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Specialty Polymers Market by Product Type, End Use Industry, and Region 2024-2032

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    Report

  • 140 Pages
  • January 2024
  • Region: Global
  • IMARC Group
  • ID: 5769400

Quick Summary:

The global specialty polymers market is seeing a surge in demand due to their unique properties that make them a go-to solution for a host of industrial and commercial applications. These advanced materials, with their high strength, durability, chemical resistance, thermal stability, and electrical conductivity, are being sought after to replace traditional polymers that are challenged by performance limits or processing issues.

The rising product demand is driven by diverse end-use industries such as automotive, aerospace, electronics, and medicine. In the auto industry, the adoption of electric and hybrid vehicles boosts the need for specialty polymers to manufacture high-performance, lightweight components. Renewed emphasis on renewable energy sources like wind and solar power has the market tapping on the use of specialty polymers in fabricating lightweight, durable wind turbines and solar panels. Coupled with their application in 3D printing, and the push for eco-friendly and bio-degradable specialty polymers, the market is set for continuous expansion. Furthermore, technological advances have created an expanding array of innovative specialty polymers with unique properties and applications, fueling the market growth.

The global specialty polymers market size reached US$ 81.8 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 144.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.49% during 2023-2032. The growing product demand from end use industries, augmenting demand for electric and hybrid vehicles, and increasing demand for renewable energy sources, represent some of the key factors driving the market.

Specialty polymers refer to a class of synthetic materials that have been designed and engineered to possess specific properties and functions for a wide range of industrial and commercial applications. These polymers are typically produced by modifying the chemical structure of the base polymer or by blending two or more different polymers to achieve the desired properties. Specialty polymers can exhibit a range of unique characteristics such as high strength, durability, chemical resistance, thermal stability, and electrical conductivity. Some commonly used specialty polymers include thermoplastic elastomers (TPEs), fluoropolymers, liquid crystal polymers (LCPs), high-performance polyamides (HPAs), and polyetheretherketones (PEEKs). Nowadays, the demand for specialty polymers has escalated as these materials are used in numerous applications where traditional polymers are not suitable due to their limitations in terms of performance or processing.

Specialty Polymers Market Trends:

One of the primary factors driving the market is the growing demand from end-use industries, such as automotive, aerospace, electronics, medical, and consumer goods. Additionally, the increasing demand for electric and hybrid vehicles is creating a positive market outlook, as specialty polymers are used to produce high-performance, lightweight components. Other than this, with the growing need for renewable energy sources, such as wind and solar power, specialty polymers are widely used in the production of lightweight and durable components for wind turbines and solar panels. Besides this, specialty polymers find application in 3D printing as they offer superior mechanical properties, which are essential in producing complex and high-performance 3D printed components. In line with this, the demand for eco-friendly and sustainable materials is driving the adoption of biodegradable specialty polymers used in manufacturing biocompatible and high-performance materials. Furthermore, numerous technological advancements are leading to new and innovative specialty polymers with unique properties and applications. Other growth-inducing factors include stringent regulations implemented by numerous governments of various nations, increasing focus on research and development (R&D) activities by key players, and growth of emerging economies on account of their growing industrialization and infrastructure development.

Key Market Segmentation:

The report provides an analysis of the key trends in each segment of the global specialty polymers market, along with forecasts at the global, regional, and country levels from 2023-2032. Our report has categorized the market based on the product type and end use industry.

Product Type Insights:

  • Specialty Elastomers
  • Fluoroelastomers
  • Fluorosilicone Rubber
  • Liquid Silicone Rubber
  • Natural Rubber
  • Others
  • Specialty Composites
  • Particle Reinforced Composites
  • Fiber Reinforced Composites
  • Structural Composites
  • Specialty Thermoplastics
  • Polyolefins
  • Polyimides
  • Vinyl Polymer
  • Polyphenols
  • Others
  • Specialty Thermosets
  • Epoxy
  • Polyester
  • Vinyl Ester
  • Polyimides
  • Others
  • Others
The report has provided a detailed breakup and analysis of the specialty polymers market based on the product type. This includes specialty elastomers (fluoroelastomers, fluorosilicone rubber, liquid silicone rubber, natural rubber, and others), specialty composites (particle reinforces composites, fiber reinforced composites, and structural composites), specialty thermoplastics (polyolefins, polyimides, vinyl polymer, polyphenols, and others), specialty thermosets (epoxy, polyester, vinyl ester, polyimides, and others), and others. According to the report, specialty elastomers (fluoroelastomers, fluorosilicone rubber, liquid silicone rubber, natural rubber, and others) represented the largest segment.

End Use Industry Insights:

  • Automotive and Transportation
  • Consumer Goods
  • Building and Construction
  • Coatings, Adhesives, and Sealants
  • Electrical and Electronics
  • Healthcare
  • Others
A detailed breakup and analysis of the specialty polymers market based on the end use industry has also been provided in the report. This includes automotive and transportation, consumer goods, building and construction, coatings, adhesives, and sealants, electrical and electronics, and healthcare, and others. According to the report, automotive and transportation accounted for the largest market share.

Regional Insights:

  • 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
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for specialty polymers. Some of the factors driving the Asia Pacific specialty polymers market included growing product demand from end-use industries, expanding disposable income levels, and rapid urbanization.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the specialty polymers market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 3M Company, A. Schulman Inc. (LyondellBasell Industries N.V.), Arkema S.A., Ashland Inc., Avient Corporation, BASF SE, Croda International Plc, Dow Inc., Evonik Industries AG, Koninklijke DSM N.V., Solvay S.A., Specialty Polymers Inc. (The Sherwin-Williams Company), etc.

