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Polymers Market - Forecast (2020 - 2025)

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  • 107 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 5021563
Global Polymers Market: Demand Analysis

The global polymers market size was at around $666.5 billion as of 2020, and its value is poised to grow at a CAGR of 5.1% during the forecast period (2020-2025). Increasing consumption of polymers in various end-user industries such as packaging, construction, automobiles, and healthcare, for the manufacturing of elastomers, adhesives, and surface coatings, is projected to fuel the growth of the market. Polymeric materials are usually obtained from oils such as petroleum and crude oil, but significant research is initiated to develop innovative methods of producing these materials using renewable energy sources.

Polymers are the chains of monomer units. The structural and chemical composition of the chain determines the physical properties of the final materials. The major types of polymers are polyacrylonitrile, polypropylene, polyvinyl chloride, neoprene, and polystyrene, which are used to reduce the dependency on renewable fossil fuels. The replacement of renewable energy sources with polymers in the production of biofuels and electricity is fueling the polymers market growth.

The report identifies packaging as the leading application segment for polymers market. Polymers are used in high amounts across various industries for packaging and the demand for the segment is estimated to grow with a healthy CAGR of 4.1% in the forecast period. The various factors influencing the growth of the polymers market are consumption, manufacturing focus, end-use industries, feedstock availability, and increasing urbanization and changing lifestyle. Plastic industry in India has seen a strong penetration into general masses as compared to global standards owing to its high population and lenient government policies, and the region is anticipated to keep up the high economic growth which can propel the India’s plastic consumption in coming years.

Polymers Market: Regional Analysis

Asia-Pacific held a share of more than 44% in global polymers market in 2020, witnessing significant growth in the recent past. Globally, India is the third largest energy consumer due to increased consumption of petrochemicals and plastics primarily used for packaging in F&B industries. The prosperity of the country also has a multiplier effect on numerous important polymer end user sectors such as building & construction, automotive, and healthcare. Moreover, untapped rural market provides opportunities to tap the latest demand for consumer durables as well as packaged products are set to boost the polymers market in India. Pricing coupled with compatibility issues are foremost concerns among the polymers industry which needs to be addressed. The key factors that influence the price of polymers include supply-demand of feedstock, polymers and related finished products.

Competitive Landscape:

The Dow Chemical Company, LyondellBasell Industries N.V., Exxon Mobil Corporation, SABIC, BASF SE, INEOS AG, Eni S.p.A., Chevron Phillips Chemical Company LLC, and LANXESS are some of the major players holding maximum share in global polymers market.

LANXESS is one of the leading company in the production of chemical intermediates, additives, specialty chemicals, and plastics through its consortium partners at 59 production sites. Its latest trend is the development of biopolymers such as polyesters, polyamides, rubbers and rubber chemicals paved the path for huge investments of around EUR 200 million until 2025.

In 2020, BASF SE experienced a 7% increase in sales of care chemicals. Increased prices of chemical surfactants and fatty alcohols reflected a positive effect on sales growth for the same year. Dispex is another major product type in the company which is an efficient polyacrylate dispersant that is used to scatter inorganic materials present in automotive and decorative paints and construction materials.

Dow Chemical Company is one of the major key player in the polymers market, which offers a wide range of elastomers, which are extensively used for wire and cable coatings, footwear foams, Auto interior modifiers in cars such as TPO roofing and automotive bumper fascia, and Molded goods. On 9 October, 2020 Dow Chemical Company launchedthree new NORDEL EPDM products which play a prominent role in the production of lightweighting, safety and aesthetics products, that are used to reduce environmental impacts and further increases the demand of the market.

Polymers have been ubiquitous since the very beginning, as they are found almost in all materials used in our daily life. The petrochemicals industry has been utilizing polymers since ages but the advent of ecofriendly alternatives has further added to the prosperity of the polymers market. Additionally, polymers are used in various other industries such as building and construction, automotive, and electronics due its corrosion resistant and durability attributes. Under these favorable scenarios, the market is expected to witness a significant growth in the near future.

