Polymers Market Analysis

Type (Thermoplastics, Elastomers Thermosets)

The thermoplastics segment is predicted to hold 65% share of the global polymers market in the upcoming years. The increasing demand for thermoplastics is a result of their cost effectiveness, ease of production in food sector, and excellent strength. Furthermore, this sector is also used in other scopes such as the construction of lightweight models, storage tanks, panels, and frames. They are also used in different other applications like food containers, automotive, medical devices, etc owing to their favorable properties. In medical devices, PVC is the only polymer with significant use, and in Europe and around the world, PVC has a market share of 27% and 26% respectively.

Application (Packaging, Building & Construction, Automotive, Consumer Goods, Electrical & Electronics, Agriculture)

The packaging segment in the polymers market is anticipated to hold the largest revenue share of 40 % by the end of 2036. There has been an increase in the demand for materials for the production of food and beverage packaging. In order to lessen the risk of quality loss, and contamination, the manufacturers are using packaging that is effectual. As per the analysis, edible grocery sales are predicted to increase by 550 Billion in the United States by 2026.

Product Type (Polyethylene, Polyvinyl Chloride, Polypropylene, Polystyrene, Polyamide, Polyurethane, Polyacrylamide)

The Polyethylene segment is set to garner a market gain of 25 % during the forecasted timeframe. This can be impelled by the increasing demand for the product from the different end-use sectors. Furthermore, the rising demand for HDPE and LDPE in food and beverages industries such as milk, juices, and other products. More than 11 million tonnes of HDPE have been processed worldwide in film and sheet extrusion in the year 2018.

Our in-depth analysis of the global market includes the following segments: