What is the global market size of the Polymer Market?

Global Polymer Market size was valued at USD 629.4 billion in 2021 and is poised to grow from USD 659.81 billion in 2022 to USD 1046.15 billion by 2030, growing at a CAGR of 4.69% in the forecast period (2023-2030).

Who are the key vendors in the Global Polymer Market?

Players in the Polymers Market study use technology launches, acquisitions, and R&D efforts as important strategies. The Dow Chemical Company, LyondellBasell Industries N.V., Exxon Mobil Corporation, SABIC, BASF SE, INEOS AG, Eni S.p.A., Chevron Phillips Chemical Company LLC, and LANXESS are among the major companies in the Polymers Market. 'ExxonMobil Chemical', 'BASF SE', 'Dow Chemical', 'LyondellBasell Industries', 'SABIC', 'Sinopec', 'Mitsubishi Chemical Holdings Corporation', 'Formosa Plastics Corporation', 'LG Chem', 'Sumitomo Chemical', 'Chevron Phillips Chemical Company', 'Braskem', 'Covestro AG', 'Huntsman Corporation', 'Eastman Chemical Company', 'DuPont de Nemours, Inc.', 'Evonik Industries AG', 'INEOS Group Holdings SA', 'Arkema SA', 'Solvay SA'

Polymer Market Size, Share, Growth Analysis, By Type (Polypropylene, Polyethylene), By Process, By End Use, By Region - Industry Forecast 2025-2032

Report ID: SQMIG15E2440 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 123 | Figures: 77

Polymer Market Dynamics

Polymer Market Driver

Technological Advancement to Boost Demand for Polymer in the coming Years

Polymer products were formerly discarded after use, resulting in increased trash accumulation in landfills and negative environmental consequences. Manufacturers of polymers have begun to employ improved technology in mechanical and chemical recycling procedures as time has passed. The primary benefit of polymer recycling is that it lowers manufacturing costs by decreasing the use of new or fresh raw materials. As a result, the polymer market is seeing optimal resource usage through polymer material recycling to reduce waste and create a more sustainable environment.

Polymer Market Restraint

Stringent Regulations to Hinder Market Growth

The introduction of tight laws by regulatory agencies against the use of plastic is a major limiting factor in the Polymer Market. The government is attempting to safeguard the environment from plastic pollution, which is restraining polymer production growth. The most significant prospects for the Polymer Market are a considerable change in the market towards smart polymers and the replacement of traditional materials in the automotive sector.

Polymer Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Polymer Market size was valued at USD 629.4 billion in 2022 and is poised to grow from USD 659.81 billion in 2023 to USD 1046.15 billion by 2031, growing at a CAGR of 4.69% in the forecast period (2024-2031).

Players in the Polymers Market study use technology launches, acquisitions, and R&D efforts as important strategies. The Dow Chemical Company, LyondellBasell Industries N.V., Exxon Mobil Corporation, SABIC, BASF SE, INEOS AG, Eni S.p.A., Chevron Phillips Chemical Company LLC, and LANXESS are among the major companies in the Polymers Market. 'BASF SE ', 'Dow Inc. ', 'ExxonMobil Corporation ', 'SABIC ', 'DuPont ', 'Covestro AG ', 'Eastman Chemical Company ', 'LyondellBasell Industries ', 'Arkema ', 'Huntsman Corporation ', 'Evonik Industries AG ', 'Mitsubishi Chemical Corporation ', 'LG Chem ', 'Solvay ', 'Mitsui Chemicals Inc. ', 'Formosa Plastics Corporation ', 'Shin-Etsu Chemical Co., Ltd. ', 'Reliance Industries Limited ', 'Celanese Corporation ', 'Toray Industries, Inc. '

Polymer products were formerly discarded after use, resulting in increased trash accumulation in landfills and negative environmental consequences. Manufacturers of polymers have begun to employ improved technology in mechanical and chemical recycling procedures as time has passed. The primary benefit of polymer recycling is that it lowers manufacturing costs by decreasing the use of new or fresh raw materials. As a result, the polymer market is seeing optimal resource usage through polymer material recycling to reduce waste and create a more sustainable environment.

One key trend that is disrupting the market is the use of sustainable polymers is, established players in the market have already started recycling of products with the help of modern technology which involves chemical and mechanical ways of recycling. One key benefit of this is cost optimization as the company can minimize the use of raw materials. Thus, proper use of resources with the help of recycling which also enables to reduce waste and is more environment friendly is a key trend observed in the polymer market.

In terms of the regional dynamics, Asia pacific was dominant amongst all other regions. The region had a total share of 44% in 2021. The growth of the region has been attributed to India and China as both countries saw an increase in the production of automobiles wherein now polymer is used on a large scale. Europe too will see growth in the future mainly coming from the automotive industry.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Polymer Market Size, Share, Growth Analysis, By Type (Polypropylene, Polyethylene), By Process, By End Use, By Region - Industry Forecast 2025-2032

Polymer Market Dynamics

Polymer Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Polymer Market?

Who are the key vendors in the Polymer Market?

What is the key driver of Polymer Market?

What is the key market trend for Polymer Market?

Which region accounted for the largest share in Polymer Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300