HOME Press Releases Plastomers Market worth 5.33 Billion USD by 2020



Plastomers Market worth 5.33 Billion USD by 2020


The report "Plastomers Market by Application (Film-Food Packaging, Film-Non-Food Packaging, Film-Stretch & Shrink Film, Automotive, Wires & Cables, Polymer Modification, Medical and Others) and Region (Asia-Pacific, North America, Europe and Row) - Global Forecast to 2020", The plastomers market size is estimated to grow from USD 3.73 Billion in 2015 to USD 5.33 Billion by 2020, at a CAGR of 7.4% between 2015 and 2020.

                       Request Sample                        Request Sample

Browse 73 market data Tables and 40 Figures spread through 124 Pages and in-depth TOC on "Plastomers Market by Application (Film-Food Packaging, Film-Non-Food Packaging, Film-Stretch & Shrink Film, Automotive, Wires & Cables, Polymer Modification, Medical and Others) and Region (Asia-Pacific, North America, Europe and Row) - Global Forecast to 2020"
http://www.marketsandmarkets.com/Market-Reports/plastomers-market-231187621.html
Early buyers will receive 10% customization on reports.

The market is driven by increasing demand for plastomer products in emerging markets and high demand from the packaging industry. Among all regions considered, Asia-Pacific and RoW are projected to witness high growth in the next five years. The demand in these regions is supported by emerging markets such as China, India, Brazil, and Mexico.

Packaging is the largest application of plastomers

The growing popularity of plastomers over conventional polymers in various applications plays a significant role in driving the market. Packaging, automotive, and polymer modification are the most important applications of plastomers. The packaging industry is the major revenue contributor of the market, as packaging applications, including food, non-food, and stretch & shrink film, constituted of maximum share of the total market in 2014. High-quality packaging not only improves the shelf life of food and beverages but also maintains their quality and freshness. The packaging industry is growing at steady rate globally, with emerging countries witnessing high growth potential.

Rising demand in Asia-Pacific is a major driver for growth of the plastomers market

In 2015, North America is estimated to account for the largest market share, in terms of volume. However, the robust demand in Asia-Pacific is expected to be the major driving factor for the growth of the global plastomers market. The growth is led by the developments in packaging, automotive, polymer modification, and several other areas in which plastomers are used due to their specific operation. China is one of the leading markets of plastomers at the global level. The markets in other emerging economies such as, India, and Mexico are also projected to grow rapidly.

The players profiled in the plastomers market report are The Dow Chemical Company (U.S.), Saudi Basic Industries Limited (SABIC) (Saudi Arabia), Borealis AG (Austria), Mitsui Chemicals (Japan), LG Chem Limited (South Korea), ExxonMobil (U.S.), Sumitomo Corporation (Japan), SK Group (South Korea), Plastomer Corporation (U.S.), and Alpha Group (India)

The scope of the report covers detailed information regarding the major factors influencing the growth of the plastomers market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, investments & expansions, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports