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Global Specialty Polymers Market - Segmented by Type, End-user Industry and Region - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4520027
  • Report
  • Region: Global
  • 132 pages
  • Mordor Intelligence
1 of 4


  • 3M
  • Ashland Inc.
  • Braskem
  • DSM
  • Evonik Industries
  • Huntsman Corp.
  • MORE
The global specialty polymers market is expected grow at a significant rate during the forecast period, majorly driven by the growing applications in the construction and electronics industries. Specialty polymers are additives that are used to enhance the desired properties of polymers. They display specialized properties that make them preferable over conventional polymers. Specialty polymers are categorized under specialty chemicals and are suitable for a wide range of applications.

Growing Applications in Construction and Electronic Industries

The global construction market is expected to double within a decade. Asia-Pacific accounts for around 45% of the global construction industry and is expected to increase at a stable rate. Emerging economies and rapid industrialization in Asia-Pacific countries are driving the demand for construction services, primarily in emerging markets, like Indonesia, Malaysia, Philippines, Thailand, and Vietnam. The Chinese construction companies are increasing activity in the fast-growing markets of Asia-Pacific, Africa, and the Middle East, forming consortia to bid aggressively on large infrastructure projects. Apart from that, various applications of specialty polymers in the electrical and electronics industry are found in display technologies, like LCD and plasma display panels, coatings, memories, in mobile electronics, etc. Among these applications, semiconductor and memory applications of specialty polymers, followed by display technological applications are prominent.

Fluoroelastomers to Dominate the Market

Fluoroelastomers are fluorine-based high-performance synthetic rubbers, which have exceptional resistance to a broad spectrum of oils, fluids, chemicals, and gases, at elevated temperatures and in severe environments. Fluoroelastomers are being increasingly used in automotive, aerospace, petrochemical, and electrical & electronics industry. Automotive and aerospace industries constitute the major end-user segment, where fluoroelastomers are widely used in engine shaft sealing, diaphragms, packing, hoses, and other areas where good heat resistance and oil resistance is required. They are also used in fiber optic cables as jacketing materials. The oil and gas industry uses fluoroelastomers as sealing and contaminant solutions for extreme climates. Overall, their demand is expected to grow significantly in the forecast period.

Asia-Pacific to Dominate the Market

Asia-Pacific is expected to display the fastest growth in the specialty polymers market over the forecast period. The expanding automotive and electrical industries in China and India, combined with infrastructural development is expected to drive the specialty polymers market in the region. Moreover, economic growth and increasing per capita income are some of the major factors that are triggering the growth of the specialty polymers market in Asia-Pacific.

Major players are BASF SE, Ashland, Croda, Evonik Industries, PolyOne, and Rhodia, amongst others.

Reason to Purchase the Report

To understand the impact of various product type on the market.

Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.

To understand the dominating product type and end-user industry in the market.

Identify the countries expected to witness the fastest growth during the forecast period.

Identify the latest developments, market shares, and strategies employed by the major market players.

3-month analyst support along with the Market Estimate sheet (in Excel).

Customization of the Report

This report can be customized to meet your requirements.
Note: Product cover images may vary from those shown
2 of 4


  • 3M
  • Ashland Inc.
  • Braskem
  • DSM
  • Evonik Industries
  • Huntsman Corp.
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s 5 Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Application in Construction and Electronic Industries
4.1.2 Commercialization of Lightweight Polymers for Automotive & Aerospace Applications
4.1.3 Increased Availability of Feedstock Derived from Natural Gas and Crude Oil Processing
4.2 Restraints
4.2.1 Fluctuating Operational Costs to Derive Feedstock
4.2.2 Technological Obsolescence due to Constantly Emerging End-user Needs
4.3 Opportunities
4.3.1 Newly emerging specialty polymer technologies in myriad of industrial applications
4.3.2 Prolific commercialization of engineered polymer and specialty film products

5. Market Segmentation and Analysis
5.1 By Type
5.1.1 Specialty Elastomers
5.1.2 Specialty Composites
5.1.3 Specialty Thermoplastics
5.1.4 Specialty Thermosets
5.1.5 Others
5.2 By End-user Industry
5.2.1 Automotive & Transportation
5.2.2 Consumer Goods
5.2.3 Building & Construction
5.2.4 Coatings, Adhesives & Sealants
5.2.5 Electrical & Electronics
5.2.6 Healthcare
5.2.7 Others

6. Regional Market Analysis
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 France
6.3.4 Italy
6.3.5 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
8.1 3M
8.2 A. Schulman
8.3 Arkema
8.4 Ashland Inc.
8.5 Associated Industries, Inc.
8.7 Braskem
8.8 Chemtura
8.9 Bayer AG
8.10 Croda
8.11 DSM
8.13 Endurance Technologies
8.14 Evonik Industries
8.15 Henkel AG & Co. KGaA
8.16 Hexion
8.17 Huntsman Corp.
8.18 PolyOne
8.19 Rhodia
8.20 Quantum Silicones
8.21 S&E Specialty Polymers
8.22 Solvay Group
8.23 Specialty Polymers Pvt. Ltd
*List not Exhaustive

9. Disclaimer
**Subject to Availability in Public Domain
Note: Product cover images may vary from those shown
3 of 4


4 of 4
  • 3M
  • A. Schulman
  • Arkema
  • Ashland Inc.
  • Associated industries Inc.
  • Braskem
  • Chemtura
  • Bayer AG
  • Croda
  • DSM
  • Endurance Technologies
  • Evonik Industries
  • Henkel AG & Co. KGaA
  • Hexion
  • Huntsman Corp.
  • PolyOne
  • Rhodia
  • Quantum Silicones
  • S&E Specialty Polymers
  • Solvay Group
  • Speciality Polymers Pvt. Ltd
Note: Product cover images may vary from those shown