Specialty Polymers Market To Maintain Healthy CAGR Till 2021

Specialty Polymers market to maintain healthy CAGR till 2021

11-Jan-17

Polymers exhibiting special properties such as ability to conduct heat compared to conventional polymers are known as specialty polymers. Specialty polymers are differentiated into six types such as thermoplastic polymers, biodegradable polymers, polymer composites, liquid crystal polymers, electroluminescent polymers, and conducting polymers. They are highly in demand and exclusively employed in various end-applications such as construction, automotive, medical, electronics, cosmetics and others, as per Syndicate Market Research

Specialty polymers market is primarily driven by growing demand form electronics and construction industry especially in Asia Pacific region. In addition, growing usage of specialty polymers in various industries such as pharmaceutical, automotives and cosmetics is expected to bolster the demand for specialty polymers during the years to come. However, fluctuating cost of raw materials is a major restraint that is expected to impede the growth of global specialty polymers market. The market is segmented on the basis of application and regions. The key applications covered under this study includes automotive, adhesives, construction, sealants & coatings, electrical & electronics, medical and others applications. Among all, construction and electronics were the largest application segments that accounted for a significant share of global specialty polymers in 2015 and are expected to be the fastest growing segment for the predicted coming years.

Geographically, specialty polymers market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Furthermore, the report also includes the regions with further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. Among all regions, Asia Pacific region is one of the fastest growing regions for specialty polymers owing to growing various industries in emerging economies such as China and India coupled with penetration of international players to set up manufacturing facilities in India in near future.