19-June-2019: 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.
In
depth research report on 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
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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