MS Polymers Market

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MS Polymers Market by Type (SMP, SPUR), Application (Adhesives & Sealant, Coatings), End-Use Industry (Building & Construction, Automotive & Transportation, Industrial Assembly, Electronics), and Region - Global Forecast to 2026

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Report Code: CH 7930 Jul, 2021, by marketsandmarkets.com

[174 Pages Report] The market size for MS Polymers is projected to grow from USD 1.4 Billion in 2021 to USD 1.9 Billion by 2026, at a CAGR of 6.1%. The key factor driving the growth of the market includes environmental regulations in North American and European countries for the use of solvent and isocyanate-free adhesives. The building and construction sector, by end use industry in APAC region is expecting a boom in the forecasted period, and will lead to an increase in the demand for MS Polymers.

MS Polymers Market

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COVID-19 Impact on the Global MS Polymers Market

According to recent updates by the IMF (International Monetary Fund), there will be a recession as bad as the global economic crisis of 2008 or worse in 2020. The IMF has warned of a total output loss of USD 9 trillion of the world economy between 2020 and 2021. The extent of the economic damage still depends on how the virus spreads in Europe, the US, and other major economies.

  • According to economists, the Chinese economy is likely to be hit further by reduced global demand for its products due to the effect of the outbreak on economies around the world. As the pandemic escalates, the growth rate will fall sharply against the backdrop of volatile markets and growing credit stress.
  • Initial data from China suggests that its economy has been hit far harder than projected, although a tentative stabilization has begun. In Europe and the US, increasing restrictions on travel & transportation and prolonged lockdown will lead to a demand collapse that is expected to recover a little in the second quarter before significant recovery begins later in the year.
  • Central banks have swung into action and are undertaking some combinations of sharply reduced policy rates, resumed assets purchase, and liquidity injections. Fiscal authorities have generally lagged but begun to loosen their purse strings. It is expected that larger and more targeted spending to the most affected groups is forthcoming.
  • Restrictions on movement in Europe and the US are putting a severe dent on economic activity. India and Southeast Asian countries are also facing major disruption in their economies.

MS Polymers Market Dynamics

Drivers: Growing demand for hybrid resins in manufacturing adhesives & sealants

The adhesives & sealants have become increasingly popular in comparison to other assembly methods for structural design. The demand for modern product designs and manufacturing processes is increasing rapidly; therefore, new adhesives & sealants are continuously being formulated to meet this demand. The recent advancements in adhesive & sealant technologies have allowed manufacturers to overcome limitations by reducing the time consumed in the manufacturing process and enhancing durability. The MS Polymers based adhesives have the ability to overcome the limitations of individual resins by combining the most critical properties of each resin to form high performance and improved adhesives & sealants. A wide range of solutions is being introduced as next-generation adhesives & sealants, with some degree of customization to meet the needs of the customers. The manufacturers are investing heavily in the R&D of combining various adhesive bonding technologies. The hybrid adhesives developed with these combinations will have the properties of the resins used in manufacturing them. Therefore, the development of hybrid resins for the manufacturing of high-performance hybrid adhesives & sealants plays a significant role in driving the market.

Restraints: Lack of acceptance from end-users

The rate of acceptance of MS Polymers is still on the lower side of the end-users. This lower acceptance rate may be attributed to the lack of awareness about the availability of hybrid adhesives or their preference to use conventional adhesives. The end-users are satisfied with the results obtained from the conventional adhesives. Negligence of the additional benefits such as improved flexibility/elongation, impact/thermal cycling resistance, peel strength, and long-term durability, which can be obtained by using hybrid adhesives.

Opportunities: Growing demand for non-hazardous, green, and sustainable adhesives & sealants

Stringent regulations set by the United States Environmental Protection Agency (US EPA), Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory authorities have compelled manufacturers to make eco-friendly adhesives with low VOC levels. Owing to a rising trend of using eco-friendly or green products in various industries, demand for green adhesives or those with low VOC is increasing. Moving toward a more sustainable product portfolio has provided the market a significant growth opportunity. There is an increasing trend in the global construction market for more green buildings. This seems promising for the development of green and more sustainable adhesive solutions. Such green adhesive solutions are made from renewable, recycled, remanufactured, or biodegradable materials. The use of such eco-friendly products is also good for human health. REACH and GHS are highly regulating the European and US markets. More stress is being laid to eliminate the use of banned or dangerous substances such as organotins, mercury, monomeric isocyanates, pyrrolidones, phthalates, and nonylphenols in the production of adhesives & sealants. This contributes to the growth of the MS Polymers market. This, in turn, is expected to increase the use of eco-friendly products and improve the company’s reputation for promoting eco-friendly products, thus enhancing goodwill.

Challenges: Limited market opportunities in developed countries

The US, Germany, the UK, and Japan have highly developed economy and advanced industrial activities. They also have a well-established infrastructure for the public, commercial, and transportation sectors. The service sector has become more important than the industrial sector in developed countries, making them post-industrial economies. The developed infrastructure in these countries signifies low prospects for new construction activities. Hence, there is a limited scope for the growth of the MS Polymers market in these countries. Manufacturers of hybrid adhesives & sealants need to develop innovative products to capture newer markets, such as healthcare, electronics, and food packaging. Thus, limited market opportunities in developed countries act as a key challenge for the growth of the MS Polymers market.

