Polymers Market - Size, Share, Trends, and Forecast 2019 - 2027

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

A polymer is a large molecule, which consists of a number of repeated subunits known as monomers. Polymers are of two types, namely synthetic and natural. Natural polymers are made of natural substances such as rubber, resins, and gum, and synthetic polymers are formed by polymerization of monomers. Polymers exhibit wide range of chemical and physical properties such as toughness, viscoelasticity, and tendency to form semi-crystalline structures. Some examples of polymers include polyethylene, polypropylene, synthetic rubber, nylon, wool, silk, and silicone.

Market Dynamics

Increasing demand for compounds made from polymers from industries such as automotive, electronics, building and construction, water treatment, waste management, energy, oil and gas, mining and coatings is a major factor driving growth of the global polymers market. In electrical and electronics industry, major forms of polymers used include polyphenylene sulphide, nylon 46, polythiazide, and polycyclohexylenedimethylene terephthalate. These polymers are highly preferred, as these can withstand high temperature and can also withstand surface mount technology.

Moreover, recycling of plastics is another major factor that drives growth of the polymers market, as it aids in reduction of plastics in waste stream. Also, in plastic recycling, waste plastics are recovered by reprocessing them into useful products.

However, high volatility in raw material prices and stringent regulations by regulatory bodies of various governments to reduce use of plastics are major factors that are expected to restrain growth of the market over the forecast period.

Market Outlook

The global polymers market size was valued at US$ 670 billion in 2018 and it is expected to increase at a CAGR of 5.3% during the forecast period (2019-2027).

On the basis of region, the global polymers market is segmented into North America, Latin America, Asia Pacific, Middle East, and Africa. Asia Pacific, Middle East, and Latin America together accounts for largest share in the global polymers market, as they are the major consumers of these compounds in the market. Economic growth of the Asian countries, growing electronics industry in India, and developing infrastructure industry in China are major factors boosting the market growth in Asia Pacific. Moreover, North America has witnessed a considerable revival from the recession in 2008. The demand for polymers has grown significantly in the region over the past few years.

Key Players

Some of the major players operating in the global polymers market include The Dow Chemical Company, LyondellBasell Industries N.V., Exxon Mobil Corporation, SABIC, BASF SE, INEOS AG, Eni S.p.A., Chevron Phillips Chemical Company LLC, and LANXESS.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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