Polyolefin Elastomers Price Trends, Prices, Database, Chart

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Regional Price Overview

Get the latest insights on price movement and trend analysis of Polyolefin Elastomers in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Polyolefin Elastomer Price Trend for the Q1 of 2024

Asia

The new trade measures proposed by countries like Indonesia and Brazil, coupled with India's protectionist policies, adversely impacted the pricing patterns of polyolefin elastomer during the first quarter of 2024. Additionally, the trajectory of polyolefin elastomer prices was further influenced by Europe's consideration of a carbon border adjustment mechanism and China's efforts in the direction of carbon capture and storage technologies.

Polyolefin Elastomers Price Chart

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The country's transition towards renewable energy sources, particularly solar and wind power, however, raised the quotations of low-carbon polyolefin elastomers among overseas traders. However, challenges such as disruption of production volumes on the onset of the Chinese New Year holiday season and sudden maintenance shutdown of plants lowered the overall dynamics of the polyolefin elastomer market.

Further, the disruptions to global trade, including geopolitical tensions and demographic shifts in maritime trading routes, further hampered the export profit margins of polyolefin elastomers.

Europe

In Q1 of 2024, European automotive sales continued to fluctuate, and so did the pricing pattern of polyolefin elastomers. The demand for polyolefin elastomers from the Chinese import market remained subdued due to sluggishness in the new energy vehicle sector. Despite healthy demand from the US, sluggish sales of petrol and diesel cars in the European countries offset the overall positive momentum, leading to only a marginal incline in the prices of polyolefin elastomers.

The European automotive market witnessed a contraction driven by regulatory changes favoring electric vehicles, impacting polyolefin elastomers' demand negatively. On the other hand, manufacturing activities continued to decline, with shrinking factory orders and declining employment levels. However, the industry outlook of feedstock chemicals remained favorable throughout the quarter, favoring a surge in the prices of polyolefin elastomers.

North America

During the first quarter of 2024, polyolefin elastomer prices registered a marginal increase in the US market. The escalating growth of industrial drivers was observed in the US, particularly influenced by the rise in construction sector demand. In the US, polyolefin elastomers prices slight uptick was also attributed to feedstock market movements, particularly surging ethylene prices and rising crude oil costs impacting monomer and overall production costs.

Despite a sudden decline in January vehicle sales, other economic factors like increased foreign market demand contributed significantly to the price surge in polyolefin elastomer. However, the loss of trading routes and the export extracted profit margin loomed over the traders and manufacturers of polyolefin elastomers, limiting the uptrend in its prices.

Analyst Insight

According to Procurement Resource, the price trend of Polyolefin Elastomer is expected to be driven by the surge in automotive sales figures and the inclining cost of feedstock chemicals.

Polyolefin Elastomer Price Trend for the October - December of 2023

Asia

In Asia, the struggling condition of the automotive and EV sectors projected a negative influence on polyolefin elastomer price trend. The overall trend of the polyolefin elastomer market in China as well as in India remained bearish due to several factors.

The downturn in prices of crude oil, pet coke, and other energy resources, which are responsible for the supply of raw materials required in polyolefin elastomer production, affected the market trend. The concern of traders and manufacturers further escalated when Asian countries failed to maintain the export-import balance, and as a result, the polyolefin elastomer price trend eventually faced southwards.

Europe

Onto a rough start in the fourth quarter of 2023, prices for polyolefin elastomer dropped by a significant margin in Europe. The polyolefin elastomer sector demonstrated endurance only for a short while in the face of a difficult situation in the downstream vehicle market, as the percentage decline in new car registrations during the quarter was a surprise for the traders. The European polyolefin elastomer market was also affected by external variables as much as by regional market conditions. The major indicator of this was a reduction in export activities and loss of crude oil shipments from Russia.

North America

The US market for polyolefin elastomers shared similar concerns as that of European countries as the polyolefin elastomer prices dropped during the end quarter of 2023. Despite declining feedstock, crude oil, and overall production costs, the market found it difficult to register any recovery in Q4. The polyolefin elastomer market experienced a little decline due to the weak demand from major importing countries, which contrasted with the good signs for the automotive sector and is thus attributed to the most significant cause of the downfall of polyolefin price trend.

Analyst Insight

According to Procurement Resource, the price trend of Polyolefin Elastomer are estimated to struggle with the rigid outlook of downstream demand and excessive rise in inflationary pressure.

