Homopolymers are polymers made up of just one type of monomers. They are broadly used in plastic processing for the manufacture of products, which can lower the weight of a particular product. Homopolymers possess properties such as excellent weight-to-strength ratio, good resistance to chemicals, weldability, low density, and high resistance to moisture. Homopolymers are considered high volume products in several end-use industries. Polypropylene is a widely used homopolymer.
The homopolymers market is driven by the high demand for these in the packaging industry. Rise in demand in the retail sector is also boosting the homopolymers market. Several emission norms set by the government and strict environmental regulations to lower carbon emission is also propelling the homopolymers market. Usage of homopolymers lowers the weight of the automobile component and subsequently increases fuel efficiency. However, automotive manufacturers are shifting to copolymers due to their high thermal conductivity and better durability. This is a major factor restraining the homopolymers market.
Based on end-use industry, the homopolymers can be segmented into automotive, medical, packaging, textile, electrical & electronics, building & construction, and others. Homopolymers are primarily used in automotive to reduce the weight of the vehicle and increase its fuel efficiency. Packaging is the most dominant end-user industry for homopolymers.
On the basis of arrangement of monomer units they can be classified as linear, branched, cross linked and network polymers. Linear polymers have single continuous chain of monomer units whereas branched chains have side chains of monomer units on the main chain of polymer. High-density polyethylene (HDPE) is an example of linear polymer. Low-density polyethylene (LDPE) is an example of branched polymer. Cross linked polymers have interconnections between polymeric chains whereas network homopolymers have numerous interconnections between parent chains which make them more complicated than cross linked.
In terms of region, the global homopolymers market can be split into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is estimated to hold large market of the global homopolymers market in the near future. India and China are anticipated to be the key countries for the homopolymers market in the region. The market in Asia Pacific is expected to expand due to the technological advancements in materials used and high demand for homopolymers in the automotive industry. The market in Europe and North America is anticipated to exhibit steady growth during the forecast period. Middle East & Africa is also a growing region of the homopolymers market. The market in the region is estimated to expand at a rapid pace. The market in Latin America is likely to expand at a moderate pace in the near future.
Key players operating in the global homopolymers are Braskem S.A., LyondellBasell Industries, Reliance Industries Limited, Sasol Limited, Total Petrochemicals USA Inc., The Dow Chemical Company, L.C.Y. Chemical Corporation, IRPC Public Company Limited., The Polyolefin Company (Singapore) Pte Ltd., and National Petrochemical Industrial Company.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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