Artificial turf market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period (2024-2031). Artificial Turf is a kind of synthetic fiber that has the appearance of natural grass. Maintaining the artificial grass is more effortless than the original grass and is used in a variety of areas such as commercial places, stadiums and sports fields.
Pharmaceutical plastic packaging market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period. The growing pharmaceutical industry and high demand for plastic packaging in the pharmaceutical industry owing to its offered advantages is a key factor driving the growth of the global pharmaceutical plastic packaging market. The compatibility of plastic with any form such as blister, bottles, laminates, and others is also increasing its popularity to be used in pharmaceutical packaging.
Body armor market is anticipated to grow at a CAGR of 5.3% during the forecast period (2023-2030). Body armor refers to protective clothing designed to absorb and deflect the impact of projectiles or sharp objects, increasing the safety of individuals in different sectors, including law enforcement and the military. Body armor mainly includes soft armor, usually constructed from pliable materials like Kevlar, providing defense against handgun rounds, and hard armor, made from ceramic or metal plates, offering resistance against rifle ammunition.
Advance polymer composite market is anticipated to grow at a considerable CAGR of 8.7% during the forecast period. The global advanced polymer composites market is anticipated to emerge rapidly in the coming years as applications expand. Superior characteristics of advanced polymer composites include high strength, stiffness, reduced fatigue, and abrasion resistance.
Plastic recycling market is anticipated to grow at a CAGR of 8.8% during the forecast period. Plastic has become one of the major troubles for the environment, and with the rise in consumer awareness, the need for recycling plastic is gaining momentum. The increasing call for artificial textiles will be one of the significant trends in the recycled plastics industry. The growing concern about sustainable as well as green packaging solutions has escalated mainly with the progress in customer awareness about health and the environment which has generated new opportunities for the recycled plastics market.
The global plastic additives market is projected to grow at a modest CAGR of 4.5% during the forecast period. The usage of various types of plastics in medical packaging, food and beverage packaging, and the rising pharmaceutical industry in emerging nations are the key factors driving the plastic additives market. Furthermore, the market is growing as a result of expanding urbanization and rising consumer disposable income. Plastic additives are commonly used in household products, greenhouse films, electronics, consumer goods, containers, toys, and kitchenware.
The global micro injection molded plastic market is anticipated to grow at a significant CAGR of 11.1% during the forecast period. The major factor driving the micro injection molded plastic market is the shift of medical industry towards nanotechnology and miniaturization, which results in rising demand for highly precise molds, effective for performing medical procedures. Micromolding technology assists miniaturization of things and individual constituents to be very accurate and this accuracy is considered significant in the construction of medical devices. With the increased use of small tools in surgeries, the demand for molded components has increased due to which the medical device manufacturers are working to produce superior quality tools through micro injection molding to save the lives.
The global polyester staple fiber (PSF) market is anticipated to grow at a CAGR during the forecast period (2021-2027). Polyester is the most economical and quality fiber used in textiles, and other end-user industries. Polymer is obtained by polymerization of purified terephthalic acid (PTA) and monoethylene glycol (MEG). PSF can be blended with natural fibers like cotton and wool, and synthetic fibers like rayon to manufacture polyester blended yarns.
The global polyolefin pipe market is anticipated to grow at a significant CAGR of 5.2% during the forecast period (2021-2027). In recent years, there has been a considerable upgrade in both water distribution techniques and infrastructure in the major parts of the developing world.
The global fluoropolymer tubing market is anticipated to grow at a significant CAGR of 4.6% during the forecast period. One of the major factors contributing to the growth of the market is the increasing applications provided by fluoropolymer tubing.
The global elastomer coated fabrics market is anticipated to grow at a CAGR of 3.9% during the forecast period (2021-2027). The major factors augmenting the growth of global elastomer coated fabric market include growing need for elastomer coated fabrics in end-user industries such as construction, transportation, and others, and easy availability of raw material.
The global MS polymers market is anticipated to grow at a CAGR of 6.8% during the forecast period. MS (Modified Silicon) polymers are developed from high molecular weight polypropylene oxide. These polymers have good adhesion properties towards a wide range of substances.
The global market for electric vehicle plastics is expected to grow at a significant CAGR during the forecast period. The rising requirement for lightweight plastics in electric vehicles, as well as the expanding demand for electric vehicles, are driving the electric vehicle plastics market.
The global software load balancer market is expected to grow at a significant CAGR during the forecast period 2021-2027. The software load balancer is a device that effectively serves as a network load management system for network traffic.
The global industrial PU elastomers market is anticipated to grow at a significant CAGR of 6.4% during the forecast period. The growing usage of industrial PU elastomer in different industries is a key factor driving the market growth. The PU is a polymer with isocyanate and polyols linkage arranged in an alternate manner.
The global market for the HDPE drum is anticipated to grow at a significant CAGR during the forecast period. HDPE drums improve operational efficiency and effectiveness while moving large amounts of liquid commodities.
The global IMP market is anticipated to grow at a CAGR of around 4.5% during the forecast period (2021-2027). IMP is a process in which molded products are formed by injecting molten plastic into the mold, and then cooling and solidifying them.
The US polyvinylidene fluoride (PVDF) market is projected to grow at a modest CAGR of 6.5% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the increasing demand for PVDF materials across various end-user industries owing to its variety of properties.
The North America polyvinylidene fluoride (PVDF) market is projected to grow at a modest CAGR of 6.3% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the growth in various end-user industries such as electrical and electronics, oil and gas, chemical, transportation, building and construction, and others.
Europe polyvinylidene fluoride (PVDF) market is projected to grow at a modest CAGR of 6.3% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rapidly evolving transportation sector in the region.
China polyvinylidene fluoride (PVDF) market is projected to grow at a modest CAGR of 6.4% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the rapid evolution in the construction sector of the country.
The Asia-Pacific polyvinylidene fluoride (PVDF) market is projected to grow at a modest CAGR of 6.4% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the increased demand for pipes and fittings, coating and sheets, wires, and semiconductor processing from the end-user industries in the Asia-Pacific region.
