openPR Logo
Press release

Global Polymer Market is expected to reach a value of USD 1000.73 Billion by 2028, at a CAGR of 5.20% over the forecast period (2022 - 2028)

09-21-2022 12:19 PM CET | Industry, Real Estate & Construction

Press release from: SkyQuest Technology

Global Polymer Market is expected to reach a value of USD 1000.73

Technological developments are giving rise to innovations even in the global polymer industry. Different polymers such as polymer additives used in 3D printing, water-soluble polymers, super absorbent polymers, dispersible polymer powders are replacing the traditional polymer. For instance, the water-soluble polymer is not only environmentally friendly but will also replace Aluminum vaporizing in the food packaging industry. This will, in turn, save costs. Thus, players now must consider these changes and reinvent their product portfolios.

Stringent regulations by regulatory authorities over the excessive use of polymers are now in place and affecting the global polymer market. For instance, an initiative launched by the UN, the clean seas campaign, urges the government to impose polymer reduction policies and encourages industries to reduce the use of polymers. Further, a ban on exporting plastic for recycling will force a move towards using non-polymer-based products. Hence, reducing the growth potential of the polymer industry. Although there is growing competition in the global polymer market, the market remains fragmented.

Get Detailed Information Here: https://skyquestt.com/report/polymer-market

Polymer has several helpful qualities that make it suited for a wide range of end-use industry applications. It has low strength and hardness but is exceedingly ductile and impact resistant; it will stretch rather than shatter. Polymer-based goods are good electric insulators, giving resistance to electric treeing, although they can get electrostatically charged. As a result of these features, demand for Polymer is increasing in a variety of industries, including automotive, electrical and electronics, food and beverage, and consumer products. The expanding demand casts a positive light on the global polymers market and secures its prospects in the next few years. Manufacturers in the automobile sector are concentrating on boosting vehicle economy by lowering vehicle weight. Polymer material is selected because it is lightweight and has excellent sealing, rigidity, and sealing qualities. Polymer consumption in the food and beverage sector is increasing rapidly due to rising demand for food and beverage packaging materials. Manufacturers want effective packaging to limit the risk of food contamination and quality loss. Polymer is increasingly being used in fashion, sports, and toys due to its capacity to withstand physical pressures, give flexibility in packaging, and allow for easy product shaping.

Read market research report, "Global Polymer Market segmented By Type (Thermoplastics, Thermosets, Elastomers), Base Material (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polystyrene, Polyurethane), By Application (Packaging, Construction, Automotive, Agriculture, Electrical & Electronics, Textile) & By Region - Forecast and Analysis 2022-2028" by SkyQuest

Click Here to Download and Understand Latest Key Trends: https://skyquestt.com/sample-request/polymer-market

Polymer applications in agriculture are expanding because of an increased need for drippers, microtubes, nozzles, and emitting pipes in irrigation fields. As a result, the growing use of polymers in the automotive, electrical and electronics, food and beverage, and consumer goods sectors is boosting the global Polymers Market share.

The global economy was interrupted by the emergence of COVID-19 in 2020. The market was severely impacted, and production and manufacturing operations were closed down. Furthermore, the big market participants purposefully suspended production in order to protect their employees' health and well-being. However, the epidemic is gradually receding, and various techniques are being sought to mitigate its consequences. Since the latter part of 2020, there has been a robust rebound in the key end-use industries, which is expected to enhance the global polymer market in the future years.

The Asia Pacific area has consumed the bulk of polymers due to steady increases in downstream capabilities by emerging nations such as India and Japan. Furthermore, the fast growth of the electrical and electronic sectors in the Asia-Pacific area is increasing the demand for polymers. The restriction and rigorous regulations on new capacity increases in the western area have driven some corporations to establish their production base in the Asia Pacific region, which has supported the continuous increase in polymer manufacturing capabilities.

In line with the forecast, numerous new manufacturers debuted in the global market to earn significant income despite its high demand. Amid the rapid rise of plastic products, a few well-known corporations have declared plans to expand their existing polymer capacity over the next five years. Because crude-based polymers continue to be harmful to the environment, various groups have formed to develop bio-based and eco-friendly polymer materials with equivalent qualities. Additionally, producers are improving their technology in order to improve the production, quality, and cost of polymer materials.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

Speak with our analyst for more information: https://skyquestt.com/speak-with-analyst/polymer-market

What does this Report Deliver?
Market Estimation for 20+ Countries
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global and Country Polymer Market Trends
Comprehensive Mapping of Polymer Industry Parameters
Attractive Investment Proposition
Competitive Strategies Adopted by Leading Polymer Market Players
Polymer Market drivers, restraints, opportunities, and impact on the market
Polymer Market growth rate till 2028
Regulatory scenario, regional dynamics, and Polymer market insights of leading countries in each region
Segment trends and analysis
Polymer Market Opportunity analysis by region and country
Polymer Market Segmentation opportunity and growth
Porter's five force analysis to know the market's condition
Pricing analysis
Parent market analysis
Product portfolio benchmarking

