The report forecasts the global plastomers market to grow at a CAGR of 7.5% during the period 2016-2020.
One of the key trends for market growth will be new and emerging applications of plastomers. Apart from packaging, automotive, and other major applications of plastomers, they are also being used as a replacement of flexible PVC in medical devices. Environmentalists and medical fraternities are increasingly focusing on reducing concerns pertaining to the high toxicity of phthalate plasticizer and the methods implemented to dispose of PVCs after use.
Plastomers offer great potential to replace conventional polymers, and, to an extent, engineering plastics is disposable medical products. Other factors such as the rising demand and improving standards of hygiene and sanitation fuel the development of innovative products used in medical applications. Polyolefin plastomers are also being developed for leather-like interiors of automotive.
According to the report, increase in demand for plastomers in automotive industry will be key driver for market growth. With an increase in the consumption of plastomers in automotive, their demand is increasing in the automotive industry. The demand for automotive is increasing due to a rise in the per capita income of people in developing countries, which increases the demand for plastomers. Plastomers are used in the manufacturing of automotive bumpers fascias, dashboards, interior trim, and many other parts. Plastomers are replacing conventional plastic materials used in above-mentioned parts because they provide better durability, greater strength, and flexibility to the automotive parts.
- Dow Chemical
- Sumitomo Chemical
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by geography
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/c5dc6t/global_plastomers
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-plastomers-market---analysis-technologies--forecast-to-2020---increase-in-demand-for-plastomers-in-automotive-industry---research-and-markets-300347713.html
SOURCE Research and Markets