Polyvinylidene fluoride (PVDF) possesses a wide range of properties. Some of the key properties possessed by the PVDF include good mechanical strength and toughness, abrasion resistance, creep resistance, stiffness, high dielectric strength, high purity, chemical inertness, low moisture absorption, and low flammability among others.
The US tube packaging market is projected to witness a considerable CAGR of around 7.2% during the forecast period. The pivotal factors that are contributing to the growth of the market include the increased demand for convenient food amongst the people in the region. Owing to the quickening pace of life and changing lifestyles of people there has been an increased demand for convenient and flexible tube packaging across the country.
The UK tube packaging market is estimated to have a significant CAGR of around 6.6% during the forecast period. The market is mainly driven by the growing usage of recyclable packaging solution in various industries. In April 2018, a new initiative, named Plastics Pact was launched in the country to reduce single-use plastic packaging by 2025.
The North American tube packaging market is projected to witness a considerable CAGR of around 7.6% during the forecast period. The major factors that propel the growth of the tube packaging market include the growing demand for convenient packaging solution in various sector such as pharmaceutical, cosmetic, and personal care.
Indian tube packaging market is estimated to have a significant CAGR of around 8.0% during the forecast period. The tube packaging market in India is being significantly driven by the expansion of pharmaceutical manufacturing plants and cosmetics R&D plants in the country.
The European tube packaging market is projected to witness a considerable CAGR of around 6.8% during the forecast period. The market is mainly driven due to adoption of the recycled and reusable packaging solution owing to the government standards and regulations in the region.
The Asia-Pacific tube packaging market is estimated to have a significant CAGR of around 8.2% during the forecast period. The major factors that propel the growth of the market include the rising demand for flexible packaging in pharmaceutical, food & beverage, and personal care products and other industry.
The US Medical Plastics market is projected to grow at a modest CAGR of 6.0% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the higher demand for surgical instruments in the country.
The UK Medical Plastics market is projected to grow at a modest CAGR of 5.7% during the forecast period (2021-2027). The regional growth of the UK medical plastics industry is mainly attributed to the presence of the major players operating in the market in the region.
The India Medical Plastics market is projected to grow at a modest CAGR of 5.8% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the rapidly changing lifestyle, rise in disposable income growing healthcare investments in India, and increased demand for affordable and efficient healthcare systems.
The North America Medical Plastics market is projected to grow at a modest CAGR of 6.1% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the rising geriatric population, the rising adoption of innovative medical devices for remote monitoring of patients, and the rising minimally invasive/non-invasive surgeries, among others.
The Europe Medical Plastics market is projected to grow at a modest CAGR of 6.3% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the increased demand for single-use products in general checkups and procedural applications.
The Asia-Pacific Medical Plastics market is projected to grow at a modest CAGR of 6.4% during the forecast period (2021-2027). Various factors are driving the market in Asia-Pacific, which includes the improving healthcare infrastructure, rising geriatric population, cohesive government policies, and rising incidence and prevalence rate of chronic diseases.
The global Medical Plastics market is projected to grow at a modest CAGR of 6.5% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the increasing demand for the plastics in the medical field, such as, the increased demand for medical plastics in the manufacture of disposable medical products such as bed pans, inhalation masks, and IV tubes among many others.
The US market for synthetic fibers is projected to grow at a CAGR of 6.3% during the forecast period. The market is driven by the significant adoption of synthetic fibers in the automotive and home furnishing sector.
The North American market for synthetic fibers is projected to grow at a CAGR of 6.2% during the forecast period. The major factors that contribute to the growth of the market include a wide range of applications of the product in various booming industries of the region such as automotive, home furnishing, and among others.
The European market for synthetic fibers is projected to grow at a CAGR of 6.7% during the forecast period. According to the European Commission in 2017, synthetic fibers such as polyester, acrylics, and elastane make up around 75% of the total fiber market in Europe.
The Asia-Pacific market for synthetic fibers is projected to grow at a CAGR of 7.4% during the forecast period. The market is mainly driven by various pivotal factors including significant investment in the automotive industry and an emerging focus on lightweight and fuel-efficient vehicles in the region.
The US electric vehicle plastics market is estimated to grow significantly during the forecast period. The market is mainly driven due to growing sales of electric vehicles during the forecast period coupled with the rising application of plastics in the automotive industry.
The UK electric vehicle plastics market is estimated to grow significantly during the forecast period. The country already has a well-developed plastic industry that offers customized required solutions to the EV industry in Europe as well as globally.
The North American electric vehicle plastics market is estimated to grow significantly during the forecast period. The growth of the market is attributed to the increasing demand for lightweight vehicles in the automotive industry.
Indian electric vehicle plastics market is estimated to grow significantly during the forecast period. The market is mainly driven due to the growing demand for electric vehicles in the country coupled with significant support by the government for the electric vehicle.
The European electric vehicle plastics market is estimated to rise at a lucrative CAGR during the forecast period. In the near future, the EV plastic market in Europe will be benefited from extensive demand from the automotive industry owing to the growing sales of electric vehicles in the region.
Asia-Pacific electric vehicle plastics market is estimated to grow with a lucrative CAGR during the forecast period. The major factors that further contribute to the growth of the market include the growing demand for plastic parts and accessories in electric vehicles coupled with the rising electric vehicle industry.
The US thermoplastic polyurethane market is estimated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the increasing applications of thermoplastic polyurethane in a wide range of end-user industries such as footwear, automotive, and medical industry.
The North American thermoplastic polyurethane market is estimated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the increasing applications of thermoplastic polyurethane in a wide range of end-user industries such as footwear, automotive, and medical industry.
The European thermoplastic polyurethane market is estimated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the increasing adopting of thermoplastic polyurethane in footwear, automotive, and medical, among other industries.
The Asia-Pacific thermoplastic polyurethane market is estimated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the increasing applications of thermoplastic polyurethane in a wide range of end-user industries such as footwear, automotive, and medical industry.
