Press release
Specialty Polymers Market Trends, Growth, Share, Size & Forecast 2023-2028
How big is the Specialty Polymers Market?
The global specialty polymers market size reached US$ 76.23 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 116.73 Billion by 2028, exhibiting a growth rate (CAGR) of 7.21% during 2023-2028.
What are Specialty Polymers?
Specialty polymers represent a class of synthetic materials engineered and designed to possess specific properties and functions for various industrial and commercial applications. These materials are typically produced by modifying the chemical structure of the base polymer or by blending two or more distinct substances to achieve the desired effects. Commonly used specialty polymers include fluoropolymers, liquid crystal polymers (LCPs), thermoplastic elastomers (TPEs) and high-performance polyamides (HPAs).. In addition to this, these materials can exhibit several unique characteristics, such as durability, chemical resistance, high strength, thermal stability, and electrical conductivity. As a result, specialty polymers find widespread applications across various sectors, including automotive, transportation, healthcare, construction, electronics, etc.
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What are the growth prospects and trends in the specialty polymers industry?
The elevating product demand in the automotive industry to produce high-performance, lightweight components, owing to the inflating sales of electric and hybrid vehicles, is among the primary factors driving the specialty polymers market. Besides this, the escalating requirement for these materials in 3D printing, as they offer superior mechanical properties, which are essential in producing complex and high-performance elements, is further augmenting the market growth. Moreover, the increasing need for renewable energy sources, such as wind and solar power, is propelling the usage of specialty polymers for the manufacturing of lightweight and durable components for wind turbines and solar panels, which is also catalyzing the global market. Apart from this, the development of new and innovative synthetic materials, continuous technological advancements, and the emerging trend of industrialization across countries are acting as significant growth-inducing factors. Furthermore, the growing popularity of eco-friendly, sustainable, and biodegradable substances for producing biocompatible and high-performance variants and the expanding infrastructural activities, especially across the developing economies, are expected to bolster the specialty polymers market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
Specialty Elastomers :
Fluoroelastomers
Fluorosilicone Rubber
Liquid Silicone Rubber
Natural Rubber
Others
Specialty Composites :
Particle Reinforced Composites
Fiber Reinforced Composites
Structural Composites
Specialty Thermoplastics :
Polyolefins
Polyimides
Vinyl Polymer
Polyphenols
Others
Specialty Thermosets :
Epoxy
Polyester
Vinyl Ester
Polyimides
Others
Others
Browse Full Report with Table of Content : https://www.imarcgroup.com/specialty-polymers-market
End Use Industry Insights:
Automotive and Transportation
Consumer Goods
Building and Construction
Coatings, Adhesives, and Sealants
Electrical and Electronics
Healthcare
Others
Market Breakup by Region:
North America (United States, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
3M Company,
A. Schulman Inc. (LyondellBasell Industries N.V.),
Arkema S.A.,
Ashland Inc.,
Avient Corporation,
BASF SE,
Croda International Plc,
Dow Inc.,
Evonik Industries AG,
Koninklijke DSM N.V.,
Solvay S.A.,
Specialty Polymers Inc. (The Sherwin-Williams Company)
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Contact US
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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