Specialty polymers market is expected to witness significant growth owing to increasing applications in electronics and construction industry mainly in Asia Pacific.
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Specialty Polymers Market Size, Segmentation To 2020: Grand View Research, Inc.
1. Specialty Polymers Market Analysis, Market Size,
Application Analysis, Regional Outlook, Competitive
Strategies And Forecasts, 2015 To 2022
Specialty polymers market is expected to witness significant growth owing to
increasing applications in electronics and construction industry mainly in Asia
Pacific. In addition, growing usage of specialty polymers in wide range of
industries including pharmaceutical, automotives and cosmetics is expected to
drive demand over the next six years. Increasing consumption in automotive
applications primarily in engineering thermoplastics and specialty films is expected
to augment market growth. Asia Pacific is expected to show lucrative growth on
account of economic development along with increasing disposable income,
thereby contributing to the growth of numerous industries including automotive,
construction and infrastructure in China and India.
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polymers-market
Moreover, increasing high government spending on infrastructure and robust
industrialization in the region is expected to stimulate market growth. However,
volatility in raw material prices fluctuation in prices of raw materials is expected to
restrain market growth over the next six years. Rising demand for high
performance polymers as a result of its superior properties including corrosion
resistance, resistance to wear, endurance limit, electrical insulation and thermal
stability is expected to propel market growth over the forecast period.
3. Key market players include Evonik Industries, Ashland, BASF, Croda, Specialty
Polymers Inc., PolyOne, The Dow Chemical Company,, Solvay Group, 3M,
Alpek, AmeriLux International, A.Schulman, DSM and Arkema. Solvay Group
offers a wide range of innovative specialty polymers for sustainable and green
coatings. In December 2014, Solvay introduced a wide range of water-based
(PVDC) polymers primarily for marine and protective coatings industry. BASF
offers wide range of polymers used in pharmaceuticals and cosmetic industry.
DSM provides polymers which find applications in medical devices and healthcare
consumer products.
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4. About Grand View Research
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company offers market intelligence studies ensuring relevant and fact-based
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healthcare and energy.
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