The US molded pulp packaging market is estimated to grow at a CAGR of 3.6% during the forecast period. The rising shift towards sustainable packaging coupled with the increasing food and beverage industry is supporting to propel the market growth. As per the United States Department of Agriculture (USDA), Agriculture, food, and associated industries supported nearly $1 trillion to the country’s GDP in 2017, a 5.4% share.
North American molded pulp packaging market is estimated to grow at a CAGR of 3.5% during the forecast period. Rising demand for sustainable packaging and increasing food and beverage industry are some crucial factors encouraging market growth. As per the Government of Canada, the food and beverage processing industry in Canada is the second-largest manufacturing industry in terms of value of manufacturing with sales of goods produced amounted to $117.8 billion in 2019.
The global molded pulp packaging market is estimated to grow at a CAGR of 4.6% during the forecast period. The major factors contributing to the market growth include the rising demand for sustainable packaging and increasing demand in the food packaging sector. A major trend towards sustainable packaging has been witnessed coupled with the stringent environmental regulations and consumer awareness regarding eco-friendly packaging.
European molded pulp packaging market is estimated to grow at a CAGR of 3.7% during the forecast period. Stringent regulations on single-use plastics and considerable demand for sustainable packaging are some crucial factors encouraging market growth.
China molded pulp packaging market is estimated to grow at a CAGR of 5.0% during the forecast period. Growing food and beverage industry and potential share in the electronics market is attributing to the positive growth of the market.
Asia-Pacific molded pulp packaging market is estimated to grow at a CAGR of 5.1% during the forecast period. The growing food and beverage industry is the major factor in accelerating market growth. As per the India Brand Equity Foundation (IBEF), the food processing sector accounts for nearly 32% of India’s total food market.
The US thermoplastics market is expected to project a considerable CAGR during the forecast period. The US is one of the key markets for plastic packaging, owing to the massive demand generated for plastics from end-user industries. Along with the packaging industry, the construction industry is one of the major contributors to the US economy, as per the Associated General Contractors of America (AGC).
UK thermoplastics market is expected to project a considerable CAGR during the forecast period. The UK is significantly working in the field of material and additive manufacturing, food & beverages, pharmaceutical, and cosmetics among others. A wide range of reprocessing technologies and equipment are being examined due to cohesive government regulations. Cohesive government regulations are also acting in the country.
The North American thermoplastics market is projected to exhibit a considerable CAGR during the forecast period. The key factors that are contributing towards the growth of the thermoplastics market in the region, include rising demand for efficiently moldable packaging across the food & beverages, cosmetic and personal care industry in the region, cohesive government regulations, and increased per capita consumption in the US.
Germany thermoplastics market is expected to project a considerable CAGR during the forecast period. Germany is the largest producer and consumer of plastics in Europe, backed by the presence of large number of automotive manufacturers, chemical producers, and others. Moreover, the country is the most preferred FDI destination for plastic industries in Europe; as out of 768 projects are calculated related to plastics in Europe during 2012-2017, 20% were from Germany.
The European thermoplastics market is expected to project a considerable CAGR during the forecast period. Europe is one of the major consumers of thermoplastics globally. Significant changes in the plastic industry will be witnessed in the region during the forecast period, which in turn, will drive the thermoplastics market in the region.
The Asia-Pacific thermoplastics market is expected to project a considerable CAGR during the forecast period. In Asia-Pacific, there is a rising demand for plastics in packaging, automotive, consumer electronics, among other domains, owing to which, the thermoplastics market will rise at a considerable rate in Asia-Pacific. In addition, there is a growing trend toward innovative and cost-effective packaging materials in the country.
The US plastics market is anticipated to grow at a CAGR of 2.5%, during the forecast period. The US is one of the major markets for plastic packaging owing to massive demand from end-user industries.
UK plastics market is anticipated to project a CAGR of 2.3%, during the forecast period. The UK is one of the significant market players operating in the European plastic market. The country is significantly working in the field of material and additive manufacturing, food and beverages, pharmaceutical, and cosmetics among others.
The North American plastics market is anticipated to project a CAGR of 2.4%, during the forecast period. The key factors contributing to the growth of the plastic market include cohesive government regulations, rising demand for efficiently moldable packaging across the food & beverages, cosmetic and personal care industry in the region, and increased per capita consumption in the major countries of the region including the US and Canada.
The Indian plastics market is projected to grow at a CAGR of 5.2%, during the forecast period. The plastic industry is growing at a considerable rate in India and is making a huge contribution to the country’s economic development and growth of end-use markets of plastics, such as automotive, electronics, construction, and others.
The German plastics market is projected to grow at a CAGR of 4.1%, during the forecast period. Germany is the largest economy in Europe and the 4th largest economy globally. In 2016, the country had the highest demand for plastic in Europe with 25% of 50 million tons.
The European plastics market is anticipated to project a CAGR of 2.9%, during the forecast period. Europe is one of the major plastic consumers globally. Significant changes in the plastic industry will be witnessed in the region to cater to the problem of plastic waste.
China's plastics market is projected to grow at a CAGR of 3.7%, during the forecast period. China is the largest producer and consumer of plastics, backed by the largest automotive manufacturing industry, and the electronics industry across the globe.
Asia-Pacific plastics market is projected to grow a CAGR of 3.6%, during the forecast period. The rising demand for plastics in packaging, automotive, consumer electronics, among other domains, are offering growth to the plastics market in the region.
The US consumer packaging market is estimated to grow at a CAGR of 4.5% during the forecast period. Rising demand for flexible packaging across end-user industries is primarily leveraging market growth. As per the Flexible Packaging Association (FPA), in the US, the flexible packaging industry generated $31.8 billion in sales in 2018. It is the second-largest packaging segment in the country accounted for nearly 19% of the $170 billion US packaging market.
The North American consumer packaging market is estimated to grow at a CAGR of 3.8% during the forecast period. North American is the leader in the pharmaceutical industry, coupled with the presence of several large and small pharmaceutical firms in the region. The region is renowned for conducting massive R&D and produce bulk pharmaceuticals.
