Worldwide Market Reports added Latest Research Report titled “Polyolefin Elastomer Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026”
Polyolefin elastomers (POEs) are a new class of polymers that are prepared by the copolymerization of ethylene with different co-monomers such as propylene, butane, hexane, and octene. These elastomers has low density and good elasticity, and are being used in many fields such as electronics, medical, automotive and personal care products. These synthetic polymers can be used as substitution for many generic polymers such as ethylene propylene rubbers, ethylene vinyl acetate, and poly vinyl chloride.
Increasing demand for high performance elastomeric materials from industries is a major factor fueling growth of the market. Furthermore, these elastomers are compatible with most olefinic materials, it is an excellent impact modifier for plastics, and offer unique performance capabilities, which further drive growth of polyolefins elastomers market. These factors are expected to drive growth of market over the forecast period.
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Key Developments in Polyolefin Elastomers Market
Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to retain its position in the polyolefin elastomers market. On April 11, 2018, the Dow Chemical Company was recognized with prestigious Edison Awards for the four breakthrough technologies that were developed by the company. Moreover, on April 24, 2018, the Dow Chemical Company joined the Catalyst CEO Champions For Change, which is a transformational diversity and inclusion initiative launched by Catalyst, a global thought leader and partner in accelerating the progress of women at work for more than 50 years.
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On April 26, 2018, ExxonMobil extended its Exceed™ XP performance polymers portfolio by introducing a new grade called as Exceed XP 8784. Also, ExxonMobil introduced Achieve™ advanced PP, featuring new products that offer a significant step beyond traditional PP performance.
On Oct. 6, 2016, LG Chem, Korea’s leading manufacturer of advanced batteries, announced about the starting of construction of an Electric Vehicle (EV) battery plant in Wrocław, Poland.
Some of the key players operating in the global polyolefin elastomers market include Dow Chemical Company, Mitsui Chemical, ExxonMobil Chemical, LG Chemical, SABIC SK Nexlene Company (SSNC), RTP Company, Polmann India Ltd, and S&E Specialty Polymers among others.
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