Plastomers Market Size, Share and Industry Analysis Report By Product (Ethylene Propylene, Ethylene Butene, Ethylene Hexene, Ethylene Octene), By Applications (Adhesives, Compounding Foams, Food Packaging, Non-Food Packaging, Wire & Cables, Automotive), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019-2025

Plastomers Market Size

Plastomers Market size was over USD 2 billion in 2018 and will witness a CAGR of more than 6% between 2019 and 2025. Rising product demand from food packaging industry is majorly attributed to the growing population in Asia Pacific will make significant contribution to the industry in the forecast time period.
 

For instance, food & beverage industry in India is expected to reach USD 1.14 trillion by 2025, which will have a positive impact on the product demand in the forecast timeframe. Additionally, rapidly evolving packaging regulations and increasing package food demand in the region are linked to strong R&D investment, which has led to development of new innovative materials for packaging. In the food packaging industry, product is widely applicable owing to combination of excellent properties such as flexibility, strength, light weight, stability, chemical resistance and recyclability & reuse.
 

To understand key trends  
Download Free Sample
 

Product is broadly used in non-food packaging industry such as films for applications across medical/healthcare, personal care, electrical component, etc. Thus, strong growth indicators in these above-mentioned end-user industries will complement the polyolefin plastomers market by 2025. However, fluctuating crude oil prices which is the major raw material in the value chain is probable to hamper the overall plastomer market share. Furthermore, implementation of stringent environment protection norms along with penetration of bioplastic packaging films is likely to be a major concern for the market growth in the forecast spell.
 

Plastomers Market Analysis

Based on product, ethylene propylene segment is anticipated to witness gains at close to 5% in the forecast time period. Ethylene propylene possess combination of excellent chemical and physical properties such as heat sealability, processability, softness, clarity, and compatibility in blends for films, sheets and molded products and growing packaging, automotive and construction industry will make notable impact on the overall plastomers market share in the coming years.
 

For instance, the overall flexible packaging market size in the U.S. was over USD 30 billion in 2018 and likely to exhibit growth at over 5% by 2025. Such inclination in the packaging industry shall subsequently fuel the overall plastomers market growth, as more than 60% of the application base is occupied by food & non-food packaging applications.
 

To understand key market trends  
Download Free Sample
 

Food packaging application is likely to grow at a CAGR of close to 6.5% in the coming years. They are widely applicable as a sealing polymer in food packaging industry, which is mainly attributed to its low density nature and the fact that there is a difference in its sealing and melting behavior. Additionally, product possess extraordinary properties such as flexibility, strength and excellent chemical resistance to protect food products from contamination and spoilage, which makes it highly desirable across food packaging industry.
 

Changing consumer food habits, lifestyle changes, global travel, and the ongoing trend of healthy foods are offering new opportunities to the food industry. The above-mentioned trends mainly in emerging economies such as Asia Pacific and the Middle East will boost the product demand, which will have a positive influence on the overall plastomers market value in the projected timeframe.
 

To understand key market trends  
Download Free Sample
 

Asia Pacific led the overall plastomer market share with over 35% of the global volume in 2018 driven by the rapidly growing food & beverage, pharmaceutical and personal care industry, which positively influences the packaging industry. For instance, improved per capita spending, purchasing parity and socio-economic dynamics ultimately propels package food and personal care product demand. These trends suggest a food and non-food packaging industry, which will help attain promising gains for the plastomers market in the near future.
 

Key players in the segment are developing new and modified packaging materials to attract consumers likely to make a notable impact on the market growth in the coming years. Moreover, rising aging population and growing middle class population in the region will boost the product demand for medical/healthcare industry and thereby its packaging material such as film, sheet, etc. which in turn will help attain a positive outlook for the plastomers market share in the forecast timeframe.
 

Plastomers Market Share

Plastomer industry is competitive due to presence of few large-scale and small scale manufacturers. Prominent market share contributors are:

• Dow Chemical Company
• Borealis
• ExxonMobil
• Royal Dutch Shell
• Chevron Phillips Chemical Company
• Saudi Basic Industries Corporation (SABIC)
• LyondellBasell 
• Westlake Chemical Corporation.

Most of these companies are making substantial investment to expand its production capacity to meet the consistently rising product demand and gain edge over its competitors. For instance, Borealis announced to ramp up the polyolefin capacity in 2016, in combination with Borouge to 8 million tons.
 

Industry Background

Plastomer is a polymer material which has the qualities of both the elastomers and plastics. They are a broad category of olefins which are mainly composed of ethylene propylene, ethylene butene, ethylene hexene, ethylene octene. They have wide ranging application in the form of compounding foams, food packaging, non-food packaging, adhesives, wire & cables, automotive, etc. Improving socio-economic dynamics in Asia Pacific, Latin America and the Middle East will trigger the product demand from food packaging industry, which will have a positive outlook for the plastomer industry by 2025. Additionally, increase in the public expenditure on healthcare/medical industry which will help attain positive gains to the overall market in the near future.
 

Plastomers market 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:

Click here to Buy Section of this Report

By Product

• Ethylene propylene
• Ethylene butene
• Ethylene hexene
• Ethylene octene

By Application

• Adhesives
• Compounding foams
• Food packaging
• Non-food packaging
• Wire & Cables
• Automotive
• Others

The above information is provided on a regional and country basis for the following:

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
  • Belgium
  • Netherland
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Indonesia
  • Malaysia
  • Singapore
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar