Methylpentene Copolymer Market

Methylpentene copolymer is used in autoclavable laboratory and medical equipment, cookware, and microwave components, owing to properties such as good temperature stability. According to Coherent Market Insights’ analysis, the market for reprocessed medical devices, which includes sterilizable and autoclavable medical devices, is expected to witness a robust CAGR of 4.67 % during the forecast period (2022-2030), which in turn will drive growth of the global methylpentene copolymer market.

Moreover, rising demand for methylpentene copolymer in LED molds due to its excellent electrical insulator properties is fueling growth of the global methylpentene copolymer market. According to the Coherent Market Insights’ analysis, global Methylpentene Copolymer market is projected to reach over US$ 527.34 Mn by 2030, exhibiting a CAGR of 4.67 % during the forecast period (2022-2030). This rapid growth in the LED lighting market is propelling growth of the global methylpentene copolymer market.

Market Dynamics

Europe is expected to be a lucrative region for players in this market with the U.K., Germany, and France being major growth engines in the region. This is attributed to rising demand from end-use industries such as electrical and electronics, chemical, pharmaceutical, and packaging, among others.

Methyl pentene copolymers is lightweight, high-temperature polyolefin with excellent electrical insulator properties all these key factors are fueling the growth of the global Methylpentene Copolymer Market.

Additionally, methylpentene copolymer offers properties such as heat resistance, impact resistance, and is lightweight, finding significant applications in the automotive industry.

Hence, growth in the automotive industry is expected to boost the Methylpentene Copolymer Market. For instance, according to the China Association of Automobile Manufacturers and the Society of Indian Automobile Manufacturers, in 2016, sales of cars in China were 28 million units.

However, due to rising environmental concerns is a significant factor hampering the growth of this market. Plastic pollution is a major ecological concern nowadays. Around 4 million tons of garbage is disposed of every day, out of which 0.60 Million tons are plastics

Key features of the study:

• This report provides in-depth analysis of the global methylpentene copolymer market and provides market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2022 – 2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles leading players in the global methylpentene copolymer market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
• Key companies covered as a part of this study include Mitsui & Co., Ltd and RTP Company Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology upgradation, market expansion, and marketing tactics
• The global methylpentene copolymer market report caters to various stakeholders in this industry including investors, suppliers, methylpentene copolymer manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global methylpentene copolymer market

Detailed Segmentation:

• Global Methylpentene Copolymer Market, By End-use Industry:
  • Electrical and Electronics
  • Chemical
  • Pharmaceuticals
  • Packaging
  • Automotive
  • Others
• Global Methylpentene Copolymer Market, By Region:
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • North Africa
    • Central Africa
    • South Africa
• Company Profiles
  • Mitsui & Co., Ltd.*
  • Company Overview
  • Product Portfolio
  • Financial Performance
  • Key Strategies
  • Recent Developments
  • Future Plans
  • RTP Company Inc.