11^th Feb 2020 - The global Plastomers Market is subject to witness a substantial growth due to the rise in demand for plastomers products from developing economies across the globe. Increasing adoption of plastomers by food & beverages manufactures is expected to drive the growth of the market over the upcoming years. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the plastomers market.

Rising popularity of plastomers in comparison with traditional polymers in numerous industrial application is expected to plays a significant role in driving the market growth over the forecast period. Packaging, automotive and polymer modification are some of the typical application of plastomers. Other application of plastomers include food & beverages pacing solutions, non-food and stretch & shrink film.

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Increasing demand for high quality packaging solutions enhance the shelf life of food and beverages is anticipated to drive market progress in the near future. Use of plastomers helps to maintain freshness of food product thus driving industry growth at steady rate globally.

A plastomer is commonly referred as a polymer material that merges properties of elastomers and plastics thus offering rubber-like properties alongside the processing ability of plastic. In addition, increasing awareness among manufactures in regards to advantages of plastomers is expected to fuel the market growth in the following years. Plastomers offer advantages such as higher scalability, flexibility, sturdiness and electrical resistance. Some of the typical use of plastomers include roof linings.

The market is broadly categorized into three major segments based on the application type such as packaging, automotive, and polymer modification. Packaging is considered as one of the faster growing segment in the plastomers market with substantial revenue generation in the last few years. Growing popularity of plastomers in the packaging segment is attributed to the higher market penetration and easy availability.

The key players covered in this study

• Mitsui Chemicals

• Dow

• SK

• LG Chem

• ExxonMobil

• Sumitomo

• Alpha

• Borealis

• SABIC

• Plastomer

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Plastomer Breakdown Data by Type

• Wires & cables

• Film

• Packaging

Plastomer Breakdown Data by Application

• Wires & cables

• Polymer modification

• Automotive

• Film-non-food packaging

• Medical

• Film-food packaging

• Film-stretch and shrink film

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