According to a new market report published by Lucintel, the global functional polymer market looks promising with opportunities in the packaging, electrical and electronics, automotive, construction, consumer goods, medical, industrial, and others industries. The global functional polymer market is expected to reach an estimated $7.1 billion by 2023 with a CAGR of 5.6% from 2018 to 2023. The major drivers for this market are increasing demand for packaging and growth in the electrical & electronics and consumer goods industries.
Browse 84 market data tables and 113 figures spread through 177 pages and in-depth TOC on “Global Functional Polymer Market”
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In this market, different types of functional polymer such as PP, PE, polyolefin, epoxy, PU, polyamide, polyester, EVA, acrylic, butadiene, and others are used as polymer type. Lucintel forecasts that the polyethylene segment will remain the largest polymer type by value and volume over the forecast due to growth in packaging, pipe & tank, and wire & cable market.
Within the global functional polymer market, packaging is expected to remain the largest end use industry and witness the highest growth in the forecast period due to its ability to provide product appearance, scratch resistance, and adhesion properties.
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Asia Pacific is expected to remain the largest region by value and volume; it is also expected to witness the highest growth over the forecast period due to increasing automotive production and growth in construction, electrical & electronics and consumer goods industry.
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An emerging trend, which has a direct impact on the dynamics of the functional polymer industry, includes increasing demand of functional polymers in stretchable and printable electronics applications. Evonik, DowDuPont, BASF, Toyobo, Showa Denko, Tosoh, Adeka, Solvey and Nikki Forn and others are among the major functional polymer manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global functional polymer market by end use industry, polymer type, functional group, process type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Functional Polymer Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global functional polymer market by end use industry, polymer type, functional group, process type, and region as follows:
By End Use Industry (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
- Automotive
- Packaging
- Electrical and Electronics
- Construction
- Consumer Goods
- Medical
- Industrial
- Others
By Polymer Type (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
- PP
- PE
- Polyolefin
- Epoxy
- PU
- Polyamide
- Polyester
- EVA
- Acrylic
- Butadiene
- Others
By Functional Group ($M shipment analysis for 2012 – 2023):
- Anhydride based Functional Polymer
- Silicone based Functional Polymer
- Hydroxyl based Functional Polymer
- Urethane based Functional Polymer
- Methoxy based Functional Polymer
- Ethyl Acetate based Functional Polymer
- Ester based Functional Polymer
- Others
By Process Type (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
- Direct Functionalization
- Post Functionalization
By Region (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
- North America
- Europe
- Asia Pacific
- The Rest of the World
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This 177-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/functional-polymer-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global functional polymer market to 2023 by end use industry (automotive, packaging, electrical and electronics, construction, consumer goods, medical, industrial, and others), polymer type (PP, PE, polyolefin, epoxy, PU, polyamide, polyester, EVA, acrylic, butadiene, and others), functional group (anhydride based functional polymer, silicone based functional polymer, hydroxyl based functional polymer, urethane based functional polymer)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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