The [URL=https://industryarc.com/Report/18767/polymers-market]global polymers market[/URL] will surpass a value of $665.6 billion as of 2018, and its value is estimated to grow at a CAGR of 5.1% during the forecast period of 2019-2025. According to the recent market research report by IndustryARC titled “Polymers Market : By Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene, Polyurethane, Polyethylene terephthalate, Acrylonitrile Butadiene Styrene and others); By Process (Film, Profile, Sheet, Injection Molding and Others); By End-User Industry (Packaging, Building and Construction, Automotive, Consumer Goods, Electrical and Electronics, Agriculture and others) Geographic Analysis - Forecast (2019-2025).” The analyst of the report has pinpointed APAC as the key region, which generated more than 44% of the global demand as of 2018. Global Polymers Market: Key Drivers and Trends
• Polyphenylene vinylene (PPV) is polymers with technological properties. It is a long hydrocarbon to which certain side groups are attached. By electing different side groups, it is possible to set the electronic properties of the material. They conduct electric current and interact with light, which reflects a use in solar cells. As the solar power market expands on the back of governmental emphasis on renewable energy, the demand for PPV is expected to surge in the near future.
• By replacing conventional materials, the building and construction industry holds priority for the adoption of polymers. Over the years, polymers have gained eminence in structural engineering applications. Polymeric material has been proven effective in a variety of fields including masonry, steel, strengthening concrete, cast iron, and timber structures. Growing development and expansion of more modern housing stock is propelling the demand for in the polymers market from the residential construction segment.
Packaging Industry Leads the Polymers Market During the Forecast Period:
The global polymers market for the packaging industry is growing steadily at a CAGR of around 4.1% during the forecast period, as per the IndustryARC business study. Polymer plastic is highly useful for packaging food. By preserving food in polymer packaging, food producers are able to extend the shelf life of their products and reduce waste. For instance, DuPont polymer packaging resins aid packages to stay intact and secure as they are transported from manufacturing units to the dining table of intended customers.
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