PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 992834
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 992834
Abstract:
Global Conducting Polymers Market to Reach 757.3 Kilo Tons by 2027
Amid the COVID-19 crisis, the global market for Conducting Polymers estimated at 452.3 Kilo Tons in the year 2020, is projected to reach a revised size of 757.3 Kilo Tons by 2027, growing at a CAGR of 7.6% over the analysis period 2020-2027. Acrylonitrile Butadiene Styrene, one of the segments analyzed in the report, is projected to record a 8.3% CAGR and reach 290.2 Kilo Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polycarbonates segment is readjusted to a revised 7.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at 122.1 Kilo Tons, While China is Forecast to Grow at 11.7% CAGR
The Conducting Polymers market in the U.S. is estimated at 122.1 Kilo Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 172 Kilo Tons by the year 2027 trailing a CAGR of 11.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
Polyphenylene-Polymer based Resins Segment to Record 6.5% CAGR
In the global Polyphenylene-Polymer based Resins segment, USA, Canada, Japan, China and Europe will drive the 6.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of 60.4 Kilo Tons in the year 2020 will reach a projected size of 91.7 Kilo Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 104.7 Kilo Tons by the year 2027, while Latin America will expand at a 7.9% CAGR through the analysis period.
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