a holistic view of the global polyolefin plastomer pricing trends in the form of polyolefin plastomer 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 current price of polyolefin plastomer but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into 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 plastomer 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 Plastomer Price
During the fourth quarter of 2023, the polyolefin plastomer (POP) market in the European region experienced a challenging period. The market was impacted by several factors that influenced the pricing and demand for POP. In this quarter, the German automotive industry a major consumer of pop, witnessed a decline in new car registration, leading to subdued demand for POP in Germany. Moreover, the European construction industry faced uncertainties, with reduced demand for new buildings due to rising interest rates and expensive materials. This further contributed to the weekend demand for POP in the region.
This analysis can be extended to include detailed polyolefin plastomer price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Polyolefin Plastomer Price
During the fourth quarter of 2023, the polyolefin plastomer (POP) market witnessed stability with moderate supply and demand levels. The availability of inventory was sufficient, and industries operated with moderate supply rates. However, there were no reported plant shutdowns during this period. Moreover, in terms of pricing, there was a slight decrease from the previous quarter. The automotive industry played a significant role in driving the demand in the regional market, especially in the US.
Specific polyolefin plastomer historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Polyolefin Plastomer Price
The report explores the polyolefin plastomer 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 plastomer prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Polyolefin Plastomer Price
During the fourth quarter of 2023, the polyolefin plastomer (POP) market witnessed a strong demand for POP. The introduction of tax breaks for new energy vehicle purchases further stimulated the market. However, the overall demand for POP was moderated by the sluggish performance of the construction industry. Furthermore, the price of POP in China showed a decrease in the second half of the quarter compared to the first half. This can be attributed to the seasonal market trend, with the growth in the downstream automotive industry remaining flat.
This polyolefin plastomer price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Polyolefin Plastomer Price
The analysis of polyolefin plastomer 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.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Polyolefin Plastomer |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Polyolefin Plastomer Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of polyolefin plastomer 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 plastomer 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 plastomer price charts ensure our clients remain at the forefront of the industry.