Polymers Market Business Opportunities And Regional Outlook 2022

The research report "Polymers Market: By Type (Thermoplastics, Thermosets, Elastomers), By Base Material (Polyethylene, Polypropylene, Polyvinyl chloride, Polyethylene terephthalate, Polystyrene, Polyurethane, Others), By Process (Injection Molding, Extrusion, Others), By End-User Industry (Packaging (Rigid and Flexible), Building and Construction (Roofing, Windows, Flooring, and Others), Automotive (Engine, Tires, Body Panel, and Others), Electrical and Electronics, Agriculture, Medical/Healthcare Others) and Geography- Global/Region/Country Forecast to 2028." Polymers market size is valued at USD 578.6 billion in 2021 and is anticipated to value at a significant growth rate during the forthcoming years 2022-2028.

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An Overview on the Polymers Market:
This market report outlines unmet needs, drivers, restraints, and trends which are presently affecting the market. It tracks current innovations, key advancements and startup's details which are actively working in the market. The global market provides a comprehensive overview on the polymers market and can be classified on the basis of material, process and type. The polymers market has been categorized into Elastomers, Thermoplastics and Themosets based on type. In terms of type, the thermoplastics sector is likely to be the biggest and rapidly-growing sector. The polymer market is segmented into Polyurethane, Polyethylene, Polyvinyl chloride, Polypropylene and Polyethylene Terephthalate and others. Among all these sectors, one of the leading sectors anticipated to witness the rapidly growing market during the forecast period 2022-2028 is the Polyethylene sector. The polymers market is categorized into Extrusion, Injection Molding and others. Among all these segments, the injection molding segment witnesses the biggest share in the year 2021

Extrusion is the second-biggest share during the forthcoming years 2021-2028. The polymer market is categorized into different segments, such as Agriculture, Medical/Healthcare, Building and Construction (Flooring, Roofing, Windows and Others), Packaging (Flexible and Rigid), Electrical and Electrical and Electronics and Automotive (Body Panel, Engine, Tires and Others). Evonik Industries AG (Germany) has started production at new multi-purpose silicone facility in Germany in July 2020. Producing the silicones and silyl-terminated polymers (SMP's) used for example, in parquet adhesive flooring, liquid membranes for roofing or electronical potting applications.

One of the major factors fuelling the market growth is environmental rules in European and North American economies for the use of isocyanate-free and solvent adhesives. The construction and building segment is expecting a boom during the evaluation period and will lead an increase in the demand for Polymers.

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North America accounted for major share in the Polymers Market:
The polymers market report provides a complete outlook around the region making complete focus on the leading regions such as Asia Pacific, Latin America, North America, Europe, Middle East and Africa. Among all these regions, North America accounted major share in the polymers market.

Competitive Analysis - Polymers Market:
A few major players opearting in the polymers market are SABIC, BASF SE, INEOS AG, Eni S.p.A., and Chevron Phillips Chemical Company LLC. These key players focus on following strategies such as mergers, acquisitions, major collaborations and novel product launches to strengthen their product offering and their position in the market.

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