In 2018, demand for polyolefin elastomers in India was approximately 20
KT and is expected to grow at a healthy CAGR during the forecast period. The
major demand for polyolefin elastomers arises from automotive industry to produce trims,
bumpers and interior and exterior components. Moreover, Northern and southern
regions in India, being the automotive hub, accounted for the major demand for
the product. Further, POE is used in packaging industry as well as for the
polymer modification. The saturated polymers produced by polyolefin elastomer
have excellent UV resistance. It is used to provide super-elasticity and toughness
to the conventional polymers and, thus, finds wide application. Moreover,
rising demand in foams, footwear, wires and cable, thermoplastic elastomers and
injection molding goods would further boost the demand for POE across the
country.
Currently, there are no manufacturers in India that produce polyolefins
elastomers. India is totally dependent on import from major countries such as Singapore,
United Arab Emirates, USA, etc. The major producers of polyolefin elastomers
are Dow Chemicals, DuPont Chemicals, SABIC, LG Chem, ExxonMobil and LyondellBasell Industries Holdings B.V. Further a massive growth can be
witnessed in the polyolefin elastomer’s market by 2030.
Years Considered for this Report:
Historical
Years: 2013 – 2017
Base Year: 2018
Estimated Year:
2019
Forecast Period:
2020 – 2030
Objective of the
Study:
·
The
primary objective of the study was to evaluate and forecast polyolefin
elastomer demand, inventory, and demand–supply gap in India.
·
To
categorize demand for polyolefin elastomer based on end
use, sales channel and region.
·
To study
trade dynamics in India polyolefin elastomer market.
·
To
identify major customers of polyolefin elastomer in India.
·
To
evaluate and forecast polyolefin elastomer pricing in India.
·
To
identify and profile major companies operating in India polyolefin elastomer market.
·
To
identify major developments, deals and expansion plans in India polyolefin
elastomer market.
Report Scope:
In this report, India polyolefin elastomer market has been segmented into following categories:
Some of the
major players operating in polyolefin elastomer market are Dow
Chemicals, DuPont, SABIC, LG Chem, ExxonMobil and LyondellBasell Industries
Holdings B.V. Partial list of major customers are Hydro S & S Industries
Ltd, Machino Polymers Ltd, Mitsui Prime Advanced Composite India Pvt Ltd, APPL
Industries Ltd and Zylog Plastalloys Pvt. Ltd.
To extract data
for India polyolefin elastomer market, primary research surveys were conducted
with manufacturers, suppliers, distributors, wholesalers and end users of polyolefin
elastomer. While interviewing, the respondents were also inquired about their
competitors. Through this technique, TechSci Research was able to include
manufacturers that could not be identified due to the limitations of secondary
research. Moreover, TechSci Research analyzed various end user segments and
projected a positive outlook for India Polyolefin Elastomer market over the
coming years.
TechSci Research
calculated demand for polyolefin elastomer in India by analyzing
the historical data and demand forecast was carried out considering the
imports, consumption pattern and analyzing the demand by tracking upcoming manufacturing
units. TechSci Research sourced these values from industry experts and company
representatives and externally validated through analyzing historical
sales data of respective manufacturers to arrive at the overall market size.
Various secondary sources such as company websites, association reports and
annual reports were also studied by TechSci Research.
Key Target Audience:
- Polyolefin elastomer
manufacturers, end users and other stakeholders
- Organizations, forums and alliances related to polyolefin elastomer
distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and
consulting companies
The study is
useful in providing answers to several critical questions that are important
for industry stakeholders such as polyolefin elastomer manufacturers, distributors
and policy makers. The report also provides useful insights about which market
segments should be targeted over the coming years to strategize investments and
capitalize on growth opportunities.
Available
Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs.
In case you can’t find what, you are looking for
then please get in touch with our custom research team at [email protected]