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Polymer Blends and Alloys Market worth 4.2 Billion USD by 2020
The report "Polymer Blends and Alloys Market by Type (PC, PPE/PPO-Based Blends and Alloys and Others), by Application (Automotive, Electrical & Electronics, Consumer Goods, and Others) & by Region - Global Trends and Forecasts to 2020", The global polymer blends and alloys to grow from USD 3.3 Billion in 2015 to USD 4.2 Billion by 2020, at a compound annual growth rate (CAGR) of 5.30% from 2015 to 2020. Polymer blends and alloys are used because of their properties such as durability, corrosion resistance, toughness, and design flexibility.
Browse 68 market data tables and 40 figures spread through 121 pages and in-depth TOC on “Polymer Blends and Alloys Market by Type (PC, PPE/PPO-Based Blends and Alloys and Others), by Application (Automotive, Electrical & Electronics, Consumer Goods, and Others) & by Region - Global Trends and Forecasts to 2020”
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Replacement of traditional materials with polymer blends and alloys will drive the polymer blends and alloys market
The major forces driving the polymer blend and alloys market are replacement of traditional materials with polymer blends and alloys. Polymer blends and alloys owing to their advanced and better quality characteristics are one of the fastest growing segments of todays plastics industry. With continuous development and innovative plastics technologies, metals and glass are continuously being replaced by lighter materials. For example, vehicle weight reduction is a key issue in the automotive industry today and auto manufacturers are continuously looking to replace metal car parts with lighter and economically efficient materials. Metal replacement is an important factor in the automotive industry owing to the advantages such as vehicle weight reduction, design flexibility, integration of parts, and reduction in total system costs. With regulations and concerns regarding fuel efficiency standards and changing consumer preferences for vehicles with low gas mileage, auto manufacturers are focusing on fuel economy.
Automotive industry to play a key role in the polymer blends and alloy market
The report defines and segments the global polymer blends and alloys market on the basis of application, type, and region along with providing an in-depth analysis and market size estimations. The automotive application is expected to contribute the largest market share whereas, electrical & electronics application will be the fastest growing application market during the forecast period.
PC based blends and alloys contribute the fastest market share
PC based blends and alloys have excellent thermal stability, toughness, and dimensional stability, and therefore they have become commercially important. The report also covers the total polymer blends and alloys market by geographic regions. Asia-Pacific is expected to have the largest market share, and will grow with the highest CAGR from 2015 to 2020. The major players in the polymer blends and alloys market include SABIC, E. I. du Pont de Nemours and Co., Covestro AG, A. Schulman Inc., BASF SE and others.
The scope of the report covers detailed information regarding the major factors influencing the growth of the polymer blends and alloys 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 and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations and recent developments associated with the polymer blends and alloys market.
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