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| Specialty Polymers Market |
Specialty polymers are polymer additives, which are used to enhance the ideal physical properties of polymers and enhance their performance. These chemicals are usually manufactured in small quantities and premium priced in comparison to commodity chemicals. Specialty polymers are classified under the segment of specialty chemicals. These chemicals are preferred over conventional polymers, as they possess specialized properties such as enhanced endurance limit, electrical insulation, thermal stability, and high heat, corrosion, and flame resistance. Thus resulting in their wide scale usage as insulating materials in various applications.
Specialty polymers are used in various end-use industries such as automotive, electronics, marine, cosmetics, medical, aerospace, agriculture, and construction. The different kinds of polymers include electroluminescent polymers, conducting polymers, biodegradable polymers, liquid crystal polymers, polymer composites, and thermoplastic polymers. Different specialty polymers demonstrate different properties, thus making each one suitable for a unique set of applications.
Specialty Polymers Market Taxonomy
On the basis of product type, the global specialty polymers market is segmented into:
- Thermoplastic Polymers
- Polytetrafluoroethylene (PTFE)
- Polycarbonate (PC)
- Polysulfonates
- Others
- Biodegradable Polymers
- Polyhydroxybutarate (PHB)
- Polyhydroxybutarate-hydroxyvalarate (PHBV)
- Polyhydroxyvalarate (PHV)
- Conducting Polymers
- Intrinsically Conducting Polymers
- Extrinsically Conducting Polymers
- Doped Conducting Polymers
- Coordination Conducting Polymers
And So on ...
Specialty Polymers Market Outlook – Asia-Pacific is the fastest-growing region in the specialty polymers market
Asia Pacific is projected to be the fastest-growing market for specialty polymers, over the forecast period, due to the growing such as India, China, Japan, and South Korea. The growing population in countries such as India, China, Japan and South Korea, has led to increasing urbanization, thus resulting in the rampant growth of automotive, construction, and electronic end-use industries in the region. Specialty polymers hold a significant position in these industries, thus the growth of these industries, leads to an increasing demand for specialty polymers, in turn fueling market growth in the region. Increasing disposable income among the populace and growing infrastructural development are major drivers escalating growth of the specialty polymers market in the region.
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Rampant economic growth experienced by countries in Asia Pacific, has compelled the manufacturing units of key players such as BASF and The Dow Chemical Company to expand to the region, in order to capitalize lucrative growth opportunities. Thus creating a highly conducive environment for growth of the specialty polymers market in the region. Fluctuating prices of crude oil, which is the basis feedstock for specialty polymers, poses as a restraining growth factor. Also, low focus of players on R&D activities, which subsequently results in limited technological advancements in manufacturing specialty polymers are other major restraints for market growth. Some of the major companies operating in the global specialty polymers market are Croda International Plc, Evonik Industries, BASF, Solvay Group, Specialty Polymers Inc., PolyOne Corporation, AmeriLux International LLC, The Dow Chemical Company, Clariant, Arkema Group, 3M, A.Schulman, Inc., Ashland Inc., and Koninklijke DSM N.V.
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