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Plastomer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 146 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5682372
The global plastomer market size reached US$ 4.2 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 6.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.

Plastomer refers to a specialized polymer that exhibits properties of both elastomers and plastics. It has rubber- and plastic-like elasticity and processability, clarity and gloss-finish. It provides improved impact performance, melt strength and processability when used by itself or with blends and compounds. Plastomers are commonly used in flexible packaging, non-stretch and shrink films, molded and extruded products, wires and cables and foaming products. In comparison to the mixed polymer solutions, they can be converted to mono-material solutions that are both cost-effective and environment-friendly. Owing to this, they find extensive applications across food and beverage, packaging, automotive, polymer modification, wires and cables, agriculture and medical industries.

The steadily increasing product demand from the food packaging industry is one of the key factors driving the growth of the market. Plastomers are majorly used as a sealing and melting polymer as they have low-density and aid in preserving the quality and freshness of the food products, thereby increasing their shelf life. Furthermore, the widespread adoption of controlled plastomers in the production of medical and healthcare products is providing a boost to the market growth. Plastomers are used for manufacturing intravenous (IV) bags, continuous ambulatory peritoneal dialysis pouches, pharmaceutical ingredient bags and packaging for bioreactors. They exhibit high packaging integrity even at low temperatures and can avoid damage in case of accidental drops. Additionally, various product innovations and the utilization of plastomers to manufacture gaskets, seals, vibration dampening and impact absorption products, acoustical sound insulation systems, cushioning, seating and hydrophobic and hydrophilic foams, are also contributing to the market growth.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global plastomer market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on application and processing method.

Breakup by Application:

  • Film-based Food Packaging
  • Film-based Non-food Packaging
  • Stretch-film and Shrink-film Packaging
  • Automotive
  • Polymer Modification
  • Wires and Cables
  • Medical
  • Others

Breakup by Processing Method:

  • Blow Film Extrusion
  • Cast Film Extrusion
  • Extrusion Coating
  • Injection Molding
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being Alpha Group, Borealis AG, Exxon Mobil Corporation, LG Chem Ltd., Mitsui Chemicals Inc., Saudi Basic Industries Corporation (SABIC), SK Group, Sumitomo Corporation, The DOW Chemical Company, etc.

Key Questions Answered in This Report

1. What was the size of the global plastomer market in 2022?
2. What is the expected growth rate of the global plastomer market during 2023-2028?
3. What has been the impact of COVID-19 on the global plastomer market?
4. What are the key factors driving the global plastomer market?
5. What is the breakup of the global plastomer market based on the application?
6. What are the key regions in the global plastomer market?
7. Who are the key players/companies in the global plastomer market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Plastomer Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Application
6.1 Film-based Food Packaging
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Film-based Non-food Packaging
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Stretch-film and Shrink-film Packaging
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Automotive
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Polymer Modification
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Wires and Cables
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Medical
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Processing Method
7.1 Blow Film Extrusion
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cast Film Extrusion
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Extrusion Coating
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Injection Molding
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Alpha Group
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Borealis AG
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Exxon Mobil Corporation
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 LG Chem Ltd.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Mitsui Chemicals Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Saudi Basic Industries Corporation (SABIC)
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 SK Group
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Sumitomo Corporation
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 The DOW Chemical Company
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
List of Figures
Figure 1: Global: Plastomer Market: Major Drivers and Challenges
Figure 2: Global: Plastomer Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Plastomer Market: Breakup by Application (in %), 2022
Figure 4: Global: Plastomer Market: Breakup by Processing Method (in %), 2022
Figure 5: Global: Plastomer Market: Breakup by Region (in %), 2022
Figure 6: Global: Plastomer Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Plastomer (Film-based Food Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Plastomer (Film-based Food Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Plastomer (Film-based Non-food Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Plastomer (Film-based Non-food Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Plastomer (Stretch-film and Shrink-film Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Plastomer (Stretch-film and Shrink-film Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Plastomer (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Plastomer (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Plastomer (Polymer Modification) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Plastomer (Polymer Modification) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Plastomer (Wires and Cables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Plastomer (Wires and Cables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Plastomer (Medical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Plastomer (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Plastomer (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Plastomer (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Plastomer (Blow Film Extrusion) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Plastomer (Blow Film Extrusion) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Plastomer (Cast Film Extrusion) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Plastomer (Cast Film Extrusion) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Plastomer (Extrusion Coating) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Plastomer (Extrusion Coating) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Plastomer (Injection Molding) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Plastomer (Injection Molding) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Plastomer (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Plastomer (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia Pacific: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia Pacific: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Plastomer Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Plastomer Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Global: Plastomer Industry: SWOT Analysis
Figure 82: Global: Plastomer Industry: Value Chain Analysis
Figure 83: Global: Plastomer Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Plastomer Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Plastomer Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 3: Global: Plastomer Market Forecast: Breakup by Processing Method (in Million US$), 2023-2028
Table 4: Global: Plastomer Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Plastomer Market: Competitive Structure
Table 6: Global: Plastomer Market: Key Players

Companies Mentioned

  • Alpha Group
  • Borealis AG
  • Exxon Mobil Corporation
  • LG Chem Ltd.
  • Mitsui Chemicals Inc.
  • Saudi Basic Industries Corporation (SABIC)
  • SK Group
  • Sumitomo Corporation
  • The DOW Chemical Company

Methodology

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Table Information