Stiff competition and fragmentation prevail in the global food hydrocolloids market. In this market with a large number of local and regional players, key players have resorted to product innovation, investments, and acquisitions to gain competitive advantage.
The global super absorbent polymer market size was valued at USD 7.9 billion in 2018 and is anticipated to progress at a CAGR of 6.3% during the forecast period. Strong demand from the baby diaper segment is projected to stoke the overall growth. In addition, surging demand for adult incontinence and female hygiene products owing to increasing awareness pertaining to hygiene is poised to drive the product demand. In terms of revenue, the U.S. market is likely to expand at a CAGR of 6.7% during the forecast period and is expected to continue remaining the largest market for Super Absorbent Polymer (SAP) over the forecast period.
The global adhesives and sealants market is projected to expand in the next few years due to the rise in demand for adhesives and sealants from end-use industries and diverse applications. An adhesive is a compound blend that glues two surfaces to form a solitary unit. A sealant is a semisolid material used to prevent liquid spillage.
The Southeast Asia plastic compounding market size was valued at USD 3.4 billion in 2018 and is projected to progress at a CAGR of 8.9% over the forecast period. Increasing demand for substitution for glass, metals, wood, natural rubber, and man-made materials such as concrete is anticipated to drive the market growth. Versatility and benefits of compounded plastics such as ease of molding and ability to form the desired shape are leading to its rising demand in various industrial applications in Southeast Asia.
Innovations in synthetic rubber are triggering growth for the industrial rubber products market. As such, styrene butadiene rubber is anticipated to dominate the global industrial rubber products market with the second-highest production amongst all rubber types, estimated to reach an output of ~7,500 kilo tons by the end of 2027. Hence, manufacturers are innovating new synthetic rubber solutions to improve tire technology.
Thermoplastic elastomers are materials that possess properties of both elastomers and plastics. All thermoplastic elastomer materials are based on a hard thermoplastic and a soft elastomer.
Electromobility and autonomous driving are posing new challenges to the materials used in vehicles, yet at the same time opening up new opportunities. Thanks to their outstanding properties, polyamides (PAs) have been a go-to material for components in challenging environment. These engineering thermoplastics are also gaining popularity and in great demand for applications in the automotive industry.
Plastic compounding is one of the effective methods for transforming the characteristics of engineered thermoplastics using a blend of plastics and additives. This compounding process tends to change the physical, thermal, electrical, or esthetic characteristics of the plastic.
European polymer demand is set to grow by 1.5%/year to 2023, according to AMI Consulting’s latest report.
Self-regulating heating systems based on electrically conductive
The global Polyphenylene Sulfide (PPS) market size was estimated at USD 1.19 billion in 2018. It is anticipated to expand at a CAGR of 8.8% during the forecast period. Polyphenylene sulfide is a crystalline polymer, whose high chemical resistance and temperature performance among other properties are projected to fuel the demand over the next few years.
Thermoplastic elastomers TPEs continue to make inroads into the automotive sector as rising automotive sales and the resulting increased demand for the material make it attractive to polymer producers.