Global Specialty Polymers Market by Types (Thermoplastic Polymers [Polytetrafluoroethylene, Polycarbonate, and Others], Conducting Polymers [Intrinsically Conducting Polymers, Extrinsically Conducting Polymers, and Doped Conducting Polymers], Liquid Crystal Polymers, Biodegradable Polymers [Polyhydroxybutarate, Polyhydroxyvalarate, and Others]), End-users (Automotive & Transportation, Medical, Electronics, Aerospace, Marine, Building & Construction, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts,2021-2028
Global specialty polymers market was valued at USD 588.2 Billion in 2020 and is anticipated to reach USD 894.14 Billion by 2028, at a CAGR of 6.17% during the forecast period, between 2021 and 2028.
Specialty polymers are utilised to improve a polymer's desirable qualities. They have unique features that set them apart from traditional polymers. Speciality polymers fall under the category of specialty chemicals and can be used in a variety of ways. Specialty polymers are bifurcate under specialty chemicals that are adoptable for good range of its applications. Specialty polymers has various properties that includes the simple processing and designing, remarkable thermal resistance, fatigue endurance and wear resistance. Conducting polymers, liquid crystal polymers, thermoplastic polymers, biodegradable polymers and electroluminescent polymers are some of the types of polymers that are used in industries such as agriculture, automotive, marine, cosmetic, construction, and Aerospace.
Market Trends, Drivers, Restraints, and Opportunities:
- The trend of specialty polymers is they are extensively in demand for manufacturing of aerospace parts, aircrafts equipment, bio-medical products, and window glass.
- Industries such as building & construction and infrastructural development are adopting the specialty polymers to increase the strength and quality of the construction and to avoid early maintenance repair works.
- Specialty polymers are high in properties which helps construction material to survive even in harsh and other environmental conditions. This drives the market during the forecast period.
- Continuous changes in technologies and Lack in stability of raw material prices hinder the market growth.
- Lightweight vehicles manufacturing is increasing as these vehicles has demand in market and not been yet used by the consumers this is projected to create lucrative opportunities for the market players.
- Increasing specialty polymer technologies in a specialty film product of industrial applications create opportunities for the market.
Scope of the report:
The report on the global specialty polymers market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
| Attributes | Details |
| Report Title | Speciality Polymers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Types (Thermoplastic Polymers (Polytetrafluoroethylene, Polycarbonate, Others), Conducting Polymers (Intrinsically Conducting Polymers, Extrinsically Conducting Polymers, Doped Conducting Polymers), Liquid Crystal Polymers, Biodegradable Polymers (Polyhydroxybutarate, Polyhydroxyvalarate, and Others)), End-user (Automotive & Transportation, Medical, Electronics, Aerospace, Marine, Building & Construction, and Others) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | BASF SE, 3M, Arkema Group, Clariant, Solvay Group, Specialty Polymers, Inc., lyondellbasell, AmeriLux International, LLC, and The Dow Chemical Company |
Global Specialty Polymers Market Segment Insights:
The thermoplastic polymers segment to grow during the anticipated period
In terms of types, the global specialty polymers market is segmented into thermoplastic polymers, biodegradable polymers, conducting polymers, liquid crystal polymers, and electroluminescent polymers. The thermoplastic polymers segment is further segregated into polytetrafluoroethylene, polycarbonate, and others. The conducting polymers segment is sub-segregated into intrinsically conducting polymers, extrinsically conducting polymers, doped conducting polymers. The liquid crystal polymers segment is sub-divided into polyhydroxybutarate, polyhydroxyvalarate, and others. The tthermoplastics polymer’s segment constituted a significant market share in 2020 and is projected to expand in the near future. Thermoplastics polymers are high heat resistance and flame resistance in nature. Thermoplastics polymers are used in production of various manufacturing products such as switches, sockets, as this material does not easily melt or burn. Thus, thermoplastics polymers are high in demand.
The building & construction segment held substantial market share in 2020
Based on end-users, the global specialty polymers market is categorized as automotive & transportation, medical, electronics, aerospace, marine, building & construction, and others. The building & construction segment is expected to hold a significant share of the market, during the forecast period. Specialty polymers is combined with polymer to enhance its properties, this is directly proportional to the increase in strength and durability of the polymer. Rising trend in building and construction and infrastructural development leads to increase the adoption of sspecialty polymers so as to increase the durability and strength of construction.
Asia Pacific dominates the global market
In terms of regions, the global specialty polymers market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020, due to increasing industrialization activities and increasing government spending on infrastructure. The expanding electrical and automotive industries in India and China, combined with infrastructural development, is anticipated to drive the market in the region. Additionally, economic growth as well as increasing per capita income are driving the growth of the specialty polymers market in the region. Growing economic growth experienced by Asia Pacific countries, has urge the manufacturing units of key players such as The Dow Chemical Company and BASF to expand to the region, intended for capitalize lucrative growth opportunities. The market in India is expected expand at a high CAGR, due to the “Make in India” campaign which encourages the foreign manufacturers to set up manufacturing facilities in India.
