Plastics, Polymers, and Elastomers
Plastic, polymers, and elastomers find extensive applications in a wide range of industries, which explains the growth trends in this market. The analysts at Technavio study the applications of these products across various industries to analyze the trends which are influencing this particular market space on a global level. By taking several market insights into consideration along with the use of the latest analytical tools and factual data, each report curated by our industry experts offer a comprehensive picture of the growth trends, drivers, and challenges in the plastic, polymers and elastomers industry. Due to in-depth knowledge on each vertical in this industry, our research analysts develop reports that capture both the micro and macro aspects of the plastic, polymers, and elastomers segment.
To meet the client’s specific business requirements, this upcoming market research report on aromatic ketone polymers takes into account the growth pattern of the markets that are closely related. Such an analysis includes a study on markets like plastomers and biosolids, which are expected to grow
Overview of the global polyphenylene sulfide market
According to Technavio’s analysts, the global polyphenylene sulfide market is anticipated to grow at a steady rate and post a CAGR of close to 10% during the forecast period. The increasing demand for PPS filter bags in power plants will drive the growth prospects for the global polyphenylene sulfide market until the end of 2021. The governments of many countries have mandated the usage of filter bags in power plants to reduce the harmful effects of greenhouse gases and control their emission. As a result, the demand for PPS increases as it is used in the filters required in coal-fired power plants and dust chamber filters in incinerators. Also, since PPS has cost advantages over PTFE, polyamides, and aramid, they are increasingly preferred over other fibers. Furthermore, it has been observed that PPS filter bags have a longer service life in comparison to glass fiber filter bags.
The growing focus on the production of bio-based engineering plastics will drive the growth prospects for the global polyphenylene sulfide market for the next four years. Several key players are adopting bio-based plastics to minimize the harmful effects of plastics on the environment, which will accelerate the rate of revenue generation in the global polyphenylene sulfide market. Evonik already provides bio-based polyamides under the brand name Vestamid Terra.
Competitive landscape and key vendors
The global PPS market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. According to the industry research report, these vendors are increasingly competing against each other based on
Overview of the global PET market
The global polyethylene terephthalate market is anticipated to grow at a steady rate and will post a CAGR of more than 7% during the forecast period. The growing demand for the sustainable and recyclable material will drive the growth prospects for the global PET market until the end of 2021. Some of the major properties of PET as a packaging material are recyclability, strength, and versatility, which drives the demand for these products. Also, it is a petroleum based product, which exhibits less environmental impact than aluminum, glass, and other packaging materials and are energy efficient due to its excellent capacity-to-weight ratio. Furthermore, since it is capable of accommodating more number of products in less packaging space and uses less weight and fuel for transportation, the market is experiencing a continual growth at present.
The increasing use of bio-based PET products will drive the growth prospects for the global PET market for the next four years. Some of the major factors responsible for the growing emphasis on sustainability of environment by using eco-friendly packaging materials is the growing concern towards the need to reduce pollution.
Competitive landscape and key vendors
The global PET market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors are increasingly focusing on offering innovative products to expand their customer base.
Key vendors in this market are -
Overview of the global rigid transparent plastics market
The global rigid transparent plastics market is anticipated to grow at a steady rate and will post a CAGR of close to 6% during the forecast period. The recyclable property of rigid plastics will drive the growth prospects for the global rigid transparent plastics market until the end of 2021. Plastics are increasingly used for packaging or other purposes and is a mass consumption product with a shorter lifespan. Also, the waste generated in the form of discarded plastic products have an adverse effect on the environment. Consequently, a large number of manufacturers are focusing on the re-use and recycling of plastic solutions to offer efficient waste management solutions. One such waste management solution is the manufacture of rigid plastics that are recyclable in nature and are less harmful to the environment in comparison to plastics that cannot be recycled. Furthermore, the increasing government initiatives to use the recyclable plastics will further drive the growth of the rigid transparent plastics market.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next four years. The market witnessed a high demand for rigid transparent plastics for packaging applications mainly from China, Cambodia, and Vietnam, which will drive the market’s growth in the region. Some of the major factors responsible for the growing demand for rigid transparent plastics in this region is the increasing awareness and growing
Overview of the global polymer foam market
Technavio’s market research analyst predicts the global polymer foam market to grow steadily at a CAGR of above 8% by 2021. One of the primary factors driving this market’s growth is the surge in building and construction activities around the world. The global construction industry has witnessed exponential growth during the last decade. During 2016, the growth of the polymer foam market was the primarily driven by worldwide construction, improvement in living standards, and urbanization. Sustained increase in residential construction has been driven by investment in physical infrastructure, which has also led to occupation generation, an increase in production efficiency, reduction in the cost of conducting business, and improvement in the standard of living. Moreover, the rapid development of megacities in both developed and emerging markets are reflecting changes in economic and demographic trends that will create enormous opportunities for new infrastructure development and increased spending on infrastructure projects. These developments will, in turn, contribute to the growth of the polymer foam market in the coming years.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. A growing population, economic growth, and the rising disposable incomes of the people in India, the Philippines, Malaysia, China are the primary factors fostering the growth of many applications of polymer foams in APAC. Also, China, Japan, India, and South Korea are expected to increase their market share in the automotive manufacturing industry in the coming years. This increase in production activities of automotive will
Overview of the global medical polymers market
Technavio’s market research analyst predicts the global medical polymers market to grow at a CAGR of more than 8% between 2017 and 2021. Polymers have extensive usage in the medical industry, including implants, diagnostic systems, and accessories. Medical polymers are lighter in weight as compared with other counterparts such as metals and are preferred for lightweight applications. Medical polymers are primarily used to manufacture intraocular lenses, vascular grafts, contact lenses, breast implants, facial implants, prosthetic heart valves, catheters, dental implants, and vascular skin implants. One of the latest developments in the market is the rising demand for smart polymers in medical applications. Smart polymers act as therapeutic agents, tissue engineering scaffolds, cell culture supports, and bio-separation devices. The use of biodegradable polymers is also gaining momentum specifically in ophthalmic, cardiovascular, and drug delivery systems. For instance, TYRX is working on a biodegradable polymer technology for hernia repair devices.
In terms of geography, the Americas is anticipated to grow at a fast pace during the forecast period and will maintain its dominance in the global market. With the surge in government initiatives to improve the public healthcare systems, vendors in the market are
Plastics are materials composed of synthetic or semi-synthetic organics that can be shaped into solid objects of diverse purposes. Polymers are molecules composed of many repeated subunits. Elastomers are polymers have viscosity, elasticity, and very weak intermolecular forces.