Germany consumer packaging market is estimated to grow at a CAGR of 4.2% during the forecast period. The major factors contributing to the market growth include emerging plastics industry and increasing e-commerce industry in the country. Germany is the largest producer of chemical and plastics in Europe. The country’s plastics industry comprises manufacturers of polymers, machines, and converters.
The European consumer packaging market is estimated to grow at a CAGR of 4.8% during the forecast period. Significant rise in the packaging industry and increasing pharmaceutical production are some key factors primarily contributing to market growth. As per the PlasticsEurope, in 2018, the European plastics industry generated revenue of over $413.3 billion, with a positive trade balance of over $17.2 billion.
Asia-Pacific consumer packaging market is estimated to grow at a CAGR of 7.0% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the production of food and beverage and pharmaceuticals in the region. The rising demand for processed food is one of the major causes that accelerates the demand for packaging solutions in the region.
The global consumer packaging market is estimated to grow at a CAGR of 5.1% during the forecast period. The emerging demand for eco-friendly packaging and expansion of the e-commerce industry is primarily boosting the demand for consumer packaging solutions. An inclination towards online shopping has witnessed across the globe owing to the rising internet penetration and busy lifestyle.
Alkyd resin market is projected to grow at a considerable CAGR of around 3% during the forecast period (2020-2026). The rising demand for aesthetic appearance, high-quality performance, along with low-cost product for coating purpose is the major factor appealing the demand for acrylic resin, which in turn is driving the growth of the global alkyd resin market.
The global polyamide resins market is estimated to grow at a CAGR of nearly 6% during the forecast period. Superior properties of polyamides and emerging demand for recycled polyamide resins are primarily contributing to the growth of the market. Polyamides (Nylon) possesses high temperature and electrical resistance properties.
The global plastic bottles market is estimated to grow at a CAGR of nearly 4.5% during the forecast period. Some major factors contributing to the market growth include rising demand for plastic packaging and emerging application in the pharmaceutical and cosmetics industry. Plastic resins are used in a range of container and packaging products, including high-density polyethylene (HDPE) bottles for milk and water and polyethylene terephthalate (PET) beverage bottles.
The global phenolic resins market is estimated to grow at a CAGR of nearly 5.6% during the forecast period. The major factors encouraging the market growth include superior properties of phenolic resins and a significant rise in applications across automotive and building and construction industry. Phenolic resins contain several desirable properties including superior mechanical strength, dimensional stability, and heat resistance.
The global acrylic resins market is estimated to grow at a CAGR of nearly 4.0% during the forecast period. The major factors contributing to the market growth include significant application in paints and coatings and emerging infrastructure development projects. In the coatings industry, coatings using acrylic resins is considered as the major polymer technology.
The global polycarbonate resins market is estimated to grow at a CAGR of nearly 5.2% during the forecast period. The major factors encouraging the market growth include superior properties of polycarbonate resins and significant application in the automotive industry.
The global market for electric vehicle plastics is projected to have considerable CAGR of around 27.5% during the forecast period. The major factors that propels the electric vehicle plastics market include growing demand of light weight plastics in electric vehicle, growing demand of electric vehicle, and others. Lightweight plastics play a significant role in the electric vehicle industry.
The global medical gloves market is projected to grow at a significant CAGR during the forecast period. The key factors that drive the market include the benefits offered by medical gloves. Medical gloves are vital in microbial protection, both for medical professionals and patients. As per the CDC, gloves are used by health professionals in order to minimize the risk of microbial transmission from patients to medical personnel, protect patients against the transfer of bacterial flora from medical workers, minimize the contamination of the hands of medical personnel with transient microbial flora which may be transferred from one patient to another.
The global disposable gloves market is projected to grow at a significant CAGR during the forecast period. Disposable gloves are use-&-throw gloves which primarily minimizes the possibility of various infections by eliminating direct contact with viruses or chemicals in any industry. These gloves have characteristics such as high sensitivity & flexibility, protection against different chemicals, as well as act as an effective barrier against microorganisms.
The global market for tube packaging is projected to have considerable CAGR of around 5.9% during the forecast period. The major factors that propels the tube packaging market include growing inclination towards flexible packaging over rigid packaging is supporting the growth of the global plastic tubes market.
The global agricultural films market is growing at a significant CAGR of around 6.4% during the forecast period (2020-2026). The major factors that are primarily driving the growth of the market include the growing demand for food security.
The global plastic industry market is expected to grow at a steady growth rate over the forecast period 2019-2025. Rising demand for plastics in various applications including construction, automotive, and electrical and electronics industries is fueling the market growth.
The global bioplastics market is expected to grow significantly at a CAGR of over 20% during the forecast period. Bioplastics are the most suitable alternative for the plastics. Bioplastics are utilized in various industries across packaging, automobile parts manufacturing, construction, consumer good, and many others. The primary factors driving the growth of the global bioplastics market include the increased need to curb plastic waste.
The global aerospace plastics market is expected to grow at a CAGR of over 7% during the forecast period. Plastics can be utilized as an alternative to many metals such as aluminum and other steel components as they are light weighted and are highly durable.
The global market for synthetic fibers is estimated to have significant CAGR during the forecast period. Synthetic fiber is engineered and developed as an alternative to natural fibers. Owing to its various properties such as improve tance and thermal stability, high toughness and rigidity, outstanding resistance to weather, aging, and yellowing, and high gloss.
The global thermoplastic polyurethane (TPU) market is estimated to grow at a considerable CAGR of around 7% during the forecast period. The market growth is attributed to the increasing applications of TPU in the medical industry owing to the material being environment-friendly and recyclable. In addition, shifting trend towards the development of bio-based products coupled with the increasing R&D activities by the industry players tend to create ample opportunity for the growth of the global TPU market in the near future.
The US Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.1% during the forecast period. Higher per capita economy, high usage of consumer electronics, automotive, plastic and packaging are the major factors contributing towards the market growth in the country.
UK Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.3% during the forecast period. Owing to huge opportunities for packaging in the UK, the demand for bioplastics including PLA is increasing at a significant level.
