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Methylpentene copolymer is a thermoplastic polymer. It shows properties such as transparency, low moisture absorption, high thermal stability, good electrical and acoustical properties, chemical resistance, good dielectric characteristics, and excellent optical properties. Copolymers of 4-methyl-1-pentene are commercially used, owing to its transparency and robust processing behavior. It is used in various applications such as laboratory apparatus, medical equipment, ovenware, wire and cable coating, sonar covers, ultrasonic transducer heads, speaker cones, optical components, baking cartons, animal cages, and heat resistant non-woven materials, among others.

Global methylpentene copolymer market was valued at US$ 350.00 Million in 2021 in terms of revenue, exhibiting a CAGR of 4.67 % during the forecast period (2022 to 2030).

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Methylpentene Copolymer Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 350.00 Mn 
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 4.67 % Forecast Period: 2022-2030
Geographies covered:
  • By Region: North America, Latin America, Asia Pacific, Europe, Middle East, and Africa
Segments covered:
  • By End-use Industry: Electrical and Electronics, Chemical, Pharmaceuticals, Packaging, Automotive, and Others
Companies covered:

Mitsui & Co., Ltd and RTP Company Inc.

Growth Drivers:
  • Rising investment in research and development activities for new product development
  • Expansion of global production capacities
  • Growing demand from emerging markets
Restraints & Challenges:
  • Rising applications in baking cartons, paper coatings, which decreases the growth of methylpenetene copolymer market.

Drivers

Methylpentene copolymer is a lightweight, high temperature polyolefin. It is available in the form of sheets, rods, tubes, and films. Rising applications of methylpentene copolymer in baking cartons, paper coatings, release film and paper, high-frequency films, and food packaging such as gas permeable packages for fruit and vegetables is driving growth of the global methylpentene copolymer market. According to the World Packaging Organization (WPO), packaging market is expected to be valued at US$ 1 trillion over the forecast period, which in turn will drive demand for methylpentene copolymer in the packaging industry.

Methylpentene Copolymer Market have been tracking the direct impact of COVID-19 on this market, as well as the indirect impact from other industries. This report analyzes the impact of the pandemic on the Methylpentene Copolymer market from a Global and Regional perspective. The report outlines the market size, market characteristics, and market growth for Methylpentene Copolymer industry, categorized by type, application, and consumer sector. In addition, it provides a comprehensive analysis of aspects involved in market development before and after the Covid-19 pandemic. Report also conducted a PESTEL analysis in the industry to study key influencers and barriers to entry.

 Figure 1. Global Methylpentene Copolymer Market Value Share (%), By Region, 2021

Methylpentene Copolymer  | Coherent Market Insights

Market Restraints

Demand for methylpentene copolymer in manufacturing of electrical components such as LED molds and components of various electric equipment such as coffee maker is increasing significantly. Furthermore, growing electronics sector in the region is expected to aid in growth of the market

Market Trends

  • Significant players in the global methylpentene copolymer market are Mitsui, RTP Company, Westlake plastics company Inc., Honeywell International Inc., Goodfellow Inc., Saint Gobain Norton, Merck KGaA, and others.
  • Product launches, partnerships, and expansions are some of the strategies adopted by players to increase their market share.

Figure 2. Global Methylpentene Copolymer Market value Share (%), By End-use Industry, 2021

Methylpentene Copolymer  | Coherent Market Insights

Recent Developments

  • In March 2018, RTP Company one of the leading manufacturers of engineering thermoplastics is expanded into Poland to provide a consistent supply of their products to customers operating in Europe.
  • On Nov 22, 2022,New Jersey, United States: This influential Methylpentene Copolymer Market report is a wonderful guide to achieve information or key data about market, emerging trends, product usage, motivating factors for customers, competitor strategies, brand positioning, customer preferences, and customer behaviour.

Competitive Section

Major players operating in the global methylpentene copolymer market include Mitsui & Co., Ltd and RTP Company Inc.

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.

Frequently Asked Questions

Global methylpentene copolymer market was valued at around US$ 350.00 Million in 2021.
The market was valued at US$ 350.00 Million in 2021 in terms of revenue, exhibiting a CAGR of 4.67 % during the forecast period (2022 to 2030).
Rapid growth in packaging industry is one of the major factors driving growth of the nmarket.
Rising applications of methylpentene copolymer in baking cartons, paper coatings, release film and paper, high-frequency films, and food packagingis one of the major factors that is expected to propel growth of the market over the forecast period.
Major players operating in the market include Mitsui & Co., Ltd and RTP Company Inc.
The market is estimated to grow at around 4.67% CAGR in the forecast period (2022-2030).

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