Polymer Blends & Alloys Market
Polymer Blends & Alloys Market By Type (PC-based Blends & Alloys, PPE/PPO-based Blends & Alloys), By Application (Automotive, Electrical & Electronics, Consumer Goods) & Region - Global Market Insights 2022 to 2032
Analysis of Polymer Blends & Alloys market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Polymer Blends & Alloys Market Outlook (2022 to 2032)
The global polymer blends & alloys market was valued at around US$ 4.15 billion at the end of 2021, registering Y-o-Y growth of 3.5%. Demand for polymer blends & alloys is projected to increase at a CAGR of 6.4% to reach a market valuation of US$ 8 billion by 2032.
Demand for PC-based blends and alloys is anticipated to rise at a CAGR of 6.9% from 2022 to 2032 because polycarbonate-based blends & alloys are corrosion-resistant and are widely used in commercial applications such as building materials and electrical components.
| Report Attributes | Details |
|---|---|
| Market Size (2022) | US$ 4.34 Billion |
| Projected Market Value (2032) | US$ 8 Billion |
| Global Market Growth Rate (2022 to 2032) | 6.4% CAGR |
| Europe Polymer Blends & Alloys Market Share (2022) | 26.9% |
| Key Companies Profiled | Covestro AG; BASF SE; CHI MEI Corporation; Saudi Basic Industries Corporation (SABIC); Asahi Kasei Chemical Corporation |
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Sales Analysis of Polymer Blends & Alloys (2017 to 2021) Vs. Market Outlook (2022 to 2032)
According to Fact.MR, market research and competitive intelligence provider, worldwide consumption of polymer blends & alloys increased at a CAGR of 5.2% from 2017 to 2021.
Polymer blends are a type of material comparable to metal alloys, in that, two polymers are combined to generate a new material with several physical properties.
Polymer blends and alloys have been in high demand in recent years due to their cost-effectiveness. Advanced polymer blend alloys are also flexible alternatives to traditional materials. These qualities of polymer blends and alloys are expected to enhance the worldwide polymer blend alloys market over the coming years.
Because of their specific physical and mechanical characteristics, including toughness, compact size, temperature resistance, chemical inertness, endurance, thermal conductivity, high stiffness, and renewability, polyphenylene ether-based blends & alloys are employed in a variety of applications.
Traditional materials such as wood, glass, and metal are more expensive and less adaptable than polymer blends and alloys. Manufacturers in diverse regions are willing to spend more money on items that ensure quality and efficiency at a low cost.
There is a growing trend in the market to replace traditional metals and glassware with lightweight materials such as polymer blends and alloys to produce better, more cost-effective goods, which is driving the polymer blends & alloys market.
Polymer blends & alloys demand is expected to increase at a CAGR of 6.4% from 2022 to 2032.
Why is the Polymer Blends & Alloys Market Expected to Grow Significantly?
“Growing Adoption of Polymer Blends & Alloys in Electrical & Electronics and Consumers Goods”
Electrical and electronic industries use compatible polymer blends. Cable insulation is the most typical application. Magnetic alloys are employed to replace traditional materials such as elastomer blends & PVC blends in this application. Over traditional materials, polymer blends and composites provide several advantages.
They are usually more heat resistant, which is useful for cables that are exposed to extreme temperatures. They can also be made to be more flame resistant than traditional materials, making them more suitable for use in electrical applications. Wires, connectors, switches, relays, and other components are among the additional applications for polymer blends and alloys.
In addition to consumer goods, polymer blends and alloys are employed in a range of industries. The purpose of these solutions is frequently to enhance the product's aesthetic or efficiency. Household appliances, toys, athletic items, medical equipment, and furnishings are all prominent examples.
Polymer blends can be used to create items that are more shatter-resistant than pure polymer products. This is particularly critical for consumer products that may come into touch with them if they break. Polymer blends can also be utilized to make items that have more appealing aesthetics, such as varied colors or textures.
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What Industry Challenges are Hampering Polymer Blends & Alloys Market Expansion?
“Stringent Regulations Regarding Use of Polymer Blends & Alloys & High Manufacturing Costs”
Plastic pollution causes increased land pollution, marine pollution, and recyclability issues, hence nearly 127 nations have passed legislation to regulate its use. Because it is impossible to completely separate the plastic waste, the compatibilization of immiscible polymer blends has become a threat as a result of increased consumer demand for recycled and bio-products.
All of these reasons are expected to reduce plastic output and consumption over the coming years, putting downward pressure on the worldwide polymer blends and alloys market. Polymer alloys' high processing and manufacturing costs are also hampering the sales of polymer blends & alloys.
Which Region is a Leading Consumer of Polymer Blends & Alloys?
“Rapidly Rising Demand for Commercial Polymer Blends in North America”
North America accounts for 31.7% share of the global polymer blends & alloys market. North America is expected to account for a significant portion of the worldwide market.
Rising demand for titanium alloys in SUVs and minivans is projected to increase personal vehicle sales in the region, boosting the market for polymer blends and alloys.
Rising f & polycarbonate polymer alloys, development of new production technologies for the product, and increasing demand for commercial polymer blends are factors driving market growth in the region.
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Country-wise Insights
Why is the U.S. Expected to Account for High Demand for Polymer Blends & Alloys?
“Surging Adoption of Electric Hybrid Vehicles Driving Market Expansion”
The U.S. polymer blends & alloys market is projected to expand at a CAGR of 6.3% from 2022 to 2032.
Increased government limitations on the use of fossil-fuel-based vehicles, as well as expanding government activities to promote the adoption of electric hybrid vehicles, are expected to boost market growth in the United States.
Market demand in the United States is being driven by rising demand for polyphenylene ether-based blends and alloys, as well as an increase in the number of manufacturing industries and the adoption of miscible polymer blends.
What Opportunities Await Polymer Blend & Alloy Manufacturers in China?
“Increasing Demand for Immiscible Polymer Blends in China”
The market in China is anticipated to rise at a CAGR of 7.7% over the forecast period.
China dominates the polymer blends & alloys market with the rise in population and industrialization. The market for polymer blends & alloys is predicted to develop throughout the forecast period due to the usage of improved technologies, the growing number of R&D centers, and rising immiscible polymer blend demand.
In China, mobile phones, laptops, surround sound speakers, and AI-assisted devices are all experiencing rapid growth. Other industrial segments and sectors are projected to have an impact on the market expansion.
The government in China is providing significant financial and non-financial incentives to encourage the purchase of electric vehicles. People's spending power has increased as their per capita income has increased across China. This is projected to increase demand for aramid fiber-reinforced polymers in the development of vehicles.
Furthermore, an increase in FDI investments in the automotive industry in China is expected to drive demand for polymer blends & alloys across the projection period.
Category-wise Insights
Why is Demand for PC-based Blends & Alloys High?
“PC-based Blends & Alloys More Preferred Owing to Their Exceptional Characteristics”
Based on type, the polymer blends & alloys market is segmented into PC-based blends & alloys, PPE/PPO-based blends & alloys, and other types. PC-based blends & alloys account for 46% of the global polymer blends & alloys market, due to unique features such as dielectric consistency, heat resistance, and wear resistance.
PC-based blends & alloys are comprised of two or more polymers, with PC and ABS being the most prevalent combination. PC is a fragile polymer that can be made stronger by mixing it with other polymers like ABS.
The compound is more resistant to abrasion than pure PC. PC-based blends & alloys are utilized for a wide range of purposes, including automobile parts, electrical and electronic materials, and retail goods.
Which Application Accounts for Higher Consumption of Polymer Blends & Alloys?
“Automotive Application Remains Dominant with Increased Adoption of Polymer Blends & Alloys in Electric Vehicles”
The market is divided into four categories based on application: automotive, electrical & electronics, consumer goods, and other applications. Automotive application accounts for 38% share of the global polymer blends & alloys market.
Because of the continuous innovation of new and improved polymer blends & alloys, as well as the growing popularity of electric vehicles, the automotive segment is expected to be the most dominant.
Polymer blends & alloys have well-balanced structural, electrical, and thermodynamic properties, as well as a lower strength than other polymers, allowing them to give compactness, outstanding quality, and melting point to automotive vehicles.
Growing demand for lightweight, thermally stable goods in the automotive industry has fueled the growth of the liquid crystal polymer market, which offers increased production performance and versatility.
Polymer blends and alloys are frequently utilized in automotive applications for engineering plastic items because they provide an extraordinary balance of hardness, endurance, and fracture toughness over a wide range of temperatures.
In the automotive sector, polymer mixtures such as rubber are used in the creation of tires to improve mechanical performance and flexibility through craze generation. During the projected period, the worldwide polymer blends & alloys market is expected to benefit from an increase in vehicle production in both developing and developed countries around the world.
Competitive Landscape
The polymer blends & alloys market is fragmented with several regional and global companies. Leading players place a high value on research & development as well as the introduction of new products.
To increase their market position, major players are focusing on acquisitions, mergers, expansions, alliances, and other strategies. Manufacturers of polymer blends and alloys are also expanding their supply and marketing networks.
For instance,
- In 2019, a new engineering plastic alloy was introduced by Polyscope Polymers. XILOY SO2315, an injection moldable polymer that is tailored to meet the requirements of the microfluidic medical-test device industry.
Key Segments Covered in Polymer Blends & Alloys Industry Research
-
By Type :
- PC-based Blends & Alloys
- PPE/PPO-based Blends & Alloys
- Other Types
-
By Application :
- Automotive
- Electrical & Electronics
- Consumer Goods
- Other Applications
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Type
- 9.1. PC-based Blends & Alloys
- 9.2. PPE/PPO-based Blends & Alloys
- 9.3. Other Types
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 10.1. Automotive
- 10.2. Electrical & Electronics
- 10.3. Consumer Goods
- 10.4. Other Applications
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Covestro AG
- 21.2. BASF SE
- 21.3. CHI MEI Corporation
- 21.4. Saudi Basic Industries Corporation (SABIC)
- 21.5. Asahi Kasei Chemical Corporation
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Type, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By Application, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Type, 2022 (E)
Figure 18: North America Market Value Share, By Application, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Type, 2022 (E)
Figure 26: Latin America Market Value Share, By Application, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Type, 2022 (E)
Figure 34: Europe Market Value Share, By Application, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Type, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Type, 2022 (E)
Figure 42: South Asia Market Value Share, By Application, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Type, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Type, 2022 (E)
Figure 50: East Asia Market Value Share, By Application, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Type, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Type, 2022 (E)
Figure 58: Oceania Market Value Share, By Application, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Type, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Type, 2022 (E)
Figure 75: U. S. Market Value Share, By Application, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Type, 2022 (E)
Figure 78: Canada Market Value Share, By Application, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Type, 2022 (E)
Figure 81: Mexico Market Value Share, By Application, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Type, 2022 (E)
Figure 84: Brazil Market Value Share, By Application, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Type, 2022 (E)
Figure 87: U. K. Market Value Share, By Application, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Type, 2022 (E)
Figure 90: Germany Market Value Share, By Application, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Type, 2022 (E)
Figure 93: France Market Value Share, By Application, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Type, 2022 (E)
Figure 96: Italy Market Value Share, By Application, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Type, 2022 (E)
Figure 99: Spain Market Value Share, By Application, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Type, 2022 (E)
Figure 102: Russia Market Value Share, By Application, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Type, 2022 (E)
Figure 105: China Market Value Share, By Application, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Type, 2022 (E)
Figure 108: Japan Market Value Share, By Application, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Type, 2022 (E)
Figure 111: South Korea Market Value Share, By Application, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Type, 2022 (E)
Figure 114: India Market Value Share, By Application, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By Application, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Type, 2022 (E)
Figure 120: Australia Market Value Share, By Application, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By Application, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Type, 2022 (E)
Figure 129: Turkey Market Value Share, By Application, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Type, 2022 (E)
Figure 132: South Africa Market Value Share, By Application, 2022 (E)
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- FAQs -
What is the current size of the polymer blends & alloys market?
The global polymer blends & alloys market is currently valued at US$ 4.34 billion.
What was the last 5-year CAGR for polymer blend & alloy demand?
Between 2017 and 2021, worldwide polymer blend & alloy sales increased at a 5.2% CAGR.
Who are the top polymer blend & alloy providers in the market?
Covestro AG, BASF SE, CHI MEI Corporation, Saudi Basic Industries Corporation (SABIC), and Asahi Kasei Chemical Corporation are key polymer blend & alloy suppliers.
Which type of polymer blends & alloys is most widely used across industries?
PC-based blends & alloys are most widely used and account for 46% market share.
Which 5 countries drive most demand for polymer blends & alloys?
The U.S., Brazil, Mexico, China, and Germany account for highest demand for polymer blends & alloys.
Which region leads the polymer blends & alloys market?
North America leads the market accounting for 31.7% share in 2022.
At what CAGR will the global polymer blends & alloys market rise?
The market is anticipated to expand at a CAGR of 6.4% during the forecast period (2022-2032).
Polymer Blends & Alloys Market