Polymer Blends and Alloys Market Forecast | 2022-2028
Polymer Blends and Alloys Market Size, Share, Trend, Forecast, & Industry Analysis – 2022-2028 See less
Polymer Blends and Alloys Market Size, Share, Trend, Forecast, & Industry Analysis – 2022-2028
The Polymer Blends and Alloys Market is Segmented by Product Type (PC-based Blends and Alloys, PPO/PPE-based Blends and Alloys, and Others), by Application Type (Automotive, Electrical & Electronics, Consumer Goods, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Polymer Blends and Alloys Market was estimated to grow from USD 3.47 billion in 2021 to USD 5 billion by 2028 at a CAGR of over 5.24% during the forecast period.
Increasing demand from various end-use industries, gradual shift from traditional polymers to blends and alloys, and growing interest towards polymers with superior combination of properties at affordable price are the key driving forces fueling the market for polymer blends and alloys.
Polymer Blends and Alloys Market - Snapshot
CAGR of 5.24% for the next five years
Major Product Type
PC-based Blends and Alloys
Dominant Application Type
Region with the highest demand
Asahi Kasei Chemical Corporation, A. Schulman, Inc., BASF SE, CHI MEI Corporation, Covestro AG, Daicel Polymer Ltd., DuPont de Nemours, Inc., JSR Corporation, Mitsubishi Engineering Plastics, and SABIC.
Polymer Blends and Alloys are the mixtures of two or more structurally different polymers which lead to a new product with a modified array of properties.
Polymer blends and alloys are of different types, such as PC-based and PPO/PPE-based, that are used in various applications, such as automotive, electrical and electronics, consumer goods, construction, and others.
The market is segmented as PC-based blends and alloys, PPO/PPE-based blends and alloys, and others. PC-based blends and alloys dominated the market in 2021, and are expected to remain dominant during the forecast period. High performance of polycarbonate thermoplastics, well known for their strength, toughness, and optical transparency makes them a perennial choice in various applications for a wide range of industries such as automotive, electrical & electronics, and construction. They are largely used with various polymer blends such as PC/PBT, PC/PE, PC/ABS, PC/PE, PC/PET, etc. for improving their limiting factors such as chemical functionality, melt viscosity, and hydrophobicity.
The market is segmented as automotive, electronics, consumer goods and others. The automotive segment dominates the market, driven by the ability of polymer blends and alloys to achieve weight reductions, cost savings, and deliver impressive mechanical and chemical properties as desired by the industry. Electrical & electronics is also likely to offer sizeable opportunities in the market during the forecast period.
Asia-Pacific is estimated to be the largest as well as fastest-growing market during the forecast period, with China, Japan, and India, being the key countries with lucrative growth opportunities. The region has a greater number of players and has comparatively high competition when compared to the developed western economies. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
Some of the major polymer blends and alloys market participants include-
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
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The market is expected to witness an impressive growth of 5.24% CAGR in the foreseeable future.
Asahi Kasei Chemical Corporation, A. Schulman, BASF SE, CHI MEI Corporation, Covestro AG, Daicel Polymer Ltd., DuPont de Nemours, Inc., JSR Corporation, Mitsubishi Engineering Plastics, and SABIC are among the key players in the market.
Asia-pacific is expected to be the largest market during the next five years.
PC-based blends and alloys are expected to remain dominant in the market during the next five years.
The automotive segment dominates the market.
Increasing demand from various end-use industries, gradual shift from traditional polymers to blends and alloys, and growing interest towards polymers with superior combination of properties at affordable price are the factors driving the market growth.
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