The Europe Linear Polymers Market would witness market growth of 3.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 19,009.3 Kilo Tonnes, showcasing a growth of 2.7% (2019-2022).
The global population is steadily increasing, accompanied by rapid urbanization in many regions. This tendency leads to a rise in demand for essential goods, including packaging materials, infrastructure development, and consumer products, requiring these polymers. In addition, continuous R&D in polymer chemistry and processing technologies has led to the development of new & improved linear polymers with enhanced properties. Manufacturers are introducing new formulations and technologies to improve the performance and sustainability of these polymers.
Furthermore, strategic collaborations, mergers, and acquisitions also play a significant role in linear polymer business growth, enabling companies to strengthen their presence and expand into new geographies. On the contrary, increasing demand for sustainable and environmentally friendly materials creates an opportunity for biodegradable and bio-based polymers. These polymers offer advantages such as reduced carbon footprint, biodegradability, and lower dependence on fossil fuels. Developing and adopting biodegradable and bio-based linear polymers can cater to the growing need for sustainable solutions, thus creating lucrative opportunities for the market.
According to Germany Trade and Invest, the use of automotive electronics for vehicles in Germany is predicted to grow by 5.6 percent per year, reaching a value of USD 9.6 billion in 2021. Automotive electronics accounts for about 80 to 90 percent of innovations in modern vehicles. They are used to produce electrical insulation materials essential for automotive electronics. Sensors and actuators in automotive electronics often require specialized materials with precise properties. They contribute to producing components that meet these applications' specific needs. The aforementioned factors will drive the market growth in this region.
The Germany market dominated the Europe Linear Polymers Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $16,909.7 million by 2030. The UK market is exhibiting a CAGR of 2.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.6% during (2023 - 2030).
Based on Manufacturing Process, the market is segmented into Addition Polymerization, Ring-Opening Polymerization, Emulsion Polymerization, and Condensation Polymerization. Based on Type, the market is segmented into Polyethylene, Polyamides, Polystyrene, Polyvinyl Chloride (PVC), and Others. Based on End User, the market is segmented into Packaging, Electronics, Automotive, Construction, Healthcare, Agriculture, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Linear Polymers Market will Hit $357.3 Billion by 2030, at a CAGR of 4.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, Formosa Plastics Group, INEOS Group Holdings S.A., LG Chem Ltd. (LG Corporation), LyondellBasell Industries Holdings B.V., SABIC (Saudi Arabian Oil Company), The Dow Chemical Company and Total Energy Services Inc.
By Manufacturing Process
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End-user (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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