The report presents a comprehensive research of the global plastomers market by application, including food packaging films, polymer modification, automotive, non-food packaging films, and wires and cables. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
Market driver: high acceptance for flame-retardant fillers
Plastomers are known to have high acceptance for flame-retardant fillers such as magnesium and aluminum hydroxides. Materials are added with flame retardants to prevent and delay the further spreading of fire. The high usage of carbon-based products that are inherently combustible in nature has triggered the need for efficient flame-retardant materials. Polymers such as polyamide inherently had flame retardant properties, however, other materials require flame retardant fillers.
According to a senior analyst at Technavio for plastics, polymers, and elastomers research, “Halogen-free flame retardant compounds reduce the weight and the costs per volume. For example, aluminum hydroxide costs less, is easily available, and extensively used in many sectors. This has made the use of aluminum hydroxide to be essential in the electrical and electronics, construction, and transportation sectors.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Market trend: penetration of plastomers into newer sectors
Players in the global plastomers market are focusing on expanding existing application markets for plastomers. Plastomers offer unique benefits such as scalability, flexibility, sturdiness, and electrical resistance which can be incorporated into other untouched markets such as the construction market. Some of the trending applications where plastomers are being used are roof linings, side panels, roofing solutions, and construction of emergency shelters. One of the players in the market demonstrated a refugee shelter whose panels and roofs were made using foamed plastomers.
Market challenge: high threat of substitutes
The high adoption of plastomers such as elastomers and other high-performance polymers like styrene-butadiene copolymer (SBC) and PVC will pose as a major challenge for the global plastomers market. Just like plastomers, these materials are also suitable for extrusion, injection molding, and thermoforming. In terms of ease of processing, PVC is highly cost-effective and highly versatile. However, due to stringent material requirements, it is not preferred in the healthcare sector. SBC is used as substitutes for PVC and plastomers in the healthcare sector.
Is your business on track for a successful future? Learn how Technavio can help
Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.
Technavio’s best deals of the month!
Celebrate Earth Day and clean energy with Technavio. Get 30% discount on all Energy reports. Offer valid from 12th March - 18th March.
Get 20% off on all Media and Entertainment Services reports. Offer valid only till the 31st of March.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.