Building & construction segment accounted for the largest share of the MS Polymers market in 2020.

Building & Construction is the largest end-use industry segment of the MS Polymers market. The MS Polymers are used in a wide range of applications in the building & construction industry such as flooring, tiling, waterproofing, carpet layment, wall covering, insulation, roofing, civil operations, facade, parquet, and others. They are gaining importance in the construction industry, as they are used in bonding, renovation, and maintenance & repair of residential & commercial buildings as well as civil engineering applications.

MS Polymers Market by Region

APAC is the fastest-growing MS Polymers market.

APAC is projected to be the fastest-growing market during the forecast period. The region comprises countries with different levels of economic development. The growth in the region is mainly attributed to use of MS Polymers in various end-use industries such as Automotive & Transportation, and Building & Construction.

Key Market Players

Kaneka (Japan), Wacker (Germany), AGC Chemicals (Japan), Momentive (US) and Evonik Industries AG (Germany). are the major players in the MS Polymers market.

AGC Chemicals (Japan) is expanding its global business in the four fields of glass, chemicals, electronics and ceramics. The company has been manufacturing and selling caustic soda, vinyl chloride materials, urethane raw materials, fluoropolymers and films, water and oil repellents, pharmaceutical and agrochemical intermediates and active ingredients, iodine-related products. The company has the net revenue of USD 4 BN. AGC chemical group has 23 subsidiaries and affiliates worldwide. The company has MS Polymers product range which is providing sealing material for construction, elastic adhesive and coating material. AGC chemicals has launched Fluon+ EM-20010 compounds, ready-to-use materials that the company said inhibits the growth of viruses and bacteria, including COVID-19. 

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Scope of the Report

Report Metric

Details

Years Considered for the study

2019-2026

Base year

2020

Forecast period

2021–2026

Units considered

Value (USD) and Volume (Kiloton)

Segments

By Type
By Application
By End-use Industry
By Region

Regions covered

APAC, Europe, North America, Middle East & Africa, South America

Companies profiled

Kaneka (Japan), Wacker (Germany), AGC Chemicals (Japan), Momentive (US) and Evonik Industries AG (Germany). A total of 10 players have been covered.

This research report categorizes the MS Polymers market based on Type, Application, End-use Industry, and Region.

By Type:

  • Silyl Modified Polyethers (SMP)
  • Silyl Terminated Polyurethanes (SPUR)

By Application:

  • Adhesives & Sealants
  • Coatings

By End-use Industry:

  • Building & Construction
  • Automotive & Transportation
  • Industrial sAssembly
  • Electronics
  • Others

By Region:

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In July 2020, Evonik Industries AG (Germany) has started production at new multi-purpose silicone facility in Germany. Producing the silicones and silyl-terminated polymers (SMP’s) used for example, in parquet adhesive flooring, liquid membranes for roofing or electronical potting applications. 
  • In June 2021, Wacker AG (Germany) has started to build a liquid resins unit at its Germany site. Wacker uses silanes and liquid resins to formulate several specialty silicones like building-protection agents and concrete-protection creams contain these kinds of hydrophobic and hence water-repellent active ingredients, as do binders for exterior paints, corrosion-resistant protective coatings and heat-resistant powder paints.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 16)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           FIGURE 1 MS POLYMERS MARKET SEGMENTATION
           TABLE 1 INCLUSIONS AND EXCLUSIONS
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 20)
    2.1 RESEARCH DATA
           FIGURE 2 MS POLYMERS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
                    2.1.2.4 Primary data sources
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 5 MS POLYMERS MARKET: DATA TRIANGULATION
    2.4 ASSUMPTIONS
    2.5 RISK ANALYSIS ASSESSMENT
    2.6 LIMITATIONS
    2.7 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST

3 EXECUTIVE SUMMARY (Page No. - 29)
    TABLE 2 MS POLYMER MARKET SNAPSHOT (2021 VS. 2026)
    FIGURE 6 MS POLYMERS HAD THE HIGHEST DEMAND IN BUILDING & CONSTRUCTION END-USE INDUSTRY IN 2020
    FIGURE 7 SILYL MODIFIED POLYETHERS POLYMERS HAD THE HIGHEST DEMAND IN MS POLYMERS MARKET IN 2020
    FIGURE 8 APAC TO BE FASTEST-GROWING MARKET FOR MS POLYMERS

4 PREMIUM INSIGHTS (Page No. - 33)
    4.1 ATTRACTIVE OPPORTUNITIES IN MS POLYMERS MARKET
           FIGURE 9 MS POLYMERS MARKET TO WITNESS MODERATE GROWTH BETWEEN 2021 AND 2026
    4.2 MS POLYMERS MARKET, BY END-USE INDUSTRY
           FIGURE 10 SILANE MODIFIED POLYETHER BASED MS POLYMERS TO BE LARGEST SEGMENT BETWEEN 2021 AND 2026
    4.3 APAC: MS POLYMERS MARKET, BY END-USE INDUSTRY AND COUNTRY, 2020
           FIGURE 11 CHINA AND BUILDING & CONSTRUCTION SEGMENTS ACCOUNTED FOR LARGEST SHARE
    4.4 MS POLYMERS MARKET: DEVELOPED VS. DEVELOPING COUNTRIES
           FIGURE 12 MS POLYMERS MARKET TO WITNESS HIGHER GROWTH IN DEVELOPING COUNTRIES
    4.5 MS POLYMERS MARKET: GROWING DEMAND FROM APAC
           FIGURE 13 INDIA TO REGISTER HIGHEST CAGR IN APAC MARKET
    4.6 MS POLYMERS MARKET, BY MAJOR COUNTRIES
           FIGURE 14 INDIA TO EMERGE AS A LUCRATIVE MARKET BETWEEN 2021 AND 2026

