#Indonesia Flexible Electronic Market

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Vietnam Importer of PVCVietnam is one of the biggest manufacturing and trading countries in South East Asia due to increased economic growth and industrialization in the country in the 21st century. As for such industries, PVC utilization has especially been realized. This versatile material is used in constructing buildings, packing, automotive and electric industries, among others, is gradually being imported to serve a fast-growing economy of Vietnam.

This blog will let you know the importance of PVC in Vietnam industries, the key market players of Vietnam and the major exporters and importers of PVC. Key Highlights:- The total value of PVC imported by Vietnam between Sep 2023 - Aug 2024 is approx $46 billion. -  PVC’s major exporters include the People’s Republic of China, Japan, Taiwan and Indonesia.

- PVC has the HSN code 39041092.

- PVC is widely applied in many sectors for construction purposes, packing industries and automotive industries and many more.

Properties of PVC and Their Uses

PVC is majorly used for construction, packaging and automotive in Vietnam. It is used majorly in applications such as:

Construction Materials: The most common application of PVC is in the fabrication of pipes; window frames; floor tile and roofing sheets etc.

Packaging: In packaging, it functions as a flexible film or a rigid container and so qualifies as a useful material in packaging.

Automotive: Automotive application of PVC includes interiors, wire insulation and underbody coatings.

Electrical and Electronics: PVC provides great insulation characteristics thus it is most commonly used in electrical cables and fittings.

Healthcare: PVC is also used in the manufacturing of medical products like IV bags, tubing, and gloves.

According to Vietnam PVC import data, PVC has many uses and, thus, it is vital to many of Vietnam’s rapidly advancing industries. The Demand for PVC in VietnamAccording to Vietnam import export data, the reason behind the import of PVC in such a large quantity is mentioned below:

1. Construction Industry Boom

The construction industry in Vietnam has been rapidly growing primarily due to the expansion of infrastructure brought by urbanization. The government has set up extensive infrastructure requirements in the form of roads, bridges, housing structures which has led to utilization of PVC material like pipes, profiles and sheets etc.

2. Growing Manufacturing Sector

In today’s time, Vietnam is one of the leading manufacturing power houses in the world especially in electronics, textiles and automobiles. These sectors need PVC for different parts including electrical wiring and synthetic leather.

3. Packaging Industry Expansion

The food and beverage industry has benefited from this by extending their packaging life and reduced weight. Making PVC as the material at the center of cost-efficient packaging makes PVC an indispensable resource in the sector.

4. Export-Oriented Economy

Vietnam’s economy is dependent on industries in the agriculture and seafood sectors that require premium quality PVC for safe packaging in accordance with global standards.

Market Players of PVC Imports in Vietnam

As per Vietnam import data, several entities play an essential role in Vietnam’s PVC import industry, few are:

Importers and Distributors: Some of the local firms that supply and distribute PVC to other businesses users across different sectors.

Global Suppliers: Purchasers have focused on preserving the technological forefront and reasonable pricing in the supply chain which is controlled mainly by Asian nations including China, South Korea, and Japan.

Industry Associations: Vietnam plastics associations help in trade and market connection among interest groups.

Government Entities: Importation standards, tariff and certification is controlled and regulated by various bodies to make sure that PVC products in the market are safe to use. Major Exporters of PVC to Vietnam. According to Vietnam trade data, there are a total of 26 countries that supply or export PVC to Vietnam. The major countries list is mentioned below: 1. China 2. Taiwan 3. Indonesia 4. USA 5. South Korea 6. Thailand 7. Malaysia 8. Japan 9. Singapore 

Difficulties Encountered in PVC Import Business

Despite its promising growth, the PVC import sector in Vietnam faces several challenges. Few of the challenges are: 

1. Fluctuating Global Prices

Costs such as the raw materials and productive abilities depend on the market forces and other geopolitical factors whereby the prices of PVCs are not exempted. Such fluctuation can be of great concern to the profit margin of importers and distributors of the products.

2. Regulatory Compliance

Vietnam fixes very serious quality and health check points to standardise quality PVC products to discourage importation. 

3. Supply Chain Disruptions

Issues such as global outbreaks of COVID-I9 and other conflicts have exposed weaknesses in supply chain management. On the other hand, there are issues like, delay in shipment/transport, shortage of containers, and high transport fare are issues that bother PVC importers. 

4. Environmental Concerns

PVC production and disposal have become a major issue, so they have received much attention from consumers and authorities. That is why it is necessary for the importers to consider that the products they import are environmentally friendly and meet the main eco requirements.

How to begin the Importation of PVC Plastic products in Vietnam?

For global suppliers and new entrants looking to capitalize on Vietnam’s growing demand for PVC, the following steps can guide their market entry:

Market Research: Take your time to find out the potential from demand and supply side and key players in the market as well as legal requirements for the emerging market. For accurate and precise data, you can hire Vietnam Trade Data. Our platform is a Vietnam import export data provider who enables you to access data from across 200+ countries. 

Regulatory Compliance: To avoid any hindrances when dealing with imports it is important to familiarize with the regulations, certifications and standards in relation to importing.

Building Partnerships: Maintain good relations with suppliers in the country, manufacturers, and relevant associations.

Investing in Marketing: Advertise your products as being affordable, of high quality, and from sustainable sources to be able to lure customers.

Leveraging Technology: Avail and apply digital technologies in supply chain operations, and improve customer interactions. Conclusion:Finally, Vietnam has become a large market for Polyvinyl Chloride (PVC) due to its increasing industrialisation and diverse economy. It can’t be unnoticed that PVC is now greatly involved in construction and packaging, automotive and many other industries that are quickly growing in the country. Vietnam is still an attractive market for PVC importation, with the challenge of having been decorated by among other factors, fluctuating global prices, including regulatory challenges and environmental factors. Through good alliance and cooperation, compliance with the set rules and regulations, and promotion of innovation, the market holds greater opportunities for civil and commercial businesses. Vietnam presents the proper approach to demand for PVC as a highly profitable opportunity for both international sellers and local dealers.

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Electroactive Polymers Market — By Type , By Application , By Geography — Global Opportunity Analysis & Industry Forecast, 2024–2030

Electroactive Polymers Market Overview

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Electroactive Polymers Market COVID-19 Pandemic

The outbreak of Covid-19 is having a huge impact on the economy of electronic devices. The COVID-19 pandemic caused an unprecedented increased demand for some medical devices, as well as significant disruptions in the manufacturing and supply chain operations of global medical devices. The FDA monitors the supply chain of medical products and works closely with producers and other stakeholders to assess the risk of disruption and to prevent or reduce its impact on patients, health care providers, and the general public’s health. In addition, there is a delay in imports and exports of medical devices due to the import-export restriction by the governments in various regions. All these factors are having a major impact on the Electroactive Polymers Market during the pandemic.

Report Coverage

The report: “Electroactive Polymers Market — Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the electroactive polymers Industry.

By Type: Ionic Electroactive Polymers (Ionic Polymer Gels (IPG), Ionic Polymer Metal Composites (IPMC), Conductive Polymers (CP), and Carbon Nanotubes (CNT)), Electronic Electroactive Polymers (Ferroelectric Polymers, Electrostrictive Graft Elastomers, Dielectric Elastomers, Electro VIscoelastic Elastomers, Liquid Crystal Elastomer (LCE), and Others), and Others.

By Application: Actuators, Sensors, Plastic, Aviation Technology, Energy Generation, Automotive Devices, Prosthetics, Robotics, and Others.

By Geography: North America (U.S., Canada, and Mexico), Europe (U.K, Germany, France, Italy, Netherland, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

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Key Takeaways

Asia-Pacific dominates the Electroactive Polymers Market owing to the increasing demand for the electroactive polymers industry in the region. The increasing urbanization coupled with the rising population in APAC is the major factor driving the demand for electroactive polymers.

Electroactive polymers are extensively used for corrosion-preventing coatings in ferrous and non-ferrous alloys, actuators, damped harmonic oscillator, metamorphic biomaterials, and protective fabrics points. These properties of electroactive polymers are projected to increase market growth.

Electroactive polymers due to its unique properties find application in different end-use industries. These are lighter in weight, more durable, and have better conductive properties, unlike conventional materials (metals). During the forecast period, this factor is anticipated to drive the market.

Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which the projects and operations of various industries such as energy generation and automotive are disruptively stopped, which is hampering the Electroactive Polymers Market growth.

Electroactive Polymers Market Segment Analysis — By Type

The conductive polymers segment held the largest share in the Electroactive Polymers Market in 2020 and is growing at a CAGR 8.10% over 2024–2030. The significant class of functional materials that have certain useful properties of both organic polymers (such as strength, plasticity, flexibility, strength, elasticity) and semiconductors (such as electric conductivity) are conducting polymers (CPs). The conductive polymers are often used in miniature boxes that have the ability to open and close, micro-robots, surgical tools, surgical robots that assemble other micro-devices. In addition, conductive polymers (CPs) are extensively used as an alternative to metallic interfaces within biomedical devices as a way of imparting electroactivity to normally passive devices such as tissue scaffolds. Thus, all these extensive characteristics of conductive polymers are the key factor anticipated to boost the demand for conductive polymers in various regions during the forecast period.

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Electroactive Polymers Market Segment Analysis — By Application

The actuator segment held the largest share in the Electroactive Polymers Market in 2020 and is expected to grow with a CAGR of 7.2% for forecast period. To maximize the actuation capability and durability, effective fabrication, shaping, and electrode techniques are being developed. Many engineers and scientists from many different disciplines are attracting attention with the impressive advances in improving their actuation strain. Due to their inherent piezoelectric effect, ferroelectric polymers, such as polyvinylidene fluoride (PVDF), are largely used in manufacturing electromechanical actuators. For biomimetic applications, these materials are especially attractive, as they can be used to make intelligent robots and other biologically inspired mechanisms. To form part of mass-produced products, many EAP actuators are still emerging and need further advancements. This requires the use of models of computational chemistry, comprehensive science of materials, electro-mechanical analytical tools, and research into material processing. Which will eventually drive is the Electroactive Polymers Market during the forecast period.

Electroactive Polymers Market Segment Analysis — By Geography

Asia-Pacific region held the largest share in the Electroactive Polymers Market in 2020 up to 38%, owing to the escalating medical device industry in the region. A key factor behind the growth of the region’s electroactive polymer market is the large demand for electroactive polymers for the manufacture of advanced implant devices for medical conditions. According to Invest India, the Indian medical device sector is projected to register a CAGR of 14.8% and is expected to reach $11.9 billion in 2021–22, and the sector is projected to reach $ 65 bn industry by 2024. According to the most recent official figures from the Ministry of Health, Labour and Welfare (MHLW), the Japanese medical devices market in 2018 was roughly $29.3 billion, up about 6.9 percent from 2017 in yen terms. And from 2018 to 2023, the medical device market in Japan is estimated to show an increment of 4.5% CAGR in yen terms. Furthermore, North America also holds a prominent market share of the Electroactive Polymers Market due to the escalating medical device industry. According to the Select USA, the United States medical device market is anticipated to rise to $208 billion by the year 2023. Thus, with the expanding medical device industry, the demand for electroactive polymers will also subsequently increase, which is anticipated to drive the Electroactive Polymers Market in the Asia Pacific and North America during the forecast period.

Electroactive Polymers Market Drivers

Increasing Automotive Production

In the automotive industry, electroactive polymers are used as actuators and sensors. For materials that are light in weight but strong and durable such as an electroactive polymer, there is high demand. By using modern electroactive polymers in numerous automotive electronic components, such as multiple sensors, accelerometers, and accelerator pedal modules, car manufacturers are attempting to achieve lightweight properties. China is the world’s largest vehicle market, according to the International Trade Administration (ITA), and the Chinese government expects the production of cars to reach 35 million by 2025. According to the International Trade Administration (ITA), in 2019 the Mexican market for electric, plug-in vehicles, and hybrid vehicles reached 25,608 units, representing a 43.8% growth over 2018. Thus, increasing automation production will require more electroactive polymers for manufacturing various automotive components, which will act as a driver for the Electroactive Polymers Market during the forecast period.

Increasing Application of Electroactive Polymers

Textiles called sensing and actuating microfibers can be directly woven into electromechanical systems such as sensors, actuators, electronics, and power sources. They can be used as smart fabrics because of the flexibility and low cost of electroactive polymers. In developing intelligent fabrics, polypyrrole and polyaniline are used. In addition, using electroactive polymers in robotics for muscle development is better, as it is more cost-effective than the semiconductor and metal materials. And robotics is widely used; hence the demand for electroactive polymers will also positively affect the market growth. Furthermore, Electroactive Polymers Market growth is increasing owing to its wide usage in areas such as medical devices, damped harmonic oscillator, electric displacement field, electrostatic discharge/electromagnetic interference, high-strain sensors, and biomimetic. Hence, the increasing application of electroactive polymers acts as a driver for the Electroactive Polymers Market.

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Electroactive Polymers Market Challenges

Environmental Hazards Related to the Electroactive Polymers

Raw materials which are used to produce electroactive polymers (EAPs) are difficult to extract and often harmful to the environment. The disposal of waste generated by electroactive polymers is one of the major concerns (EAPs). Improper disposal of EAP products could harm the environment and ultimately impact the food chain. Manufacturers of EAPs may experience increased costs associated with the disposal of certain electroactive polymers (EAPs) that cannot be disposed of by biodegradation. The government has, therefore, enforced strict regulations on the use of such polymers. Besides, the environmental regulations on the use of petroleum products restrict the growth of the EAPs market. These factors are hampering the electroactive polymer market growth.

Electroactive Polymers Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Electroactive Polymers Market. Major players in the Electroactive Polymers Market are Solvay, Parker Hannifin, Agfa-Gevaert, 3M, Merck, Lubrizol, Novasentis, Premix, PolyOne Corporation, Celanese Corporation, and KEMET Corporation.

Key Market Players:

The Top 5 companies in the Electroactive Polymers Market are:

Merck

3M

Solvay

Parker Hannifin

Agfa-Gevaert

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Linear Low-Density Polyethylene Market Size, Share, Trends, Growth and Competitive Outlook

"Global Linear Low-Density Polyethylene Market – Industry Trends and Forecast to 2027

Global Linear Low-Density Polyethylene Market, By Process Type (Gas Phase, Slurry Loop, Solution Phase), Application (Films, Rotomolding, Injection Molding, Others), End-User Industry (Packaging, Building and Construction, Automotive, Electrical and Electronics, Agriculture, Household, Leisure, Sports), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027

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**Segments**

- By Product Type: - Butene-LLDPE - Hexene-LLDPE - Octene-LLDPE

- By Application: - Films - Extrusion Coating - Injection Molding - Rotomolding - Others

- By End-Use Industry: - Packaging - Agriculture - Automotive - Construction - Others

Linear low-density polyethylene (LLDPE) market is segmented based on product type, application, and end-use industry. The product type segment includes butene-LLDPE, hexene-LLDPE, and octene-LLDPE. Butene-LLDPE is widely used due to its versatile properties and cost-effectiveness. Hexene-LLDPE offers improved toughness and puncture resistance, making it suitable for applications requiring durability. Octene-LLDPE provides excellent strength and sealability, making it ideal for high-performance packaging solutions.

When it comes to applications, LLDPE is utilized in various sectors such as films, extrusion coating, injection molding, and rotomolding. Films segment dominates the market owing to the extensive use of LLDPE in packaging films, agricultural films, and industrial films. Extrusion coating applications are growing due to the increasing demand for protective coatings in the food and beverage industry. Additionally, LLDPE's use in injection molding offers manufacturers the advantage of producing intricate shapes with high efficiency.

Moreover, the end-use industry segment of the LLDPE market includes packaging, agriculture, automotive, construction, and others. The packaging industry holds a significant share as LLDPE is a preferred choice for flexible packaging due to its moisture barrier properties. In the agriculture sector, LLDPE is extensively used in greenhouse films, mulching films, and silage wrap. The automotive industry utilizes LLDPE for various components such as fuel tanks, bumper fascia,The linear low-density polyethylene (LLDPE) market segmentation by product type, application, and end-use industry provides a comprehensive understanding of the diverse usage and demand patterns of this versatile polymer. The product type segment reveals the distinct properties and applications of butene-LLDPE, hexene-LLDPE, and octene-LLDPE. Butene-LLDPE stands out for its balanced properties and cost-effectiveness, making it a popular choice in various industries. Hexene-LLDPE offers enhanced toughness and puncture resistance, catering to applications where durability is paramount, such as in heavy-duty packaging. Octene-LLDPE, known for its superior strength and sealability, finds niche applications in high-performance packaging solutions requiring robust barrier properties.

Moving on to the application segment, LLDPE finds versatile use in films, extrusion coating, injection molding, rotomolding, and other diverse applications. Films, being the dominant application, witness a strong demand for LLDPE due to its flexibility, transparency, and moisture barrier properties. This segment encompasses packaging films for food and non-food items, agricultural films for crop protection and mulching, and industrial films for various industrial applications. The extrusion coating application is gaining traction, driven by the need for protective coatings in the food and beverage industry to ensure product safety and freshness. Meanwhile, injection molding applications capitalize on LLDPE’s moldability, enabling the production of intricate shapes with high efficiency, especially in the manufacture of automotive components, consumer goods, and medical devices.

In the end-use industry segment, the LLDPE market caters to packaging, agriculture, automotive, construction, and other sectors. The packaging industry emerges as a key consumer of LLDPE, leveraging its moisture barrier properties, flexibility, and cost-effectiveness for a wide range of packaging solutions. In agriculture, LLDPE plays a vital role in greenhouse films, mulching films, and silage wrap, offering protection and enhancing crop**Global Linear Low-Density Polyethylene Market**

- **Process Type** - Gas Phase - Slurry Loop - Solution Phase

- **Application** - Films - Rotomolding - Injection Molding - Others

- **End-User Industry** - Packaging - Building and Construction - Automotive - Electrical and Electronics - Agriculture - Household - Leisure - Sports

The global linear low-density polyethylene (LLDPE) market is witnessing significant growth, driven by the increasing demand for flexible and durable packaging solutions across various industries. The market segmentation based on process type, application, and end-user industry offers valuable insights into the consumption patterns and opportunities in the LLDPE market. Gas phase, slurry loop, and solution phase are the key process types in LLDPE production, each offering distinct advantages in terms of efficiency, cost-effectiveness, and product quality.

In terms of applications, LLDPE finds extensive usage in films, rotomolding, injection molding, and other specialized applications. Films remain a dominant application segment, with LLDPE being the preferred choice for packaging films due to its excellent moisture barrier properties and flexibility. The rotomolding segment is witnessing growth, driven by the demand for durable and lightweight products in industries such as automotive, agriculture, and leisure. Injection molding applications of LLDPE are gaining traction due to the polymer's versatility in producing

Key points covered in the report: -

The pivotal aspect considered in the global Linear Low-Density Polyethylene Market report consists of the major competitors functioning in the global market.

The report includes profiles of companies with prominent positions in the global market.

The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.

The driving factors for the growth of the global Linear Low-Density Polyethylene Market are thoroughly explained along with in-depth descriptions of the industry end users.

The report also elucidates important application segments of the global market to readers/users.

This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.

The experts also evaluate the export/import policies that might propel the growth of the Global Linear Low-Density Polyethylene Market.

The Global Linear Low-Density Polyethylene Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Linear Low-Density Polyethylene Market Landscape

Part 04: Global Linear Low-Density Polyethylene Market Sizing

Part 05: Global Linear Low-Density Polyethylene Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Reasons to Buy:

Review the scope of the Linear Low-Density Polyethylene Market with recent trends and SWOT analysis.

Outline of market dynamics coupled with market growth effects in coming years.

Linear Low-Density Polyethylene Market segmentation analysis includes qualitative and quantitative research, including the impact of economic and non-economic aspects.

Regional and country level analysis combining Linear Low-Density Polyethylene Market and supply forces that are affecting the growth of the market.

Market value data (millions of US dollars) and volume (millions of units) for each segment and sub-segment.

and strategies adopted by the players in the last five years.

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Polyvinyl Chloride (PVC) Resin Market - Forecast(2024 - 2030)

Polyvinyl Chloride (PVC) Resin Market Overview

The Polyvinyl Chloride (PVC) Resin Market size is estimated to reach US$86.2 billion by 2027, after growing at an estimated CAGR of 4.7% during the forecast period 2022-2027. Polyvinyl Chloride (PVC) resin is a thermoplastic resin manufactured by polymerization of vinyl chloride monomers. It is extensively used over polypropylene, polyethylene terephthalate and polyethylene owing to its superior impact strength and stiffness. The PVC resin has major utilization in the building and construction sector due to superior features such as strength, preference over metal materials, lightweight, durability and non-toxicity, thereby driving the polyvinyl chloride (PVC) resin market. In addition, the rise in medical and healthcare projects is fueling its demand for a wide range of applicability in blood transfusion sets, emergency burns treatment, bedding covers and others, thereby offering growth in the polyvinyl chloride (PVC) resin industry. The major disruption caused by the COVID-19 outbreak impacted the growth of the Polyvinyl Chloride (PVC) Resin market due to disturbance in manufacturing, closure of construction sites, falling vehicle production, supply chain disruption and other lockdown restrictions. 

Polyvinyl Chloride (PVC) Resin Market Report Coverage

The “Polyvinyl Chloride (PVC) Resin Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyvinyl Chloride (PVC) Resin Industry.

By Type: Rigid and Flexible.

By Application: Dashboards, Consumer Electronics, Sealants, Electric Wires, Flooring, Pipes, Cable Insulation and Others.

By End-use Industry: Automotive (Passenger Vehicles [PVs], Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs]), Building & Construction (Residential, Commercial, Industrial and Infrastructural), Electrical & Electronics (Computer, Fuse Boxes and Others), Medical & Pharmaceuticals, Consumer Goods and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and Rest of the Middle East] and Africa (South Africa, Nigeria and the Rest of Africa)].

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Key Takeaways

North America dominates the Polyvinyl Chloride (PVC) Resin Market, owing to growth factors such as the flourished base for the construction sector, rising healthcare spending and urbanization. They would continue to boost the market in this region.

The flourishing building & construction sector across the world is propelling the demand for Polyvinyl Chloride (PVC) Resin for various applications such as flooring, pipes & fittings, roofing and others, thereby influencing the growth in the Polyvinyl Chloride (PVC) Resin market size.

The growing demand for Polyvinyl Chloride (PVC) Resin over polypropylene, polyethylene, polyethylene terephthalate and others for medical applications in blood sets, coverings and others is fueling the growth in the market.

However, the environmental threats associated with PVC act as a challenging factor in the Polyvinyl Chloride (PVC) Resin industry.

Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Type

The flexible segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.6% during the forecast period 2022-2027. The demand for flexible PVC resin type is growing due to factors such as strong application scope over rigid type, excellent insulation, non-toxicity and stability. The applicability of flexible polyvinyl chloride is surging in the residential construction sector for roofing, home flooring, sealants and others. In addition, increasing usage of electrical wires and cables in electronics is also boosting its demand. Thus, with established utilization across major end-use sectors, the flexible Polyvinyl Chloride (PVC) Resin type is anticipated to grow rapidly during the forecast period.

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Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by End-use Industry

The building & construction segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.9% during the forecast period 2022-2027. The polyvinyl chloride (PVC) resin has major applications over other resins such as polypropylene, polyethylene, polyethylene terephthalate and others in the building and construction sector. It is mainly used for flooring, roofing, sealants, pipe & fittings, cladding and others due to its superior strength, versatility, lightweight and durability. For instance, according to Oxford Economics, the global construction output in 2020 accounted for US$10.7 trillion and is projected to grow by 42% to reach US$15.2 trillion between 2020 and 2030. According to European Construction Industry Federation (FIEC), construction activity increased by 10.3% in volume in France for the year 2021 compared to 2020. According to the National Investment Promotion & Facilitation Agency, the construction sector in India is projected to reach US$1.4 trillion by the year 2025. With the established base for construction activities, the applicability of this thermoplastic resin for flooring, home roofing and others is risin. These are the reasons why the production and growth scope for Polyvinyl Chloride (PVC) Resin is projected to rise rapidly during the forecast period.

Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Geography

North America held a significant Polyvinyl Chloride (PVC) Resin Market share of up to 17.6% in 2021. The lucrative growth scope for polyvinyl chloride (PVC) resin in this region is influenced by the flourished base for the construction sector, rising healthcare production and rapid urbanization. For instance, according to the United States Census Bureau, the total privately-owned housing units completed in the U.S rose from 1,326 thousand units in December 2021 to 1,465 thousand units in May 2022. According to the Conference Board of Canada, the residential construction investment rose by 7.6% in March 2021 to US$10.99 billion over the past 11 months. According to the International Trade Administration (ITA), the forecasted construction value in Mexico increased from US$72.89 billion in 2020 to US$82.56 billion in 2022. Furthermore, the new housing construction is expected to hold 22% of the housing investment through 2024. Thus, with an increase in construction production and investment activities in North America, demand and production for PVC resins are growing, which, in turn, is anticipated to boost the growth scope for Polyvinyl Chloride (PVC) Resin market in North America during the forecast period.

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Polyvinyl Chloride (PVC) Resin Market Drivers

Rapid Growth of the Automotive Industry :

Polyvinyl Chloride (PVC) Thermoplastic Resins have significant demand in the automotive sector for applications in automotive door panels, seat covering, coatings and others. The automotive industry is rapidly flourishing owing to growth factors such as a rise in passenger vehicle demand, vehicle electrification, growing public transportation and rising income level. For instance, according to the European Automobile Manufacturer Association, South America car production grew by 11% while US car production grew by 3.1% in 2021. According to the China Association of Automotive Manufacturers (CAAM), the production and sales of new energy vehicles reached 1.29 million units and 1.25 million units in the quarter 1st of 2022 respectively, marking a rise of 140% year-on-year. According to the International Organization of Motor Vehicles Manufacturers (OICA), the global production of passenger cars increased from 55,834,456 units in 2020 to 57,054,295 units in 2021. With the increase in automotive vehicle production, the utilization of PVC resin in the vehicle body, seating and others is rising, which, in turn, is driving the Polyvinyl Chloride (PVC) Resin industry.

Flourishing Growth of the Electrical & Electronics Industry:

The Polyvinyl Chloride (PVC) Resin is widely used in the electrical and electronics sector for applicability in wires and cables, computers, lighting and others, owing to superior insulation and durability. The lucrative growth in the electronics sector is influenced by growth factors such as robust demand for consumer electronic devices, soaring production base and urbanization. According to the LG Electronics annual report, the sales of electronic appliances increased by 28.7% to reach US$65.32 billion in 2021 over 2020. According to OBERLO, the total revenue of consumer electronics in the US is expected to increase by 7.5% in 2023. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of consumer electronic equipment in Japan increased from US$215 million in January 2022 to US$230 million in March 2022. With the rise in electronics device production and growth scope, the utility and production of Polyvinyl Chloride (PVC) Resin for applications in electrical appliances are rising, thereby driving the Polyvinyl Chloride (PVC) Resin industry.

Polyvinyl Chloride (PVC) Resin Market Challenge

Harmful Impacts of Polyvinyl Chloride (PVC) Resin on Environment :

Polyvinyl Chloride Resin, which is used in making PVC plastic, poses severe toxicity. The PVC resin plastic is produced through chlorine-based chemicals and releases toxic fumes in the environment, which creates an environmental hazard. The PVC releases a large number of dioxins, hydrocarbons, phthalates and other harmful substances during production and waste disposal, thereby leading to air pollution and human health threat. Moreover, PVC is non-biodegradable and leads to soil, air and water damage. Thus, owing to such harmful effects on the environment, the utilization and applicability of PVC face slowdown. Due to this reason, the Polyvinyl Chloride (PVC) Resin industry anticipates major obstacles in its growth.

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Polyvinyl Chloride (PVC) Resin Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polyvinyl Chloride (PVC) Resin Market. The 10 companies in the Polyvinyl Chloride (PVC) Resin Market are:

LG Chem

Kem One

Cires SA

SCG Chemicals Co. Ltd.

Braskem

Mitsubishi Chemical Corporation

INEOS Group

Solvay

Shin-Etsu Chemical

Recent Developments

In July 2022, Meghmani Finechem Limited commissioned the largest chlorinated polyvinyl chloride resin plant. The latest CVC unit has a capacity of up to 40,000 TPA which fulfills the demand in the PVC business.

In April 2021, LG Chem announced the production of sustainable materials, including polyvinyl chloride, at its polymerization plant in Yosu and Iksan.

In October 2020, AGR resin, which is a modified polyvinyl chloride resin of Xinjiang Zhongtai Chemical Fukang Energy Company, passed the Standard Project Evaluation to offer excellent durability and strength.

[creativeera]

Ultra Mobile Devices Market Estimated to Witness High Growth Owing to Increasing Adoption

The ultra mobile devices market includes devices such as smartphones, tablets, laptops and convertible laptops, with compact form factor and light weight attributes. These devices facilitate portability and ease of use for consumers on the go. Technological advancements have enabled features such as high processing power, large storage capacity and connectivity options in ultra thin and light weight form factors. Ultra mobile devices offer advantages such as multi-tasking and flexible workspace owing to the hybrid functionality of laptops and tablets. The need for such compact yet powerful mobile computing devices has increased among mobile workers, students and general consumers worldwide for everyday productivity and entertainment needs.

The Ultra Mobile Devices Market is estimated to be valued at USD 48.64 Bn in 2024 and is expected to reach USD 91.28 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.

Key Takeaways Key players operating in the ultra mobile devices market are Apple Inc., HTC Corporation, Dell Inc., Sony Corporation, Lenovo, HP Development Company, L.P., Google Inc., Qualcomm Technologies, Inc. , Microsoft Corporation, Samsung Electronics Co., Ltd., Intel Corporation, TCL Communication and ASUSTeK Computer Inc. These players are focusing on new product launches and innovations to expand their product portfolio and market share. Some key opportunities in the Ultra Mobile Devices Market Demand for 2 in 1 convertible laptops , growing BYOD trends and integration of advanced connectivity including 5G. Globally, the market is expected to witness highest growth in the Asia Pacific region owing to rising disposable incomes, large population and expanding e-commerce industry in the region. Market drivers The increasing adoption of smart mobile devices among the young demographic is a key driver for this market. Growing access to high speed internet, especially with the rollout of 5G network connectivity, is enabling consumers to stream and access multimedia content online through these devices. The trend of digital transformation across industries is also fueling demand for compact and powerful portable devices for field office applications. Continued investments by technology companies in developing advanced processors, storage and display technology are expected to further accelerate adoption of ultra mobile devices in the forecast period.

PEST Analysis Political: The government policies and regulations supporting digitization and adoption of advanced technologies are boosting the ultra mobile devices market. Some policies encourage adoption of tablets and ultrabooks for education and e-governance purposes. Economic: Rising disposable incomes and spending capabilities of consumers are fueling the demand for premium and advanced ultra mobile devices. However, economic slowdowns can negatively impact consumer spending. Social: Younger generations and mobile-first consumers hugely prefer ultra portable devices for connectivity, entertainment and productivity on the go. Social media usage and mobility trends promote the market growth. Technological: Advancements in processors, batteries, display technologies and ultra-thin designs are enabling manufacturers to introduce powerful yet highly portable devices. Miniaturization of components allows inclusion of advanced features in compact form factors. The ultra mobile devices market in terms of value is highly concentrated in North America and Western Europe owing to high technology adoption rates and spending power of consumers in these developed regions. The United States accounts for the largest share currently due to strong presence of key players and widespread digitalization. Asia Pacific is poised to witness the fastest growth during the forecast period led by countries like China, India and Indonesia. Rising disposable incomes, growing middle class population and increasing penetration of internet and smartphones are driving the demand for affordable yet feature-rich ultra mobile devices in Asia Pacific. Manufacturers are also shifting production facilities to Asia for cost benefits.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

[electronalytics]

Spiral Wrapping Bands Market Analysis, Outlook & Forecast till 2033

Introduction

Spiral wrapping bands are versatile tools used for organizing and protecting cables and wires in various settings, including industrial, commercial, and residential environments. These bands are made from durable materials such as polyethylene, nylon, or PVC, and are designed to be flexible and easy to use. They help in managing cable clutter, enhancing safety by reducing trip hazards, and protecting cables from wear and tear. The market for spiral wrapping bands is growing due to increasing demand for efficient cable management solutions in various sectors.

Market Drivers

Growing Industrial Automation: The rise of industrial automation has led to an increased use of machinery and equipment that rely on extensive cabling. Spiral wrapping bands are essential in organizing and protecting these cables, which drives their demand.

Expansion of IT and Telecom Sector: The rapid growth of the IT and telecom industries necessitates effective cable management solutions to handle the vast amounts of cabling in data centers, server rooms, and communication networks. Spiral wrapping bands provide an efficient solution for this need.

Increased Focus on Safety and Aesthetics: Both commercial and residential sectors are placing greater emphasis on safety and aesthetic appeal. Proper cable management not only reduces the risk of accidents but also improves the visual appeal of spaces, contributing to the popularity of spiral wrapping bands.

Growing Use in Automotive and Aerospace Industries: The automotive and aerospace industries are increasingly utilizing spiral wrapping bands to manage the complex cabling systems within vehicles and aircraft, ensuring safety, reliability, and ease of maintenance.

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Market Segmentations:

Global Spiral Wrapping Bands Market: By Company Nyfast Y.Y. CABLE ACCESSORIES Monoprice ABB 3M HUA WEI Kang Yang Hardware Enterprises Krishna Industries Yueqing Huihua Electronic Shanghai Xinlong Plastic Manufacturing Changhong Plastics Global Spiral Wrapping Bands Market: By Type PE PA Global Spiral Wrapping Bands Market: By Application Wires Cables Hoses Tubes Others

Regional Analysis of Global Spiral Wrapping Bands Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Spiral Wrapping Bands market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Report Highlights:

Key Market Participants: The report delves into the major stakeholders in the market, encompassing market players, suppliers of raw materials and equipment, end-users, traders, distributors, and more.

Comprehensive Company Profiles: Detailed company profiles are provided, offering insights into various aspects including production capacity, pricing, revenue, costs, gross margin, sales volume, sales revenue, consumption patterns, growth rates, import-export dynamics, supply chains, future strategic plans, and technological advancements. This comprehensive analysis draws from a dataset spanning 12 years and includes forecasts.

Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.

Data Segmentation: The data and information are presented in a structured manner, allowing for easy access by market player, geographical region, product type, application, and more. Furthermore, the report can be tailored to accommodate specific research requirements.

SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.

Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.

Report includes Competitor's Landscape:

➊ Major trends and growth projections by region and country ➋ Key winning strategies followed by the competitors ➌ Who are the key competitors in this industry? ➍ What shall be the potential of this industry over the forecast tenure? ➎ What are the factors propelling the demand for the Spiral Wrapping Bands? ➏ What are the opportunities that shall aid in significant proliferation of the market growth? ➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Spiral Wrapping Bands? ➑ How has the covid-19 impacted the growth of the market? ➒ Has the supply chain disruption caused changes in the entire value chain? Customization of the Report:

This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@stringentdatalytics.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1 346 666 6655 to share your research requirements.

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Clamshell Packaging Market Insights: Innovations and Opportunities

"Clamshell Packaging Market Gains Traction Owing to Rising E-commerce Industry" The clamshell packaging market consists of blister packs and skins used primarily for protecting consumer goods during transportation and storage. Clamshell packs are thermoformed plastic casings that provide 360-degree protection to products such as electronic devices, toys, cosmetics, and medical equipment. The airtight and water-resistant properties of clamshell packs help prevent damage from external elements. The global proliferation of e-commerce has augmented the demand for secure, tamper-proof packaging of consumer items during delivery. The Global Clamshell Packaging Market is estimated to be valued at US$ 11.10 Billion in 2024 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the clamshell packaging market are Berry Global, Dow Chemical Company, Amcor, Sonoco Products Company, Constantia Flexibles, Blisterpak, Uflex, Placon, Dordan Manufacturing, Pactiv, Fabri-Kal, Lacerta Group, Nelipak Healthcare Packaging, sG Packaging, Display Pack, Aikpak Plastic Forming, Universal Plastics Corporation, VisiPak, and Walter Drake. The growth of the e-commerce industry coupled with rising incomes is fueling demand for products like consumer electronics, cosmetics, and toys that require sturdy packaging during transit. Clamshell packaging provides effective product protection and prevents theft, thereby promoting sales. Geographic expansion into emerging economies of Asia Pacific and Latin America through partnerships, acquisitions, and new manufacturing plants will help major players tap the immense growth potential in these regions. Market Key Trends

Sustainable clamshell packaging made from recycled plastic resins and renewable plant-based materials like bamboo and sugarcane are gaining traction. Brand owners and retailers are promoting their sustainability efforts through eco-friendly packaging to appeal to environmentally conscious consumers. Manufacturers have introduced resealable and customizable clamshell designs incorporating tamper-evident features as well as RFID and barcoding to enable inventory management and anti-counterfeiting.

Porter’s Analysis

Threat of new entrants: Low capital requirement makes clamshell packaging market prone to new entrants. However, established players have strong brand loyalty and distribution network. Bargaining power of buyers: Large buyers have significant bargaining power due to the bulk purchase order they can place. However, there are many buyers in the clamshell packaging market balancing their power. Bargaining power of suppliers: The raw material suppliers have moderate bargaining power due to fragmented nature of suppliers and availability of substitutes. However, suppliers of specialized materials have some bargaining power. Threat of new substitutes: Potential threat comes from flexible plastic packaging and other packaging substitutes. However, functional properties keep threat low to moderate. Competitive rivalry: Intense competition between global and local players keeps pricing and profit margins under pressure. Innovation and brand differentiation are key factors. North America accounts for around 30% of global clamshell packaging market value due to rapidly growing food and consumer goods sector. Countries like United States, Canada and Mexico are major contributors to regional market. The Asia Pacific region holds over 25% share and is projected to witness highest growth during forecast period. Developing economies like India, China, Indonesia and Vietnam offer high growth potential for clamshell packaging companies due to rising living standards, changing consumer lifestyles and increasing product consumption. Geographical Regions

The clamshell packaging market in North America holds around 30% value share globally led by food and consumer goods industries in United States, Canada and Mexico. These countries are major consumers and producers of various packaged goods demanding clamshell packaging solutions. The Asia Pacific region accounts for over 25% of worldwide clamshell packaging market value concentration. Countries like India, China, Indonesia and Vietnam offer high growth potential owing to expanding middle class population, rapid urbanization, growing per capita consumption and changing retail landscape in these developing Asian economies. These factors are expected to drive above average growth for clamshell packaging consumption in Asia Pacific region over the forecast period.

[tmrtech]

Printed and Flexible Sensors Market Is Valued at 4.1 Billion by 2031

The printed and flexible sensors market is poised for remarkable growth between 2023 and 2031, driven by the increasing demand for lightweight, cost-effective, and adaptable sensing solutions across various industries. Printed and flexible sensors offer unique advantages such as conformability, low power consumption, and scalability, making them ideal for a wide range of applications.

Printed and Flexible Sensors market is expected to reach a valuation of US$ 4.1 billion by the end of its forecast period, which spans from 2023 to 2031. The report also forecasts a growth rate for the market at a compound annual growth rate (CAGR) of 13.4% during this period.

