Plastomer Market Size, Share, Scope, Key Players, Analysis and Forecast by 2026

According to IMARC Group's latest report, titled "Plastomer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global plastomer market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Plastomer is a polymer material that has the combined properties of elastomer and plastics. It is an ethylene-alpha olefin copolymer with a rubber-like structure and the processing ability of plastic. It is obtained from raw materials such as crude oil and natural gas; wherein short-chain hydrocarbons are polymerized in the presence of catalysts to form long-chain polymers. Plastomer offers high scalability, flexibility, sturdiness, impact strength, excellent clarity, gloss, and increased electrical resistance. As a result, it finds application in the film- and non-film-food packaging, film-stretch, shrink film, automotive, polymer modification, wires and cables, roof lining, agriculture, and medical industries.

Market Trends and Drivers:

The global plastomer market is primarily driven by its increasing demand from the packaging industry due to its heat seal properties and improved toughness. Besides this, the significant growth of the food and beverage industry has fueled the demand for plastomers as they help maintain the freshness of food products for a longer duration. In addition to this, plastomers are used for the modification of vehicles in the automotive industry. Furthermore, the growing application of plastomers in the healthcare sector for manufacturing intravenous (IV) bags, continuous ambulatory peritoneal dialysis pouches, pharmaceutical ingredient bags, and packaging for bioreactors is significantly impacting the market growth.

Plastomer Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the plastomer market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Alpha Group
Borealis AG
Exxon Mobil Corporation
LG Chem Ltd.
Mitsui Chemicals Inc.
Saudi Basic Industries Corporation (SABIC)
SK Group
Sumitomo Corporation
The DOW Chemical Company

Key Market Segmentation:

The report has segmented the global plastomer market on the basis of application, processing method and region.

Breakup by Application:

Film-based Food Packaging
Film-based Non-food Packaging
Stretch-film and Shrink-film Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others

Breakup by Processing Method:

Blow Film Extrusion
Cast Film Extrusion
Extrusion Coating
Injection Molding
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.