5 MARKET OVERVIEW (Page No. - 37)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN MS POLYMERS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand for hybrid resins in manufacturing adhesives & sealants
                    5.2.1.2 Unavailability of new polymeric materials
                    5.2.1.3 Environmental regulations in North America and Europe
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of acceptance from end users
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for non-hazardous, green, and sustainable adhesives & sealants
           5.2.4 CHALLENGES
                    5.2.4.1 Limited market opportunities in developed countries
    5.3 PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 MS POLYMERS MARKET: PORTERS FIVE FORCES ANALYSIS
           FIGURE 16 PORTER’S FIVE FORCES ANALYSIS: MS POLYMERS MARKET
           5.3.1 INTENSITY OF COMPETITIVE RIVALRY
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 THREAT OF NEW ENTRANTS
    5.4 MACROECONOMIC OVERVIEW AND KEY TRENDS
           5.4.1 INTRODUCTION
           5.4.2 TRENDS AND FORECAST OF GDP
                    TABLE 4 TRENDS AND FORECAST OF GDP, ANNUAL PERCENTAGE CHANGE
           5.4.3 TRENDS AND FORECASTS FOR GLOBAL AUTOMOTIVE INDUSTRY
                    TABLE 5 AUTOMOTIVE INDUSTRY PRODUCTION (2019–2020)
           5.4.4 TRENDS AND FORECAST FOR GLOBAL CONSTRUCTION INDUSTRY
                    FIGURE 17 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–2035
           5.4.5 TRENDS IN AEROSPACE INDUSTRY
                    TABLE 6 GROWTH INDICATORS FOR AEROSPACE INDUSTRY, 2015–2033
                    TABLE 7 GROWTH INDICATORS FOR AEROSPACE INDUSTRY, BY REGION, 2015–2033
    5.5 COVID-19 IMPACT
    5.6 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 18 ECONOMIC OUTLOOK FOR MAJOR COUNTRIES
           5.6.1 COVID-19 ECONOMIC IMPACT: SCENARIO ASSESSMENT
                    FIGURE 19 FACTORS THAT IMPACTED ECONOMY OF SELECT G20 COUNTRIES IN 2020
    5.7 IMPACT OF COVID-19 ON END-USE INDUSTRIES
           FIGURE 20 PRE-COVID AND POST-COVID MARKET SCENARIOS: MS POLYMERS MARKET
           5.7.1 IMPACT ON CONSTRUCTION INDUSTRY
           5.7.2 IMPACT ON AUTOMOTIVE INDUSTRY
           5.7.3 IMPACT ON MARITIME INDUSTRY
    5.8 IMPACT OF COVID-19 ON REGIONS
           5.8.1 IMPACT OF COVID-19 ON APAC
           5.8.2 IMPACT OF COVID-19 ON NORTH AMERICA
           5.8.3 IMPACT OF COVID-19 ON EUROPE
           5.8.4 IMPACT OF COVID-19 ON MIDDLE EAST & AFRICA
           5.8.5 IMPACT OF COVID-19 ON SOUTH AMERICA
    5.9 AVERAGE SELLING PRICE TREND
           FIGURE 21 AVERAGE PRICE COMPETITIVENESS IN MS POLYMERS MARKET
    5.10 EXPORT-IMPORT TRADE STATISTICS
           5.10.1 TRADE SCENARIO 2017-2019
                    TABLE 8 COUNTRY-WISE EXPORT DATA, 2017–2019
                    TABLE 9 COUNTRY-WISE IMPORT DATA, 2017–2019
    5.11 MS POLYMERS: ADHESIVES & SEALANTS ECOSYSTEM
           FIGURE 22 MS POLYMERS: ADHESIVES & SEALANTS ECOSYSTEM
           5.11.1 MS POLYMERS: ECOSYSTEM
    5.12 IMPACT OF TRENDS AND TECHNOLOGY DISRUPTION ON MANUFACTURERS OF MS POLYMER ADHESIVES & SEALANTS: YC AND YCC SHIFT
           FIGURE 23 MS POLYMER ADHESIVES INDUSTRY: YC AND YCC SHIFT
           5.12.1 AUTOMOTIVE & TRANSPORTATION
                    5.12.1.1 Electric vehicles
                    5.12.1.2 Shared mobility
                    5.12.1.3 Types of batteries for electric power vehicles
           5.12.2 AEROSPACE
                    5.12.2.1 Ultralight and light aircraft
                    5.12.2.2 Unmanned aircraft systems (UAS) or drones
           5.12.3 HEALTHCARE
                    5.12.3.1 Wearable medical devices
                    5.12.3.2 Microfluidics-based POC and LOC diagnostic devices for laboratory testing
           5.12.4 ELECTRONICS
                    5.12.4.1 Digitalization
                    5.12.4.2 Artificial intelligence
                    5.12.4.3 Augmented reality
    5.13 REGULATIONS
           5.13.1 LEED STANDARDS
                    TABLE 10 BY ARCHITECTURAL APPLICATIONS
    5.14 VALUE CHAIN ANALYSIS
           FIGURE 24 MS POLYMERS: VALUE CHAIN ANALYSIS
    5.15 TECHNOLOGY ANALYSIS
           FIGURE 25 DEVELOPMENT HISTORY
    5.16 PATENT ANALYSIS
           5.16.1 METHODOLOGY
           5.16.2 PUBLICATION TRENDS
                     FIGURE 26 NUMBER OF PATENTS PUBLISHED, 2016-2020
           5.16.3 TOP APPLICANTS
                     FIGURE 27 PATENTS PUBLISHED BY APPLICANTS, 2016-2020
           5.16.4 TOP JURISDICTION
                     FIGURE 28 PATENTS PUBLISHED BY JURISDICTION, 2016-2020
           5.16.5 TOP PATENTS OWNERS (US), 2016-2020

