The Synthetic Polymers Global Market Report 2023, provides comprehensive information on the synthetic polymers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global synthetic polymers market size is expected to grow from $29.97 billion in 2022 to $31.76 billion in 2023 at a compound annual growth rate (CAGR) of 6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of synthetic polymers market is expected to reach $39.41 billion in 2027 at a CAGR of 5.5%.
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Product innovations are a key trend gaining popularity in the synthetic polymers market. Major companies operating in the synthetic polymers market are developing innovative products to sustain their position in the market. For instance, in January 2022, Toray Industries Inc., a Japan-based textile material manufacturer, developed Ecodear N510 fiber. This innovative product incorporates 100 % biobased synthetic polymer content. Ecodear N510 is made from sebacic acid, which is derived from castor oil, and pentamethylenediamine, which is derived from corn. It is more sustainable, as it does not require the use of fossil fuels. It is also more comfortable to wear, as it is softer and more breathable. It is used in various applications, including clothing, textiles, and industrial products. Additionally, it provides sustainability, heat-resistant comfort, dimensional stability under humid conditions, and strong and durable performance
The synthetic polymers market is segmented
1) By Type: Styrene Acrylic, Styrene Butadiene, Acrylic, Vinyl Acetate Copolymer, Polyvinyl Acetate, Vinyl Acetate Ethylene, Other Types
2) By Application: Paints And Coatings, Adhesives And Sealants, Nonwovens, Carpets, Paper And Paperboard, Other Applications
3) By End User: Construction, Automotive, Electronics, Textile, Healthcare, Other End-Users
Asia-Pacific was the largest region in the synthetic polymers market in 2022.
The table of contents in TBRC’s synthetic polymers market report includes:
1. Executive Summary
2. Synthetic Polymers Market Characteristics
3. Synthetic Polymers Market Trends And Strategies
4. Synthetic Polymers Market – Macro Economic Scenario
5. Synthetic Polymers Market Segmentation
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26. South America Synthetic Polymers Market
27. Brazil Synthetic Polymers Market
28. Middle East Synthetic Polymers Market
29. Africa Synthetic Polymers Market
30. Synthetic Polymers Market Competitive Landscape And Company Profiles
Top Major Players:
- ExxonMobil Chemical
- Sumitomo Chemical Co. Ltd
- Dow Inc
- SABIC
- LG Chem Ltd
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