In Asia, polyolefin plastomer prices exhibited volatility during the first half of 2023. A decline in demand from the automobile sector and pricing conflicts with Tesla impacted prices negatively in Q1. Rising inventories also contributed to a downward trend in Q2. In Europe, prices fluctuated, with a significant surge in March due to semiconductor demand driven by automobile sales. This upward trend continued until May, followed by a dip in June attributed to reduced new automobile registrations, signaling slowing industrial demand. In North America, economic disturbances from bank failures affected the plastomer market, causing fluctuations in Q1-Q2. Despite an initial rise in Q2 supported by economic recovery, falling demand, excessive supply, and reduced orders led to a decline.
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Definition
Polyolefin plastomers (POP) are a type of polymer characterized by their hybrid properties, blending characteristics of both polyethylene (PE) and polypropylene (PP). They exhibit excellent flexibility, impact resistance, and sealing capabilities, making them suitable for various applications. POPs have low density, contributing to lightweight products. Their chemical resistance and moisture barrier properties enhance their utility in packaging. Moreover, they offer good processability, enabling efficient manufacturing via injection molding and extrusion. POPs' unique combination of attributes makes them valuable in industries such as packaging, automotive, consumer goods, and more, where their versatility enhances product performance.
Key Details About the Polyolefin Plastomer Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Polyolefin Plastomer in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
Industrial Uses Impacting the Polyolefin Plastomer Price Trend:
Polyolefin plastomers (POP) have diverse industrial uses due to their unique combination of properties. They find application in packaging such as films and containers, providing excellent sealing and barrier properties. In the automotive industry, they are used for interior trim, weather stripping, and seals due to their durability and flexibility. POPs are employed in consumer goods like toys, sporting equipment, and household items for impact resistance. Their use extends to wire and cable insulation, adhesive formulations, and medical devices due to their versatile performance. POPs' properties make them valuable across industries where lightweight, flexible, and durable materials are required for various applications.
Key Players:
- Dow
- Mitsui Chemical
- ExxonMobil Chemical
- SABIC SK Nexlene Company
- LG Chemical
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