Table of Contents

1. Polymers Market - Overview
1.1. Definitions and Scope
2. Polymers Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Polymers Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Polymers Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Polymers Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Polymers Market – By Type (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Polypropylene Homopolymer Co-polymer Others
6.3.2. Polyethylene HDPE LDPE LLDPE Others
6.3.3. Polyvinyl Chloride
6.3.4. Polystyrene Expanded Polystyrene (EPS) Extruded Polystyrene (XPS)
6.3.5. Polyurethane Flexible Polyurethane Foam Rigid Polyurethane Foam PU Coatings, Adhesives, Sealants and Elastomers (CASE) Thermoplastic polyurethane (TPU) Others
6.3.6. Polyethylene terephthalate Synthetic Bio- Polyethylene terephthalate
6.3.7. Acrylonitrile butadiene Styrene
6.3.8. Others
7. Polymers Market – By Process (Market Size -$Million / $Billion)
7.1. Film
7.2. Profile
7.3. Sheet
7.4. Injection Molding
7.5. Others
8. Polymers – By End Use Industry(Market Size -$Million / $Billion)
8.1. Segment type Size and Market Share Analysis
8.2. Application Revenue and Trends by type of Application
8.3. Application Segment Analysis by Type
8.3.1. Packaging Rigid Flexible
8.3.2. Building and Construction Flooring Windows Roofing Adhesives & Sealants Others
8.3.3. Automotive Instrument Panels Engines Windows Tires Body Panels
8.3.4. Consumer Goods
8.3.5. Electrical and Electronics Electronic Components Industrial Electronics Consumer Electronics Others
8.3.6. Agriculture
8.3.7. Others
9. Polymers - By Geography (Market Size -$Million / $Billion)
9.1. Polymers Market - North America Segment Research
9.2. North America Market Research (Million / $Billion)
9.2.1. Segment type Size and Market Size Analysis
9.2.2. Revenue and Trends
9.2.3. Application Revenue and Trends by type of Application
9.2.4. Company Revenue and Product Analysis
9.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
9.3. Polymers- South America Segment Research
9.4. South America Market Research (Market Size -$Million / $Billion)
9.4.1. Segment type Size and Market Size Analysis
9.4.2. Revenue and Trends
9.4.3. Application Revenue and Trends by type of Application
9.4.4. Company Revenue and Product Analysis
9.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
9.5. Polymers - Europe Segment Research
9.6. Europe Market Research (Market Size -$Million / $Billion)
9.6.1. Segment type Size and Market Size Analysis
9.6.2. Revenue and Trends
9.6.3. Application Revenue and Trends by type of Application
9.6.4. Company Revenue and Product Analysis
9.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
9.7. Polymers – APAC Segment Research
9.8. APAC Market Research (Market Size -$Million / $Billion)
9.8.1. Segment type Size and Market Size Analysis
9.8.2. Revenue and Trends
9.8.3. Application Revenue and Trends by type of Application
9.8.4. Company Revenue and Product Analysis
9.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
10. Polymers Market - Entropy
10.1 New product launches
10.2 M&A s, collaborations, JVs and partnerships
11. Polymers Market Company Analysis
11.1 Market Share, Company Revenue, Products, M&A, Developments
11.12. Company 11 & More
12. Polymers Market - Appendix
12.1 Abbreviations
12.2 Sources
13. Polymers Market - Methodology
13.1 Research Methodology
13.1.1 Company Expert Interviews
13.1.2 Industry Databases
13.1.3 Associations
13.1.4 Company News
13.1.5 Company Annual Reports
13.1.6 Application Trends
13.1.7 New Products and Product database
13.1.8 Company Transcripts
13.1.9 R&D Trends
13.1.10 Key Opinion Leaders Interviews
13.1.11 Supply and Demand Trends