Lucintel Forecasts the Global Functional Polymer Market to Reach $10 Billion by 2030
Lucintel Forecasts the Global Functional Polymer Market to Reach $10 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global functional polymer market looks promising with opportunities in the packaging, electrical and electronics, automotive, construction, consumer goods, medical, industrial, and others industries. The global functional polymer market is expected to reach an estimated $10 billion by 2030 from $7 billion in 2023 at a CAGR of 7% from 2023 to 2030. The major drivers for this market are increasing demand for packaging and growth in the electrical & electronics and consumer goods industries.
Browse 120 figures/charts and 94 tables in this 177-page report to understand trends, opportunity and forecast in global functional polymer market to 2030 by end use (automotive, packaging, electrical and electronics, construction, consumer goods, medical, industrial, and others), polymer type (PP, PE, polyolefin, epoxy, PU, polyamide, polyester, EVA, acrylic, butadiene, and others), functional group (anhydride based functional polymer, silicone based functional polymer, hydroxyl based functional polymer, urethane based functional polymer), process type (direct functionalization and post functionalization), and region (North America, Europe, APAC, and ROW).
Lucintel forecasts that the polyethylene segment will remain the largest polymer type by value and volume over the forecast due to growth in packaging, pipe & tank, and wire & cable market.
Within the global functional polymer market, packaging is expected to remain the largest end use industry and witness the highest growth in the forecast period due to its ability to provide product appearance, scratch resistance, and adhesion properties.
Asia Pacific is expected to remain the largest region by value and volume; it is also expected to witness the highest growth over the forecast period due to increasing automotive production and growth in construction, electrical & electronics and consumer goods industry.
Evonik, Du Pont, BASF, Toybo, Resonac, Solvay are the major suppliers in the functional polymer market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056