The global demand for Synthetic Polymers Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
A synthetic polymer is an aqueous dispersion of petroleum polymers created in a laboratory. Polymers are chains of monomer units, and the structure and chemical composition determine the physical properties of final materials. Synthetic polymers are chemically made, strong, flexible, and water-resistant. With the help of chemical catalysts obtained through the emulsion polymerization method, these polymers are synthesized from styrene and butadiene. Synthetic polymers alter the molecular weight and mechanical properties of other substances. Synthetic polymers have qualities similar to natural polymers and are also less expensive.
Market Dynamics
The synthetic polymers market is expected to grow due to increased commercial and residential construction activities and increased product demand for coatings and paints over the forecast period. Furthermore, the market for synthetic polymers is expected to rise due to increasing research and development activities. In addition, the healthcare industry's growing need for polymer-based surgical gloves, catheters, electrode pads, stethoscopes, elastic bandages, and wraps is expected to expand the synthetic polymers market. Moreover, increased investment in the personal care and cosmetics industry will create further chances for the synthetic polymers market to grow in the future years. On the other hand, plastic is non-decomposable due to the inclusion of various dangerous chemical compounds in the plastic is expected to hamper the synthetic polymers market's expansion over the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of synthetic polymers. The growth and trends of synthetic polymers industry provide a holistic approach to this study.
Market Segmentation
This section of the synthetic polymers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Styrene Acrylic
- Styrene Butadiene
- Acrylic
- Vinyl Acetate Copolymer
- Polyvinyl Acetate
- Vinyl Acetate Ethylene
- Others
By Application
- Paints And Coatings
- Adhesives And Sealants
- Nonwovens
- Carpets
- Paper And Paperboard
- Others
By End Use Industry
- Construction Sector
- Automotive Industry
- Electronics Sector
- Textile Industry
- Healthcare Sector
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Synthetic Polymers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Synthetic Polymers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the synthetic polymers market include Alberdingk Boley, Apcotex Industries Limited, Arkema, Arlanxeo, Asahi Kasei Corporation, BASF SE, 3M, Celanese Corporation, Dow, LG Chem., Lubrizol Corporation, Trinseo, Wacker Chemie AG, OMNOVA Solutions Inc., Goodyear Tire & Rubber Company, Lion Elastomers, Sumitomo Chemical Co., Ltd., ZEON Corporation, and Bangkok Synthetics Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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