Segments
Segments Covered in the Report
By Types
- Thermoplastic Polymers
-
- Polycarbonate
- Polytetrafluoroethylene
- Others
- Biodegradable Polymers
- Polyhydroxybutarate
- Polyhydroxyvalarate
- Conducting Polymers
- Intrinsically Conducting Polymers
- Extrinsically Conducting Polymers
- Doped Conducting Polymers
- Liquid Crystal Polymers
- Electroluminescent Polymers
By End-users
- Automotive & Transportation
- Medical
- Electronics
- Aerospace
- Marine
- Building & construction
- Others
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
- BASF SE
- 3M
- Arkema Group
- Clariant
- Solvay Group
- Specialty Polymers, Inc.
- lyondellbasell
- AmeriLux International, LLC
- The Dow Chemical Company
Competitive Landscape
Key players in the specialty polymers market includes BASF SE, 3M, Arkema Group, Clariant, Solvay Group, Specialty Polymers, Inc., lyondellbasell, AmeriLux International, LLC, and The Dow Chemical Company. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty Polymers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Specialty Polymers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Specialty Polymers Market - Supply Chain
4.5. Global Specialty Polymers Market Forecast
4.5.1. Specialty Polymers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specialty Polymers Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Specialty Polymers Market Absolute $ Opportunity
5. Global Specialty Polymers Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Specialty Polymers Market Size and Volume Forecast by End Users
5.3.1. Automotive & Transportation
5.3.2. Medical
5.3.3. Electronics
5.3.4. Aerospace
5.3.5. Marine
5.3.6. Building & construction
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Specialty Polymers Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Specialty Polymers Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Specialty Polymers Demand Share Forecast, 2019-2026
7. North America Specialty Polymers Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Specialty Polymers Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Specialty Polymers Market Size and Volume Forecast by End Users
7.4.1. Automotive & Transportation
7.4.2. Medical
7.4.3. Electronics
7.4.4. Aerospace
7.4.5. Marine
7.4.6. Building & construction
7.4.7. Others
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Specialty Polymers Demand Share Forecast, 2019-2026
8. Latin America Specialty Polymers Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Specialty Polymers Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Specialty Polymers Market Size and Volume Forecast by End Users
8.4.1. Automotive & Transportation
8.4.2. Medical
8.4.3. Electronics
8.4.4. Aerospace
8.4.5. Marine
8.4.6. Building & construction
8.4.7. Others
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Specialty Polymers Demand Share Forecast, 2019-2026
9. Europe Specialty Polymers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Specialty Polymers Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Specialty Polymers Market Size and Volume Forecast by End Users
9.4.1. Automotive & Transportation
9.4.2. Medical
9.4.3. Electronics
9.4.4. Aerospace
9.4.5. Marine
9.4.6. Building & construction
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Specialty Polymers Demand Share Forecast, 2019-2026
10. Asia Pacific Specialty Polymers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Specialty Polymers Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Specialty Polymers Market Size and Volume Forecast by End Users
10.4.1. Automotive & Transportation
10.4.2. Medical
10.4.3. Electronics
10.4.4. Aerospace
10.4.5. Marine
10.4.6. Building & construction
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Specialty Polymers Demand Share Forecast, 2019-2026
11. Middle East & Africa Specialty Polymers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Specialty Polymers Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Specialty Polymers Market Size and Volume Forecast by End Users
11.4.1. Automotive & Transportation
11.4.2. Medical
11.4.3. Electronics
11.4.4. Aerospace
11.4.5. Marine
11.4.6. Building & construction
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Specialty Polymers Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Specialty Polymers Market: Market Share Analysis
12.2. Specialty Polymers Distributors and Customers
12.3. Specialty Polymers Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. BASF SE
12.4.2. 3M
12.4.3. Arkema Group
12.4.4. Clariant
12.4.5. Solvay Group
12.4.6. Specialty Polymers, Inc.
12.4.7. lyondellbasell
12.4.8. AmeriLux International, LLC
Segments Covered in the Report
By Types
- Thermoplastic Polymers
-
- Polycarbonate
- Polytetrafluoroethylene
- Others
- Biodegradable Polymers
- Polyhydroxybutarate
- Polyhydroxyvalarate
- Conducting Polymers
- Intrinsically Conducting Polymers
- Extrinsically Conducting Polymers
- Doped Conducting Polymers
- Liquid Crystal Polymers
- Electroluminescent Polymers
By End-users
- Automotive & Transportation
- Medical
- Electronics
- Aerospace
- Marine
- Building & construction
- Others
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
- BASF SE
- 3M
- Arkema Group
- Clariant
- Solvay Group
- Specialty Polymers, Inc.
- lyondellbasell
- AmeriLux International, LLC
- The Dow Chemical Company
Key players in the specialty polymers market includes BASF SE, 3M, Arkema Group, Clariant, Solvay Group, Specialty Polymers, Inc., lyondellbasell, AmeriLux International, LLC, and The Dow Chemical Company. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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