It is expected that during 2015 – 2020 the global polymers industry will grow by 3.9%. The demand for polymers is determined by the increase of end use markets, such as packaging, automotive, infrastructure, transport and telecommunication, mainly from emerging economies around the globe.
The polymers begin to be used increasingly more often in various applications where they substitute other materials such as metals, glass, paper, as well as other traditional materials due its resistance and low weight.
It is expected to witness the highest increase in history in the thermoplastics sector in the next five years. Increasing applications of plastics in various fields, such as construction, automobiles and industrial production equipment is expected to drive this market expansion.
Global polymers industry divided per regions:
- North America;
- Asia Pacific (APAC);
- Rest of the World (ROW).
Global polymers industry divided per types of polymers:
Global polymers industry divided per applications:
- Thermoplastics (packages, equipments for constructions, transport, furniture, electrics and electronics, and others);
- Thermostables (plywood, furniture and bedding, construction equipment, automotive, electronics and other);
- Elastomers (tyres, automotive (non-tyres), construction equipment, industrial products and others).
It is estimated that most polymers segments at global level will have a good growth in the period 2015-2020. The increase of polyphenol applications in the automotive and packaging industry are the ones that will drive an increase in the demand in the segment of thermoplastics. APAC is expected to have a solid market potential over the next five years in the polymers industry.