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TechSci Research calculated the market size of global polymers market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
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2015 – 2025 GLOBAL POLYMERS MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Polymers Global polymers market is estimated to reach around $ 546 billion in 2020 and is projected to grow at a steady pace during the forecast period to reach $ 693 billion by 2025. Polymers are the chains of monomer units and the physical properties of final materials are determined by the structural and chemical composition of the chain. Increasing demand for polymers from various end-user industries like healthcare, construction, packaging, automobiles, among others for the manufacturing of adhesives elastomers, and surface coatings is the key factor contributing to the growth of global polymers market. Market Segmentation GLOBAL POLYMERS MARKET TYPE Thermoplastics APPLICATION Packaging Year Range • • Building & Construction Thermosets • • Automotive Others • Review Period • Electrical & Electronic • 2015 – 2018 Household • PRODUCT Polyethylene Leisure & Sports • Base Year • Agriculture • 2019 Polyvinyl Chloride • Others • Polypropylene • Estimated Year Polystyrene • REGION North America 2020 Polyethylene • • terephthalate (pet) Europe • Forecast Period Polyurethane • Middle East & Africa • Others 2021 – 2025 • Asia Pacific • South America • 2
Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Factors to be considered for product selection 4.2. Challenges/issues Faced Post Purchase 4.3. Factors Influencing Purchase Decisions 4.4. Unmet Needs 5. Global Polymers Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value & Volume 5.2. Market Share & Forecast 5.2.1. By Type (Thermoplastics, Thermosets, Others) By Product (Polyethylene, Polyvinyl Chloride, Polypropylene, Polyurethane, Polyethylene terephthalate (pet), Polystyrene, Others) 5.2.2. By Application (Packaging, Building & Construction, Electrical & Electronic, Leisure & Sports, Household, Automotive, Agriculture, Others) 5.2.3. 5.2.4. By Company (2019) By Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa) 5.2.5. 5.3. Market Attractiveness Index 3
Table of Contents S. No. Contents Page No. 6. Asia-Pacific Polymers Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Type 6.2.2. By Product 6.2.3. By Application 6.2.4. By Country 6.3. Asia-Pacific: Country Analysis 6.3.1. China Polymers Market Outlook 6.3.1.1. Market Size & Forecast By Value & Volume 6.3.1.1.1. 6.3.1.2. Market Share & Forecast 6.3.1.2.1. By Type 6.3.1.2.2. By Product 6.3.1.2.3. By Application 6.3.2. India Polymers Market Outlook 6.3.2.1. Market Size & Forecast By Value & Volume 6.3.2.1.1. 6.3.2.2. Market Share & Forecast 6.3.2.2.1. By Type 6.3.2.2.2. By Product 6.3.2.2.3. By Application 4
Table of Contents S. No. Contents Page No. 6.3.3. Japan Polymers Market Outlook 6.3.3.1. Market Size & Forecast By Value & Volume 6.3.3.1.1. 6.3.3.2. Market Share & Forecast 6.3.3.2.1. By Type 6.3.3.2.2. By Product 6.3.3.2.3. By Application 6.3.4. South Korea Polymers Market Outlook 6.3.4.1. Market Size & Forecast By Value & Volume 6.3.4.1.1. 6.3.4.2. Market Share & Forecast 6.3.4.2.1. By Type 6.3.4.2.2. By Product 6.3.4.2.3. By Application 6.3.5. Australia Polymers Market Outlook 6.3.5.1. Market Size & Forecast By Value & Volume 6.3.5.1.1. 6.3.5.2. Market Share & Forecast 6.3.5.2.1. By Type 6.3.5.2.2. By Product 6.3.5.2.3. By Application 5
Table of Contents S. No. Contents Page No. 7. Europe Polymers Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Type 7.2.2. By Product 7.2.3. By Application 7.2.4. By Country 7.3. Europe: Country Analysis 7.3.1. France Polymers Market Outlook 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value & Volume 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By Type 7.3.1.2.2. By Product 7.3.1.2.3. By Application 7.3.2. Germany Polymers Market Outlook 7.3.2.1. Market Size & Forecast 7.3.2.1.1. By Value & Volume 7.3.2.2. Market Share & Forecast 7.3.2.2.1. By Type 7.3.2.2.2. By Product 7.3.2.2.3. By Application 6
Table of Contents S. No. Contents Page No. 7.3.3. United Kingdom Polymers Market Outlook 7.3.3.1. Market Size & Forecast 7.3.3.1.1. By Value & Volume 7.3.3.2. Market Share & Forecast 7.3.3.2.1. By Type 7.3.3.2.2. By Product 7.3.3.2.3. By Application 7.3.4. Italy Polymers Market Outlook 7.3.4.1. Market Size & Forecast 7.3.4.1.1. By Value & Volume 7.3.4.2. Market Share & Forecast 7.3.4.2.1. By Type 7.3.4.2.2. By Product 7.3.4.2.3. By Application 7.3.5. Spain Polymers Market Outlook 7.3.5.1. Market Size & Forecast 7.3.5.1.1. By Value & Volume 7.3.5.2. Market Share & Forecast 7.3.5.2.1. By Type 7.3.5.2.2. By Product 7.3.5.2.3. By Application 7
