The future of the polymer market looks promising with opportunities in the automotive, building and construction, industrial, and packaging market. The global polymer market is expected to reach an estimated $990.4 billion by 2027 with a CAGR of 4.9% from 2021 to 2027. The major drivers for this market are the growing demand for plastic and rubber in the automotive and construction sector and ease of availability and cost efficiency.
Answer: The global polymer market is expected to reach an estimated $990.4 billion by 2027
Q2. What is the growth forecast for polymer market?
Answer: The polymer market is expected to grow at a CAGR of 4.9% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the polymer market?
Answer: The major drivers for this market are the growing demand for plastic and rubber in the automotive and construction sector and ease of availability and cost efficiency.
Q4. What are the major applications or end use industries for polymer?
Answer: Packaging, automotive and building, and construction are the major end use industries for polymer.
Q5. Who are the key polymer companies?
Answer: Some of the key polymer companies are as follows:
Answer: The analyst forecasts that thermoplastic polymer will remain the largest segment over the forecast period due to increasing demand for thermoplastics in the food packaging industry, owing to their high mechanical strength, cost efficiency, and ease of manufacturing.
Q8: In polymer market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Polymer Market by Segment
The study includes a forecast for the global polymer market by product type, end use industry, and region as follows:Polymer Market by [Value ($B) and Volume (Kilotons) shipment analysis for 2016-2027]:
- Thermoplastic
- Thermoset
- Elastomers
Polymer Market by End Use Industry [Value ($B) and Volume (Kilotons) shipment analysis for 2016-2027]:
- Automotive
- Building and Construction
- Industrial
- Packaging
- Others
Polymer Market by Region [Value ($B) shipment analysis for 2016-2027]:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- The United Kingdom
- France
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
List of Polymer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies polymer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the polymer companies profiled in this report includes.- Dow Chemical Company
- BASF SE
- SABIC
- China Petrochemical Corporation (Sinopec)
- Exxon Mobil Corporation
Polymer Market Insight
- The analyst forecasts that thermoplastic polymer will remain the largest segment over the forecast period due to increasing demand for thermoplastics in the food packaging industry, owing to their high mechanical strength, cost efficiency, and ease of manufacturing.
- Packaging will remain the largest end use segment over the forecast period due to growing demand for plastic in food and pharmaceutical packaging
- Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to increasing automotive production and growth in construction and industrial sectors..
Features of Polymer Market
- Market Size Estimates: Polymer market size estimation in terms of value ($B) and volume (kilotons)
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Market size by product type and end use industry.
- Regional Analysis: Polymer market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product type, end use industry, and regions for the polymer market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the polymer market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the polymer market size?Answer: The global polymer market is expected to reach an estimated $990.4 billion by 2027
Q2. What is the growth forecast for polymer market?
Answer: The polymer market is expected to grow at a CAGR of 4.9% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the polymer market?
Answer: The major drivers for this market are the growing demand for plastic and rubber in the automotive and construction sector and ease of availability and cost efficiency.
Q4. What are the major applications or end use industries for polymer?
Answer: Packaging, automotive and building, and construction are the major end use industries for polymer.
Q5. Who are the key polymer companies?
Answer: Some of the key polymer companies are as follows:
- Dow Chemical Company
- BASF SE
- SABIC
- China Petrochemical Corporation (Sinopec)
- Exxon Mobil Corporation
Answer: The analyst forecasts that thermoplastic polymer will remain the largest segment over the forecast period due to increasing demand for thermoplastics in the food packaging industry, owing to their high mechanical strength, cost efficiency, and ease of manufacturing.
Q8: In polymer market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global polymer market by product type (thermoplastic, thermoset, and elastomers), end use industry (automotive, building and construction, industrial, packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global Polymer Market Dynamics
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Dow Chemical Company
- BASF SE
- SABIC
- China Petrochemical Corporation (Sinopec)
- Exxon Mobil Corporation
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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