Plastomers Market by Application and Region – Global Forecast to 2020 – Decrease in Demand from Packaging Industry in U.S. & Europe – Research and Markets
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/ts8hg4/plastomers_market) has announced the addition of the “Plastomers Market by Application and Region – Global Forecast to 2020” report to their offering.
The market size for plastomers is estimated to reach $5.33 Billion by 2020, registering a CAGR of 7.4% between 2015 and 2020.
The plastomer market is driven by its unique blend of properties of both, elastomers and plastics. Plastomers have narrow molecular weight distribution that differentiates them from regular plastics or elastomers for which they offer excellent sealing properties and are tough and clear. This is the prime factor responsible for the high demand for plastomers.
Film-food packaging is the largest application of plastomers followed by polymer modification and automotive. The plastomers industry has witnessed tremendous growth, especially in the Asia-Pacific region, due to stable economic conditions and high growth in end-use industries such as packaging, automotive, and polymer modification. The drivers of the growth are the increasing demand for plastomers products in emerging markets and high demand from end-use industries.
The U.S. and Europe are the largest markets of packaged food. Growth in the packaged food industry depends on growth of population. Population in the U.S. was growing at 0.7% in 2013, while major countries in Europe, such as Germany and the U.K., were witnessing a slow population growth.
The slow growth in population along with rise in importance of organic food products is affecting the market growth. Films manufactured for food packaging applications account for a major consumption of plastomers. Therefore, decrease in demand from the packaging industry of the U.S. and Europe restricts the growth of the global plastomer market.
- Alpha Group
- Borealis AG
- LG Chem Ltd.
- Mitsui Chemicals Inc.
- Plastomer Corporation
- SK Group
- Saudi Basic Industries Corporation (SaBIC)
- Sumitomo Corporation
- The DOW Chemical Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 By Application
8 By Region
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/ts8hg4/plastomers_market
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