6 MS POLYMERS MARKET, BY TYPE (Page No. - 72)
    6.1 INTRODUCTION
           TABLE 11 MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
           TABLE 12 MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
    6.2 SILYL MODIFIED POLYETHERS
           6.2.1 SMP TECHNOLOGY IS A FAST-GROWING PRODUCT TECHNOLOGY THAT IS USED IN FORMULATIONS FOR SEALANT-ADHESIVES FOR A WIDE VARIETY OF SUBSTRATES
                    TABLE 13 SILYL MODIFIED POLYETHER POLYMER BASED MS POLYMERS MARKET, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 14 SILYL MODIFIED POLYETHER POLYMER BASED MS POLYMERS MARKET, BY REGION, 2019–2026 (KILOTON)
    6.3 SILYL TERMINATED POLYURETHANES (SPUR)
           6.3.1 HIGH COHESION OF PURS TOGETHER WITH CUSTOMARY GOOD ADHESION OF SILICONE-BASED SEALANTS
                    TABLE 15 SILYL TERMINATED POLYURETHANE POLYMER BASED MS POLYMERS MARKET, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 16 SILYL TERMINATED POLYURETHANE POLYMER BASED MS POLYMERS MARKET, BY REGION, 2019–2026 (KILOTON)

7 MS POLYMERS MARKET, BY APPLICATION (Page No. - 78)
    7.1 INTRODUCTION
           TABLE 17 MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
           TABLE 18 MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
    7.2 ADHESIVES & SEALANTS
           7.2.1 MS POLYMER-BASED ADHESIVES ARE USED MOSTLY IN THE AUTOMOTIVE INDUSTRY, WHERE THEY ARE PREFERRED OVER POLYURETHANE ADHESIVES
                    7.2.1.1 ADHESIVE
           7.2.2 SEALANT
                    TABLE 19 MS POLYMERS MARKET SIZE IN ADHESIVES & SEALANTS, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 20 MS POLYMERS MARKET IN ADHESIVES & SEALANTS, BY REGION, 2019–2026 (KILOTON)
    7.3 COATING
           7.3.1 MS POLYMER COATINGS IS BACKED BY ITS FAST CURING, HIGH WATERPROOFING PROPERTIES, PRIMER LESS APPLICATION, HIGH STRENGTH AND ELASTICITY, RESISTANT TO WEATHER CONDITIONS
                    TABLE 21 MS POLYMERS MARKET SIZE IN COATINGS, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 22 MS POLYMERS MARKET IN COATINGS, BY REGION, 2019–2026 (KILOTON)

8 MS POLYMERS MARKET, BY END-USE INDUSTRY (Page No. - 82)
    8.1 INTRODUCTION
           FIGURE 29 BUILDING &CONSTRUCTION LEAD THE MS POLYMERS MARKET IN 2020
           TABLE 23 MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
           TABLE 24 MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
    8.2 BUILDING & CONSTRUCTION
           8.2.1 USE IN BONDING, RENOVATION, AND MAINTENANCE & REPAIR OF BUILDINGS TO BOOST DEMAND
                    TABLE 25 MS POLYMERS MARKET SIZE IN BUILDING & CONSTRUCTION, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 26 MS POLYMERS MARKET IN BUILDING & CONSTRUCTION, BY REGION, 2019–2026 (KILOTON)
    8.3 AUTOMOTIVE & TRANSPORTATION
           8.3.1 USE IN AUTOMOBILES AND AEROSPACE APPLICATIONS TO DRIVE MARKET
                    TABLE 27 MS POLYMERS MARKET IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 28 MS POLYMERS MARKET IN AUTOMOTIVE & TRANSPORTATION, BY REGION, 2019–2026 (KILOTON)
    8.4 ELECTRONICS
           8.4.1 FLEXIBILITY AND LOW SHRINKAGE MAKING MS POLYMER IDEAL FOR BONDING THIN SUBSTRATES
                    TABLE 29 MS POLYMERS MARKET IN ELECTRONICS, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 30 MS POLYMERS MARKET IN ELECTRONICS, BY REGION, 2019–2026 (KILOTON)
    8.5 INDUSTRIAL ASSEMBLY
           8.5.1 INCREASING NEED IN MARINE AND WIND ENERGY APPLICATIONS TO DRIVE MARKET
                    TABLE 31 MS POLYMERS MARKET IN INDUSTRIAL ASSEMBLY, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 32 MS POLYMERS MARKET IN INDUSTRIAL ASSEMBLY, BY REGION, 2019–2026 (KILOTON)
    8.6 OTHERS
           TABLE 33 MS POLYMERS MARKET IN OTHER APPLICATIONS, BY REGION, 2019–2026 (USD MILLION)
           TABLE 34 MS POLYMERS MARKET IN OTHER APPLICATIONS, BY REGION, 2019–2026 (KILOTON)

