Plastomer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Plastomer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • July 2020 •
  • 122 pages •
  • Report ID: 5949637 •
  • Format: PDF
The global plastomer market grew at a CAGR of around 7% during 2014-2019.

Plastomer refers to a specialized polymer that exhibits properties of both elastomers and plastics. It has rubber- and plastic-like elasticity and processability, clarity and gloss-finish. It provides improved impact performance, melt strength and processability when used by itself or with blends and compounds. Plastomers are commonly used in flexible packaging, non-stretch and shrink films, molded and extruded products, wires and cables and foaming products. In comparison to the mixed polymer solutions, they can be converted to mono-material solutions that are both cost-effective and environment-friendly. Owing to this, they find extensive applications across food and beverage, packaging, automotive, polymer modification, wires and cables, agriculture and medical industries.

The steadily increasing product demand from the food packaging industry is one of the key factors driving the growth of the market. Plastomers are majorly used as a sealing and melting polymer as they have low-density and aid in preserving the quality and freshness of the food products, thereby increasing their shelf life. Furthermore, the widespread adoption of controlled plastomers in the production of medical and healthcare products is providing a boost to the market growth. Plastomers are used for manufacturing intravenous (IV) bags, continuous ambulatory peritoneal dialysis pouches, pharmaceutical ingredient bags and packaging for bioreactors. They exhibit high packaging integrity even at low temperatures and can avoid damage in case of accidental drops. Additionally, various product innovations and the utilization of plastomers to manufacture gaskets, seals, vibration dampening and impact absorption products, acoustical sound insulation systems, cushioning, seating and hydrophobic and hydrophilic foams, are also contributing to the market growth. Looking forward, the analyst expects the global plastomer market to experience moderate growth during the next five years.

Breakup by Application Type:
Film-based Food Packaging
Film-based Non-food Packaging
Stretch-film and Shrink-film Packaging
Automotive
Polymer Modification
Wires and Cables
Medical
Others

Breakup by Processing Method:
Blow Film Extrusion
Cast Film Extrusion
Extrusion Coating
Injection Molding
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Alpha Group, Borealis AG, Exxon Mobil Corporation, LG Chem Ltd., Mitsui Chemicals Inc., Saudi Basic Industries Corporation (SABIC), SK Group, Sumitomo Corporation, The DOW Chemical Company, etc.

Key Questions Answered in This Report:
How has the global plastomers market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global plastomers market?
What is the breakup of the market based on the application?
What is the breakup of the market based on the processing method?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global plastomers market and who are the key players?
What is the degree of competition in the industry?