Ionomer Market Growing at 9.6%CAGR Will Hit 700 Million US$ in 2025
Los Angeles, CA -- (SBWire) -- 04/23/2019 --An ionomer is a polymer that comprises repeat units of both electrically neutral repeating units and a fraction of ionized units (usually no more than 15 mole percent) covalently bonded to the polymer backbone as pendant group moieties. This means that most ionomers are copolymers of the neutral segments and the ionized units, which usually consist of carboxylic acid groups. The classification of a polymer as an ionomer depends on the level of substitution of ionic groups as well as how the ionic groups are incorporated into the polymer structure.
The global Ionomer industry has a rather high concentration. The major manufacturers are concentrated in China, North America, Europe and Japan, such as DuPont, Dow (SK), Honeywell, Asahi Kasei and Exxon Chemical Company. At present, DuPont is the world leader, holding 37.64% production market share in 2017.
The global consumption of Ionomer increases from 18670 MT in 2013 to 26563 MT in 2017. In 2017, the global Ionomer consumption market is led by USA and USA is the largest region consumption market, accounting for about 32.73% of global consumption of Ionomer.
The global Ionomer market was 370 million US$ in 2018 and is expected to 700 million US$ by the end of 2025, growing at a CAGR of 9.6% between 2019 and 2025.
This report studies the Ionomer market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Ionomer in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
DuPont
Dow (SK)
Honeywell
Asahi Kasei
Exxon Chemical Company
Asahi Glass
Solvay
Dongyue Group
By the product type, the market is primarily split into
EAA copolymers
PFSA Ionomer
Other
By the end users/application, this report covers the following segments
Golf Ball Covers
Food Packaging
Cosmetics and Medical Device Packaging
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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