Chemical

According to a market report by Lucintel, the future of the global specialty polymer market looks promising with opportunities in the automotive, building and construction, adhesive and sealant, electrical and electronic, medical, aerospace, and marine industries. The global specialty polymer market is expected to reach and estimated $67.8 billion with a CAGR of 7.3% from 2023 to 2028. The major drivers for this market are increasing applications in the construction and electronic industries, growing demand for high-performance polymers in specialized settings to ensure high endurance, thermal stability, corrosion resistance, and resistance to wear.



In this market, specialty elastomers, specialty composites, specialty thermoplastics, and specialty thermosets are different types of specialty polymer. Lucintel forecast that specialty elastomers will remain the largest type segment over the forecast period because they have exceptional quality of returning to their original size and shape after being greatly stretched, and they are found naturally as it is made up of natural rubber. It also ensures high tensile and tear strength and exceptional fatigue resistance.



Within this market, automotive segment is anticipated to record the highest growth over the forecast period due to rise in demand for lightweight and fuel-efficient cars, which has led to increased use of these polymers in automotive parts to replace heavy metals. Thus, the demand for specialty polymer materials is increasing with rising sales of vehicles globally.



APAC is expected to witness the highest growth during the forecast period due to the expansion of construction, automotive and electrical industries along with increasing investment of Government on infrastructural development in countries like China and India.

3M, Arkema Group, BASF, Evonik Industries, Solvay Group, Croda International, and Clariant are the major suppliers in the global specialty polymer market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global specialty polymer market by type, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Specialty Polymer Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global specialty polymer market by type, end use industry, and region, as follows:

This more than 150-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 email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel 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.

 

Q.1. What are some of the most promising, high-growth opportunities for the global specialty polymer market by type (specialty elastomers, specialty composites, specialty thermoplastics, specialty thermosets, and others), end use industry (automotive, building and construction, adhesives and sealants, electrical and electronics, medical, aerospace, marine, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the 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 key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?