Title: Polymers Market - Forecast, 2020-2025
1Polymers Market Market size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- Polymers Market size is forecast to reach around
750 billion by 2025, after growing at a CAGR of
5.1Â during 2020-2025. Polymer is one of the
widely used chemical products in almost all the
sectors such a medical, aerospace, packaging,
automotive, construction, electrical appliances,
and medical sector, and consequently, the global
polymers market is thriving. Polymers are used
widely as a substitute of metal and mineral based
products due to its high performance,
cost-effectiveness, and low weight.  Increase in
the retail sector and prospering e-commerce
industry is demanding for more packaging material
that is influencing the significance of the
polymers market.Â
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- Key Takeaways
- Fluctuation in international oil prices tend to
force companies to search for an alternative
stable source of the raw material for packaging,
which further provides lucrative opportunities
for the growth of Polymer industry. - Evolution of the natural and environment-friendly
polymers in the packaging sector for food
packaging, cosmetics packaging and pharmaceutical
packaging is driving the growth. - Comparatively lower awareness about the
biodegradable polymer in emerging nations like
India, Thailand, South Africa and Qatar are
hampering the market growth. -
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By Distribution Channel- Segment Analysis The
Polyethylene segment is projected to witness the
highest CAGR of 7.1 during the forecast period
owing to the rising demand from various end-use
industry. Whereas, growing uses of high-density
polyethylene (HDPE) and Low-density polyethylene
(LDPE) in food and beverage packaging like milk
and fruit juices, crates, caps for food
packaging, drums, and other liquid food packaging
and industrial packaging applications drive the
market growth. Construction industry is a major
consumer of polyethylene which is used in the
form of sheets, plates, films, foils, and strips
that offer plastic protection to floors.Â
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- Polymers Market OutlookÂ
- Â Â Dow Chemical Company
- LyondellBasell Industries N.V.
- Exxon Mobil Corporation
- SABIC
- BASF SE
- INEOS AG
- Eni S.p.A.
- Chevron Phillips Chemical Company LLC
- LANXESS
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Polymers Market -
Forecast, 2020-2025 Learn More About the Report
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ers-market
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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