North American Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.6% during the forecast period. North America is one of the major markets in global PLA market. There is a wide application area of PLA in polymers which are being used as a substitute in major industries of the region such as automobile, medical, food packaging, electronics, aerospace, agriculture industry, and others.
India polylactic acid (PLA) market is expected to grow at a CAGR of around 21.1% during the forecast period. India PLA market is growing significantly owing to the growing food processing and packaging industry in India. The food sector in India has been significantly emerging as a high-profit and high-growth sector as it has high potential for value addition, primarily under the food processing industry.
Germany polylactic acid (PLA) Market is expected to grow at a CAGR of around 18.0% during the forecast period. Germany is one of the major importing and exporting hubs of the bioplastics in the region. Germany is consuming bioplastics in various industries which includes packaging, construction, automotive, textiles, electronic and others.
France Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.8% during the forecast period. France is one of the most technologically advanced and modern countries globally. The GDP of the country in 2016 was $2.7 trillion with a growth rate of 1.2%. The country has widespread application base for PLA polymer.
European Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 16.3% during the forecast period. Europe is one of the significant markets in the global PLA market. Owing to its well-established automotive industry, the demand for PLA polymers has increased in a considerable amount.
China Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 18.0% during the forecast period. Growing chemical and petroleum industry is primarily strengthening market growth in the country. According to the China Petroleum and Chemical Industry Federation (CPCIF), China’s petroleum and chemical industry generated a revenue of $2 trillion in 2017.
Asia-Pacific Polylactic Acid (PLA) Market is expected to grow at a CAGR of around 18.8% during the forecast period. There are numerous factors which are driving the growth of the PLA market in the region. This includes significant automobile production in the region and growing food processing packaging industry.
The US PBS market is estimated to grow at a CAGR of over 9.7% during the forecast period. The US is one of the major markets for PBS. Higher per capita economy, high usage of consumer electronics, automotive, plastic and packaging are the major factors for a significant market share in the region.
The UK PBS market is estimated to grow at a CAGR of over 9% during the forecast period. UK is the 3rd largest developed economy in Europe after Germany & France and contributes significantly to the growth of the PBS market. The country has an established plastic industry which is a key contributor to the growth of the market.
The North American PBS market is estimated to grow at a CAGR of over 9% during the forecast period. PBS is a biopolymer and a substitute for other polymers being used in various industries including packaging, automotive, agriculture, and others. Due to its desirable mechanical properties and biodegradable nature, the application area is expanding at a significant rate in the US and Canada.
The German PBS market is estimated to grow at a CAGR of over 12% during the forecast period. Germany is the largest economy in Europe and the 4th largest economy globally. The country is a leading exporter of vehicles and their supplier. It is one of the largest markets for bioplastics globally.
The European PBS market is estimated to grow at a CAGR of around 10% during the forecast period. Major economies contributing to the PBS market in Europe include UK, Germany, France, and Italy, and others including the Netherlands.
The China PBS market is estimated to grow at a CAGR of more than 11.5% during the forecast period. PBS is a biodegradable and compostable polyester that is produced from succinic acid 1,4-butanediol and eventually a third monomer which is an organic di-acid in most cases. It finds application in numerous applications including food packaging, consumer goods and electronics, and automotive structural manufacturing.
The Asia-Pacific PBS market is estimated to grow at a CAGR of over 11% during the forecast period. The PBS market is rapidly expanding in the Asia-Pacific region. The market is showing a dynamic growth specifically in the ASEAN countries including Thailand, Indonesia, Vietnam, and the Philippines.
The Italian polypropylene plastic tube market was over $20 million in 2018 and is anticipated to grow at a CAGR of 4.5% during the forecast period. The plastic tubes market in Italy has significant growth opportunities due to the presence of various industries that have a rising demand for tubes.
The Indian polypropylene plastic tube market was around $45 million in 2018 and is anticipated to grow at a CAGR of 8.0% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The French polypropylene plastic tube market was around $20 million in 2018 and is anticipated to grow at a CAGR of 6.5% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
China polypropylene plastic tube market was over $170 million in 2018 and is anticipated to grow at a CAGR of 7.0% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The Asia-Pacific polypropylene plastic tube market was around $200 million in 2018 and is anticipated to grow at a CAGR of 6.9% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The US polyethylene plastic tube market was valued more than $200 million in 2018 and is anticipated to grow at a substantial rate of around 5.9% during the forecast period. Polyethylene is one of the most popular types of plastics mostly used in the packaging industry. Poly tubing is also FDA approved for use in food and beverage applications.
UK polyethylene plastic tube market was over $50 million in 2018 and is anticipated to grow at a CAGR of around 7.0% during the forecast period. The market growth is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The North American polyethylene plastic tube market was $244 million in 2018 and is anticipated to grow at a substantial rate of 6.2% during the forecast period. Polyethylene is one of the most popular types of plastics mostly used in the packaging industry. Polyethylene is used for making plastics films, bags, containers, bottles, and other packaging products.
The Italian polyethylene plastic tube market was over $30 million in 2018 and is anticipated to grow at a CAGR of 5.0% during the forecast period. The plastic tubes market in Italy has significant growth opportunities due to the presence of various industries that have a rising demand for tubes.
The Indian polyethylene plastic tube market was $60 million in 2018 and is anticipated to grow at a CAGR of 8.5% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The German polyethylene plastic tube market was valued over $60 million in 2018 and is anticipated to grow at a CAGR of around 7.3% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The French polyethylene plastic tube market was $25 million in 2018 and is anticipated to grow at a CAGR of 7.3% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
China polyethylene plastic tube market was over $250 million in 2018 and is anticipated to grow at a CAGR of 7.3% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The Asia-Pacific polyethylene plastic tube market was around $410 million in 2018 and is anticipated to grow at a CAGR of 7.1% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The US plastic tube market was $354 million in 2018 and is anticipated to grow at a substantial rate of 5.9% during the forecast period. The plastic tube is highly suitable for the purpose of packaging of semi-liquid pharma products as they are isolated from the chemicals and do not react with the chemicals of the packaging.
