Building and Construction Industry Driving Global Polymers Market

Based on the aforementioned factors and numerous applications in various fields, IndustryARC research report analyst foresees innovation from leading companies to create vast new opportunities. The report is titled “Polymers Market : By Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene, Polyurethane, Polyethylene terephthalate, Acrylonitrile butadiene Styrene and others); By Process (Film, Profile, Sheet, Injection Molding and Others); By End User Industry (Packaging, Building and Construction, Automotive, Consumer Goods, Electrical and Electronics, Agriculture and others) Geographic Analysis - Forecast (2018-2023).”

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Polymers have been ubiquitous since the very beginning, as they are found almost in all materials used in our daily life. The importance of polymers has been highlighted because of their applications in different domains of sciences, technologies, and industrial purposes. Polymeric materials are usually derived from petroleum or oil, but significant research is underway to develop novel methods of producing these materials using renewable energy sources. According to a recent IndustryARC research report, the global polymers market will surpass a value of $999 billion by 2028, exhibiting a CAGR of 4.1% during the forecast period of 2018-2028.

Material engineers bank on polymers for their rigid strength, resistance to corrosion, and flexibility. Polymers are the chains of monomer units. The structural and chemical composition of the chain determines the physical properties of materials. The polyvinyl chloride (PVC) is a strong, corrosion-resistant polymer used in plumbing applications. Another polymer named polyethylene is a flexible polymer found in plastic bags. Biopolymers are the chemical compounds that are compostable. These reduce dependency on non-renewable fossil fuels. Biopolymers are easily degradable and can decrease air pollution. It greatly reduces the harmful effects of plastic use on the environment, and therefore greater demand in the polymers market.

Global Polymers Market: Disruptive Trends and Key Drivers

• Polyphenylenevinylene (PPV) are polymers with technological properties. They conduct electric current and interact with light, which reflects a use in solar cells. It is a long hydrocarbon to which certain side groups are attached. By choosing different side groups, it is possible to set the electronic properties of the material. As the solar power market expands on the back of governmental emphasis on renewable energy, the demand for PPV is expected to surge in the near future.
• Polymer plastic is highly useful for packaging food. By preserving food in polymer packaging, food producers are able to reduce waste as well as extend the shelf life of their products. For instance, DuPont polymer packaging resins aid packages to stay intact and secure as they are transported from manufacturing units to the dining table of intended customers.
• According to the Royal Society of Chemistry, bimolecular dynamic covalent polymers (DCP) for DNA complexation and siRNA delivery- DCP are dynamics and adaptive species that can expand and shorter their main chain in a reversible fashion. This is an advancement over previous findings that cationic DCPs can complex DNA through multivalent interactions. These are able to complex both long DNA and siRNA. Bimolecular DCPs are able to deliver functional siRNA in living cells. This modular approach is a stepping stone in smart gene delivery using dynamic and adaptive biodynamers.
• Building and construction industry holds priority for the adoption of polymers, replacing conventional materials. Over the years, polymers have gained eminence in structural engineering applications. Polymeric material has been proven effective in a variety of fields including masonry, steel, strengthening concrete, cast iron, and timber structures. Growing development and expansion of more modern housing stock is propelling the demand for in the polymers market from the residential construction segment.

The food and beverage industry has been utilizing polymers since ages but the advent of eco-friendly alternatives has further added to the prosperity of the polymers market. Additionally, polymers are used in various other industries such as building and construction, automotive, and electronics due to its corrosion resistant and durability attributes.