Specialty Polymers Market Global Outlook 2021-2026: 3M, Arkema Group, BASF SE,

The Global Specialty Polymers Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

The global specialty polymers market is expected to record a CAGR of over 7% during the forecast period

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Key Market Players:

3M, Arkema Group, BASF SE, and Solvay and Other

Key Market Trends

Automotive & Transportation Industry to Dominate the Market

- Owing to their suitable properties, such as excellent thermal resistance, wear resistance, ease of processing and designing, and fatigue endurance, specialty polymers are extensively used in the automotive and transportation industries.
- These materials are reliable and safe for use in vehicles due to their exceptional thermal resistance. They provide sophisticated aesthetic appeal to vehicles, at competitive prices.
- With the rise in demand for lightweight and fuel-efficient cars, the use of polymers has increased in automotive parts for replacing heavy metals, in order to reduce weight. It has been estimated that every 10% reduction in vehicle weight results in a 5-7% reduction in fuel usage.
- As specialty polymers play a key role in automobile manufacturing, the demand for these materials is increasing with the rising sales of vehicles across the world.
- The automotive polymer composite industry fosters economic activity indirectly throughout the supply chain of a vehicle, and through the payrolls paid both by the industry itself and the consumers. The light vehicle industry is an important customer for various specialty polymers, and there exists a significant competition, especially with aluminum and steel.
- Thus, with the rise in the quantity of polymers being used during the manufacturing of automobiles, and with the increasing demand for lightweight vehicles, the usage of specialty polymers is expected to increase in the automotive and transportation sector.

Asia-Pacific to Dominate the Market

- Asia-Pacific is expected to display the fastest growth in the specialty polymers market over the forecast period. The expanding automotive and electrical industries in China and India, combined with infrastructural development, is expected to drive the specialty polymers market in the region. Moreover, economic growth and increasing per capita income are some of the major factors that are triggering the growth of the specialty polymers market in Asia-Pacific.
- In Asia-Pacific, the market is dominated by China. As China is one of the emerging economies witnessing healthy economic growth, its governments policies have been in line with the proposed objectives to implement economic reforms, thus ensuring healthy growth of the country during the forecast period.
- China is mainly focusing on increasing the production and sales of electric vehicles in the country. For this purpose, the country has planned to increase the production of electric vehicles (EVs) to 2 million a year by 2020, and 7 million a year by 2025. The target, if achieved, is expected to increase the share of electric vehicles to 20% of the total new car production for China, by 2025.
- Specialty polymers are widely used in the automotive, electronics, and semiconductors industries. Hence, with robust growth in these industries, and government support, the demand for specialty polymers is projected to increase at a healthy pace during the forecast period

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Specialty Polymers market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Specialty Polymers market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Specialty Polymers market.

Market Segments: This part of the report discusses product type and application segments of the global Specialty Polymers market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Specialty Polymers used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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