UK plastic tube market was $62 million in 2018 and is anticipated to grow at a CAGR of 6.5% during the forecast period. The market growth is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The North American plastic tube market was $393 million in 2018 and is anticipated to grow at a substantial rate of 5.9% during the forecast period. The plastic tube is highly suitable for the purpose of packaging of semi-liquid pharma products as they are isolated from the chemicals and do not react with the chemicals of the packaging.
The Italian plastic tube market was $45 million in 2018 and is anticipated to grow at a CAGR of 4.4% during the forecast period. The plastic tubes market in Italy has significant growth opportunities due to the presence of various industries that have a rising demand for tubes. The food and beverages have significant potential to contribute to the plastic tubes market due to increased packaging capabilities in the sector.
The Indian plastic tube market was $114 million in 2018 and is anticipated to grow at a CAGR of 8.3% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The German plastic tube market was $93 million in 2018 and is anticipated to grow at a CAGR of 7.8% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The French plastic tube market was $41 million in 2018 and is anticipated to grow at a CAGR of 7.3% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The European plastic tube market was $344 million in 2018 and is anticipated to grow at a CAGR of 6.2% during the forecast period. The plastic tube is highly suitable for the purpose of packaging of semi-liquid pharma products as they are isolated from the chemicals and do not react with the chemicals of the packaging.
The European polyethylene plastic tube market was $217 million in 2018 and is anticipated to grow at a CAGR of 6.4% during the forecast period. Polyethylene is one of the most popular types of plastics mostly used in the packaging industry. Poly tubing is also FDA approved for use in food and beverage applications.
China plastic tube market was $333 million in 2018 and is anticipated to grow at a CAGR of 7.1% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
The Asia-Pacific plastic tube market was $812 million in 2018 and is anticipated to grow at a CAGR of 6.8% during the forecast period. The growth of the market is attributed to the integration of printing and design technology by plastic tube manufacturers that enhance the packaging capabilities and have strong economic prospects.
US
SBR market is expected to have a significant CAGR during the forecast period.
The country is one of the major consumers of SBR and products manufactured by
it, which is a major factor for augmenting the market.
North
American SBR market is expected to show a significant CAGR during the forecast
period. Increasing the application of SBR is expected to fuel the market growth
in the region. SBR finds various applications in different industry verticals
including automotive, footwear, manufacturing, and others.
India
SBR market is anticipated to grow at a significant growth rate during the
forecast period. A considerable number of the manufacturing unit establishment
has been witnessed in the country in the last decade in the field of SBR
rubber.
European
Styrene-Butadiene Rubber (SBR) market is forecast to augment with significant
market growth during the forecast period. Various application of SBR in the
region is one of the major factors for the growth of the market. It includes
automotive components, tires, footwear and so on. The region is one of the
major producers of vehicles, which creates a enormous demand for SBR.
Asia
Pacific Styrene-butadiene Rubber (SBR) market is expected to show a
considerable market growth rate during the forecast period. SBR hold the
largest application in the synthetic rubber market as it has wide application
in various industry verticals, especially in tire manufacturing in the
automotive segment.
Asia
Pacific synthetic rubber market is estimated to grow with lucrative growth
during the forecast period. The high adoption of synthetic rubber in various
applications is one of the chief factors for the growth of the market in the
region.
Considerable
market growth in Brazil synthetic rubber market is expected during the forecast
period. Brazil is one of the major economies of Latin America. Rising
application of synthetic rubber in tiers, consumer electronics is expected to
augment the market in the country.
China
synthetic rubber market is expected to show significant market growth during
the forecast period. China is one of the largest producers and exporter for
synthetic rubber all across the globe. China synthetic rubber market is driven
by the automobile sector of the country and the exports to foreign countries.
The
European synthetic rubber market is forecast to augment with significant market
growth during the forecast period. Various application of synthetic rubber in
the region is one of the major factors for the growth of the market.
France
synthetic rubber market is forecast to augment with significant growth during
the forecast period. The factors driving the synthetic rubber industry in the
country is the application of synthetic rubber in the automobile and chemical
industry of France.
Germany
synthetic rubber market is expected to show a lucrative market growth during
the forecast period. Germany is one of the largest exporters of synthetic
rubber and products in the European Union.
India
synthetic rubber market is anticipated to grow at a significant growth rate
during the forecast period. The largest synthetic rubber consumers in India are
the automobile and medical sectors making it a major market for synthetic
rubber.
Japan
synthetic rubber market is expected to grow at a modest growth during the
forecast period. The country is one of the major rubber consumers globally.
North
American synthetic rubber market is expected to show a significant growth rate
during the forecast period. Wide application of synthetic rubber is one of the
major factors augmenting the market.
South
Korea synthetic rubber market is expected to show significant market growth
during the forecast period. As per South Korea Rubber Industry Association,
there are more than 10,000 companies working in the rubber industry in the
country. Each year, the country exports a rubber of around $10 billion all
across the globe.
UK
synthetic rubber market is forecast to augment with significant growth during
the forecast period. The market in the UK for synthetic rubber is primarily
driven by the demand in the automobile sector and due to the demand of medical
gloves in the health care sector.
The
US is one of the largest consumers of rubber and is an extensive market for
synthetic rubber and its products. Synthetic rubber is mainly used in the
manufacturing of tires, footwear, wire, industrial rubber goods such as hoses
and belts, and cable coverings, adhesives, and sporting goods.
Global
Styrene-butadiene Rubber (SBR) market is expected to show a lucrative growth rate during
the forecast period. SBR hold the largest application in the synthetic rubber
market as it has wide application in various industry verticals, especially in
tire manufacturing in the automotive segment.
Protective gloves market in the UK is expected to grow at a CAGR of 6.8% during the forecast period. Protective gloves are exceedingly used in the food & beverage manufacturing process, healthcare, and other industries across UK. The product is being used in the manufacturing process of the food products.
North American protective gloves market is expected to grow at a CAGR of 5.6% during the forecast period. North American market for protective gloves holds a significant market and is analyzed on the basis of its two major economies including the US and Canada. With these major economies, the region constitutes strong and developed industries such as automotive manufacturing, industrial equipment, construction, and others.
