Plastomers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Plastomers are polymers with combined properties of elastomer and plastics. Plastomers are flexible materials that offer unique properties such as clarity, gloss, and elasticity. They are ethylene alpha-olefin copolymers made from polymerization processes with a single site metallocene catalyst. The polymerization process bridges the gap between elastomers and plastics, resulting into plastics- and rubber-like processing abilities and properties. Thus, it is opted over conventional polymers in packaging applications. Plastomers are also used as polymer modifiers as they offer improved impact strength, flexibility, and durability. Increase in popularity of plastomers over conventional polymers in various applications plays a significant role in driving the plastomers market.
The global plastomers market is projected to expand significantly in the near future. Increase in demand for plastomers in various end-use industries, rapid industrialization, and expansion of the packaging industry are factors boosting the plastomers market. However, fluctuations in prices of raw materials and implementation of strict environmental regulations may hamper market growth.
In terms of type, the plastomers market can be classified into polyethylene (PE), polypropylene (PP), ethylene vinyl acetate (EVA) and others. Ethylene vinyl acetate and polyethylene are the majorly used types of plastomers. High demand for rutting resistance products in construction and polymer modification applications is propelling the EVA and PE segments. The need for sound deadening sheets and flexible thermoplastic olefins in the automotive industry are driving the polypropylene segment. Furthermore, its unique properties over conventional polymers (elastics and plastic) makes it suitable for usage in crack-resistant rigid packaging, high-impact consumer products, wire and cable applications, and other industrial applications.
In terms of application, the plastomers market can be classified into packaging, automotive, polymer modification, construction, medical, electrical, and others. Excellent sealability, high toughness, and ease of processing coupled with need for high quality products are the factors boosting the demand for plastomers in end-use industries. The packaging segment is anticipated to account for prominent share of the plastomers market, as the maximum consumption of plastomers is in food packaging films, non-food packaging films, and stretch films & shrink films. Similarly, high demand for advanced and flexible materials in automotive and construction industries is augmenting the plastomers market.
In terms of region, the market can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Increase in disposable income and rise in population are driving the plastomers in Asia Pacific. Various other factors influencing market growth in the region are expansion in automobile, agriculture, packaging, consumer goods, and polymer modification sectors. The plastomers market in Europe is projected to expand at a significant pace due to the increase in investments in research and development in the packaging industry. Furthermore, favorable growth in economy of developing countries such as Mexico, Brazil, and China is anticipated to augment the plastomers market.
Key players operating in the global plastomers market are Saudi Basic Industries Limited (SABIC) (Saudi Arabia), The Dow Chemical Company (the U.S.), Mitsui Chemicals (Japan), LG Chem Limited (South Korea), Borealis AG (Austria), Sumitomo Corporation (Japan), ExxonMobil (the U.S.), Plastomer Corporation (the U.S.), Alpha Group (India), and SK Group (South Korea).
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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