Table of Contents S. No. 8. Contents Page No. North America Polymers Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Product 8.2.3. By Application 8.2.4. By Country 8.3. North America: Country Analysis 8.3.1. United States Polymers Market Outlook 8.3.1.1. Market Size & Forecast 8.3.1.1.1. 8.3.1.2. Market Share & Forecast 8.3.1.2.1. By Value & Volume By Type 8.3.1.2.2. By Product 8.3.1.2.3. By Application 8.3.2. Mexico Polymers Market Outlook 8.3.2.1. Market Size & Forecast 8.3.2.1.1. 8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Value & Volume By Type 8.3.2.2.2. By Product 8.3.2.2.3. By Application 8.3.3. Canada Polymers Market Outlook 8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value & Volume 8
Table of Contents S. No. Contents Page No. 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Type 8.3.3.2.2. By Product 8.3.3.2.3. By Application 9. South America Polymers Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Product 9.2.3. By Application 9.2.4. By Country 9.3. South America: Country Analysis 9.3.1. Brazil Polymers Market Outlook 9.3.1.1. Market Size & Forecast 9.3.1.1.1 By Value & Volume 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Type 9.3.1.2.2. By Product 9.3.1.2.3. By Application 9.3.2. Argentina Polymers Market Outlook 9.3.2.1. Market Size & Forecast 9.3.2.1.1 By Value & Volume 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Type 9
Table of Contents S. No. Contents Page No. 9.3.2.2.2. By Product 9.3.2.2.3. By Application 9.3.3. Colombia Polymers Market Outlook 9.3.3.1. Market Size & Forecast 9.3.3.1.1 By Value & Volume 9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Type 9.3.3.2.2. By Product 9.3.2.2.3. By Application 10. Middle East & Africa Polymers Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By Type 10.2.2. By Product 10.2.3. By Application 10.2.4. By Country 10.3. Middle East & Africa : Country Analysis 10.3.1. South Africa Polymers Market Outlook 10.3.1.1. Market Size & Forecast 10.3.1.1.1. By Value & Volume 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Type 10.3.1.2.2. By Product 10.3.1.2.3. By Application 10
Table of Contents S. No. Contents Page No. 10.3.2. Saudi Arabia Polymers Market Outlook 10.3.2.1. Market Size & Forecast 10.3.2.1.1. 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Value & Volume By Type 10.3.2.2.2. By Product 10.3.2.2.3. By Application UAE Polymers Market Outlook 10.3.3. 10.3.3.1. Market Size & Forecast 10.3.3.1.1. By Value & Volume 10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Type 10.3.3.2.2. By Product 10.3.3.2.3. By Application 11. Market Dynamics 11.1. Drivers 11.2. Challenges 12. Market Trends & Developments 13. Competitive Landscape 13.1. Competition Outlook 13.2. Company Profiles (Top 10 Global Players) 14. Impact of COVID-19 on Global Polymers Market 15. Strategic Recommendations 16. About Us & Disclaimer 11
RESEARCH METHODOLOGY
Research Methodology Market Profiling Data Analysis Data Collection Data Developing List of Respondents Formulating Questionnaire Validation In-depth secondary research was conducted to determine top players in the global polymers market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global polymers market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments ✓ ✓ Market Participants ✓ Identifying Key Opinion Leaders Actionable Insights Data Filter & Analysis Business Solution Market Changing Aspects/Dynamics Research & Intelligence Data Collection Key Strengths ✓ ✓ Questionnaire Design ✓ ✓ Government Policies In-depth Interviews Conclusion Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 13
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global polymers market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing demand for polymers from various end user industries such as packaging, building & construction, automotive, electronics, telecommunication, among others. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global polymers market. Methodology Followed for Calculation of Market Size: Market Size By Value & Volume: Market size, in terms of value, for the year 2019 was calculated based on information collected through • exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as polymer manufacturers/suppliers, channel partners, market influencers & end users, industry experts, and other industry participants. The team interviewed more than 15 – 20 polymers manufacturers/ suppliers, 100 – 120 end users, and 15 – 20 industry experts and other value • chain stakeholders in the global polymers market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019. 14
Research Methodology Respondents were asked about the current and future market growth rates, market shares by type, by product, by application, by each region, and • by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by type, by product, by application, by region and by company were calculated based on the responses received through primary • surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of polymers. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global polymers • market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 15
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources ▪ DuPont de Nemours, Inc. ▪ World Bank ▪ SABIC ▪ TechSci Research Proprietary Database & Knowledge ▪ Lyondell Basell Industries N.V. Repository ▪ Exxon Mobil Corporation ▪ Company Annual Reports ▪ BASF SE ▪ Industry Magazines ▪ INEOS AG ▪ Eni S.p.A. ▪ Industry Reports ▪ Chevron Phillips Chemical Company LLC ▪ News Dailies ▪ LANXESS Corporation ▪ Credible Paid Databases ▪ Covestro AG 16
