Specialty Polymers Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Specialty polymers are used as polymer additives to enhance the ideal properties of polymers and enhance their performance. These chemicals are more costly than the commodity chemicals. Specialty polymers are classified in specialty chemicals segment. These chemicals are preferred over conventional polymers due to their specialized properties such as high corrosion resistance, enhanced endurance limit, electrical insulation, thermal stability, and high heat and flame resistance. These polymers are widely used as insulating materials in various applications.

Specialty polymers are used in various end-use industries such as automotive, electronics, marine, cosmetics, medical, aerospace, agriculture, and construction. Electroluminescent polymers, conducting polymers, biodegradable polymers, liquid crystal polymers, polymer composites, and thermoplastic polymers are among the widely used specialty polymers. Each specialty polymers shows different properties, which is suitable for particular applications.

Specialty Polymers Materials Market Taxonomy

On the basis of product type, the global Specialty Polymers materials market is segmented into:

  • Thermoplastic Polymers
    • Polytetrafluoroethylene (PTFE)
    • Polycarbonate (PC)
    • Polysulfonates
    • Others
  • Biodegradable Polymers
    • Polyhydroxybutarate (PHB)
    • Polyhydroxybutarate-hydroxyvalarate (PHBV)
    • Polyhydroxyvalarate (PHV)
  • Conducting Polymers
    • Intrinsically Conducting Polymers
    • Extrinsically Conducting Polymers
    • Doped Conducting Polymers
    • Coordination Conducting Polymers
  • Polymer Composites
    • Particle reinforced composites
    • Fiber reinforced composites
    • Structural Composites
  • Liquid Crystal Polymers
  • Electroluminescent Polymers

On the basis of end-use industry, the global Specialty Polymers materials market is segmented into:

  • Automotive & Transportation
  • Electrical & Electronics
  • Marine
  • Adhesives & Sealants
  • Coatings
  • Aerospace
  • Medical
  • Building & Construction
  • Oil & Gas
  • Others (Cosmetics, and Agriculture)

In spite of being relatively expensive, specialty polymers are  indispensable in a wide range of industries due to their unique properties. Thermoplastic polymers are widely used in manufacturing electrical parts such as sockets and switches due to their high heat and flame resistance properties. Also, thermoplastic polymers are used to manufacture bulletproof glass for automotive application. Biodegradable polymers find major use in medical and agricultural end-use industries. In the medical industry, biodegradable polymers are largely used in controlling drug delivery. These polymers are also used widely in manufacturing films, molded bottles, and coated paper. Conducting polymers are polymers that have the ability to conduct better heat than other polymers, and are used in application requiring high heat conductivity. Electroluminescent polymers are widely used in display panels for LED screens for television, mobiles, and PC, among others. These are also used for color pixels in ink jet printing. Liquid crystal polymers (also known as Kevlar) are widely used in manufacturing body armor, and protective clothing.

Specialty Polymers Market Outlook – Asia-Pacific is the fastest-growing region in specialty polymers market

Asia Pacific is projected to be the fastest-growing market for specialty polymers during the forecast period. The growing automotive, construction, and electronic end-use industries in countries such as India, China, Japan, and South Korea are major drivers escalating growth of the specialty polymers market in the region. The growing infrastructure development and growth in disposable income are fueling growth of specialty polymers market in the region. Also, rampant economic growth and shifting of manufacturing units of key players such as BASF and The Dow Chemical Company to Asia Pacific, in order to capitalize on lucrative growth opportunities, in turn creates a highly conducive environment for growth of the specialty polymers market in the region. Rampant infrastructure development, growing building & constructing activities due to rise in population, and growth in sales of consumer goods are projected to further fuel growth of the specialty polymers market in the region.

The fluctuating crude oil (the basis feedstock for specialty polymers) is a major restraint for market growth. Low focus of players on R&D activities, which subsequently results in low technological advancements in manufacturing specialty polymers are other major restraints in the market. Some of the major companies operating in the global specialty polymers materials market are Croda International Plc, Evonik Industries, BASF, Solvay Group, Specialty Polymers Inc., PolyOne Corporation, AmeriLux International LLC, The Dow Chemical Company, Clariant, Arkema Group, 3M, A.Schulman, Inc., Ashland Inc., and Koninklijke DSM N.V..

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.

Smiley face

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.
Smiley face

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

Choose License Type

"How Can I Help You" ?

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.