9 MS POLYMERS, BY REGION (Page No. - 91)
    9.1 INTRODUCTION
           FIGURE 30 CHINA AND INDIA ARE EMERGING AND LUCRATIVE MARKETS IN APAC WHICH LEAD THE MS POLYMERS MARKET
           TABLE 35 MS POLYMERS MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
           TABLE 36 MS POLYMERS MARKET SIZE, BY REGION, 2019–2026 (KILOTON)
    9.2 APAC
           9.2.1 IMPACT OF COVID-19 ON APAC
                    FIGURE 31 APAC: MS POLYMERS MARKET SNAPSHOT
                    TABLE 37 APAC: MS POLYMERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                    TABLE 38 APAC: MS POLYMERS MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)
                    TABLE 39 APAC: MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 40 APAC: MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                    TABLE 41 APAC: MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                    TABLE 42 APAC: MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                    TABLE 43 APAC: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    TABLE 44 APAC: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
           9.2.2 CHINA
                    9.2.2.1 Major players building new manufacturing facilities due to cheap labor and raw materials
                               TABLE 45 CHINA: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                               TABLE 46 CHINA: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
           9.2.3 JAPAN
                    9.2.3.1 Dominance in the automotive industry challenged by emerging APAC countries
                               TABLE 47 JAPAN: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                               TABLE 48 JAPAN: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
           9.2.4 INDIA
                    9.2.4.1 Government initiatives to help growth of end-use industries
           9.2.5 SOUTH KOREA
                    9.2.5.1 Growth in the automotive industry to positively influence demand for automotive adhesives from OEMs
           9.2.6 INDONESIA
                    9.2.6.1 Availability of cheap labor and raw materials to propel the growth of the market
           9.2.7 MALAYSIA
                    9.2.7.1 Huge auto manufacturing hub to boost demand
           9.2.8 THAILAND
                    9.2.8.1 Growing aviation industry to positively boost demand
           9.2.9 VIETNAM
                    9.2.9.1 Increased investment in the automotive industry to drive the market
           9.2.10 REST OF APAC
    9.3 NORTH AMERICA
           9.3.1 IMPACT OF COVID-19 ON NORTH AMERICA
                    FIGURE 32 NORTH AMERICA: MS POLYMERS MARKET SNAPSHOT
                    TABLE 49 NORTH AMERICA: MS POLYMERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                    TABLE 50 NORTH AMERICA: MS POLYMERS MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)
                    TABLE 51 NORTH AMERICA: MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 52 NORTH AMERICA: MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                    TABLE 53 NORTH AMERICA: MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                    TABLE 54 NORTH AMERICA: MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                    TABLE 55 NORTH AMERICA: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    TABLE 56 NORTH AMERICA: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
           9.3.2 US
                    9.3.2.1 Accounts for largest share of region’s market
                               TABLE 57 US: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                               TABLE 58 US: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
           9.3.3 CANADA
                    9.3.3.1 Growing end-use industries to positively influence the demand
           9.3.4 MEXICO
                    9.3.4.1 Low-cost manufacturing to play a key role in driving the market
    9.4 EUROPE
           9.4.1 IMPACT OF COVID-19 ON EUROPE
                    FIGURE 33 EUROPE: MS POLYMERS MARKET SNAPSHOT
                    TABLE 59 EUROPE: MS POLYMERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                    TABLE 60 EUROPE MS POLYMERS MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)
                    TABLE 61 EUROPE: MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 62 EUROPE: MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                    TABLE 63 EUROPE: MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                    TABLE 64 EUROPE: MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                    TABLE 65 EUROPE: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    TABLE 66 EUROPE: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
           9.4.2 GERMANY
                    9.4.2.1 Largest producer in Europe due to the presence of major manufacturers
                               TABLE 67 GERMANY: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                               TABLE 68 GERMANY: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
           9.4.3 FRANCE
                    9.4.3.1 Moderate growth in end-use industries to boost the market
           9.4.4 ITALY
                    9.4.4.1 Increasing automobile production and exports to drive the demand
           9.4.5 UK
                    9.4.5.1 COVID-19 outbreak likely to have a severe impact on end-use industries
           9.4.6 RUSSIA
                    9.4.6.1 Currency devaluation to hamper the market growth
           9.4.7 TURKEY
                    9.4.7.1 Infrastructure investment by government to boost the demand
           9.4.8 SPAIN
                    9.4.8.1 Large automotive sector to positively influence the growth of the market
           9.4.9 REST OF EUROPE
    9.5 SOUTH AMERICA
           9.5.1 IMPACT OF COVID-19 ON SOUTH AMERICA
                    TABLE 69 SOUTH AMERICA: MS POLYMERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                    TABLE 70 SOUTH AMERICA: MS POLYMERS MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)
                    TABLE 71 SOUTH AMERICA: MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 72 SOUTH AMERICA: MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                    TABLE 73 SOUTH AMERICA: MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                    TABLE 74 SOUTH AMERICA: MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                    TABLE 75 SOUTH AMERICA: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    TABLE 76 SOUTH AMERICA: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
           9.5.2 BRAZIL
                    9.5.2.1 Emerging economy and automotive industry to fuel the market
           9.5.3 ARGENTINA
                    9.5.3.1 Increasing population and improved economic conditions to propel the market
           9.5.4 REST OF SOUTH AMERICA
    9.6 MIDDLE EAST & AFRICA
           9.6.1 COVID-19 IMPACT ON MIDDLE EAST & AFRICA
                    TABLE 77 MIDDLE EAST & AFRICA: MS POLYMERS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                    TABLE 78 MIDDLE EAST & AFRICA: MS POLYMERS MARKET SIZE, BY COUNTRY, 2019–2026 (KILOTON)
                    TABLE 79 MIDDLE EAST & AFRICA: MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                    TABLE 80 MIDDLE EAST & AFRICA: MS POLYMERS MARKET SIZE, BY TYPE, 2019–2026 (KILOTON)
                    TABLE 81 MIDDLE EAST & AFRICA: MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)
                    TABLE 82 MIDDLE EAST & AFRICA: MS POLYMERS MARKET SIZE, BY APPLICATION, 2019–2026 (KILOTON)
                    TABLE 83 MIDDLE EAST & AFRICA: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    TABLE 84 MIDDLE EAST & AFRICA: MS POLYMERS MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (KILOTON)
           9.6.2 UAE
                    9.6.2.1 Growing aircraft manufacturing activities to boost demand
           9.6.3 AFRICA
                    9.6.3.1 Bigger share of automotive industry to boost the demand
           9.6.4 REST OF MIDDLE EAST & AFRICA

