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.
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.
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
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.