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This study does a thorough examination of the market and offers insights based on an industry SWOT analysis. The report on the Printed and Flexible Sensors Market provides access to critical information such as market growth drivers, market growth restraints, current market trends, the market’s economic and financial structure, and other key market details.

Furthermore, The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as types, applications, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the report.

Updated Version of Sample Report Included:

Detailed industry forecast

Brief Introduction to the research report.

Additional information on company participants

Customized reports and analyst assistance are available upon request.

Recent market developments and potential future growth opportunities

Personalized regional/country reports upon request

New data sources are being integrated.

Increased focus on data privacy and security

Increased collaboration and co-creation

The report covers extensive competitive intelligence which includes the following data points:

– Business Overview

– Business Model

– Financial Data

– Financial – Existing

– Financial – Funding

– Product/Service Segment Analysis and specification

– Recent Development and Company Strategy Analysis

– SWOT Analysis

The significant players operating in the global Printed and Flexible Sensors market are

Brückner Maschinenbau GmbH & Co. KG, Flexible Circuit Technologies, Flexpoint Sensor Systems Inc., Henkel Group, Jabil Inc., KOMURA-TECH CO., LTD, Molex, LLC, Nissha Co., Ltd., Optomec, Inc., ISORG SA, Tekscan

This Report lets you identify the opportunities in Printed and Flexible Sensors Market by means of a region:

North America (the United States, Canada, and Mexico)

Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))

South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)

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Market Drivers and Challenges:

Drivers: Growing demand for lightweight and flexible sensing solutions, increasing integration of sensors in IoT and wearable devices, advancements in printing technologies and materials, expanding applications in healthcare, automotive, and consumer electronics sectors.

Challenges: Calibration and accuracy issues in printed and flexible sensors, limited performance in harsh environments, concerns regarding reliability and durability, and pricing pressures in cost-sensitive markets.

Market Trends:

Development of high-performance printed and flexible sensors with improved sensitivity, selectivity, and stability for demanding applications such as healthcare monitoring and environmental sensing.

Integration of printed and flexible sensors with wireless communication technologies such as RFID and NFC for real-time data transmission and remote monitoring.

Adoption of biocompatible and environmentally friendly sensor materials for medical and wearable applications, enabling non-invasive and sustainable sensing solutions.

Reasons to Buy The Printed and Flexible Sensors Market Report: –

1.Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.

2.Reports provide opportunities and threats faced by suppliers in the Printed and Flexible Sensors industry around the world.

The report shows regions and sectors with the fastest growth potential.

3.A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.

4.The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.

5.This report provides the industry’s current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

More Trending Reports by Transparency Market Research –

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Fork Sensors Market- https://www.prnewswire.com/news-releases/global-fork-sensors-market-to-reach-usd-5902-million-by-2026-transparency-market-research-688368151.html

[marketingreportz]

Biopolymers Market - Forecast(2024 - 2030)

Biopolymers Market Overview

The Biopolymers Market size is projected to reach US$27.5 billion by 2030, after growing at a CAGR of 11.5% over the forecast period 2024–2030. The various benefits associated with the biopolymers such as polyesters, polylactic acid, polyhydroxy butyrate, polybutylene succinate and more include biocompatibility, biodegradability, renewability and more. These benefits make biopolymers a sustainable replacement for petroleum-derived materials. The bolstering food & beverage industry, including poultry products, dried food and more is the primary factor driving the biopolymers market growth. For instance, the FAO’s food outlook published in June 2023 expects global poultry meat production to reach more than 142 million mt, a 1.3% increase compared to 2022’s value. However, The COVID-19 pandemic resulted in restrictions affecting various aspects of the supply chain, including logistics, which had a detrimental impact on production activities in the biopolymers industry. Following the pandemic, government measures aimed at rejuvenating production activities played a crucial role in fueling the recovery and growth of the biopolymers industry. Moreover, the growth of the medical and healthcare industry is fueling the demand for biopolymers. As a result, the biopolymers market size will grow throughout the forecast period.

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Report Coverage-The “Biopolymers Market Report — Forecast (2024–2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Biopolymers Market.

By Type: Bio-based Polyesters [Polylactic Acid (PLA), Polyhydroxybutyrate (PHB), Polybutylene Succinate (PBS), Polybutylene Succinate Adipate (PBSA), Polytrimethylene Terephthalate (PTT) and Others], Bio-based Polyolefins, Bio-based Polyamides (Bio-PA) (Homopolyamides, Bio-PA 6, Bio-PA 11, Copolyamides and Others), Polyurethanes, Polysaccharide Polymers (Cellulose-based Polymers and Starch-based Polymers) and Others.

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By Molding Process: Extrusion, Injection, Melt compounding and Others.

By Application: Packaging (Rigid Packaging and Flexible Packaging), Fibers, Paper & Cardboard Coatings, Agricultural Seed Coatings, Automotive Interiors & Exteriors, Medical Implants, Circuit Boards, Insulators, Laminates and Others.

By End-use Industry: Food & Beverage (Fresh Food, Bakery, Frozen Food, Dried Food, Poultry Products, Dairy Products, Confectionery, Alcoholic Beverages, Non-alcoholic Beverages and Others), Medical & Healthcare (Pharmaceuticals, Medical Devices and Others), Agriculture, Consumer Electronics (Computers, Smartphones, Refrigerators and Others), Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Textile, Aerospace (Commercial, Military and Others), Building & Construction (Residential, Commercial, Industrial and Others) and Others

By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)]

Key Takeaways

• Europe dominated the Biopolymers Market, owing to the growth of the fresh food industry in the region. For instance, according to the Federal Statistical Office of Germany,roughly 6,100 agricultural holdings in Germany harvested a total 3.8 million tonnes of vegetables in 2022.

• The government initiatives for green initiatives are fuelling the demand for Biopolymers such as polyesters, polyethylene and more are driving the market growth.

• Moreover, the increasing adoption of Biopolymers in packaging applications is also accelerating market growth.

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Biopolymers Market Segment Analysis — by Application

The packaging segment held the largest Biopolymers Market share in 2023 and is estimated to grow at a CAGR of 10.4% over the forecast period 2024–2030. Biopolymers such as polyesters, polylactic acid, polyhydroxybutyrate and more are frequently deployed in packaging because they enhance the shelf-life of the product and also it reduces the overall carbon footprint related to food packaging. The films composed of biopolymers such as polysaccharides and protein-composed increase mechanical and optical properties. As a result, biopolymers packaging is employed across various end-use industries, including food & beverages, medical & healthcare and more. Thus, owing to the above-mentioned benefits, the adoption of biopolymers is surging in packaging applications, which is accelerating market growth.

Biopolymers Market Segment Analysis — by End-use Industry

The food & beverage segment held a significant Biopolymers Market share in 2023. The key properties of biopolymers are high strength, lightweight and heat resistance. As a result, biopolymers are frequently used in the food and beverage industry. Moreover, due to their superior quality, functionality, affordability and composability, they are an ideal replacement for single-use plastic food & beverage packaging. The surging development of food & beverage facilities, governmental initiatives and others are the crucial variables propelling the food & beverage industry’s growth. For instance, according to Invest India, the food processing sector in India is one of the world’s largest, with output anticipated to reach US$535 billion by 2025–2026. Hence, the growth of the food & beverage industry is expected to fuel the demand for biopolymers. As a result, the market growth will accelerate during the upcoming years.

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Biopolymers Market Segment Analysis — by Geography

Europe is the dominating region as it held the largest Biopolymers Market share in 2023. The economic growth of Europe is driven by the growth of the various industries, including food and beverage, medical & healthcare and other similar industries. The food and beverages industry growth are vital for food security in the European region. For instance, according to Food Drink Europe, the food and drink industry in Europe produced a 107.7 production index in the fourth quarter of 2022 and a 109.2 production index in the first quarter of 2023, an increase of 1.4 percent. Also, according to the European Union, in 2022, the production of fruits in the European Union countries was about 35.9 million metric tons and out of this, apples and pears production were the highest at 14.7 million metric tons, which was 40.9% of the total fruit production. Therefore, the booming food & beverage industry in Europe is boosting the demand for biopolymers. This, in turn, is proliferating the biopolymers market size growth.

Biopolymers Market Drivers  Government Initiatives for Biopolymers

The transformation of the current linear material system into a circular economy necessitates national and international legislation. This is due to the globalized industry’s complex worldwide supply chains. Governments at the global level are taking initiatives for biopolymers. For instance, In March 2023, the European Commission adopted a policy framework on biobased, biodegradable, and compostable plastics, marking an initiative to drive the biopolymers market. Aligned with the European Green Deal, this non-legislative framework aimed to clarify environmental benefits, set strict standards, and guide future policies on green claims, ecodesign, carbon removal, and microplastics. Thus, the growing government initiatives for biodegradable packaging are driving the demand for biopolymers, which is aiding market growth.

Growth of the Medical Devices Industry

In the production of medical devices such as replacement joints, heart valves, arteries, teeth, tendons, ligaments and eye lenses, biopolymers are used to replace or repair some diseased, damaged, or non-functional pieces of tissue or bone. Factors such as technological improvements in medical equipment and an aging population are accelerating the medical device industry’s growth. For instance, in global comparison, most revenue will be generated in the United States US$182.00bn in 2024. Thus, the growth of the medical device industry is boosting the demand for biopolymers, which, in turn, is driving market growth.

Biopolymers Market Challenge Higher Cost Associated with Biopolymers

Biopolymers such as polyesters, polylactic acid, polyhydroxy butyrate and more have the advantage of easy disposable and regeneration. However, one disadvantage of biopolymers is that they necessitate the use of expensive industrial processors and composters, particularly for those that must be broken down at high industrial temperatures. For instance, according to Plastmart, the major drawback of biopolymers is their higher price tag when compared to traditional polymers. While the typical, conventional polymers cost between US$1000 and US$1500 per metric tonne (MT), biopolymers can cost anywhere from US$4000 to US$15,000 per MT for materials like polyhydroxy butyrate. Therefore, the high price associated with biopolymers may restrict the growth of the biopolymers industry in the coming years.

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Biopolymers Industry Outlook

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Biopolymers Market. The top 10 companies in the Biopolymers market are

Recent Developments:

• In October 2023, Braskem opened a Tokyo office, advancing bio-based solutions in the biopolymers market. With over 15 years in Japan, it reflects their commitment to sustainability. Concurrently expanding in Brazil and Thailand, Braskem focuses on delivering low-carbon alternatives globally.

• In August 2022, DSM Engineering Materials launched StanylB-MB (Bio-based Mass Balanced), a more environmentally friendly version of its mainstay polyamide (PA) product that contains up to 100% bio-based material. It enables DSM Engineering Materials to halve the carbon footprint of this product line.

• In June 2022, a global polymer manufacturer based in Germany launched VerdessenceTM RiceTouch, a new biopolymer used for various personal care products.

Relevant Reports

Polymers Market — Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Bio-Based Construction Polymers Market — Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Bio-based Polymer Market — Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

For more Chemicals and Materials Market reports, please click here

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Thermoplastic Elastomers Market: Top 3 Industrial Applications

According to UNEP, energy accounts for approximately 60%of global greenhouse gas emissions, making energy efficiency a top priority across various industries. In this context, thermoplastic elastomers (TPEs) have emerged as a viable solution, reducing energy consumption by nearly 75%. They have gained recognition among product developers and designers as an advanced alternative to thermoset elastomers. Triton’s estimates suggest that the global thermoplastic elastomers market is expected to grow at a CAGR of 6.37% in revenue and 2.61% in volume during 2023-2030.

Another significant factor is the increasing trend of 3D printing. Due to their durable, flexible, chemically resistant, and user-friendly properties, TPEs serve as filaments in additive manufacturing methods like selective laser sintering (SLS) and fused deposition modeling (FDM). For instance, renowned companies such as New Balance, Under Armour, and Nike have adopted thermoplastic polyurethane-based 3D printing for robust and flexible midsoles.

In this blog, we’ll explore the wide-ranging applications of TPEs and their significant presence in the top three industries.

·         Automotive:

In terms of industrial vertical, automotive leads with $9325.51 million

These high-performance polymers have gained significant traction in the automotive industry. Polystyrene TPE, for example, is used in multiple auto parts like instrument panels, wheel covers, dashboard elements, pillar trims, door liners, seat belt components, etc. These plastics, unlike metals, are cost-effective and improve vehicle energy efficiency by reducing weight.

Moreover, their lightweight quality boosts vehicle fuel efficiency, with a 10% weight reduction translating to 5-7% lower fuel consumption. This has prompted TPE manufacturers like Covestro AG to introduce new production lines for high-performance thermoplastic polyurethanes to produce paint production films.

Regional Focus: Asia-Pacific set to be the fastest-growing region at 6.46%

Asia-Pacific is the world’s largest automotive producer, with China, India, Japan, and Indonesia leading the way. Nations like India and Indonesia are attracting investments in locomotive and high-speed rail manufacturing, further bolstering the demand for TPE in the region. Additionally, China is actively boosting production, aiming for 7 million annually by 2025, constituting 20% of total new car production. This surge in EV production is set to drive demand for polyurethane and polystyrene in automotive applications, driving the Asia-Pacific thermoplastic elastomers market.

·         Electrical & Electronics:

Thermoplastic elastomers are preferred for electrical insulation due to their strength, flexibility, and resistance to corrosive substances like acids. Besides this, TPE composites, including polycarbonate, enhance impact and flame resistance in electronic devices and household appliances. Given these benefits, several companies have entered into partnerships or acquisitions to expand their footing. For example,

-  Arkema SA acquired Polytec PT in May 2023 to expand offerings and serve the electronics sector. -  Avient Corporation collaborated with BASF SE to offer colored grades of Ultrason® high-performance polymers to provide users in the electrical & electronics sector with comprehensive technical support.

Widely Employed Material Type:

Thermoplastic polyolefin serves multiple purposes in the sector, finding use in low-voltage wire and extruded hoses. TPOs are preferred over TPVs in wire and cable applications due to their cost-effectiveness, excellent electrical properties, and temperature versatility. As per Triton’s report, polyolefin is expected to register a CAGR of 6.30% during the forecast period 2023-2030 in terms of material type.

·         Adhesives & Sealants:

Thermoplastic elastomers have gained popularity in providing strong bonds and flexibility without mixing or high-temperature curing. Since TPE adhesive grades offer durability, electrical insulation, and chemical and water resistance, companies strive to expand footing in the adhesives sector. Arkema SA, for instance, acquired Ashland’s performance adhesive branch in February 2022 to strengthen its adhesives solutions segment.

Regional Analysis: Asia-Pacific dominates the market based on volume

In Asia-Pacific, China dominates paint and coating production, while India is experiencing robust growth due to rapid industrialization and construction activities. Besides this, thermoplastic elastomer manufacturers are expanding in ASEAN countries like Thailand. Hence, the region’s expanding position in adhesive and sealant production fuels the region’s market, spearheaded by China.

Regulations & Shortages Prompt Innovation

Due to increasingly stringent environmental regulations and sustainability goals, elastomer manufacturers are compelled to create more recyclable tire options. This has led to a noticeable shift towards sustainable TPE materials, including bio-based TPEs. Shortages in raw materials further exacerbate the need for recyclable products. Notably, China has witnessed a significant increase in recycled rubber production, capturing more than 80% of the global production landscape.

In summary, the growing demand for eco-friendly solutions, regulatory pressures, and raw material shortages have spurred the adoption of TPEs as an effective means to reduce costs associated with waste tire management. Looking ahead, the industrial commitment to resource efficiency is expected to create lucrative opportunities within the thermoplastic elastomers market.

 

FAQs:

Q1) How big is the thermoplastic elastomers market in terms of volume?

Based on volume, the thermoplastic elastomers market recorded 7298.81 kilotons in 2022, expected to advance with a CAGR of 2.61% during 2023-2030.

Q2) Which are the 5 key thermoplastic elastomers?

Five key TPEs are polystyrene, polyamide, polyolefin, polyurethane, and elastomeric alloy.

[trendingrepots]

Polymers Market - Forecast, 2024-2030

Global Polymers Market 

Global Polymers Market size is forecast to reach around $ 997.77 billion by 2030, after growing at a CAGR of 5.4% during 2024-2030. Polymer is one of the widely used chemical products in almost all the sectors such a medical, aerospace, packaging, automotive, construction, electrical appliances, and medical sector, and consequently, the global polymers market is thriving. Polymers are used widely as a substitute of metal and mineral based products due to its high performance, cost-effectiveness, and low weight. Increase in the retail sector and prospering e-commerce industry is demanding for more packaging material that is influencing the significance of the polymers market. The major factors driving the growth of this market are the increasing demand for polymers in various end-use industries, the rising adoption of lightweight and sustainable materials, the technological innovations, and the supportive government policies and initiatives. However, some of the challenges faced by this market are the fluctuations in the raw material prices, the environmental concerns, the competition from alternative materials, and the trade barriers. Furthermore, growing demand for polymer in the electronic industry for the manufacturing of different electrical parts such as switches and sockets are driving the Polymers Market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞

Report Coverage

The report: “Polymers Market – Forecast (2024-2030)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Polymers Market.

By Type: Polypropylene, Polyethylene (HDPE, LDPE, LLDPE, and Others), Polyvinyl Chloride, Polystyrene (Expanded Polystyrene (EPS) and Extruded Polystyrene (XPS)), Polyurethane (Flexible Polyurethane Foam, Rigid Polyurethane Foam, Thermoplastic polyurethane (TPU), and Others), and Others.

By Process: Injection Moulding, Extrusion, and Others.

By End-Use Industry: Packaging (Rigid and Flexible), Building and Construction (Roofing, Windows, Flooring, and Others), Automotive (Engine, Tires, Body Panel, and Others), Electrical and Electronics, Agriculture, Medical/Healthcare, and Others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa) 

Key Takeaways

In the Latin America region, Brazil is the major market for the Polymer owing to a rise in the purchasing power of consumers, growing consumer packaged goods market, and rise in corn, wheat, and sugarcane production and consumption across the country owing to the Bio-based plastic and polymers are gaining prominent growth. 

The polymers are observed to be the better substitutes than glass, and metals that is leveraging the polymers market. The increasing demand for specialty polymers are fuelling the growth of the polymers market.

Progression in 3D printing is improving the growth aspects of polymers and plastic manufacturing. The changing preference of consumers from metal 3D printing to plastic material 3D printing is leading to substantial growth in the polymers market.

Fluctuation in international oil prices tend to force companies to search for an alternative stable source of the raw material for packaging, which further provides lucrative opportunities for the growth of Polymer industry.

Evolution of the natural and environment-friendly polymers in the packaging sector for food packaging, cosmetics packaging and pharmaceutical packaging is driving the growth.

Comparatively lower awareness about the biodegradable polymer in emerging nations like India, Thailand, South Africa and Qatar are hampering the market growth.

[imarcmarketreport]

Wine Cooler Market Growth, Share, Demand, Trends and Opportunity 2023-2028

IMARC Group's report titled "Wine Cooler Market by Installation Type (Free-standing, Countertop, Built-in), Technology (Compressor, Thermoelectric), Structure (Dual Zone, Single Zone, and Others), Distribution Channel (Offline, Online), Application (Commercial, Residential), and Region 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global wine cooler market share. The global  market size reached US$ 2.83 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.99 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/wine-cooler-market/requestsample

Factors Affecting the Growth of the Wine Cooler Industry:

Changing Preferences of Individuals:

The rising utilization of wine coolers due to changing preferences of individuals across the globe is propelling the growth of the market. In line with this, modern consumers are increasingly becoming more concerned about the quality of the wine they consume and the conditions in which it is stored. Furthermore, people are recognizing that proper storage, including temperature control and humidity levels, is crucial for preserving the flavor and aroma of wines. Wine coolers provide a convenient solution for wine enthusiasts to ensure that their bottles are stored under ideal conditions.

Rising Wine Consumption:

The escalating demand for wine coolers on account of the increasing consumption of wine among individuals is bolstering the growth of the market. In addition, wine is becoming a popular choice for individuals in social occasions and dining experiences. Apart from this, consumers are not just buying wine but also investing in products that benefit in preserving its quality. Furthermore, wine enthusiasts want their wine to be served at the right temperature to enhance its taste and aroma, which is impelling the market growth.

Increasing Focus on Temperature Control:

The rising focus on temperature control is strengthening the growth of the market. In addition, wine is a delicate beverage, and its taste and aroma can be affected by temperature fluctuations. Furthermore, wine enthusiasts are understanding the importance of storing wine at a consistent and appropriate temperature. Wine coolers offer precise temperature control, allowing users to maintain the ideal conditions for their wine collections. This level of control is not achievable with conventional refrigerators. Wine coolers ensure that reds, whites, and sparkling wines are stored at their respective optimal temperatures.

Leading Companies Operating in the Global Wine Cooler Industry:

Allavino

Avanti Products Inc

Dunavox Kft

Electrolux AB

EuroCave SAS

Haier Group Corporation

LG Electronics Inc

Shenzhen VRBON Electrical Appliance Co. Ltd.

Siemens AG

Whirlpool Corporation

Whynter LLC

Wine Cooler Market Report Segmentation:

By Installation Type:

Free-standing

Countertop

Built-in

Free-standing represents the largest segment as it offers enhanced flexibility and convenience.    

By Technology:

Compressor

Thermoelectric

On the basis of the technology, the market has been bifurcated into compressor and thermoelectric.

By Structure:

Dual Zone

Single Zone

Others

Based on the structure, the market has been divided into dual zone, single zone, and others.

By Distribution Channel:

Offline

Online

On the basis of the distribution channel, the market has been segmented into offline and online.  

By Application:

Commercial

Residential

Commercial holds the biggest market share due to the rising number of restaurants, bars, hotels, and wineries.

Regional Insights:

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

North America enjoys the leading position in the wine cooler market on account of the thriving tourism sector.  

Global Wine Cooler Market Trends:

People are increasingly preferring to entertain guests in the comfort of their homes rather than going out. In line with this, wine coolers allow hosts to store and serve wine conveniently to guests at home during a casual get-together or a formal dinner party. Furthermore, wine coolers have compact sizes and elegant designs and provide an easy and stylish way to offer chilled wine to guests.

The rising development of wine coolers that are both efficient and eco-friendly is impelling the market growth. Besides this, wine coolers are designed to complement modern home decor, making them appealing to homeowners.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

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Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

[harshnews]

Rotomolded Container Market Size, Share, Trends, Growth Opportunities and Competitive Outlook

"Rotomolded Container Market – Industry Trends and Forecast to 2027

Global Rotomolded Container Market By Product Type (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyamide (PA), Others), Industry (Consumer Electronics, Material Handling, Chemicals & Fertilizers, Food & Beverages Processing, Petroleum & Lubricants), Distribution Channel (Direct Sales, Distributor), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027

Access Full 350 Pages PDF Report @

**Segments**

- **Material:** The rotomolded container market can be segmented based on the material used in the manufacturing process. Common materials include polyethylene (PE), polypropylene (PP), and others. Polyethylene is widely preferred for its durability, resistance to chemicals, and flexibility, making it suitable for various industries.

- **Product Type:** Another key segment of the rotomolded container market is the product type. This includes drums, tanks, intermediate bulk containers (IBCs), and customized containers. Each type serves specific purposes such as storage, transportation, or processing of goods.

- **Application:** The application segment focuses on the diverse industries that utilize rotomolded containers. These industries include food and beverage, chemicals, pharmaceuticals, agriculture, and others. Rotomolded containers offer benefits like corrosion resistance, easy cleaning, and long-term durability, making them attractive to various sectors.

**Market Players**

- **Snyder Industries:** Snyder Industries is a prominent player in the rotomolded container market, offering a wide range of containers for industrial applications. The company is known for its innovative designs, quality manufacturing processes, and exceptional customer service.

- **Chem-Tainer Industries:** Chem-Tainer Industries specializes in rotomolded plastic tanks and containers for chemical storage, water treatment, and other industrial uses. With a focus on customization and quality control, Chem-Tainer is a trusted supplier in the market.

- **Mauser Packaging Solutions:** Mauser Packaging Solutions is a global leader in sustainable packaging solutions, including rotomolded containers. The company provides a comprehensive range of products for the food, beverage, and industrial sectors, backed by extensive R&D capabilities.

- **Granger Plastics Company:** Granger Plastics Company is known for its expertise in custom rotomolded solutions, catering to niche markets with unique requirements. The company's containers are used in automotive, defense, and other specialized industries, reflecting their versatility and quality.

TheThe rotomolded container market is a dynamic and growing industry with significant segmentation opportunities based on material, product type, and application. One key aspect of the market is the material used in manufacturing, with polyethylene (PE) being a popular choice due to its durability, chemical resistance, and flexibility. This makes it highly suitable for a wide range of industries that require robust and versatile containers. Polypropylene (PP) is also commonly used, offering its own set of benefits such as high heat resistance and stiffness. By segmenting the market based on material, manufacturers can tailor their offerings to meet the diverse needs of different sectors.

Product type is another crucial segment of the rotomolded container market, encompassing a variety of containers such as drums, tanks, intermediate bulk containers (IBCs), and customized solutions. Each product type serves specific purposes, ranging from storage and transportation to processing of goods. By understanding the unique requirements of each product type, manufacturers can develop specialized solutions that cater to the needs of different industries. Customized containers, in particular, offer a high level of flexibility and customization options, allowing businesses to tailor their containers to specific applications and environments.

The application segment of the rotomolded container market focuses on the diverse industries that utilize these containers, including food and beverage, chemicals, pharmaceuticals, agriculture, and others. Rotomolded containers provide numerous benefits to these industries, such as corrosion resistance, easy cleaning, and long-term durability. In the food and beverage industry, for example, rotomolded containers are used for storage and transportation of perishable goods, ensuring quality and freshness throughout the supply chain. In the chemicals sector, these containers offer protection against aggressive substances and hazardous materials, making them crucial for safe handling and storage.

Market players in the rotomolded container industry play a significant role in driving innovation, quality, and customer service. Companies such as Snyder Industries, known for their innovative designs and exceptional customer service, are shaping the market**Segments**

- **Material:** The rotomolded container market offers segmentation opportunities based on material, with polyethylene (PE) as a popular choice for its durability, chemical resistance, and flexibility. Polypropylene (PP) is also commonly used for its high heat resistance and stiffness, catering to industries with specific requirements. Manufacturers can tailor their offerings by material to meet diverse industry needs effectively.

- **Product Type:** Another key segment is product type, including drums, tanks, intermediate bulk containers (IBCs), and customized solutions. Each type serves distinct purposes such as storage, transportation, or processing of goods. Customized containers offer flexibility and customization options for businesses looking to address specific application requirements.

- **Application:** The application segment of the rotomolded container market spans across various industries like food and beverage, chemicals, pharmaceuticals, and agriculture. Rotomolded containers provide benefits such as corrosion resistance, easy cleaning, and long-term durability, making them attractive to different sectors for storage, transportation, and processing needs.

**Market Players**

Snyder Industries, Chem-Tainer Industries, Mauser Packaging Solutions, and Granger Plastics Company are key players driving innovation, quality, and customer service in the rotomolded container market. These companies offer a wide range of containers tailored to meet industry-specific demands, contributing to the market's growth and competitiveness.

The global rotomolded container market is poised for significant growth, influenced by factors like increasing demand for durable and versatile

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Rotomolded Container Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Rotomolded Container Market.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

Countries Studied:

North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)

Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)

Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Objectives of the Report

To carefully analyze and forecast the size of the Rotomolded Container market by value and volume.

To estimate the market shares of major segments of the Rotomolded Container

To showcase the development of the Rotomolded Container market in different parts of the world.

To analyze and study micro-markets in terms of their contributions to the Rotomolded Container market, their prospects, and individual growth trends.

To offer precise and useful details about factors affecting the growth of the Rotomolded Container

To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Rotomolded Container market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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[trendingreportz]

Polyvinyl Chloride (PVC) Resin Market - Forecast(2024 - 2030)

Polyvinyl Chloride (PVC) Resin Market Overview

The Polyvinyl Chloride (PVC) Resin Market size is estimated to reach US$86.2 billion by 2027, after growing at an estimated CAGR of 4.7% during the forecast period 2022-2027. Polyvinyl Chloride (PVC) resin is a thermoplastic resin manufactured by polymerization of vinyl chloride monomers. It is extensively used over polypropylene, polyethylene terephthalate and polyethylene owing to its superior impact strength and stiffness. The PVC resin has major utilization in the building and construction sector due to superior features such as strength, preference over metal materials, lightweight, durability and non-toxicity, thereby driving the polyvinyl chloride (PVC) resin market. In addition, the rise in medical and healthcare projects is fueling its demand for a wide range of applicability in blood transfusion sets, emergency burns treatment, bedding covers and others, thereby offering growth in the polyvinyl chloride (PVC) resin industry. The major disruption caused by the COVID-19 outbreak impacted the growth of the Polyvinyl Chloride (PVC) Resin market due to disturbance in manufacturing, closure of construction sites, falling vehicle production, supply chain disruption and other lockdown restrictions. 

Polyvinyl Chloride (PVC) Resin Market Report Coverage

The “Polyvinyl Chloride (PVC) Resin Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyvinyl Chloride (PVC) Resin Industry.

By Type: Rigid and Flexible.

By Application: Dashboards, Consumer Electronics, Sealants, Electric Wires, Flooring, Pipes, Cable Insulation and Others.

By End-use Industry: Automotive (Passenger Vehicles [PVs], Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs]), Building & Construction (Residential, Commercial, Industrial and Infrastructural), Electrical & Electronics (Computer, Fuse Boxes and Others), Medical & Pharmaceuticals, Consumer Goods and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and Rest of the Middle East] and Africa (South Africa, Nigeria and the Rest of Africa)].