10 COMPETITIVE LANDSCAPE (Page No. - 135)
     10.1 OVERVIEW
             10.1.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MS POLYMER PLAYERS
     10.2 COMPETITIVE EVALUATION MATRIX
             TABLE 85 PRODUCT FOOTPRINT OF COMPANIES
             TABLE 86 INDUSTRY FOOTPRINT OF COMPANIES
             TABLE 87 APPLICATION FOOTPRINT OF COMPANIES
             TABLE 88 REGION FOOTPRINT OF COMPANIES
     10.3 MS POLYMERS MARKET SHARE ANALYSIS
             FIGURE 34 MS POLYMERS MARKET SHARE ANALYSIS, 2020
     10.4 COMPETITIVE SCENARIO AND TRENDS
             TABLE 89 MS POLYMERS MARKET: PRODUCT LAUNCHES, 2016–2021
             TABLE 90 MS POLYMERS MARKET: OTHERS, 2017–2021
     10.5 COMPANY EVALUATION QUADRANT
           FIGURE 35 MS POLYMERS MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2020
             10.5.1 STAR
             10.5.2 PERVASIVE
             10.5.3 EMERGING LEADER
             10.5.4 PARTICIPANT
             10.5.5 COMPETITIVE BENCHMARKING
                        FIGURE 36 COMPANY PRODUCT FOOTPRINT
     10.6 MARKET RANKING ANALYSIS
             TABLE 91 MS POLYMERS: MARKET RANKING

11 COMPANY PROFILES (Page No. - 143)
     11.1 MAJOR PLAYERS
(Business Overview, Products, Key Insights, Recent Developments, MnM View)* 
             11.1.1 KANEKA
                        TABLE 92 KANEKA: BUSINESS OVERVIEW
                        FIGURE 37 KANEKA: COMPANY SNAPSHOT
                        TABLE 93 KANEKA: OTHERS
             11.1.2 AGC CHEMICALS
                        TABLE 94 AGC CHEMICALS: BUSINESS OVERVIEW
                        FIGURE 38 AGC CHEMICALS: COMPANY SNAPSHOT
             11.1.3 EVONIK INDUSTRIES AG
                        TABLE 95 EVONIK INDUSTRIES AG: BUSINESS OVERVIEW
                        FIGURE 39 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
                        TABLE 96 EVONIK INDUSTRIES AG: OTHERS
             11.1.4 MOMENTIVE
                        TABLE 97 MOMENTIVE: BUSINESS OVERVIEW
             11.1.5 WACKER CHEMIE
                        TABLE 98 WACKER CHEMIE: BUSINESS OVERVIEW
                        FIGURE 40 WACKER CHEMIE: COMPANY SNAPSHOT
                        TABLE 99 WACKER CHEMIE: PRODUCT LAUNCHES
                        TABLE 100 WACKER : OTHERS
             11.1.6 RISUN POLYMER
                        TABLE 101 RISUN POLYMER: BUSINESS OVERVIEW
                        FIGURE 41 RISUN POLYMER: COMPANY SNAPSHOT
             11.1.7 SISIB SILANES AND SILICONES
                        TABLE 102 SISIB SILANES AND SILICONES: BUSINESS OVERVIEW
             11.1.8 COVESTRO
                        TABLE 103 COVESTRO: BUSINESS OVERVIEW
                        FIGURE 42 COVESTRO: COMPANY SNAPSHOT
             11.1.9 HUBEI CO-FORMULA MATERIAL TECH
                        TABLE 104 HUBEI CO-FORMULA MATERIAL TECH: BUSINESS OVERVIEW
             11.1.10 INOV CHEM
                        TABLE 105 INOV CHEM: BUSINESS OVERVIEW
*Details on Business Overview, Products Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies. 

