Methylpentene copolymer market

Methylpentene Copolymer Market, By End-use Industry (Electrical and Electronics, Chemical, Pharmaceuticals, Packaging, Automotive, and Others), and By Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Request Free Sample

Jan 2023
CMI1572
147 Pages
Excel & Pdf
Polymers and Resins

Summary

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).

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

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

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.

Table of Content

Table of Contents

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What was the global methylpentene copolymer market size in 2021?

Global methylpentene copolymer market was valued at around US$ 350.00 Million in 2021.

What are the major factors that are expected to drive growth of the market during the forecast period?

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).

What are the trends in the market?

Rapid growth in packaging industry is one of the major factors driving growth of the nmarket.

What are the key factors hampering growth of the market?

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.

Which are the key players in the market?

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

What is the estimated CAGR for the market?

The market is estimated to grow at around 4.67% CAGR in the forecast period (2022-2030).