Polymer Blends and Alloys Market Forecast | 2022-2028

Market Insights

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.

Market Drivers

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.

What is Polymer Blends and Alloys?

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.

Segment Analysis

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Product Type

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.

Application Type

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.

Regional Analysis

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.

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Segmentation

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. 

by Product Type:

• PC-based Blends and Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• PPO/PPE-based Blends and Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

by Application Type:

• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electrical and Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major polymer blends and alloys market participants include-

• 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
• SABIC.

Research Methodology

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.

Report Features

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:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com