Specialty polymers are polymer additives, which are used to enhance the ideal physical properties of polymers and enhance their performance. These chemicals are usually manufactured in small quantities and premium priced in comparison to commodity chemicals. Specialty polymers are classified under the segment of specialty chemicals. These chemicals are preferred over conventional polymers, as they possess specialized properties such as enhanced endurance limit, electrical insulation, thermal stability, and high heat, corrosion, and flame resistance. Thus resulting in their wide scale usage as insulating materials in various applications.
Specialty polymers are used in various end-use industries such as automotive, electronics, marine, cosmetics, medical, aerospace, agriculture, and construction. The different kinds of polymers include electroluminescent polymers, conducting polymers, biodegradable polymers, liquid crystal polymers, polymer composites, and thermoplastic polymers. Different specialty polymers demonstrate different properties, thus making each one suitable for a unique set of applications.
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Specialty Polymers Market Outlook – Asia-Pacific is the fastest-growing region in the specialty polymers market
Asia Pacific is projected to be the fastest-growing market for specialty polymers, over the forecast period, due to the growing such as India, China, Japan, and South Korea. Specialty polymers hold a significant position in these industries, thus the growth of these industries, leads to an increasing demand for specialty polymers, in turn fueling market growth in the region. Increasing disposable income among the populace and growing infrastructural development are major drivers escalating growth of the specialty polymers market in the region.
Major Keyplayers: Croda International Plc, Evonik Industries, BASF, Solvay Group, Specialty Polymers Inc., PolyOne Corporation, AmeriLux International LLC, The Dow Chemical Company, Clariant, Arkema Group, 3M, A.Schulman, Inc., Ashland Inc., and Koninklijke DSM N.V.
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