INDUSTRY BRIEF According to TechSci Research report, “Global Polymers Market By Type, By Product, By Application, By Region, Competition, Forecast & Opportunities, 2025”, the global polymers market is estimated to reach $ 546 billion in 2020. Nevertheless, the market is expected to witness a challenging scenario until the end of 2021 due to the impact of COVID-19. These polymers compounds are widely used in electronics and electrical sector and in light weight automotive parts. These polymer compounds reduce automobile weight by substantial amount, resulting in better fuel efficiency. These attributes are expected to boost the growth of global polymers market over the coming years. However, with declaring the COVID-19 outbreak a pandemic, an unparalleled global economic disruption is being witnessed. Packaging is integral to pharmaceuticals, FMCG, food and all the other segments that fall under the purview of essential services. The entire packaging industry which creates huge demand for polymers is expected to witness a slump due to restricted transportation and temporary closure of suppliers and customer operations. Construction sector, which is second largest end user of polymer market after packaging industry, is already under pressure and may come to standstill due to prolonged disruptions on account of COVID-19, which may have a huge impact on the global polymer market, Automobile and component manufacturing plants are being shuttered around the world, consumer footfalls in showrooms have fallen sharply, vehicle sales are dropping dramatically and almost every major industry event is either being cancelled or going the digital way. This will result in a sharp decline in the global automobile industry, and thus, demand from this industry for polymer will also decrease significantly, at least, in the near term. Also, stringent regulations by the regulatory bodies of various governments can act as a major impediment to the growth of global polymers market in the years to come. For instance, in December 2018, the European Union banned the usage of single use plastics. The polymers market is segmented into three types include Thermoplastics, Thermosets and Elastomers. Thermoplastics are made up of weaker forces of attraction as compared to the thermosets. Thermoplastics accounts for more than 70% share in the global polymer demand, owing to their ability to be easily molded into various shapes by applying heat and pressure. Thermoplastics include Polyethylene, which accounts for the largest segmental share, followed by Polypropylene, Polyvinyl Chloride (PVC), Polyurethane, Polyethylene Terephthalate (PET), and Polystyrene. DuPont de Nemours, Inc., SABIC, LyondellBasell Industries N.V., Exxon Mobil Corporation, BASF SE, INEOS AG, Eni S.p.A., Chevron Phillips Chemical Company LLC, LANXESS Corporation, Covestro AG among others are the leading players operating in global polymers market. “Asia-Pacific dominated the global polymer market until 2019 and is forecast to maintain its dominance over the next five years as well on account of continuing economic growth of major regional economies such as China and India. Surging growth of the electronics market in India coupled with huge and fast developing infrastructure in China are some of the major factors that boosting polymer consumption, and this trend is expected to continue through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 17
SAMPLE DATA - SNAPSHOT Global Polymers Market Size, By Value (USD Million) & Volume (Thousand Tonnes), 2015–2025F 15.00 110.00 14.00 100.00 13.00 90.00 12.00 80.00 11.00 70.00 10.00 60.00 9.00 50.00 8.00 40.00 7.00 30.00 6.00 20.00 5.00 10.00 CAGR By Value & Volume XX% CAGR By Value & Volume YY% 2015 2019 2020E 2025F By Value (USD Million) By Volume (Million Tonnes) Europe Polymers Market Share, By Product, By Value & Volume, 2015–2025F Polyethylene Polyvinyl Chloride Polystyrene Polyethylene terephthalate (pet) Polypropylene Polyurethane 10% 10% 10% 10% 10% 10% 40% 2025F 10% 10% 10% 10% 10% 10% 40% 2024F 10% 10% 10% 10% 10% 10% 40% 2023F 10% 10% 10% 10% 10% 10% 40% 2022F 10% 10% 10% 10% 10% 10% 40% 2021F 10% 10% 10% 10% 10% 10% 40% 2020E 10% 10% 10% 10% 10% 10% 40% 2019 10% 10% 10% 10% 10% 10% 40% 2018 10% 10% 10% 10% 10% 10% 40% 2017 10% 10% 10% 10% 10% 10% 40% 2016 10% 10% 10% 10% 10% 10% 40% 2015 Germany Polymers Market Share, By Application, By Value & Volume, 2015–2025F Packaging Household Building & Construction Leisure & Sports Automotive Agriculture Electrical & Electronic Others 12% 12% 12% 12% 12% 12% 12% 16% 2025F 12% 12% 12% 12% 12% 12% 12% 16% 2024F 12% 12% 12% 12% 12% 12% 12% 16% 2023F 12% 12% 12% 12% 12% 12% 12% 16% 2022F 12% 12% 12% 12% 12% 12% 12% 16% 2021F 12% 12% 12% 12% 12% 12% 12% 16% 2020E 12% 12% 12% 12% 12% 12% 12% 16% 2019 12% 12% 12% 12% 12% 12% 12% 16% 2018 12% 12% 12% 12% 12% 12% 12% 16% 2017 12% 12% 12% 12% 12% 12% 12% 16% 2016 12% 12% 12% 12% 12% 12% 12% 16% 2015 18
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