In a recent published report, Kenneth Research has updated the market report for Specialty Polymer Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Specialty Polymer Market products.
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A report on Specialty Polymer Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021.
On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
According to Azoth Analytics research report “Global Specialty Polymer Market: Analysis By Type (Thermoplastics, Biodegradable, Conducting, Electroluminescent, Liquid Crystal Polymer), By Application (Automotive, Electrical and Electronics, Medical, Building and Construction, Oil and Gas), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024)- By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, U.K, Germany, China, India, Japan)”, global market is projected to display a robust growth represented by a CAGR of 11.29% during 2019 – 2024.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The product segment of Thermoplastics polymer has been witnessing growth at a noteworthy rate over the past few years backed by increasing demand of electronic devices like smart TV, laptops, mobile phones. Amongst the regions, APAC region is predicted to maintain its dominant position in the market in forecast period. Presence of large number of population, growing construction activities in countries like China, India and Vietnam and growing healthcare sector is likely to drive the regional market.
The report titled “Global Specialty Polymer Market: Analysis By Type (Thermoplastics, Biodegradable, Conducting, Electroluminescent, Liquid Crystal Polymer), By Application (Automotive, Electrical and Electronics, Medical, Building and Construction, Oil and Gas), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, U.K, Germany, China, India, Japan)” has covered and analyzed the potential of Global Healthcare and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global specialty polymers market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Specialty Polymers Market (Actual Period: 2014-2018, Forecast Period: 2019-2024
• Specialty Polymers Market – Size, Growth, Forecast
• By Type – Thermoplastics, Biodegradable, Conducting, Electroluminescent, Liquid Crystal Polymers)
• By Application – Automotive, Electrical & Electronics, Medical, Building & Construction, Oil & Gas and Others
Regional Markets – North America, Europe, APAC, Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Specialty Polymers Market – Size, Growth, Forecast
• By Type – Thermoplastics, Biodegradable, Conducting, Electroluminescent, Liquid Crystal Polymers)
• By Application – Automotive, Electrical & Electronics, Medical, Building & Construction, Oil & Gas and Others
Country Analysis – U.S., Canada, U.K, Germany, China, India, Japan (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Specialty Polymers Market – Size, Growth, Forecast
• By Type – Thermoplastics, Biodegradable, Conducting, Electroluminescent, Liquid Crystal Polymers)
• By Application – Automotive, Electrical & Electronics, Medical, Building & Construction, Oil & Gas and Others
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter Five Force Analysis
• Policy and Regulatory Landscape
• Competitive Landscape
• Company Analysis – BASF SE, Croda, Evonik Industries, PolyOne, DowDuPont , 3M, Solvay, Specialty Polymers Inc,.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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