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.
The Polyolefin Plastomer Price chart, including India Polyolefin Plastomer price, USA Polyolefin Plastomer 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 Plastomer Price Trend:
The price trend of Polyolefin Plastomers (POP) reflects their increasing industrial demand owing to their exceptional properties. POPs, with their excellent sealing and barrier properties, are extensively utilized in packaging applications such as films and containers. Moreover, in the automotive sector, their durability and flexibility make them ideal for interior trim, weather stripping, and seals. Additionally, POPs’ impact resistance renders them suitable for consumer goods like toys, sporting equipment, and household items. Their versatility extends to wire and cable insulation, adhesive formulations, and medical devices, making them indispensable across various industries requiring lightweight, flexible, and durable materials. Tracking the Polyolefin Plastomers (POP) Price Index, Price Trend, and Price Graph provides insights into their widespread applications and increasing significance in industrial processes.
Key Players:
- Dow
- Mitsui Chemical
- ExxonMobil Chemical
- SABIC SK Nexlene Company
- LG Chemical
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