PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1381831
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1381831
Global Monomers Market is valued at approximately USD 38.4 billion in 2022 and is anticipated to grow with a growth rate of more than 4.8% over the forecast period 2023-2030. molecule that has the ability to chemically bond with other molecules in a long chain Monomers help in the production of various consumer goods such as electronics, appliances, textiles, packaging materials, and household products. The increasing demand in the Plastic and automotive industries are the key factors responsible for the monomers market growth of the Monomers over the forecast period 2023-2030.
According to the International Energy Agency's report, in the first quarter of 2023, approximately 2.3 million electric cars were sold worldwide, representing a growth of about 25% compared to the same period last year.. According to the Organisation Internationale des Constructeurs d'Automobiles, in 2021, motor vehicle production is USD 77.71 million units and increased to USD 80.14 million units in 2022. The increasing demand in the automotive sector and growth in the production of various types of plastics are the primary factors of growth in the market. Also, technological advancement in end-use industries to improve the strength and durability of advanced monomers accelerate market growth. Moreover, increased investment by key players and rapid urbanization are anticipated to create a positive outlook for the market. However, stringent policies regarding the usage of monomers stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Monomers Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in terms of revenue owing to factors such as increased usage in end-user industries such as plastic, automotive, and packaging sectors, technological advancement in various industries, and a rise in disposable income in the region. Europe is the fastest-growing region due to increased demand for polymers and investing in research and development activities to develop new materials to improve the efficiency and performance of products in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable