In the first quarter of 2023, the Polyolefin Elastomers market in Asia faced a decline in prices due to the automotive industry’s downfall and excess imports causing overstocking. However, the second quarter saw a positive shift with increased demand from the automobile sector and strong performance in the Asian auto industry. Rising domestic and overseas orders supported the market, driving prices up. In Europe, both quarters experienced price declines due to a stumbling market, falling freight charges, inflation, and higher interest rates, impacting consumer confidence. A brief incline occurred early in Q2 but falling raw material prices led to a slip. North America saw initial price declines due to weak automotive demand and excess supply, followed by improvement in Q2 but a subsequent decline due to increased operational rates and product influx.
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Definition
Polyolefin Elastomers is a thermoplastic material consisting of copolymers of ethylene and α-olefins. It possesses a unique combination of characteristics, including rubber-like elasticity and flexibility, coupled with the processability of conventional plastics. This versatile material exhibits excellent resilience, low-temperature performance, and chemical resistance. Due to these properties, Polyolefin Elastomerss find wide-ranging industrial applications, including automotive components, wire and cable insulation, seals, and various molded goods, where durability, flexibility, and resistance to deformation are essential requirements.
Key Details About the Polyolefin Elastomers 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 Elastomers 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.
The Polyolefin Elastomers Price Trends, including India Polyolefin Elastomers price, USA Polyolefin Elastomers price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Polyolefin Elastomers Price Trend:
Polyolefin Elastomerss have numerous industrial uses owing to their unique combination of properties. In the automotive industry, they are utilized in manufacturing seals, gaskets, hoses, weatherstrips, and interior components due to their excellent flexibility and resistance to chemicals and temperature fluctuations. The wire and cable industry relies on Polyolefin Elastomerss as insulation and jacketing materials, providing electrical insulation and flexibility. They find applications in packaging films, ensuring product freshness and extending shelf life. Moreover, Polyolefin Elastomerss are employed in consumer goods, medical devices, adhesives, and industrial components, showcasing their versatility and adaptability across a wide range of industries, where resilience, durability, and ease of processing are vital requirements.
Key Players:
- Exxon Mobil Corporation
- LG Chem
- LyondellBasell Industries Holdings BV
- Mitsubishi Chemical Holding Corporation
- SABIC
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