/ Blog / Douglas Insights' Comparison Engine Makes Synthetic Polymers Market Report Accessible


03 September 2022

Douglas Insights' Comparison Engine Makes Synthetic Polymers Market Report Accessible

Douglas Insights adds the Synthetic Polymers Market report to its comparison engine, enabling its client to check and review the market size, share, trends, constraints, and drivers. The engine is the first of its kind in the world and uses filters and advanced algorithms to help clients compare research reports by using published ratings, dates, prices, and a list of tables. Douglas Insights provides insights on factors affecting market trends and offers a basis for practical decisions leading to increased productivity. 


The synthetic polymers market shows a positive trend and will grow considerably in size in the next decade. The expected CAGR is 5.6% for the market in the forecast period starting from this year to 2029. The fundamental application analysis of synthetic polymer reveals its increasing demand in the aerospace, architecture, healthcare, and automobile industries. The recent rise in industrial and residential construction propels the mandate for polymer paints and varnishes. Additionally, the influx of viral and infectious ailments spurs the demand for medical equipment and accessories like catheters, surgical gloves, wraps, bandages, and stethoscopes. 


Climate change and the growing environmental anomalies have shifted the focus on the increased use of synthetic polymers as they are non-degradable and contain harmful chemicals. Governments are employing new rules and policies to minimize the use of synthetic polymers and investing in research for its degradable alternative. While there is an opportunity in the cosmetic industry, the strict regulation of specific chemicals and their usage impedes the growth of the synthetic polymer market. Conversely, the fluctuating prices of crude oil and other synthetic components slow down the production of some of the leading polymer types. 


The market size encompasses the regional markets of North America, South America, Europe, Middle East and Africa (M.E.A.), and Asia-Pacific (APCA). Asia-Pacific countries have large quantities of raw materials used in the production of synthetic plastic and therefore have a competitive advantage over other regions. They also own the largest share of the synthetic polymer market and are expected to maintain their lead in the coming years because of the rapid development and urbanization.  


The leading vendors in the synthetic polymers market are America's Celanese Corporation, Dow Chemical, OMNOVA Solutions, Trinseo, Lion Elastomers, and Lubrizol; Japan's Asahi Kasei, Kumho Petrochemical, Sumitomo Chemical, and Zeon; India's Jubilant Agri & Consumer Products, and Apcotex Industries; Europe's Wacker Chemie, BASF, Arkema, ARLANXEO, Versalis, and Sibur; South Korea's LG Chem and China's Shanghai Baolijia Chemical. 


Synthetic polymers include fibre, latex and rubber, but based on recent trends, synthetic latex polymer is expected to dominate the market. The growing application of styrene acrylics, a subtype of synthetic latex, in building construction and roof coatings has increased its demand. Synthetic latex is also used in paints, coatings, paper, adhesives, sealants, and carpets and makes up the bulk of the electronic and architectural industry. The painting and coating industry dominated the application sector of the industry and has contributed to the market acceleration in the Asia-Pacific region. 


Furthermore, the synthetic polymer trends also affect the smart polymer market, which has key influences on the ongoing research against coronavirus. As the risk of viral diseases grows, smart polymers and, by relevance, synthetic polymers are high in demand in the biomedical sector and drug delivery systems. 


Despite the restraints on its aggressive use because of harmful consequences, the synthetic polymer will continue to grow as long as urbanization and citywide construction in Asia-Pacific and other regions are on the rise. 

Share on

Continue Reading

Global Pediatric Vaccines Market, an Instant Rise Since COVID-19 Outbreak

The pediatric vaccine market will generate around $48.8 billion worldwide by 2022. Scientists have also generated an estimated revenue of $160.7 billion which the market might reach by the year 2032.

Leading Electric Vehicle Producers

It’s no shocker that electric vehicles are the next big thing. In fact, they are the big thing- because there’s no next to electric vehicles. They’re the present and future, both. EVs are taking the world by storm with their rapid demand levels, super-advanced features, ultra-elegant appeal, and, most importantly: their premium eco-friendliness.

Uber's Computer Systems Just Got Hacked

Click to learn about the recent hack at Uber, what went down, what the likely reason is, what we know about the hacker, and what it all means.

All About Focus Group | The Ultimate Step-By-Step Guide

Click here to develop a solid understanding of focus groups. In this comprehensive guide, we will explain what’s a focus group, its benefits, and more.

Recent Press Releases

Douglas Insights Adds Specialty Carbon Black Market Research Reports to Its Comparison ...

As part of its latest expansion, Douglas Insights has evaluated various parts of the global specialty carbon black market and recognized the changes in marke...

Douglas Insights Adds Custom T-Shirt Printing Market Research Reports to Its Comparison...

Douglas Insights wanted to expand its comparison engine with market reports that identify all the players in a market space. They also contain notes from res...

Cholesterol Tests Market Research Reports Now on Douglas Insights Comparison Engine

The cholesterol test market is rapidly growing worldwide. The industry is segmented by product type, test type, and region. Product type includes testing str...

Douglas Insights Includes Women’s Activewear Market Research Reports to Its Comparison ...

The Women’s Activewear Market Report by Douglas Insights aims to inform about the details of growing developments, market share and any localized and domesti...