[124 Pages Report] The plastomer market is estimated to reach USD 5.33 Billion by 2020, at a CAGR of 7.4% between 2015 and 2020. The report covers the plastomers market by application (film-food packaging, film-non-food packaging, film-stretch & shrink film, automotive, wires & cables, polymer modification, medical, and others); and by region (North America, Europe, Asia-Pacific, and RoW). Base year considered for the study is 2014 while the forecast period is between 2015 and 2020.

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global market and to estimate the sizes of various other dependent sub-markets in the overall plastomer market. The research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the global plastomer market. After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors and executives. The breakdown of profiles of primary is depicted in the below figure.

The raw material for plastomers includes crude oil/natural gas. Polyolefins are produced by polymerization, wherein short-chain hydrocarbons are polymerized in the presence of catalysts to form long-chain polymers. The value chain of the plastomer market starts with the sourcing of basic raw materials. The value chain includes the manufacturing of plastomers and the delivery of the product for end-use applications. Some of the major applications of plastomers are film-food packaging, film-non-food packaging, film-stretch & shrink film, automotive, wires & cables, polymer modification, medical, and others.

Key target audience:

Plastomers manufacturers

Raw material suppliers

Traders, distributors, and suppliers of plastomers

Government and regional agencies and research organizations

Investment research firms

Scope of the Report:

In this research report, the global plastomer market has been categorized on the basis of type, application, and region.

On the basis of application:

Film-Food Packaging

Film-Non-Food Packaging

Film-Stretch & Shrink Film

Automotive

Wires & Cables

Polymer Modification

Medical

Other applications (agriculture, industrial liners, artificial turf, and recreational products)

On the basis of region:

North America

Europe

Asia-Pacific

RoW

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company�s specific needs. The following customization options are available for the report:

Regional Analysis:

Country-level analysis of the Plastomer market by application.

Company Information:

Detailed analysis and profiling of additional market players.

The market size of plastomers is estimated to reach USD 5.33 Billion by 2020, registering a CAGR of 7.4% between 2015 and 2020. The plastomer market is driven by its unique blend of properties of both, elastomers and plastics. Plastomers have narrow molecular weight distribution that differentiates them from regular plastics or elastomers for which they offer excellent sealing properties and are tough and clear. This is the prime factor responsible for the high demand for plastomers.

These are used in various applications such as film-food packaging, film-non-food packaging, film-stretch and shrink film, automotive, polymer modification, wires & cables, medical, and other applications. In 2014, the packaging application accounted for the largest market share among all the applications, in terms of value, followed by healthcare, water treatment, and pulp & paper applications, and film-food packaging application contributing to the maximum share. The plastomer market in the medical application segment is projected to witness the highest CAGR between 2015 and 2020, both, in terms of volume and value.

Film-food packaging is the largest application of plastomers followed by polymer modification and automotive. The plastomers industry has witnessed tremendous growth, especially in the Asia-Pacific region, due to stable economic conditions and high growth in end-use industries such as packaging, automotive, and polymer modification. The drivers of the growth are the increasing demand for plastomers products in emerging markets and high demand from end-use industries

The U.S. and Europe are the largest markets of packaged food. Growth in the packaged food industry depends on growth of population. Population in the U.S. was growing at 0.7% in 2013, while major countries in Europe, such as Germany and the U.K., were witnessing a slow population growth. The slow growth in population along with rise in importance of organic food products is affecting the market growth. Films manufactured for food packaging applications account for a major consumption of plastomers. Therefore, decrease in demand from the packaging industry of the U.S. and Europe restricts the growth of the global plastomer market.

The leading players manufacturing plastomers are The Dow Chemical Company (U.S.), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Borealis AG (Austria), Mitsui Chemicals (Japan), LG Chem. Ltd. (South Korea), and ExxonMobil (U.S.). These companies have a strong foothold in the global plastomer market and are expected to account for a significant market share in the coming future. Entering into related industries and targeting new markets will enable manufacturers of plastomers to overcome the effects of volatile economy, leading to diversified business portfolio and increase their revenue.