The Polymer Blends and Alloys Market is expected to grow at > 5.1% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Polymer Blends and Alloys Market
Polymer Blends and Alloys Market is likely to witness an impressive CAGR of 5.1% during the forecast period. Increasing demand from various end-use industries, gradual shift from traditional polymers to blends and alloys, and growing interest towards polymers with superior combination of properties at affordable price are the key driving forces fueling the market for polymer blends and alloys.
Asia-Pacific is estimated to be the largest as well as fastest-growing polymer blends and alloys market during the forecast period, with China, Japan, and India, being the key countries with lucrative growth opportunities. The region has a greater number of players and has comparatively high competition when compared to the developed western economies. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Polymer Blends and Alloys Market Share: By Product Type
Based on the product type, the market is segmented as PC-based blends and alloys, PPO/PPE-based blends and alloys, and others. PC-based blends and alloys dominated the market in 2019, and are expected to remain dominant during the forecast period. High performance of polycarbonate thermoplastics, well known for their strength, toughness, and optical transparency makes them a perennial choice in various applications for a wide range of industries such as automotive, electrical & electronics, and construction. They are largely used with various polymer blends such as PC/PBT, PC/PE, PC/ABS, PC/PE, PC/PET, etc. for improving their limiting factors such as chemical functionality, melt viscosity, and hydrophobicity.
Polymer Blends and Alloys Market Share: By Application Type
Based on the application type, the polymer blends and alloys market is segmented as automotive, electronics, consumer goods and others. The automotive segment dominates the market, driven by the ability of polymer blends and alloys to achieve weight reductions, cost savings, and deliver impressive mechanical and chemical properties as desired by the industry. Electrical & electronics is also likely to offer sizeable opportunities in the market during the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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