Plastomers Market by Application and Geography - Forecast and Analysis 2021-2025

The plastomers market size has the potential to grow by USD 1451.50 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.61%.  This report provides a detailed analysis of the market by application (food packaging films, polymer modification, automotive, non-food packaging films, and others), geography (North America, Europe, APAC, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

• 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.
• Westlake Chemical Corp.

 

The plastomers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as growing demand from emerging regions to achieve growth opportunities. However, factors such as high threat of substitutes will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the plastomers market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies, 

This plastomers market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities. 

Plastomers Market: Key Drivers and Trends

The increasing demand for plastomers from emerging countries is one of the primary factors driving the plastomers market growth. Several developing countries such as Brazil, China, Indonesia, South Korea, Russia, Turkey, Mexico, and India have a high demand for plastomers. This is owing to the availability of cheap labors, low costs of transportation, and relatively less stringent government norms in these countries. Plastomers have the unique ability to bridge the gap between elastomers and plastics and they can be manufactured by retaining their elastic properties similar to plastics.

The growing penetration of plastomers into new sectors is one of the key plastomers market trends. Plastomers provide unique advantages such as scalability, flexibility, sturdiness, and electrical resistance. The benefits are compelling the vendors to focus on expanding their application markets for plastomers. The beneficial features can help vendors in venturing into untapped markets such as the construction industry. The use of plastomers is explored in several applications such as roof linings, side panels, roofing solutions.

 

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Plastomers Market: Segmentation by Geography

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31% of the market’s growth will originate from North America during the forecast period. The US is a key market for plastomers in North America. Market growth in this region will be slower than the growth of the market in APAC and MEA.

The growth of the packaging industry in the US is one of the prime factors that will facilitate the plastomers market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Plastomers Market: Segmentation by Application

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The use of plastomers helps in extending the shelf life of different types of food and beverages. Also, plastomers preserve the quality and flavor of food and beverages, besides providing an airtight seal that prevents further oxidation of the contents inside the package. These factors have been driving the plastomers market share growth by the food packaging films segment.    

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the plastomers market size.  

 

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Plastomers Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive plastomers market growth during the next five years
• Precise estimation of the plastomers market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the plastomers industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of plastomers market vendors

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