Polyolefin Elastomers Price Trend for the July-September of 2023

Asia

Polyolefin Elastomers prices were observed to be wavering low throughout the said period of the third quarter of the year 2023. Since the Polyolefin Elastomers are yielded as a result of the polymerization of ethylene copolymers and alpha-olefins, their price trend closely align with each other. So, the fall in prices of these feedstock materials primarily drove the Polyolefin Elastomers market trend for the said time period.

Since the Chinese markets were recovering slowly after the removal of COVID-19 restrictions, the downstream demands for Polyolefin Elastomers finally started rising. But, despite the rise in purchase queries the price graph continued to be downward facing. Other than the feeble upstream cost support from raw materials, all the accumulated supplies of the low-demand periods kept the prices dull and swinging. Overall, mixed market sentiments were observed.

Europe

The European Polyolefin Elastomers market saw healthier supply and demand dynamics compared to its Asian counterpart. The suppliers were already making conscious purchases here owing to the mountainous inflation that skyrocketed after the Russian invasion of Ukraine. Hence, the inventories were at their optimum level, and the regular demands of the given period further supported the moderate market trend. Overall, a largely stable price graph was witnessed for Polyolefin Elastomers during Q3’23.

North America

The Polyolefin Elastomers prices fluctuated for the most part in the American region since the downstream demands remained in the driving role for the entire period. The beginning was rather strong, however, the pace tumbled moving forward. Further, by the end of the quarter an even shortened gap was witnessed between the supply and demand dynamics of the American market. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, the Polyolefin Elastomers prices are expected to continue to waver in the coming months as well. Feedstock prices, availability, and downstream demands will keep a tight influence on the Polyolefin Elastomers market run.

Polyolefin Elastomer Price Trend for the First Half of 2023

Asia

In the first quarter of 2023, the price trend of polyolefin elastomer faced southwards as it was adversely affected by the downfall of the automotive industry and the availability of imports from South Korea and Singapore that, caused the problem of overstocking in the region. However, the second quarter proved to be favourable for the polyolefin elastomer market.

A remarkable incline was observed in the prices as the demand from the automobile industry and related downstream sectors increased. The market was also favoured by the rising domestic and overseas orders and the strong performance of the Asian auto sector. The positive consumption rates further supported the polyolefin elastomer market and ultimately led to the surge in the prices of polyolefin elastomer.

Europe

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The polyolefin elastomer prices declined in the first quarter of 2023 and struggled throughout the second quarter. In the first quarter, the prices were affected by the stumbling market and falling freight charges. The European region also suffered from soaring inflation rates and hikes in interest rates that caused a decline in consumer confidence in the polyolefin elastomer sector.

However, the trend inclined slightly in the first few months of the second quarter due to the increased number of offtakes and ample supply of the product in the region. The strong demand caused the production rates to shoot up, especially in the Spanish market. But towards the end of the second quarter, the prices of raw materials in the European region significantly declined, which adversely affected the polyolefin elastomer prices.

North America

The first quarter recorded a declining trajectory in the price trend of polyolefin elastomer. The major employer of polyolefin elastomer, i.e., the automotive sector struggled to maintain its demand throughout the quarter and with excess availability of the product, the prices of polyolefin elastomer dipped.

In the initial months of the second quarter, the market dynamics improved as it gained support from the improving automotive sector in domestic and overseas regions. In addition to this, limited stocks of the product due to labour shortages and feeble supply also supported the rising prices. However, the trend declined again in the last months with the revival of operational rates and an increased influx of products on the market.

Analyst Insight

According to Procurement Resource, the price of polyolefin elastomer is estimated to oscillate in the upcoming quarter. The automotive sector is struggling to maintain its market dynamics, and the excess number of inventories is estimated to affect polyolefin elastomer prices negatively.

Procurement Resource provides latest prices of Polyolefin Elastomers. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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 prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends 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.

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 shape the industry landscape.

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 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 price trends.

Global Polyolefin Plastomer Price

The report offers a holistic view of the global polyolefin plastomer pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

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 data on polyolefin plastomer prices 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 analysis can be further extended to include detailed polyolefin plastomer prices for 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, 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

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• Total Deliverables Per Year: 4 (One Per Quarter)
• Includes: One PDF and Excel datasheet per Quarter, Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

For more polyolefin compound exporterinformation, please contact us. We will provide professional answers.

• 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, 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 volatility, 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, ensuring they remain at the forefront of the polyolefin plastomer industry.