SkyQuest has segmented the Global Polymer Market by Type, Base Material, Application, and Region:
Global Polymer Market by Type (Revenue, USD Billion, 2021 - 2028)
Thermoplastics
Thermosets
Elastomers
Global Polymer Market by Base Material (Revenue, USD Billion, 2021 - 2028)
Polyethylene
Polypropylene
Polyvinyl Chloride
Polyethylene Terephthalate
Polystyrene
Polyurethane
Global Polymer Market by Application (Revenue, USD Billion, 2021 - 2028)
Packaging
Construction
Automotive
Agriculture
Electrical & Electronics
Textile
Global Polymer Market by Region (Revenue, USD Billion, 2021 - 2028)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of CSA
Middle East & Africa
GCC Countries
South Africa
Rest of MEA

List of Key Players of Polymer Market
LyondellBasell Industries N.V. (Netherlands)
BASF SE (Germany)
SABIC (Saudi Arabia)
Dow Inc. (US)
DuPont de Nemours, Inc. (US)
Evonik Industries (Germany)
Sumitomo Chemical Co., Ltd. (Japan)
Arkema (France)
Celanese Corporation (US)
Eastman Chemical Company (US)
Mitsui & Co. Plastic Ltd. (Japan)

About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Polymer Market is expected to reach a value of USD 1000.73 Billion by 2028, at a CAGR of 5.20% over the forecast period (2022 - 2028) here

News-ID: 2743556 • Views:

More Releases from SkyQuest Technology

ATM Market Investment Outlook 2025-2032: Opportunities Across Value Chain
ATM Market Investment Outlook 2025-2032: Opportunities Across Value Chain
In recent years, the global ATM Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on ATM Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis,
Data Center Colocation Market Opportunities and Forecast 2025-2032: M&A, Partnerships & Innovation
Data Center Colocation Market Opportunities and Forecast 2025-2032: M&A, Partner …
In recent years, the global Data Center Colocation Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Data Center Colocation Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including
Risk Analytics Market Intelligence Report 2025-2032: Business Models and Competitive Benchmarking
Risk Analytics Market Intelligence Report 2025-2032: Business Models and Competi …
In recent years, the global Risk Analytics Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Risk Analytics Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five
Warehouse Robotics Market Comprehensive Report 2025-2032: Key Segments and Growth Potential
Warehouse Robotics Market Comprehensive Report 2025-2032: Key Segments and Growt …
In recent years, the global Warehouse Robotics Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Warehouse Robotics Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five

All 5 Releases


More Releases for Polymer

Acrylic Polymer Market
𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐚𝐜𝐫𝐲𝐥𝐢𝐜 𝐩𝐨𝐥𝐲𝐦𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐚𝐩𝐩𝐫𝐨𝐱𝐢𝐦𝐚𝐭𝐞𝐥𝐲 𝐔𝐒𝐃 𝟐𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐 𝐚𝐧𝐝 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒𝐃 𝟑𝟔.𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐚𝐭 𝐚 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐚𝐧𝐧𝐮𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟔.𝟒% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟑𝟐. 𝐀𝐜𝐫𝐲𝐥𝐢𝐜 𝐏𝐨𝐥𝐲𝐦𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 The acrylic polymer market has experienced significant growth due to its versatile applications across various industries, including paints and coatings, adhesives, textiles, and construction. Acrylic polymers are favored for
Polymer Processing Aids: Enhancing Efficiency and Quality in Polymer Manufacturi …
Introduction Polymer Processing Aids (PPAs) are indispensable additives used to improve the efficiency, quality, and cost-effectiveness of polymer manufacturing. These aids, often added in small quantities, significantly enhance polymer production by reducing surface defects, improving flow properties, and reducing wear on manufacturing equipment. Their role is critical in enabling smooth, uninterrupted processing, leading to higher-quality end products and improved manufacturing productivity. With the ever-growing demand for polymers across industries like automotive,
Polymer Chameleon Market : An Overview
Introduction: Polymer chameleons, also known as stimuli-responsive polymers, are smart materials that change their physical or chemical properties in response to external stimuli such as temperature, light, pH, or humidity. These materials are designed to respond to specific environmental changes, making them valuable in a wide range of applications, including healthcare, packaging, textiles, and environmental engineering. The unique characteristics of polymer chameleons have made them highly sought-after in industries that require
What Are Lithium Polymer? Information About Lithium Polymer Batteries Guide
Did people know that Lithium Polymer power over 80% of the drones used in recreational and commercial applications today? Lithium Polymer (LiPo) batteries have become a staple in modern electronics. From powering smartphones and laptops to energizing drones and electric vehicles, these batteries offer a blend of high energy density and flexibility that makes them ideal for a wide range of applications. In this article, we'll dive deep into what
Custom Polymer Synthesis Market 2023 Will Record Massive Growth, Trend Analysis …
The Custom Polymer Synthesis Market Trends Overview 2023-2030: A new Report by Stratagem Market Insights, titled "Custom Polymer Synthesis Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," offers a comprehensive analysis of the industry, which comprises insights on the Custom Polymer Synthesis market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. This report has a complete table of contents, figures, tables, and charts,
Advanced Polymer Composites Market Share and Growth | Advanced Polymer Composite …
The advanced polymer composites market size is predicted to show rapid expansion due to the rising adoption of advanced polymer composites by the automotive sector. Fortune Business InsightsTM has presented this information in its upcoming report titled, "Advanced Polymer Composites Market, 2022-2029". Advanced polymers, on the other hand, offer high stiffness, mechanical strength, and other qualities, making them an excellent alternative for the automobile industry. COVID-19 Impact - Over the last few