Global Synthetic Polymers Market, By Type (Styrene Acrylic, Styrene Butadiene, Acrylic, Vinyl Acetate Copolymer, Polyvinyl Acetate, Vinyl Acetate Ethylene and Others), Application (Paints and Coatings, Adhesives and Sealants, Nonwovens, Carpets, Paper and Paperboard and Others), End Use Industry (Construction Sector, Automotive Industry, Electronics Sector, Textile Industry, Healthcare Sector and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Synthetic Polymers Market
The synthetic polymers market is expected to witness market growth at a rate of 5.6% in the forecast period of 2022 to 2029 and is expected to reach USD 39,400.0 million by 2029. Data Bridge Market Research report on synthetic polymers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the construction industry is escalating the growth of synthetic polymers market.
Polymers are known to be the chains of monomer units and the physical properties of final materials are determined by the structural and chemical composition of the chain. Synthetic latex is a laboratory-made aqueous dispersion of petroleum polymers. It is an artificially synthesized compound with high-strength, flexibility and water-resistance properties. These polymers are derived from styrene and butadiene using chemical catalysts obtained by the procedure of emulsion polymerization. Synthetic latex polymers are added to other compounds for the alteration of molecular weight and mechanical properties.
Major factors that are expected to boost the growth of the synthetic polymers market in the forecast period are the rise in the number of commercial and residential construction activities and increasing product demand for coatings and paints. Furthermore, the growing research and development activities is further anticipated to propel the growth of the synthetic polymers market. Moreover, rising requirement from the healthcare industry to manufacture latex-based surgical gloves, catheters, electrode pads, stethoscopes, elastic bandages and wraps is further estimated to cushion the growth of the synthetic polymers market. On the other hand, the plastic is non-decomposable because of the presence of several harmful chemical ingredients in the plastic is further projected to impede the growth of the synthetic polymers market in the timeline period.
In addition, the rise in the investment in the personal care and cosmetic industry will further provide potential opportunities for the growth of the synthetic polymers market in the coming years. However, the stringent regulations on harmful chemical ingredients might further challenge the growth of the synthetic polymers market in the near future.
This synthetic polymers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the synthetic polymers market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Synthetic Polymers Market Scope and Market Size
The synthetic polymers market is segmented on the basis of type, application and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the synthetic polymers market is segmented into styrene acrylic, styrene butadiene, acrylic, vinyl acetate copolymer, polyvinyl acetate, vinyl acetate ethylene and others.
- On the basis of application, the synthetic polymers market is segmented into paints and coatings, adhesives and sealants, nonwovens, carpets, paper and paperboard and others.
- On the basis of end use industry, the synthetic polymers market is segmented into the construction sector, automotive industry, electronics sector, textile industry, healthcare sector and others.
Synthetic Polymers Market Country Level Analysis
The synthetic polymers market is analysed, and market size, volume information is provided by country, type, application, and end use industry as referenced above.
The countries covered in the synthetic polymers market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the synthetic polymers market due to the rise in the disposable income. Furthermore, the easy accessibility of raw materials utilized to manufacture plastics will further boost the growth of the synthetic polymers market in the region during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Synthetic Polymers Market Share Analysis
The synthetic polymers market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the synthetic polymers market.
Some of the major players operating in the synthetic polymers market are Alberdingk Boley, Apcotex Industries Limited, Arkema, Arlanxeo, Asahi Kasei Corporation, BASF SE, 3M, Celanese Corporation, Dow, LG Chem., Lubrizol Corporation, Trinseo, Wacker Chemie AG, OMNOVA Solutions Inc., Goodyear Tire & Rubber Company, Lion Elastomers, Sumitomo Chemical Co., Ltd., ZEON Corporation, and Bangkok Synthetics Co., Ltd., among others.
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