Polymer Blends & Alloys Market worth $6.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, July 20, 2023 /PRNewswire/ -- The report "Polymer Blends and Alloys Market by Type (PC, PPE/PPO-Based Blends and Alloys), Application (Automotive, Electrical and Electronics, Consumer Goods), and Region (Europe, North America, Asia Pacific, and RoW) - Global Forecasts to 2028", is estimated at USD 4.4 billion in 2022 and is projected to reach USD 6.6 billion by 2028, at a CAGR of 6.7% from 2023 to 2028. Factors such as the superior properties of polymer blends & alloys like impact resistance, durability, chemical resistance, thermal management capabilities, advancements in material science, and environmental considerations are positively driving the growth of the polymer blends & alloys market. Furthermore, the rising applications from emerging economies and the adoption of polymer blends & alloys will further propel the growth rate of the polymer blends & alloys market. The development of new technologies such as automation, and digital design tools is making producing polymer blends & alloys components easier and more cost-effective.

Browse in-depth TOC on "Polymer Blends & Alloys Market"

80 – Tables
60 – Figures
300 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88629095

PPE/PPO Based Blends and Alloys type segment is expected to account for the third largest market share in 2022.

PPE (Polyphenylene Ether) and PPO (Polyphenylene Oxide) are a family of thermoplastics known for their excellent thermal stability, electrical insulation properties, and dimensional stability. PPE is often blended with polystyrene (PS) to create PPE/PS blends. These blends offer a balance of properties such as high heat resistance, good dimensional stability, and improved impact strength. They are used in automotive applications, electrical and electronic components, and household appliances. PPE/PPO-based blends and alloys are valued for their excellent electrical insulation, thermal stability, chemical resistance, and dimensional stability. They offer a versatile range of properties and are used in diverse industries including automotive, electrical and electronic, appliance manufacturing, and industrial sectors. The PPE/PPO based blends and alloys type offers unique properties and advantages in various applications.

Consumer goods application segment held the fourth largest market share in the polymer blends & alloys market

Polymer blends & alloys are widely used in consumer goods applications, including appliances, electronic devices, furniture, sporting goods, toys, personal care products, and home goods. They offer versatility, design flexibility, and cost-effectiveness, making them ideal for creating durable and attractive products. These materials provide lightweight solutions, impact resistance, vibrant colors, and properties such as scratch resistance and ease of maintenance. Polymer blends & alloys enable manufacturers to produce consumer goods that meet the demands of consumers in terms of aesthetics, functionality, and performance.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=88629095

Europe is expected to account for the third largest share in 2022

The polymer blends & alloys market has been studied in North America, Europe, Asia Pacific, and Rest of World. The Europe polymer blends & alloys market is driven by the growing need for polymer blends & alloys in automotive, electrical and electronics, and other industries. Europe is known for its advancements in the electrical and electronics industry. Polymer blends & alloys are widely used in the manufacturing of electronic devices, connectors, housings, and insulation components. These materials offer excellent electrical insulation, thermal management, and design flexibility required for the fast-paced electronics market. The European region is third largest markets for polymer blends & alloys globally, with Germany, UK, and France being the major contributors to the market growth. Germany is the largest market for polymer blends & alloys in the Europe region, accounting for a significant market share.

Prominent companies include Covestro AG (Germany), BASF SE (Germany), Celanese Corporation (US), LG Chemical (South Korea), INEOS Styrolution Group GmbH (Germany), JSR Corporation (Japan), LyondellBasell Industries Holdings B.V. (US), Mitsubishi Engineering-Plastics Corporation (Japan), SABIC (Saudi Arabia), Daicel Corporation (Japan), Asahi Kasei Corporation (Japan), and CHIMEI (Taiwan), among others.

Browse Adjacent Market: Fibers and Composites Market Research & Consulting

Related Reports:

Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market - Global Forecast to 2028

Polyphenylene Market - Global Forecast to 2023

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/polymer-blends-alloys-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/polymer-blends-alloys.asp 

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets