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Specialty Polymers Market to Benefit from High Demand from Asia Pacific: Transparency Market Research

Transparency Market Research has added new report to its database titled, "Specialty Polymers Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2015 - 2023"
Published 08 September 2015
The global specialty polymers market is still in a nascent stage. Hence, it is expected to exhibit significant growth in the coming few years. Several segments of the global specialty polymers market are expected to witness good growth in the coming few years. By type, the global speciality polymers market is segmented into thermoplastic polymers, conducting polymers, electroluminescent polymers, liquid crystal polymers, polymer composites, and biodegradable polymers.
 
Global Specialty Polymers Market Fueled by High Demand from Automotive and Electrical Industries
 
Geography-wise, the global specialty polymers market is divided into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. The global specialty polymers market is experiencing a rising demand for specialty polymers from Asia Pacific countries such as India and China. The growing economic development of these nations has resulted in improvement in the purchasing power of individuals. This is expected to drive the Asia Pacific specialty polymers market. Asia Pacific is projected to be the fastest growing regional segment of the global specialty polymers market in the foreseeable future.
 
Browse Full Global Specialty Polymers Market Research Report With Complete TOC @ http://www.transparencymarketresearch.com/specialty-polymers-market.html
 
Furthermore, the rapidly expanding infrastructure, along with the automotive and electrical sectors, in China and India will fuel the Asia Pacific specialty polymers market. The increasing per capita income is one of the key factors that will continue to fuel the specialty polymers market in this region.
 
Global Specialty Polymers Market Suppressed by Volatility in Raw Material Prices 
 
Besides the high demand from APAC, the global specialty polymers market will also be driven by the rising need for specialized polymers in several industrial sectors. By end use, the global specialty polymers market is segmented into medical and safety, electrical and electronics, adhesives, sealants, and coatings, building and construction, consumer goods, automotive and transportation, and others. The expanding end-use industries of specialty polymers will drive the global specialty polymers market in the coming few years.
 
The high instability in prices of raw materials needed to manufacture specialty polymers is expected to be the key restraining factor for the global specialty polymers market. Nevertheless, the promising benefits gained using specialty polymers in the several end-use and allied industries are projected to moderate the effect of the volatile prices of raw materials. Some of the beneficial properties of specialty polymers are their high endurance limit, thermal stability, resistance to wear and tear, electrical insulation, and corrosion resistance. Another factor expected to suppress the global specialty polymers market is the growing demand for replacement of existing polymers in industries by better, technologically advanced substitutes.
 
Competitive Landscape of the Global Specialty Polymers Market
 
The key companies operating in the global specialty polymers market are Croda International, Koninklijke DSM, Arkema Group, A. Schulman, Alpek S.A.B de C.V., 3M, The Dow Chemical Company, LLC, AmeriLux International, PolyOne Corporation, Specialty Polymers, BASF SE, Solvay Group, Clariant, Ashland, and Evonik Industries.
 
One of the trends that players in the global specialty polymers market are focusing on is R&D to offer more environment-friendly polymers. This trend is expected to fuel the demand for biodegradable polymers in several end-use industries. For example, a Minnesota-based firm, Natureworks, offers a biodegradable plastic made from cornstarch. The Coca-Cola Company launched PlantBottle in 2009; this bottle was made from polyethylene terephthalate, which was made of approximately 30% biobased material.
 
 

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