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Key Takeaways

North America dominates the Polyvinyl Chloride (PVC) Resin Market, owing to growth factors such as the flourished base for the construction sector, rising healthcare spending and urbanization. They would continue to boost the market in this region.

The flourishing building & construction sector across the world is propelling the demand for Polyvinyl Chloride (PVC) Resin for various applications such as flooring, pipes & fittings, roofing and others, thereby influencing the growth in the Polyvinyl Chloride (PVC) Resin market size.

The growing demand for Polyvinyl Chloride (PVC) Resin over polypropylene, polyethylene, polyethylene terephthalate and others for medical applications in blood sets, coverings and others is fueling the growth in the market.

However, the environmental threats associated with PVC act as a challenging factor in the Polyvinyl Chloride (PVC) Resin industry.

Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Type

The flexible segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.6% during the forecast period 2022-2027. The demand for flexible PVC resin type is growing due to factors such as strong application scope over rigid type, excellent insulation, non-toxicity and stability. The applicability of flexible polyvinyl chloride is surging in the residential construction sector for roofing, home flooring, sealants and others. In addition, increasing usage of electrical wires and cables in electronics is also boosting its demand. Thus, with established utilization across major end-use sectors, the flexible Polyvinyl Chloride (PVC) Resin type is anticipated to grow rapidly during the forecast period.

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Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by End-use Industry

The building & construction segment held a significant Polyvinyl Chloride (PVC) Resin Market share in 2021 and is forecasted to grow at an estimated CAGR of 4.9% during the forecast period 2022-2027. The polyvinyl chloride (PVC) resin has major applications over other resins such as polypropylene, polyethylene, polyethylene terephthalate and others in the building and construction sector. It is mainly used for flooring, roofing, sealants, pipe & fittings, cladding and others due to its superior strength, versatility, lightweight and durability. For instance, according to Oxford Economics, the global construction output in 2020 accounted for US$10.7 trillion and is projected to grow by 42% to reach US$15.2 trillion between 2020 and 2030. According to European Construction Industry Federation (FIEC), construction activity increased by 10.3% in volume in France for the year 2021 compared to 2020. According to the National Investment Promotion & Facilitation Agency, the construction sector in India is projected to reach US$1.4 trillion by the year 2025. With the established base for construction activities, the applicability of this thermoplastic resin for flooring, home roofing and others is risin. These are the reasons why the production and growth scope for Polyvinyl Chloride (PVC) Resin is projected to rise rapidly during the forecast period.

Polyvinyl Chloride (PVC) Resin Market Segment Analysis – by Geography

North America held a significant Polyvinyl Chloride (PVC) Resin Market share of up to 17.6% in 2021. The lucrative growth scope for polyvinyl chloride (PVC) resin in this region is influenced by the flourished base for the construction sector, rising healthcare production and rapid urbanization. For instance, according to the United States Census Bureau, the total privately-owned housing units completed in the U.S rose from 1,326 thousand units in December 2021 to 1,465 thousand units in May 2022. According to the Conference Board of Canada, the residential construction investment rose by 7.6% in March 2021 to US$10.99 billion over the past 11 months. According to the International Trade Administration (ITA), the forecasted construction value in Mexico increased from US$72.89 billion in 2020 to US$82.56 billion in 2022. Furthermore, the new housing construction is expected to hold 22% of the housing investment through 2024. Thus, with an increase in construction production and investment activities in North America, demand and production for PVC resins are growing, which, in turn, is anticipated to boost the growth scope for Polyvinyl Chloride (PVC) Resin market in North America during the forecast period.

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Polyvinyl Chloride (PVC) Resin Market Drivers

Rapid Growth of the Automotive Industry :

Polyvinyl Chloride (PVC) Thermoplastic Resins have significant demand in the automotive sector for applications in automotive door panels, seat covering, coatings and others. The automotive industry is rapidly flourishing owing to growth factors such as a rise in passenger vehicle demand, vehicle electrification, growing public transportation and rising income level. For instance, according to the European Automobile Manufacturer Association, South America car production grew by 11% while US car production grew by 3.1% in 2021. According to the China Association of Automotive Manufacturers (CAAM), the production and sales of new energy vehicles reached 1.29 million units and 1.25 million units in the quarter 1st of 2022 respectively, marking a rise of 140% year-on-year. According to the International Organization of Motor Vehicles Manufacturers (OICA), the global production of passenger cars increased from 55,834,456 units in 2020 to 57,054,295 units in 2021. With the increase in automotive vehicle production, the utilization of PVC resin in the vehicle body, seating and others is rising, which, in turn, is driving the Polyvinyl Chloride (PVC) Resin industry.

Flourishing Growth of the Electrical & Electronics Industry:

The Polyvinyl Chloride (PVC) Resin is widely used in the electrical and electronics sector for applicability in wires and cables, computers, lighting and others, owing to superior insulation and durability. The lucrative growth in the electronics sector is influenced by growth factors such as robust demand for consumer electronic devices, soaring production base and urbanization. According to the LG Electronics annual report, the sales of electronic appliances increased by 28.7% to reach US$65.32 billion in 2021 over 2020. According to OBERLO, the total revenue of consumer electronics in the US is expected to increase by 7.5% in 2023. According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of consumer electronic equipment in Japan increased from US$215 million in January 2022 to US$230 million in March 2022. With the rise in electronics device production and growth scope, the utility and production of Polyvinyl Chloride (PVC) Resin for applications in electrical appliances are rising, thereby driving the Polyvinyl Chloride (PVC) Resin industry.

Polyvinyl Chloride (PVC) Resin Market Challenge

Harmful Impacts of Polyvinyl Chloride (PVC) Resin on Environment :

Polyvinyl Chloride Resin, which is used in making PVC plastic, poses severe toxicity. The PVC resin plastic is produced through chlorine-based chemicals and releases toxic fumes in the environment, which creates an environmental hazard. The PVC releases a large number of dioxins, hydrocarbons, phthalates and other harmful substances during production and waste disposal, thereby leading to air pollution and human health threat. Moreover, PVC is non-biodegradable and leads to soil, air and water damage. Thus, owing to such harmful effects on the environment, the utilization and applicability of PVC face slowdown. Due to this reason, the Polyvinyl Chloride (PVC) Resin industry anticipates major obstacles in its growth.

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Polyvinyl Chloride (PVC) Resin Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polyvinyl Chloride (PVC) Resin Market. The 10 companies in the Polyvinyl Chloride (PVC) Resin Market are:

LG Chem

Kem One

Cires SA

SCG Chemicals Co. Ltd.

Braskem

Mitsubishi Chemical Corporation

INEOS Group

Solvay

Shin-Etsu Chemical

Recent Developments

In July 2022, Meghmani Finechem Limited commissioned the largest chlorinated polyvinyl chloride resin plant. The latest CVC unit has a capacity of up to 40,000 TPA which fulfills the demand in the PVC business.

In April 2021, LG Chem announced the production of sustainable materials, including polyvinyl chloride, at its polymerization plant in Yosu and Iksan.

In October 2020, AGR resin, which is a modified polyvinyl chloride resin of Xinjiang Zhongtai Chemical Fukang Energy Company, passed the Standard Project Evaluation to offer excellent durability and strength.

[ama2024]

https://www.advancemarketanalytics.com/reports/34091-global-styrenic-polymers-market

Styrenic Polymers Market: Study Navigating the Future Growth Outlook

Advance Market Analytics released a new market study on Global Styrenic Polymers Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Styrenic Polymers Forecast till 2029*.

Styrenic polymer is formed by polymerization of styrene in the presence of vinyl group results. The styrene based resins are widely applicable in manufacturing wide variety of everyday goods, kitchen appliances, hospitals and school supplies. The styrenic polymers offer several facilities such are flexibility of materials and design in the field of medical industries. There has been significant rise in number of polymer production capacity with figure stood up to USD 10.8 million ton in global in 2016, the future for styrenic polymers looks promising. The major companies are introducing latest technology based styrenic polymers in Asia-Pacific and Middle East region as its demand is observed in electrical and electronics industries that consume a majority of styrenic polymers.

Key Players included in the Research Coverage of Styrenic Polymers Market are:

Bayer Material Science (Germany), Lanxess Ag (Germany), Saudi Basic Industries Corporation (Saudi Arabia),  Nova Chemicals Corporation (Canada), ENI S.P.A, LG Chem Ltd. (South Korea), Ashland (United States), Styrolution Group GmbH (Germany), Ineos Group Ag (Switzerland), Asahi Kasei Corporation (Japan), Alpek Sab De Cv (Mexico), BASF(Germany),

What's Trending in Market: Rising Demand of styrenic polymers due to urbanization and industrialization. increasing demand of styrenic polymers in automobile industry at South America region.

Challenges: Adverse Impact Due to Economic Uncertainties in Styrenic Polymers.

Opportunities: Introduction Of New Models and Technology Advancements Expected to Boost the Business Jet Market. Rapid Technological Innovation Leads to Propel the Market.

Market Growth Drivers: Increase In Demand of Lightweight Materials in Consumer Goods Industries. Rise In Demand Of Styrenic Polymers in Asia-Pacific Regions Fuelled Up The Market.

The Global Styrenic Polymers Market segments and Market Data Break Down by Type (Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Styrene Acrylonitrile (SAN), Methacrylate Butadiene Styrene (MBS), Methacrylate Acrylonitrile Butadiene Styrene (MABS), Styrene Methyl-Methacrylate (SMMA), Styrene Butadiene Styrene (SBS), Styrene Ethylene Butylene Styrene (SEBS), Others), Application (Medical, Building and Construction, Electrical and Electronics, Automotive Industry, Consumer Goods, Other), Process (Geometric, Fluid-Dynamic, Thermodynamic)

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To comprehend Global Styrenic Polymers market dynamics in the world mainly, the worldwide Styrenic Polymers market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas.

• North America: United States, Canada, and Mexico.

• South & Central America: Argentina, Chile, Colombia and Brazil.

• Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa.

• Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia.

• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.