Plastomers Market Report

Market Insights

The global plastomers market is expected to grow from USD 1.9 billion in 2022 to USD 2.75 billion by 2028, at an impressive CAGR of 6.25% during the forecast period. Increasing product demand from food packaging industry is majorly attributed to the surge in population in the Asia-Pacific region, which is likely to make significant contribution to the growth of the market during the forecast time period.

Segments' Analysis

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Plastomers Market Share: By Product Type

Based on the product type, the market is segmented into ethylene propylene, ethylene butene, ethylene hexene, and ethylene octene. The ethylene propylene segment is expected to grow at a strong rate during the forecast period. The growth of the segment is driven by its combination of excellent chemical and physical properties such as heat sealability, processability, softness, clarity, and compatibility in blends for films, sheets, and moulded products.

Plastomers Market Share: By Region

In terms of regions, Asia-Pacific led the market in 2022, and is expected to maintain its dominance during the forecast period. The region’s plastomers market is driven by the rapidly developing food, beverage, pharmaceutical, and personal care industries in the Asia-Pacific region. Furthermore, the region's ageing population and growing middle class population are likely to boost product demand over the forecast period. China and India are the growth engines of the region.

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Market Scope & Segmentation

Plastomers are polymer materials which combine qualities of elastomers and plastics, such as rubber-like properties with the processing ability of plastics. 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 plastomers market is segmented into the following categories. 

Plastomer Market Size, Share, & Forecast, by Product Type:

• Ethylene Propylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ethylene Butene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ethylene Hexene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ethylene Octene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Plastomer Market Size, Share, & Forecast, by Application Type:

• Adhesives (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Compounding Foams (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Food Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Non-Food Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wire & Cables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Plastomer Market Size, Share, & Forecast, 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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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 global plastomers market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market 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.

Report Customization Options

With this detailed report, 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.