Plastomer Market

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MarketsandMarkets Presents

Plastomers Market by Application (Film-Food
Packaging, Film-Non-Food Packaging, Film-Stretch
Shrink Film, Automotive, Wires Cables,
Polymer Modification, Medical and Others) and
Region (Asia-Pacific, North America, Europe and
Row) - Global Forecast to 2020", The plastomers
market size is estimated to grow from USD 3.73
Billion in 2015 to USD 5.33 Billion by 2020, at a
CAGR of 7.4 between 2015 and 2020

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• The market is driven by increasing demand for
  plastomer products in emerging markets and high
  demand from the packaging industry. Among all
  regions considered, Asia-Pacific and RoW are
  projected to witness high growth in the next five
  years. The demand in these regions is supported
  by emerging markets such as China, India, Brazil,
  and Mexico.
• Packaging is the largest application of
  plastomers
• The growing popularity of plastomers over
  conventional polymers in various applications
  plays a significant role in driving the market.
  Packaging, automotive, and polymer modification
  are the most important applications of
  plastomers. The packaging industry is the major
  revenue contributor of the market, as packaging
  applications, including food, non-food, and
  stretch shrink film, constituted of maximum
  share of the total market in 2014. High-quality
  packaging not only improves the shelf life of
  food and beverages but also maintains their
  quality and freshness. The packaging industry is
  growing at steady rate globally, with emerging
  countries witnessing high growth potential

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Rising demand in Asia-Pacific is a major driver
for growth of the plastomers market In 2015,
North America is estimated to account for the
largest market share, in terms of volume.
However, the robust demand in Asia-Pacific is
expected to be the major driving factor for the
growth of the global plastomers market. The
growth is led by the developments in packaging,
automotive, polymer modification, and several
other areas in which plastomers are used due to
their specific operation. China is one of the
leading markets of plastomers at the global
level. The markets in other emerging economies
such as, India, and Mexico are also projected to
grow rapidly. The players profiled in the
plastomers market report are The Dow Chemical
Company (U.S.), Saudi Basic Industries Limited
(SABIC) (Saudi Arabia), Borealis AG (Austria),
Mitsui Chemicals (Japan), LG Chem Limited (South
Korea), ExxonMobil (U.S.), Sumitomo Corporation
(Japan), SK Group (South Korea), Plastomer
Corporation (U.S.), and Alpha Group
(India)   Speak to Analyst http//www.marketsandm
arkets.com/speaktoanalyst.asp?id231187621
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