Transparency Market Research in its new report titled, “Homopolymers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026,” provides key insights on the homopolymers market. The TMR report anticipates that the increasing demand from packaging industry will drive the homopolymers market during the forecast period i.e, 2017-2026. Rise in demand in the retail sector is also boosting the homopolymers market. Several emission norms set by the government and strict environmental regulations to lower carbon emission is also propelling the homopolymers market. Usage of homopolymers lowers the weight of the automobile component and subsequently increases fuel efficiency. However, automotive manufacturers are shifting to copolymers due to their high thermal conductivity and better durability. This is a major factor restraining the homopolymers market, says the report.
The TMR report has segregated the homopolymers in terms of end-use industry, arrangement of monomer units, and geography. In terms of end-use industry, the homopolymers is split into automotive, medical, packaging, textile, electrical & electronics, building & construction, and others. Homopolymers are primarily used in automotive to reduce the weight of the vehicle and increase its fuel efficiency. Packaging is the most dominant end-user industry for homopolymers. Based on arrangement of monomer units, the market is divided into linear, branched, cross linked and network polymers. Linear polymers have single continuous chain of monomer units whereas branched chains have side chains of monomer units on the main chain of polymer. High-density polyethylene (HDPE) is an example of linear polymer. Low-density polyethylene (LDPE) is an example of branched polymer. Cross linked polymers have interconnections between polymeric chains whereas network homopolymers have numerous interconnections between parent chains which make them more complicated than cross linked.
On geographical stand, the global homopolymers market is categorized into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, Asia Pacific is estimated to hold large market of the global homopolymers market in the near future. India and China are expected to be the key countries for the homopolymers market in the region. The market in Asia Pacific is expected to expand due to the technological advancements in materials used and high demand for homopolymers in the automotive industry. The market in Europe and North America is anticipated to exhibit steady growth during the forecast period. Middle East & Africa is also a growing region of the homopolymers market. The market in the region is estimated to expand at a rapid pace. The market in Latin America is likely to expand at a moderate pace in the near future. Prominent players operating in the global homopolymers are profiled in this report to give a better competitive analysis and these include Braskem S.A., LyondellBasell Industries, Reliance Industries Limited, Sasol Limited, Total Petrochemicals USA Inc., The Dow Chemical Company, L.C.Y. Chemical Corporation, IRPC Public Company Limited., The Polyolefin Company (Singapore) Pte Ltd., and National Petrochemical Industrial Company.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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