According to
a new market report published by Lucintel, the future in the global functional polymer market looks promising with opportunities in the
packaging, electrical and electronics, automotive, construction, consumer
goods, medical, industrial, and others industries. The global functional polymer market is expected to reach an estimated $7.1
billion by 2023 with a CAGR of 5.6% from 2018 to 2023. The major drivers for this
market are increasing demand for packaging and growth in the electrical &
electronics and consumer goods industries.
In this
market, polyethylene, polyester, butadiene, and acrylic are the major polymers resins
utilized for manufacturing functional polymer for different end use industries. On the basis of
comprehensive research, Lucintel forecasts that the polyethylene segment will remain the largest polymer type by value and
volume over the forecast due to growth in packaging, pipe & tank, and wire
& cable market.
Within the
global functional polymer market, packaging is expected to remain the largest end use industry and witness the
highest growth in the forecast period due to its ability to provide product appearance, scratch resistance,
and adhesion properties.
Asia Pacific is expected to remain the largest
region by value and volume; it is also
expected to witness the highest growth over the forecast period due to increasing
automotive production and growth in construction, electrical & electronics
and consumer goods industry.
An emerging
trend, which has a direct impact on the dynamics of the industry, include increasing
demand of functional polymers in stretchable and printable electronics
applications. Evonik, DowDuPont, BASF, Toyobo, Showa Denko, Tosoh, Adeka,
Solvey and Nikki Forn are among the major suppliers of the global functional
polymer market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities of global functional polymer market by end use, polymer type, functional
group, process type and region. Lucintel has prepared a comprehensive research
report entitled “Growth
Opportunities in
the Global functional polymer Market 2018-2023: Trends, Forecast, and
Opportunity Analysis.” The
Lucintel report serves as a catalyst for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global functional polymer market by
end use industry, polymer type, functional group, process type, and region as
follows:
By End Use Industry (Volume (Million Pounds) and
$M shipment analysis for 2012 – 2023):
- Automotive
- Packaging
- Electrical and Electronics
- Construction
- Consumer Goods
- Medical
- Industrial
- Others
By Polymer Type (Volume (Million Pounds) and
$M shipment analysis for 2012 – 2023):
- PP
- PE
- Polyolefin
- Epoxy
- PU
- Polyamide
- Polyester
- EVA
- Acrylic
- Butadiene
- Others
By Functional Group ($M shipment analysis for
2012 – 2023):
- Anhydride based Functional Polymer
- Silicone based Functional Polymer
- Hydroxyl based Functional Polymer
- Urethane based Functional Polymer
- Methoxy based Functional Polymer
- Ethyl Acetate based Functional Polymer
- Ester based Functional Polymer
- Others
By Process Type (Volume (Million Pounds) and
$M shipment analysis for 2012 – 2023):
- Direct Functionalization
- Post Functionalization
By Region (Volume (Million Pounds) and $M
shipment analysis for 2012 – 2023):
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
177 page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, Opportunity
Screening and Analysis, Strategic
Growth Consulting and Capital
Investment Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. We offer market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for composites in the global functional
polymer market by end use industry (automotive, packaging, electrical and
electronics, construction, consumer goods, medical, industrial, and others), polymer
type (PP, PE, polyolefin, epoxy, PU, polyamide, polyester, EVA, acrylic,
butadiene, and others), functional group (anhydride based functional polymer,
silicone based functional polymer, hydroxyl based functional polymer, urethane
based functional polymer, methoxy based
functional polymer, ethyl acetate based functional polymer , ester based
functional polymer, and others), process type (direct functionalization
and post functionalization) 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 emerging trends in this market
and the reasons behind them?
Q.7 What are some 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?