The protective gloves market in the region is expected to grow around a CAGR of 5.6% during the forecast period. In the global protective gloves market, Malaysia is also one of the key producers and exporter of protective gloves across the globe. According to the Department of Statistics, Malaysia, domestic consumption of natural rubber increased by 2% to 41,715 tons in 2017.
Indian protective gloves market is expected to grow at a CAGR of 12.9% during the forecast period. India is among the fastest growing economies globally, and thus, contributes considerably to the protective gloves market. India is showing a potential growth for global protective gloves market due to the rising industrial sector with the establishment of manufacturing sites of several pharmaceutical companies and food processing industries in the country.
Germany has the significant market growth in European protective gloves market growing at a CAGR of 7.2% during the forecast period, due to the presence of various end-user industries such as healthcare, food & beverages industry, and others that utilize the huge number of protective gloves in the process of manufacturing and other activities. Germany has a significant growth in the food & beverages industry.
Europe protective gloves market is expected to grow at a CAGR of 6.2% during the forecast period. Europe is estimated to contribute significantly in the global protective gloves market owing to rising demand for protective gloves application in end-user industry in its economies such as Germany, UK, France, and other European countries.
Asia-Pacific protective gloves market is expected to grow at a CAGR of 7.9% during the forecast period. Asia-Pacific consists of several major economies such as China, Malaysia, and Japan, where significant exploitation of protective gloves is estimated in the near future. China is the second largest economy after the US and has the world’s largest population (1.4 billion), followed by India (1.3 billion) as per data provided by World Bank in 2018.
The global polyolefin market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. Polyolefins are high molecular weight hydrocarbons which comprise low-density, linear low-density and high-density polyethylene (PE) polypropylene copolymer, polypropylene and polymethyl pentene. These all are break-resistant, nontoxic, and non-contaminating. These are the only plastics lighter than water. These materials easily withstand exposure to nearly all chemicals at room temperature for up to 24 hours. Strong oxidizing agents eventually cause embrittlement. All polyolefins can be damaged by long exposure to light.
The global photopolymer market is estimated to grow at a CAGR of 15.2% during the forecast period. The major factors contributing to the growth of the market include the significant adoption of liquid photopolymer resin and emerging demand in 3D printing. Photopolymers are one of the materials used in 3D printing with the potential to make products with better properties.
The global spray polyurethane foam (SPF) market is estimated to grow at a CAGR of 7% during the forecast period. Polyurethane foam is a chemical product that is widely used in construction applications that require filling, sealing, bonding, and insulation. SPF (SPF), when compared to conventional roofing systems, are lightweight, durable, weather-proof, and requires less maintenance.
The global cable tie market is anticipated to grow at a substantial CAGR of 8.0% during the forecast period. Cable ties are fasteners that bundle cables and wires together to keep them organized and help to prevent their damage. The major factors driving the market growth include rapid industrialization. The trend towards industrialization has been witnessed at a global level, coupled with the increasing government initiatives to promote industrialization. The initiative includes a series of ambitious state-backed programs launched by the Government of China. This is intended to modernize the Chinese economy, leverage productivity, and make innovations that are a major driver of the country’s economic growth.
The global cable management market is estimated to grow
at a CAGR of 11.1%, during the forecast period. The major factors contributing
to the market growth include the increasing number of data centers, a
significant rise in the construction industry, and rising demand for renewable
energy sources across the globe.
The global masterbatch market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. Masterbatch is a mixture of solid or liquid pigments that are used for coloring and increasing properties of polymers, which include flame retardation, antilocking, stabilizing, and antistatic.It can be used in various technological methods such as spinning, injection, and blow. Rising applications of masterbatch across several industries, such as packaging, agriculture, consumer goods, and automobile, is propelling the growth of global masterbatch market.
Polymer Emulsion
market is growing rapidly owing to increasing application in construction,
packaging and textile industry. Emulsion polymer is a colloidal dispersion of
discrete polymer particles in water with a particle diameter of 0.01-1.0
microns.
Polyetherimide market
has significant opportunities in the automotive sector as polyetherimide has high
heat resistance, high strength and modulus and broad chemical resistance.
Polyetherimide is an amorphous thermoplastic polymer and finds its application
in various industry verticals such as electrical & electronics, aircraft
along with automotive industry.
Automotive
foam market is growing at a significant CAGR during the forecast period
(2019-2025). Automotive foams are lightweight material which are easier to
transport and helps in reducing transportation cost. There is an increasing
demand for lightweight automotive foam from automobile manufacturing companies
due to its advantageous properties such as low density and durability.
Polyglycerol sebacate
is formed by the polycondensation of sebacic acid and glycerol. It has
properties that make it suitable for controlling mechanical processes;
therefore, the material finds its usage in curing time and temperature and degree
of acylation in these resins. Moreover, its high flexibility makes it as a preferred
material for biomedical soft tissue applications, such as cartilage, nerve, cardiac
muscles and the retina.
Aramid fibers are synthetically designed
high-performance fibers that have good resistance to organic solvents,
low flammability, and high strength as compared to other synthetic
fibers. In addition, these fibers comprise non-conductivity, resistance
to abrasion, and good fabric integrity at high temperatures. These
properties of aramid fibers make them a preferred choice in a number of
industries such as aerospace and defense and automobile.
Sachets are the small sealed bags which are used to store powder or liquid product such as coffee, sauces, shampoo, oil, sugar, tea and lubricant among others. The primary purpose of manufacturing sachet packaging solutions was to target low-income group people and focusing on the largest mass market.
The global plastics tube market is expected to witness growth at a moderate CAGR during the forecast period. Packing innovation is an important part of tube market growth. Advanced packaging technology has allowed companies to introduce innovation in products rather than adhere to traditional packaging methods.
The global cosmetic tubes market is projected to
witness a considerable growth rate by exhibiting a significant CAGR
during the forecast period. The cosmetic tubes are used to completely
cover, safely store, and transport a cosmetic product to the intended
audience.
