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According to a new market report published by Lucintel Nate Thompson Jersey Youth , the future in the global functional polymer market looks promising with opportunities in the packaging, electrical and electronics, automotive, construction, consumer goods, medical, industrial, and others industries. The global functional polymer market is expected to reach an estimated $7.1 billion by 2023 with a CAGR of 5.6% from 2018 to 2023. The major drivers for this market are increasing demand for packaging and growth in the electrical & electronics and consumer goods industries.
In this market, polyethylene Jordan Weal Jersey Youth , polyester, butadiene, and acrylic are the major polymers resins utilized for manufacturing functional polymer for different end use industries. On the basis of comprehensive research, Lucintel forecasts that the polyethylene segment will remain the largest polymer type by value and volume over the forecast due to growth in packaging, pipe & tank, and wire & cable market.
Within the global functional polymer market, packaging is expected to remain the largest end use industry and witness the highest growth in the forecast period due to its ability to provide product appearance, scratch resistance, and adhesion properties.
Asia Pacific is expected to remain the largest region by value and volume; it is also expected to witness the highest growth over the forecast period due to increasing automotive production and growth in construction Paul Byron Jersey Youth , electrical & electronics and consumer goods industry.
An emerging trend, which has a direct impact on the dynamics of the industry, include increasing demand of functional polymers in stretchable and printable electronics applications. Evonik, DowDuPont, BASF, Toyobo, Showa Denko, Tosoh, Adeka Joel Armia Jersey Youth , Solvey and Nikki Forn are among the major suppliers of the global functional polymer market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities of global functional polymer market by end use, polymer type, functional group, process type and region. Lucintel has prepared a comprehensive research report entitled 鈥淕rowth Opportunities in the Global functional polymer Market 2018-2023: Trends, Forecast, and Opportunity Analysis.鈥?The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers Mike Reilly Jersey Youth , and directions. The study includes a forecast for the global functional polymer market by end use industry, polymer type, functional group, process type, and region as follows:
By End Use Industry (Volume (Million Pounds) and $M shipment analysis for 2012 鈥?2023):
鈥?Automotive
鈥?Packaging
鈥?Electrical and Electronics
鈥?Construction
鈥?Consumer Goods
鈥?Medical
鈥?Industrial
鈥?Others
By Polymer Type (Volume (Million Pounds) and $M shipment analysis for 2012 鈥?2023):
鈥?PP
鈥?PE
鈥?Polyolefin
鈥?Epoxy
鈥?PU
鈥?Polyamide
鈥?Polyester
鈥?EVA
鈥?Acrylic
鈥?Butadiene
鈥?Others
By Functional Group ($M shipment analysis for 2012 鈥?2023):
鈥?Anhydride based Functional Polymer
鈥?Silicone based Functional Polymer
鈥?Hydroxyl based Functional Polymer
鈥?Urethane based Functional Polymer
鈥?Methoxy based Functional Polymer
鈥?Ethyl Acetate based Functional Polymer
鈥?Ester based Functional Polymer
鈥?Others
By Process Type (Volume (Million Pounds) and $M shipment analysis for 2012 鈥?2023):
鈥?Direct Functionalization
鈥?Post Functionalization
By Region (Volume (Million Pounds) and $M shipment analysis for 2012 鈥?2023):
鈥?North America
鈥?Europe
鈥?Asia Pacific
鈥?The Rest of the World

This 177 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@ . Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
About Lucintel
Lucintel Karl Alzner Jersey Youth , the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit .
This report answers following 11 key questions:


Q.1 What are some of the most promising potential, high-growth opportunities for composites in the global functional polymer market by end use industry (automotive Jeff Petry Jersey Youth , packaging, electrical and electronics, construction, consumer goods, medical, industrial, and others), polymer type (PP, PE Phillip Danault Jersey Youth , polyolefin, epoxy, PU, polyamide, polyester, EVA, acrylic, butadiene, and others) Max Domi Jersey Youth , functional group (anhydride based functional polymer, silicone based functional polymer, hydroxyl based functional polymer, urethane based functional polymer, methoxy based functional polymer, ethyl acetate based functional polymer , ester based functional polymer, and others), process type (direct functionalization and post functionalization) and region (North America Jonathan Drouin Jersey Youth , Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the

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