Polyolefin Elastomer Market, By Application (Packaging, Automotive, Polymer Modification, Wires & Cables, Medical, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)
Polyolefin Elastomer Market is estimated to be valued at USD 2,535.2 Mn in 2025 and is expected to reach USD 4,277.7 Mn by 2032, growing at a compound annual growth rate (CAGR) of 7.76% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 2,535.2 Mn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
7.76%
2032 Value Projection:
USD 4,277.7 Mn
Polyolefin elastomer is referred to as a group of polymers derived from olefin monomer. This material act as a thermoplastic which is easy to mold in any shape and it can be reshaped also. In addition, it provides lightweight materials with excellent flexibility, durability, and resistance to solvents, chemicals, moisture, and other factors. These elastomers have an advantage regarding sealing temperature across the rigid and packaging industry. In addition, the increase in applications of polyolefin elastomers in adhesives, consumer goods, automotive, molded rubber goods, footwear, pipes, and hoses is likely to accelerate the global polyolefin elastomer market growth during the forecast timeline. Moreover, polyolefin elastomer offer applications in flexible foams in sandal, footwear, and others due to its characteristics including softness, lightweight, and resiliency.
Market Dynamics
Growing demand for polyolefin elastomer in the medical industry
There is a rise in demand for medical devices including tubes, catheters, masks, surgical equipment, and others across the globe. Polyolefin elastomers offer several properties such as easy blending with other polymers, excellent impact resistance, high sterilization, resistance to harsh chemicals, and easy blending with other polymers are projected to boost the product demand in the medical industry. In addition, polyolefin elastomers are soft and thus used on the patient's skin.
Soaring demand for polyolefin across the automotive industry
Polyolefin elastomers are used in cable insulation, wheel covers, carpet fibers, bumpers, interior wrapping, and chemical tanks across the automotive industry. In addition, it reduces the weight of the vehicle and enhances fuel efficiency. For instance, according to Global Sales Statistics 2019-2021, OICA (Organisation Internationale des Constructeurs d'Automobiles), one of the international organizations of motor vehicle manufacturers, the total production of automobiles in France including commercial vehicles and cars reached 13,51,308 units in 2021, which is more than 3% in 2020.
Thus, increasing automotive production across the globe is expected to create significant opportunities across the global polyolefin elastomer market players.
Fluctuating prices of raw materials is hindering the global market growth
Polyolefin elastomer is a copolymer of butane and ethylene which is derived from the refining process of crude oil. In addition, the rise in prices of crude oil owing to an unbalanced economic environment is likely to hamper the global polyolefin elastomer market growth.
Key features of the study
This report provides an in-depth analysis of the global polyolefin elastomer market, market size (USD Mn & Tons), and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global polyolefin elastomer market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Key companies covered as a part of this study include Mitsui Chemical, Inc., LG Chem Ltd., RTP Company, Inc., DowDuPont Inc., PolyOne Corporation, Siloxane Aggrandize Innovative Industries, Dalmia Polymers LLP, Tricon Energy Inc., Borealis AG, and SK Global Chemical Co., Ltd.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.
The global polyolefin elastomer market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polyolefin elastomer market.
Market Segmentation
Global Polyolefin Elastomer Market, By Application
Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others
Global Polyolefin Elastomer Market, By Region
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa
GCC Countries
Israel
South Africa
Rest of Middle East & Africa
Key Players
Mitsui Chemical, Inc.
LG Chem Ltd.
RTP Company, Inc.
DowDuPont Inc.
PolyOne Corporation
Siloxane Aggrandize Innovative Industries
Dalmia Polymers LLP
Tricon Energy Inc.
Borealis AG
SK Global Chemical Co., Ltd.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Overview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Polyolefin Elastomer Market, By Application, 2020 - 2032 (USD Mn)
Introduction
Market Share Analysis, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, 2021-2032
Segment Trends
Packaging
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Polymer Modification
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Wires and Cables
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Medical
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Mn)
5. Global Polyolefin Elastomer Market, By Region, 2020 - 2032 (USD Mn)
Introduction
Market Share Analysis, By Region, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, For Regions, 2021-2032
North America
Market Share Analysis, By Country, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2025 - 2032
Country Trends
Market Size and Forecast, By Application, 2020-2032 (USD Mn)
Market Size and Forecast, By Application, 2020-2032 (USD Mn)
Countries
U.S.
Canada
Latin America
Market Share Analysis, By Country, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2021-2032
Country Trends
Market Size and Forecast, By Application, 2020-2032 (USD Mn)
Market Size and Forecast, By Application, 2020-2032 (USD Mn)
Countries
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Market Share Analysis, By Country, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2021-2032
Country Trends
Market Size and Forecast, By Application, 2020-2032 (USD Mn)
Market Size and Forecast, By Application, 2020-2032 (USD Mn)
Countries
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, By Country, 2021-2032
Country Trends
Market Size and Forecast, By Application, 2020-2032 (USD Mn)
Market Size and Forecast, By Application, 2020-2032 (USD Mn)
Countries
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Market Share Analysis, By Sub-region, 2025, 2028, and 2032 (%)
Y-o-Y Growth Analysis, By Sub-region, 2021-2032
Country Trends
Market Size and Forecast, By Application, 2020-2032 (USD Mn)
Market Size and Forecast, By Application, 2020-2032 (USD Mn)