The global polymer market for waste management size
is expected to reach USD 5.07 billion by 2025, according to a new report by
Grand View Research, Inc. The market is estimated to expand at a decent CAGR of
4.0% over the forecast period. Several characteristics of polymer resins,
including good welding strength, chemical resistance, and excellent
low-temperature performance, in waste management processes are expected to
drive the industry. Polyvinyl Chloride (PVC) is one of the key raw materials
used for manufacturing plastic-based flexible packaging materials.
The demand of polyvinyl chloride is highly
dependent on the construction industry, as about 60 to 70% of the global demand
is for pipe, siding, fitting, fencing, windows, and other applications.
Increasing product demand from other end-use industries may result in tight raw
material supply, hampering market growth. Polypropylene and polyethylene are
thermoplastic polymers used in a variety of applications. Growth in the
manufacturing and construction industry has been driving the polypropylene
market over the past few years; however, its overproduction has led to a
decrease in prices.
Rapidly expanding construction sector in
India and China, on account of the presence of favorable regulatory support to
improve the infrastructure at a domestic level, is expected to boost the
utilization of geomembranes. This, in turn, is likely to augment the demand for
polymers for waste management in this sector. Asia Pacific is expected to
witness a rise in construction spending over the forecast period on account of
rapid urbanization coupled with burgeoning population. Thus, growing
construction sector, particularly in China and India, as a result of increasing
disposable income and rising government spending on large infrastructural
projects will support the market development.
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https://www.grandviewresearch.com/industry-analysis/polymer-market-for-waste-management
https://www.grandviewresearch.com/industry-analysis/polymer-market-for-waste-management
Further key findings from the study suggest:
· In terms of revenue, Ethylene Propylene
Diene Monomer (EPDM) is projected to ascend at a CAGR of 5.8% over the forecast
period
· Low-density Polyethylene (LDPE) is
projected to exhibit a significant growth during the forecast years
· Asia Pacific led the global polymer market
for waste management in 2017 and is projected to continue the trend over the
next few years
· Growing awareness about the usage of
engineering polymers in the construction industry is likely to open new growth
opportunities for the regional market
· Some of the prominent companies in the
global market are ExxonMobil Corporation, E. I. du Pont de Nemours and Company,
BASF SE, LyondellBasell Industries N.V., and Formosa Plastics Corporation,
U.S.A.
· Most of these industry participants are
undertaking various initiatives, such as investments for capacity expansion, to
maintain the market position
Grand View Research has segmented the
global polymer market for waste management on the basis of product and region:
Polymer for Waste Management Product
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
EVOH
·
HDPE
·
LDPE
·
EPDM
·
PVC
·
Others
Polymer for Waste Management Regional
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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