12 APPENDIX (Page No. - 167)
     12.1 INSIGHTS OF INDUSTRY EXPERTS
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS

The study involves four major activities in estimating the current market size of MS Polymers. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and sub-segments of the overall market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to for identifying and collecting information for this study. These secondary sources also included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The MS Polymers market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development in end-use industries, such as Automotive & Transportation, Building & Construction, Industrial Assembly, Electronics, and Others. The supply side is characterized by advancements in technology. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

MS Polymers Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the MS Polymers market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global MS Polymers Market Size: Bottom-Up Approach

MS Polymers Market Size, and Bottom-Up Approach

MS Polymers Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, and forecast the size of the Modified Silane (MS) polymers market in terms of both value and volume.
  • To analyze the MS Polymers market by applications, such as adhesives, sealants, and coatings.
  • To provide detailed information about key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To forecast the market size by application, end-use industry, and region
  • To forecast the market size with respect to five main regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape for market leaders.
  • To analyze competitive developments in the market, such as new product development, merger & acquisition, and investment & expansion
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

Note: 1. Micromarkets are defined as the sub-segments of the MS Polymers market included in the report.

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the MS Polymers market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Polymer Market Overview

The polymer market is a large and diverse industry that includes the production and sale of a wide range of polymer materials. Polymers are macromolecules made up of repeating units, and they can be naturally occurring or synthetic. Synthetic polymers are the most commonly used and are produced from various raw materials, including petroleum, coal, natural gas, and renewable sources such as plant materials.
 
The global polymer market is driven by several factors, including the growing demand for lightweight and durable materials in various industries, such as automotive, packaging, and construction. The increasing demand for renewable and sustainable materials is also driving the growth of the polymer market, with a growing focus on developing biodegradable and compostable polymers.
 
The polymer market is divided into several product categories, including thermoplastics, thermosets, elastomers, and fibers. Thermoplastics are the most widely used type of polymer and include materials such as polyethylene, polypropylene, and polyvinyl chloride. Thermosets include materials such as epoxy and phenolic resins, while elastomers include materials such as rubber. Fibers include materials such as polyester and nylon.
 
MS Polymer, also known as Modified Silane Polymer or Hybrid Polymer, is a type of polymer that is widely used in the construction, automotive, and adhesive industries. It is a type of hybrid polymer that combines the properties of silicone and polyurethane to create a material that is highly durable, flexible, and resistant to environmental factors such as moisture and UV radiation.
 
The MS Polymer market is a subcategory of the broader polymer market, as it is a type of polymer material. However, the MS Polymer market is characterized by its unique properties and applications, which distinguish it from other types of polymers.
 
MS Polymer is used in a wide range of applications, including construction sealants, adhesives, coatings, and automotive bonding and sealing. Its high bonding strength and resistance to environmental factors make it particularly useful in outdoor applications, such as in the construction of buildings and bridges.
 
The MS Polymer market is expected to grow in the coming years, driven by the increasing demand for high-performance materials that can withstand extreme conditions. The growing focus on sustainability is also expected to drive the demand for MS Polymers, as they are a more environmentally friendly alternative to traditional solvent-based adhesives and sealants.
 
Overall, the MS Polymer market is connected to the broader polymer market, but it is characterized by its unique properties and applications. Its high performance, durability, and resistance to environmental factors make it a popular choice for a wide range of applications in the construction, automotive, and adhesive industries.
The broader polymer market is expected to have a significant impact on the MS Polymer market, as MS Polymer is a type of polymer material with unique properties and applications. As the polymer market continues to grow and evolve, it is likely that new technologies and innovations will emerge that will impact the development and use of MS Polymers.
 
One way in which the polymer market is likely to impact the MS Polymer market is through the development of new and innovative materials that can compete with MS Polymers in terms of performance and cost-effectiveness. As the demand for high-performance materials continues to grow, manufacturers are likely to invest in the development of new types of polymers and hybrid materials that can offer similar or better properties than MS Polymers.
 
Another way in which the polymer market may impact the MS Polymer market is through the growing focus on sustainability and environmental performance. As consumers and businesses become more concerned about the environmental impact of their products and processes, there is likely to be increasing demand for materials that are environmentally friendly and sustainable. This is likely to drive the development and use of alternative materials to MS Polymers that are biodegradable, compostable, or made from renewable sources.
 