Aerospace foams are made up of low density and structured material such as vibration dampers and cushioning. These foams have various properties such as high durability, lightweight, high tensile strength, and rotor blades. The major factor driving the growth of the global aerospace foam market is the increasing demand for low-cost transport aircraft, which leads to the enhancement of aerospace foam.
Aerosol packaging allows manufacturers to esthetically amplify the appearance of a product, making it attractive to consumers. In the retail, wholesale, industrial and commercial sectors, an aerosol packaging has become one of the most essential aspects of product packaging.
The global plastics caps and closures market is expected to grow with a moderate rate during the forecast period. Plastics caps and closures provide a barrier to dirt, moisture, and oxygen and keep the product secure from undesired premature opening.
The global long fiber thermoplastic market is expected to grow at a significant rate over the forecast period. Major factors augmenting the market growth include surging application of long-fiber thermoplastics across automotive, consumer goods, sporting goods, industrial goods, and others. Growing automotive industry across the globe is primarily augmenting the demand for long-fiber thermoplastic components.
Plastics is the term commonly used to describe a wide range of synthetic or semi-synthetic materials that are used in a huge and growing range of applications. Plastics are a whole family of hundreds of different materials, designed to meet the requirement of every single application in the most efficient way possible.
The global athletics footwear market is growing at a considerable CAGR of 4.0% during the forecast period (2021-2027). The market growth is mainly augmented by an increase in the importance of fitness activities due to the rise in the prevalence of chronic diseases such as obesity, depression, and diabetes among others across the globe.
The global polymer dispersion market is growing at a considerable CAGR of 8.1% during the forecast period. Implementation of strict rules and regulation related to environment is creating market for green coatings is one of the prime factors affecting and driving the market.
The global polymer stabilizer market is projected to grow at a CAGR of 4.8% during the forecast period. Polymers are exposed to environments such as heat, cold, and UV radiation. Due to extreme conditions, the polymers can change their form.
The global protective gloves market is anticipated to grow at a CAGR of 8.9% during the forecast period. Gloves are used in different applications and industries to protect the body parts of the working person especially hands.
Global conductive polymers market is predicted to grow at a significant
rate during 2018-2023. Conducting polymers are organic polymers that are
thermally conductive and have been attracting much interest in various
applications. Rising demand for consumer electronic goods has been the
major factor driving market growth.
The global polybutylene succinate market is growing at a considerable CAGR of 9.3% during the forecast period (2021-2027). PBS is a thermoplastic polymer resin synthesized from poly-condensation of succinic acid and 1-4 butanediol (BDO).
The global market for fiberglass fabric is projected to have a CAGR of 6.7% during the forecast period. A fiberglass fabric and glass fibers are of bulk, chopped fibers, or continuous strands of glass. Glass fibers and fiberglass cloth is used in reinforced plastics and composites as well as other specialized electrical and thermal applications.
The global high barrier film packaging market is growing at a considerable CAGR of 5.2% during the forecast period. Rising demand for advance packaging is one of the prime factors affecting and driving the market.
A Jerry can is a liquid storage container. It was originally designed to hold 20 liters of fuel for military use in the 1930s. The recent types of jerry cans are developed through continuous development. Jerry cans are now available in different sizes, shapes, designs, and color. For instance, red color represents gasoline, yellow is kerosene and blue color for diesel. One such development, for instance, is the explosive safe Jerry cans.
The Cable tie market is expected to grow at CAGR of 8.6% from 2016 to 2021. Non-releasable cable-tie is the largest segment of global cable tie market. Heat stabilized and mounting hole are high in demand and growing at a CAGR of xx% from 2016-2021. Use of cable tie in construction and consumer good is increased recently.
The global polyurethane market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. Polyurethane's chemical composition allows for molded shapes and added comfort and convenience to industrial and consumer products. A wide range of polyurethane applications is driving the polyurethane market. Mechanical properties such as durability, strength, and lightweight make polyurethane a very important material in day-to-day life. Changing lifestyle and material preferences is a major driver in the furniture and bedding segment of polyurethanes. For Instance in 2019, According to American Chemistry Council, $89.3 Billion in total output was generated by polyurethanes in the US and according to CPI (Center for the polyurethanes industry) Flexible polyurethane foam accounts for about 30 percent of the entire North American polyurethane market, and is used largely for bedding, furniture and in the automotive industry.
The global market for automotive tires is projected to have a considerable CAGR during the forecast period. Post-COVID-19, the market will be driven by the increasing automobile production & sales, advancement in tire manufacturing technology, and the rise in competition among tire manufacturers.
Masterbatch are defined as solid or liquid additives that are used for colouring plastics and imparting other properties to plastics. It is a mixture of carrier resins, pigments, and additive. Masterbatch are widely used in colouring raw polymers during the plastic manufacturing process.
The global rubber track market is anticipated to grow at a significant CAGR of 4.2% during the forecast period. Rubber tracks are used in off-road vehicles to offer improved stability on slopes and uneven terrains. They are made of a tear-resistant compound and a mixture of natural and synthetic rubbers with steel cords and inflated metal cores. The combination provides a smoother ride, minimizing noise, and vibration on harder surfaces, and improved flexibility and floatation. The global rubber track market is growing significantly across the globe due to rising demand from end-users which includes agriculture, construction, military, and other sectors.
Synthetic rubber market is expected to grow at CAGR of 7% from 2016 to
2021. A wide range of applications are driving the Rubber market.
Mechanical properties such as durability, strength and light weight make
Rubber a very important material in the day to day life. Tyre and
Automobile is the largest application market for synthetic rubber.
The global thermoplastics market is growing at a CAGR of nearly 9.5% during the forecast period. The major factors that are accelerating the market growth include rising application in consumer goods and electronics industries and growth in the packaging industry.
The global polyolefin market is expected to grow at CAGR of 4.5% from
2016 to 2021. The packaging is the largest application market of polyolefin however plastic use in agriculture is the fastest growing segment of polyolefin with a CAGR of xx% from 2016-2021. Plastic is very essential material in daily life. Higher demand from packaging and automobile segments are driving the market.