SMR: Global Specialty Polymers Market size, Trends in terms of volume and value 2020
Specialty polymers market is primarily driven by growing demand form electronics and construction industry. Growing usage of specialty polymers in various industries such as pharmaceutical, automotives and cosmetics is expected to bloster the demand for specialty polymers during the years to come.
Polymers exhibiting special properties such as ability to conduct heat compared to conventional polymers are known as specialty polymers. Specialty polymers are differentiated into six types such as thermoplastic polymers, biodegradable polymers, polymer composites, liquid crystal polymers, electroluminescent polymers, and conducting polymers. They are highly in demand and exclusively employed in various end-applications such as construction, automotive, medical, electronics, cosmetics and others.
The report covers forecast and analysis for the specialty polymers market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on both volumes (kilo tons) and revenue (USD million). The study includes drivers and restraints for the specialty polymers market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the wax market on a global level.
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In order to give the users of this report a comprehensive view on the specialty polymers market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the specialty polymers market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
Specialty polymers market is primarily driven by growing demand form electronics and construction industry especially in Asia Pacific region. In addition, growing usage of specialty polymers in various industries such as pharmaceutical, automotives and cosmetics is expected to bloster the demand for specialty polymers during the years to come. However, fluctuating cost of raw materials is a major restraint that is expected to impede the growth of global specialty polymers market.
The market is segmented on the basis of application and regions. The key applications covered under this study includes automotive, adhesives, construction, sealants & coatings, electrical & electronics, medical and others applications. Among all, construction and electronics were the largest application segments that accounted for a significant share of global specialty polymers in 2015 and are expected to be the fastest growing segment for the predicted coming years.
Geographically, specialty polymers market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Furthermore, the report also includes the regions with further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. Among all regions, Asia Pacific region is one of the fastest growing regions for specialty polymers owing to growing various industries in emerging economies such as China and India coupled with penetration of international players to set up manufacturing facilities in India in near future.
The report covers detailed competitive scenario including the company overviews, financial revenues of the key participants to develop their positions in the global market. There is some major manufacture in the specialty polymers market such Ashland, BASF, the DOW Chemical Company, Bayer AG, Croda, Clariant AG, Evonik Industries, Huntsman Corporation, Akzonobel N.V., Exxon Mobil Corporation and Solvay Group among others.
This report segments the global specialty polymers market as follows:
Specialty Polymers Market: Application Segment Analysis
- Sealants & Coatings
- Electrical & Electronics
Specialty Polymers Market: Regional Segment Analysis
- North America
- Latin America
- Middle East & Africa
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