Polymers Market Share

APAC Market Forecast

The polymers market in the Asia Pacific is estimated to have the highest revenue with a 30% share in the market throughout the forecasted period. With the developing economies of the nations, disposable income, low cost of raw materials, and rise in the population are all reasons driving the market’s expansion in the particular region. Moreover, owing to the continuous expansion by developing countries such as India and Japan, the consumption of polymers will also be increased. Also, the increasing awareness related to environment-friendly substitutes is surging the demand for polymers in the region.

North America Market Statistics

The North America region is expected to have a 28% share of the polymers market in the forecast period. Increasing needs for polymers in many sectors such as aircraft, construction, and others are driving the demand for polymers including water-soluble polymer in the region.  The growing investment by the government related to the construction industry in the North American region is further anticipated to contribute to the growth of the market in the region. For instance, Texas states have boosted the state’s construction pipelines to over USD 400 Billion, as per the report in 2019.