Key Questions Answered in This Report:

  • How has the global specialty polymers market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global specialty polymers market?
  • What is the impact of each driver, restraint, and opportunity on the global specialty polymers market?
  • What are the key regional markets?
  • Which countries represent the most attractive specialty polymers market?
  • What is the breakup of the market based on the product type?
  • Which is the most attractive product type in the specialty polymers market?
  • What is the breakup of the market based on the end use industry?
  • Which is the most attractive end use industry in the specialty polymers market?
  • What is the competitive structure of the global specialty polymers market?
  • Who are the key players/companies in the global specialty polymers 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 Specialty Polymers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Specialty Elastomers
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Fluoroelastomers
6.1.2.2 Fluorosilicone Rubber
6.1.2.3 Liquid Silicone Rubber
6.1.2.4 Natural Rubber
6.1.2.5 Others
6.1.3 Market Forecast
6.2 Specialty Composites
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Particle Reinforced Composites
6.2.2.2 Fiber Reinforced Composites
6.2.2.3 Structural Composites
6.2.3 Market Forecast
6.3 Specialty Thermoplastics
6.3.1 Market Trends
6.3.2 Key Segments
6.3.2.1 Polyolefins
6.3.2.2 Polyimides
6.3.2.3 Vinyl Polymer
6.3.2.4 Polyphenols
6.3.2.5 Others
6.3.3 Market Forecast
6.4 Specialty Thermosets
6.4.1 Market Trends
6.4.2 Key Segments
6.4.2.1 Epoxy
6.4.2.2 Polyester
6.4.2.3 Vinyl Ester
6.4.2.4 Polyimides
6.4.2.5 Others
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by End Use Industry
7.1 Automotive and Transportation
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Consumer Goods
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Building and Construction
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Coatings, Adhesives and Sealants
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Electrical and Electronics
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Healthcare
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 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 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
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 3M Company
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 A. Schulman Inc. (LyondellBasell Industries N.V.)
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Arkema S.A.
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 Ashland Inc.
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 Avient Corporation
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 BASF SE
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 Croda International Plc
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Dow Inc.
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 Evonik Industries AG
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Koninklijke DSM N.V.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 Solvay S.A.
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12 Specialty Polymers Inc. (The Sherwin-Williams Company)
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Specialty Polymers Market: Major Drivers and Challenges
Figure 2: Global: Specialty Polymers Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Specialty Polymers Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Specialty Polymers Market: Breakup by Product Type (in %), 2023
Figure 5: Global: Specialty Polymers Market: Breakup by End Use Industry (in %), 2023
Figure 6: Global: Specialty Polymers Market: Breakup by Region (in %), 2023
Figure 7: Global: Specialty Polymers (Specialty Elastomers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Specialty Polymers (Specialty Elastomers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Specialty Polymers (Specialty Composites) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Specialty Polymers (Specialty Composites) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Specialty Polymers (Specialty Thermoplastics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Specialty Polymers (Specialty Thermoplastics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Specialty Polymers (Specialty Thermosets) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Specialty Polymers (Specialty Thermosets) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Specialty Polymers (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Specialty Polymers (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Specialty Polymers (Automotive and Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Specialty Polymers (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Specialty Polymers (Consumer Goods) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Specialty Polymers (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Specialty Polymers (Building and Construction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Specialty Polymers (Building and Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Specialty Polymers (Coatings, Adhesives, and Sealants) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Specialty Polymers (Coatings, Adhesives, and Sealants) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Specialty Polymers (Electrical and Electronics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Specialty Polymers (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Specialty Polymers (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Specialty Polymers (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Specialty Polymers (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Specialty Polymers (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: North America: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: North America: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: United States: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: United States: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Canada: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Canada: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Asia-Pacific: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Asia-Pacific: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: China: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: China: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Japan: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Japan: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: India: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: India: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: South Korea: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: South Korea: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Australia: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Australia: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Indonesia: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Indonesia: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Others: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Others: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Europe: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Europe: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Germany: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Germany: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: France: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: France: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: United Kingdom: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: United Kingdom: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Italy: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Italy: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Spain: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Spain: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Russia: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Russia: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Others: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Others: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Latin America: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Latin America: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Brazil: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Brazil: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Mexico: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Mexico: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Middle East and Africa: Specialty Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Middle East and Africa: Specialty Polymers Market: Breakup by Country (in %), 2023
Figure 79: Middle East and Africa: Specialty Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Global: Specialty Polymers Industry: Drivers, Restraints, and Opportunities
Figure 81: Global: Specialty Polymers Industry: Value Chain Analysis
Figure 82: Global: Specialty Polymers Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Specialty Polymers Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Specialty Polymers Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Specialty Polymers Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
Table 4: Global: Specialty Polymers Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Specialty Polymers Market: Competitive Structure
Table 6: Global: Specialty Polymers Market: Key Players

Companies Mentioned

  • 3M Company
  • A. Schulman Inc. (LyondellBasell Industries N.V.)
  • Arkema S.A.
  • Ashland Inc.
  • Avient Corporation
  • BASF SE
  • Croda International Plc
  • Dow Inc.
  • Evonik Industries AG
  • Koninklijke DSM N.V.
  • Solvay S.A.
  • Specialty Polymers Inc. (The Sherwin-Williams Company)

Methodology

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