The global Sea Liner Compounds Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Sea Liner Compounds market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the sea liner compounds market which was growing at a value of 13.67 billion in 2021 and is expected to reach the value of USD 24.20 billion by 2029, at a CAGR of 7.40% during the forecast period.
Top Companies in the Global Sea Liner Compounds Market:
DuPont (U.S.) BASF SE ((Germany), Dow (U.S.) Arkema (France) KURARAY CO., LTD. (Japan) Adell Plastic Inc. (U.S.) Asahi Kasei Corporation (Japan) RTP Company (U.S.), LyondellBasell Industries Holdings B.V (U.K.), KRATON CORPORATION. (U.S.), PolyVisions (U.S.) Akro-Plastic GmbH (Germany) Aurora Plastics LLC (U.S.) Exxon Mobil Corporation (U.S.) DSM (Netherlands) SABIC (Saudi Arabia), Sojitz Corporation (Japan), Celanese Corporation (U.S.) HEXPOL AB (Sweden) Covestro AG (Germany), among others.
Market Segmentation:
The sea liner compounds market is segmented on the basis of product and end user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Polyethylene
- Polypropylene (PP)
- Thermoplastic Vulcanizates (TPV)
- Thermoplastic Polyolefins (TPO)
- Poly Vinyl Chloride (PVC)
- Polystyrene
- Polyethylene (PET)
- Polybutylene Terephthalate (PBT)
- Polyamide
- Polycarbonate
- Acrylonitrile Butadiene Styrene (ABS)
- Others
End User Industry
- Automotive
- Building & Construction
- Electrical & Electronics
- Packaging
- Consumer Goods
- Industrial Machinery
- Medical Devices
- Optical Media
- Others
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Asia-Pacific (APAC) region's composition is expected to grow rapidly due to factors such as lower raw material prices, limited rigorous environmental systems, and others.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Market Dynamics
Drivers
- Growing utilisation of shipping vessels
The use of shipping vessels is growing in coastal states because it is both cost-effective and comfortable. The use of transport vessels in the architecture industry is increasing market saturation. Consistent research and development in waterborne freighting container layers have inflated the market for environmentally friendly transportation vessel films. Various amounts of steel alter the sea liner compounds business, causing a dent in the market.
- High prominence of plastic compounding
Regulatory intervention by governments around the world to reduce gross vehicle weight and improve fuel efficiency, thereby lowering carbon emissions, has prompted automotive OEMs and spare parts manufacturers to use plastics as a substitute for metals such as steel and aluminium in the fabrication of automotive components. Plastic compounding is expected to gain prominence as the demand for thermoplastics and thermosets in automotive component fabrication grows, owing to increasing quality and material specification requirements from automotive OEMs. Aside from these applications, various compounded plastics such as PVC are commonly used to insulate electrical wiring, while thermosets are commonly used to withstand high temperatures and heat in switches, light fittings, and handles.
Opportunities
- Rising trend of bio-based products
Plastics made from bio-based polymers contribute to more sustainable commercial plastic life cycles as part of a circular economy in which virgin polymers are made from renewable or recycled raw materials. These plastics are made with carbon-neutral energy and are reused or recycled when they reach the end of their useful life (EOL). Bio-based plastics have a lower carbon footprint and better material properties than fossil-based plastic compounds. Furthermore, they are compatible with existing recycling streams, some even provide biodegradation in controlled or predictable environments.
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