However, it is also possible that the MS Polymer market will continue to grow and evolve in its own right, driven by the unique properties and applications of MS Polymers. As the demand for high-performance, durable, and flexible materials continues to grow, MS Polymers are likely to remain a popular choice in the construction, automotive, and adhesive industries. The development of new formulations and processing technologies is also likely to drive the growth and innovation in the MS Polymer market.

Polymer Market Trends

The polymer market is a rapidly evolving industry that is constantly developing new and innovative materials for a wide range of applications. Some of the futuristic growth use-cases of the polymer market include:
 
1. 3D Printing: The development of new polymer materials is expected to drive the growth of the 3D printing industry, allowing for the creation of more complex and durable parts for a wide range of applications, from automotive and aerospace to medical and consumer goods.
 
2. Biodegradable and Compostable Polymers: The demand for environmentally friendly and sustainable materials is driving the development of new biodegradable and compostable polymers. These materials are expected to be used in a wide range of applications, including packaging, agriculture, and consumer goods.
 
3. Smart Polymers: Smart polymers are materials that can respond to changes in their environment, such as temperature, pressure, or pH. These materials have potential applications in the medical industry, for drug delivery and tissue engineering, as well as in the construction and aerospace industries for adaptive materials.
 
4. Polymer Nanocomposites: Polymer nanocomposites are materials that incorporate nanoparticles into polymer matrices to improve their mechanical, thermal, and electrical properties. These materials have potential applications in a wide range of industries, including automotive, aerospace, and electronics.
 
5. High-performance Polymers: The development of new high-performance polymers is expected to drive the growth of the polymer market in a wide range of industries, including automotive, aerospace, and medical. These materials offer improved mechanical, thermal, and chemical properties and can be used in a variety of applications, such as structural components and adhesives.

Top Companies in Polymer Market

The polymer market is a large and diverse industry with many players across the globe. Some of the top players in the polymer market, in terms of revenue and market share, are:
 
1. Dow Chemical Company: Dow is a leading player in the polymer market and offers a wide range of polymer products, including polyethylene, polypropylene, and elastomers. The company serves a range of industries, including packaging, automotive, and construction.
 
2. BASF SE: BASF is a global chemical company that produces a range of polymers, including engineering plastics, polyurethanes, and styrenics. The company serves a range of industries, including automotive, construction, and consumer goods.
 
3. DuPont de Nemours, Inc.: DuPont is a multinational company that offers a wide range of polymer products, including engineering plastics, elastomers, and films. The company serves a range of industries, including automotive, construction, and electronics.
 
4. ExxonMobil Corporation: ExxonMobil is a leading player in the polymer market and produces a range of products, including polyethylene, polypropylene, and specialty polymers. The company serves a range of industries, including packaging, automotive, and construction.
 
5. LG Chem Ltd.: LG Chem is a South Korean company that produces a range of polymer products, including engineering plastics, specialty resins, and synthetic rubbers. The company serves a range of industries, including automotive, electronics, and consumer goods.
 
6. SABIC: SABIC is a global chemical company that produces a range of polymer products, including engineering plastics, polyethylene, and polypropylene. The company serves a range of industries, including automotive, construction, and packaging.
 
7. Covestro AG: Covestro is a German company that produces a range of polymer products, including polyurethanes, polycarbonates, and thermoplastic polyurethanes. The company serves a range of industries, including automotive, construction, and electronics.
 
These are just a few of the top players in the polymer market, and there are many other companies that are also significant players in the industry.

Polymer Market Impact on Different Industries

The polymer market is a large and diverse industry that has applications in a wide range of industries. Here are a few examples of other industries that are likely to be impacted by the polymer market in the future:
 
1. Automotive Industry: The automotive industry is a major consumer of polymer materials, which are used in a variety of applications, including interior and exterior parts, engine components, and electrical systems. As the industry shifts towards electric vehicles and autonomous driving technology, there will be a growing demand for lightweight, durable, and high-performance polymer materials.
 
2. Construction Industry: The construction industry is another major consumer of polymer materials, which are used in a variety of applications, including insulation, roofing, flooring, and piping. As the industry seeks to improve energy efficiency and sustainability, there will be a growing demand for high-performance and environmentally friendly polymer materials.
 
3. Packaging Industry: The packaging industry is a major consumer of polymer materials, which are used in a variety of applications, including food packaging, consumer goods packaging, and industrial packaging. As the industry seeks to improve sustainability and reduce waste, there will be a growing demand for biodegradable and compostable polymer materials.
 
4. Medical Industry: The medical industry is a rapidly growing market for polymer materials, which are used in a variety of applications, including medical devices, implants, drug delivery systems, and tissue engineering. As the industry seeks to improve patient outcomes and reduce healthcare costs, there will be a growing demand for high-performance and biocompatible polymer materials.
 
5. Electronics Industry: The electronics industry is a major consumer of polymer materials, which are used in a variety of applications, including displays, semiconductors, and printed circuit boards. As the industry seeks to improve performance and reduce costs, there will be a growing demand for high-performance and cost-effective polymer materials.
 
The polymer market is likely to continue to have a significant impact on a wide range of industries, as new and innovative polymer materials are developed for a variety of applications.


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