Industries > Chemicals > Polymer Market for Waste Management Industry Report 2019-2029
Polymer Market for Waste Management Industry Report 2019-2029
A Global Report on Polymer Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The global polymer market for waste management was valued at $3.9 billion in 2018. Polymer is extensively being found in clothing and toys, common household goods, insulation and construction materials. The various advantages offered by polymer include brittleness since some kinds of polymers are hard and brittle and are easy to mould using heat.
The demand for polymer is driven by the increasing adoption of polymer by the construction industry. Polymers in the construction industry are utilized for many purposes such as windows, pipes, membranes, flooring, insulations and seals making. Moreover, increasing advantages of construction polymers over traditional conventional materials are thus attributes towards structural, technical, designing and architectural advantages. The most commonly employed polymer in construction industry is PVC (polyvinyl chloride), which is extensively utilised for building and construction activities.
It is thereby replacing the conventional materials that includes metal, wood, concrete and clay and is pervasively used in waste water pipes, flooring and roofing foils, window frames, cables and wall coverings. These products are witness rampant demand due to various advantages such as cost effectiveness and light weighted. PVC is considered to be one such alternative that offers various advantages to the construction industry such as fire resistance, cost effectiveness, safety to the materials, easy installation, durability, strong, effective insulator and versatility. These uses of PVC polymer are thereby driving the growth of the global polymer market for waste management at rapid pace.
Furthermore, in the present scenario it has been observed that mining industry is revamping and evolving into an exceedingly economic arena that is another factor that is driving the growth of global polymer market for waste management. The image of traditional miners is somewhat dissolved in the present situation due to availability of dry polymer preparation and make down systems that are used in mining operations for reuse, optimized waste water recovery and recycling.
Moreover, it has been observed that due to the extensive amount of waste aggravated due to mining activity it has now become easier for the miners to eradicate this problem in the most environmentally safe manner due to adoption of advanced technique offered by dry polymer preparation systems and make down. Additionally, these system offers coagulation and flocculation of waste materials along with performance reliability that enables miners to efficiently attain their goals. These advantages offered by polymer to the miners are thereby extensively driving the growth of global polymer market for waste management extensively.
Polymer market for waste management industry forecast 2019 – 2022 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the polymer manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Waste management industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
Among various available polymers, PVDF has witnessed recent advancements in the flexible pipe domain along with seals in PEEK and PTFE have advanced due to increasing technical demands observed from newer reserves. Apart from these areas, umbilicals, downhole cables and linings for pipes, vessels, pumps and tanks are thereby considered to be an attractive option for the growth of global polymer market for waste management. However, volatility observed in the prices of raw material is the major restraint that is hampering the growth of global polymer market for waste management across the globe.
The reports provide the analysis based on product and application segment. Based on product, the global polymer market for waste management is segmented into low-density polyethylene (LDPE), ethylene vinyl alcohol (EVOH), high-density polyethylene (HDPE), polyvinyl chloride (PVC), ethylene propylene diene monomer (EPDM), and others. Among all these segments, ethylene propylene diene monomer (EPDM) is expected to generate largest revenue by 2024 since EPDM sheets offers remarkable performance in terms of UV resistance, oxidation and water resistance. Due to its properties this product is considered suitable in marine arena and is considered to be one of the most cost-effective polymer that offers superior processing ability.
On the basis of application, the global polymer market for waste management is segmented into electronics, healthcare, packaging, building and construction, transportation, petrochemicals, and food. Among all these segments, packaging industry is witnessing fastest growth during the forecast period due to advancements of food packaging industry there has been extensive demand observed for petroleum based packaging materials. Introduction of biopolymers are thereby considered as an ecological alternative for plastics which is degrading the environment. Moreover, it has been observed that the polymeric coatings used for packaging food materials in both semi rigid and rigid containers.
The largest consumption of polymer market for waste management is observed from North America. The region is adopting polymer as it is considered as a significant contributor as a fuel for generation of power through the incineration of waste. Moreover, countries such as Canada and the U.S. are employing PVC waste management system due to extensive mining activities and extensive demand for polymer in the process of mechanical recycling.
Furthermore, the regulatory bodies in the region are developing online database of polymers and applications in order to support recycling process of PVC in order to maintain compliance of regulatory regime of the authorities in order to ensure effective recycling activities. These factors are thereby attributing the increasing demand for polymer market for waste management in this region.
The report also offers the insights for the Asia-Pacific, European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
In the global analysis report for polymers, a deep insight for the strategic initiative taken by industry players for market share growth, revenue analysis, production capacity, market share analysis, and product and competitive benchmarking of the top polymer manufacturers is offered in the report. The global polymer market for waste management is fragmented in nature and the key providers are continuously improving their offerings through research and development and innovation.
Some of the players having prominent presence in the global market include SABIC, BECO Bermüller & Co. GmbH, LyondellBasell Industries N.V., E. I. du Pont de Nemours and Company, China National Petroleum Corporation, BASF SE, Formosa Plastics Corporation, Sumitomo Chemicals Co., Ltd., Kuraray Company Ltd., Exxon Mobil Corporation, Occidental Petroleum Corporation, Arkema Group, Eni S.p.A., The Dow Chemical Company, INEOS AG, Chevron Phillips Chemical Company LLC, Mitsui Chemicals, and Lanxess AG.
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