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 a broad array of applications including 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.
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, which in turn will drive demand for methylpentene copolymer in the packaging industry. Applications of methylpentene copolymer in production of injection molded products such as blood test cells, cosmetic containers and laboratory wear as well as extrusion molded products including sight glass, wire and cable coating is propelling growth of the global growth of this market. Furthermore, owing to properties such as good temperature stability, methylpentene copolymer is used for autoclavable laboratory and medical equipment, cookware and microwave components. According to Coherent Market Insights’ study, the market for reprocessed medical devices, which includes sterilizable and autoclavable medical devices, is expected to witness a robust CAGR of 20.4% during the forecast period (2017-2025), which in turn will drive growth of the global methylpentene copolymer market. Also, growing demand for methylpentene copolymer in LED molds, due to its excellent electrical insulator properties is fuelling growth of the global methylpentene copolymer market. According to the Coherent Market Insights’ study, global LED lighting market is projected to reach over US$ 120 billion by 2025, exhibiting a CAGR of 16.61% during the forecast period (2017-2025). This rapid growth in the LED lighting market is propelling growth of the global methylpentene copolymer market.
Key players operating in the global methylpentene copolymer market are Mitsui Chemicals, Inc., RTP Company, Inc., Westlake Plastics Company, Inc., Honeywell International Inc., Merck KGaA, Nytef Plastics Ltd., CS Hyde Company, and ComPlex Plastics, Inc. among others.
Global methylpentene copolymer market is segmented into:
By End-use Industry
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