Polymer Market Scenario Covering Trends

1. Polymer Market Scenario Covering Trends, Opportunities and Growth Forecast during 2022-2028 By USD 579.19 Billion The Polymer market was valued at USD 546 billion in 2020, and it is expected to reach a value of USD 579.19 Billion by 2027, at a CAGR of 4.20% over the forecast period (2022 – 2027). Polymers as a product are used in everyday life and therefore has high growth potential. The market will thus grow at a modest CAGR of 4%. Increasing plastic consumption in the construction, automotive, and electrical & electronics industries is projected to support market growth. Plastics are those polymers that are highly demanded in the packaging industry, owing to their attributes, such as lightweight, flexibility, strength etc. This demand is further accelerated by the recent covid crisis wherein the demand for packaged food increased. Global Polymer Market Segmentation The Global Polymer market is segmented based on Type, Material, Application, and Region. Based on Type it is categorized into: Thermoplastics, Thermosets, Elastomers. Based on Material it is categorized into: Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polystyrene, Polyurethane. Based on Application it is categorized into: Packaging, Construction, Automotive, Agriculture, Electrical & Electronics, Textile. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA. Key players in Polymer market are: LyondellBasell Industries N.V. BASF SE SABIC Dow Inc. DuPont de Nemours, Inc. Evonik Industries Sumitomo Chemical Co., Ltd. Arkema Celanese Corporation Eastman Chemical Company Mitsui & Co. Plastic Ltd.

2. Table Of Content Polymer Market 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Overview 5. Porter's Five Forces Analysis 6. PESTEL Analysis 7. Impact of COVID 19 on the market 8. Key Mandates & Regulations 9. Pricing Analysis 10. Competitive Analysis 11. Global Polymer Market Value by Region and Country 12. Global Polymer Market Value by Type 13. Global Polymer Market Value by Material 14. Global Polymer Market Value by Application 15. Polymer Top Players Company Profiles Key Trends in Global Polymer Market One key trend that is disrupting the market is the use of sustainable polymers is, established players in the market have already started recylcing of products with the help of modern technology which involves chemical and mechnical ways of recycling. One key benefit of this is cost optimization as the company can minimize the use of raw materials. Thus, proper use of resources with the help of recycling which also enables to reduce waste and is more environment friendly is a key trend observed in the polymer market. The use of smart polymers is one trend that is driving the growth of the market. Smart polymers are mainyl in demand from the health industry. They are used in biosensors, artificial body parts etc. They are used on such a large scale mainly because of their strength and flexibility. The biocompatible nature of smart polymers will drive their demand and also the overall growth of the polymer market. There has also been a shift towards the use of polymers in non traditional industries such as automobile. Automobile manufacturers now want to produce cars that are light in weight and therefore use polymers instead of metals. When polymers are used in a vehicle its weight is reduced by a significant amount and this is one factor that will lead more demand of polymers all over the world. Key Questions addressed in this report Which are the high-growth market segments in terms of different segment names? What is the historical market size for the Global Polymer Market? What are the market forecasts and estimates for the period 2020-2027? What are the major drivers, restraints, opportunities, and challenges in the Global Polymer Market? Who are the major players in the market, and what share of the market do they hold? Who are the major players in various countries, and what share of the market do they hold?

3. How is the competitive landscape for the Global Polymer Market? What are the recent developments in the Global Polymer Market? What are the different strategies adopted by the major players in the market? What are the key geographic trends, and which are the high-growth countries? Who are the local emerging players in the Global Polymer Market, and how do they compete with the other players? Global Polymer Market: Regional Dynamics In terms of the regional dynamics it can be seen that Asia pacific was the dominant amongst all other regions. The region had a total share of 44% in 2020. The growth of the region has been attributed to India and china as both countries saw an increase in production of automobiles wherein now polymer is used on a large scale. Europe too will see growth in future mainly coming from the automotive industry. About Us- SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals. Contact Us- SkyQuest Technology Consulting Pvt. Ltd. info@skyquestt.com USA (+1) 617-230-0741