According to a market report by Lucintel, the future of 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 $10 billion by 2030 from $7 billion in 2023 at a CAGR of 7% from 2023 to 2030. The major drivers for this market are increasing demand for packaging and growth in the electrical & electronics and consumer goods industries.
Browse 120 figures/charts and 94
tables in this 177-page report to understand trends, opportunity and forecast in global functional polymer market to 2030 by
end use (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), process type (direct functionalization and post functionalization),
and region (North America, Europe, APAC, and ROW).
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.
Download sample by clicking on functional
polymer market.
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.
Evonik, Du
Pont, BASF, Toybo, Resonac, Solvay are the major suppliers in the functional
polymer market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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