Plastomers Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the plastomers market and it is expected to grow by $ 1451.50 million, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Plastomers Market: Key Trends to impact market growth
The Increased demand from the automotive sector is one of the key plastomers market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Plastomers Market: Top Drivers to Boost Demand
The Growing demand from emerging regions is one of the primary factors driving the growth of the plastomers market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Dow Inc., Exxon Mobil Corp. and INEOS Group Holdings SA are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Dow Inc., Exxon Mobil Corp., INEOS Group Holdings SA, LG Chem Ltd., LyondellBasell Industries NV, Mitsui Chemicals Inc., Royal Dutch Shell Plc, Saudi Basic Industries Corp., Sumitomo Chemical Co. Ltd., and Westlake Chemical Corp. are some of the major market participants.
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Plastomers Market: Key Highlights of the Report for 2021-2025
The Global Plastomers Market is expected to grow by USD 1451.50 million accelerating at a CAGR of almost 7% during the forecast period. Techanvio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Download our free sample report with COVID-19 analysis
Plastomers Market: Segmentation by Application
During 2019, the food packing films segment dominated the Global Plastomers Market in 2019. The use of plastomers helps in extending the shelf life of different types of food and beverages. Plastomers also preserve the quality and flavor of food and beverages, besides providing an airtight seal that prevents further oxidation of the contents inside the package. The increase in the use of polymers globally is expected to drive the demand for plastomers in food packaging film applications during the forecast period.
The market is driven by factors such as the growing demand from emerging regions. These emerging regions are turning into major markets for plastomers owing to the availability of cheap labor, low costs of transportation, and relatively less stringent government norms. Plastomers have the unique ability to bridge the gap between elastomers and plastics. They can be processed with ease like plastics while retaining their elastic properties. This property of plastomers makes them highly preferred for applications such as flexible packaging, foamed, molding, and extrusion processing of various products.
Plastomers Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Dow Inc., Exxon Mobil Corp., INEOS Group Holdings SA, LG Chem Ltd., LyondellBasell Industries NV, Mitsui Chemicals Inc., Royal Dutch Shell Plc, Saudi Basic Industries Corp., Sumitomo Chemical Co. Ltd., and Westlake Chemical Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
