Polymer Blends and Alloys Market Worth USD 4,251.4 Million by 2020

Nov 18, 2015, 10:00 ET from MarketsandMarkets

PUNE, India, November 18, 2015 /PRNewswire/ --

The report "Polymer Blends and Alloys Market by Type (PC, PPE/PPO-Based Blends and Alloys and Others), by Application (Automotive, Electrical & Electronics, Consumer Goods, and Others) & by Region - Global Trends and Forecasts to 2020", published by MarketsandMarkets, defines and segments the Polymer Blends and Alloys Market in terms of value is expected to reach around USD 4,251.4 Million by 2020, at a CAGR of 5.30% between 2015 and 2020.

Browse 68 market data tables and 40 figures spread through 121 pages and in-depth TOC on "Polymer Blends and Alloys Market"

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Polymer blends are physical mixtures of polymers that provide a means of combining the useful properties of the constituent components to achieve economic or property advantage. The global polymer blends and alloys market is primarily driven by increase in demand of polymer blends which are lightweight and provide thermal and corrosion resistance.

Polymer blends and alloys have applications in the automotive industry where different polymer blends are used because of their properties such as durability, corrosion resistance, toughness, and design flexibility. Polymer blends are used in automotive parts such as bumpers, doors, windows, trunk lids, hoods, grilles, and wheel covers. Polymer blends are lightweight, cost-effective, and versatile alternative to traditional materials. They have higher heat and oil resistance than other metals, which enable the engine to consume less energy to keep it running and boost engine efficiency. The versatility of the polymer blends and alloys makes them suitable for a variety of applications.

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Electrical & electronics applications are expected to drive the polymer blends and alloys market in next five years due to increase in demand of polymer blends in PCBs, mobile phones, laptops, and other electronic applications. Currently, the global polymer blends and alloys market is dominated by various market players, such as SABIC (Saudi Arabia), E. I. du Pont de Nemours and Co.(U.S.), Covestro AG (Germany), A. Schulman Inc. (U.S.), Mitsubishi Engineering Plastics Corp. (Japan), BASF SE (Germany), and so on.

The global polymer blends and alloys market is expected to witness substantial growth in the near future. There is a growing adoption of polymer blends in various sectors, such as automotive, electrical & electronics, consumer goods and other high-end applications.

The research study is aimed at identifying emerging trends and opportunities in the global polymer blends and alloys market along with detailed classifications, in terms of value and volume. It provides comprehensive competitive landscape and identifies the key players with respect to market size and market share. The research study also includes a detailed segmentation of the global polymer blends and alloys market, on the basis of application, resin type, and region.

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Apart from the market segmentation, this report also makes use of the Porter's Five Forces Analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global polymer blends and alloys market.

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