Among end-use industries, the Commercial construction expected to lead the elastomeric membrane market

The elastomeric membrane market is projected to reach USD 41.10 Billion by 2022, at a CAGR of 6.7%. The elastomeric membrane market is expected to be driven by increasing residential and non-residential construction projects that are resulting in the growth of the construction industry. Moreover, regulations for energy optimization are increasing in order to address environmental concerns. Since elastomeric membranes such as TPO and EPDM contribute to energy savings, these regulations are expected to drive the elastomeric membrane market.

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On the basis of end-use industry, the elastomeric membrane market has been classified into residential construction and non-residential construction. The non-residential construction segment is both, the largest and the fastest-growing. Growing foreign investments in the construction industry, high-end commercial projects, and industrial development are expected to drive this segment. Growing construction of commercial buildings such as shopping malls, multiplexes, show rooms, institutional buildings, offices, and industrial buildings are resulting in the growth of the market. Industrial construction projects are also increasing due to growing manufacturing activity and growth in retail construction to meet consumer needs. These factors are cumulatively expected to result in high growth of the elastomeric membrane market in this sector.

Roofs & walls is the largest and fastest-growing application of the elastomeric membrane market owing to the high demand for sheet membranes in non-residential flat roofs. Elastomeric membrane is widely used in exterior applications and hence is a preferred choice in roofing. It can sustain adverse climatic conditions and improves the durability of roofing systems. Increasing construction of commercial and industrial buildings have further fueled the use of elastomeric membranes in this application.

Based on region, the elastomeric membrane market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. The Asia-Pacific elastomeric membrane market is the largest and fastest-growing market due to substantial investments in residential and non-residential construction projects to meet the housing and infrastructural needs of the growing population. Cheap labor, cheap & accessible raw materials, and public infrastructure projects have boosted construction activities, thereby, increasing the demand for elastomeric membrane in this region.

The key players operating in the elastomeric membrane market are BASF, Sika, Carlisle Companies Inc., SOPREMA, Kemper System, Saint-Gobain, Firestone Building Products Company, Johns Manville, GCP Applied Technologies Inc., and Standard Industries Inc. These companies undertake dynamic business strategies that lead to propelling the growth of the elastomeric membrane market. However the market is restrained due to fluctuating raw material prices.

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Extensive usage of blow molding resins for packaging products is expected to drive the growth of the market

The blow molding resins market is estimated at USD 36.67 billion in 2017 projected to reach USD 51.95 billion by 2022, at a CAGR of 7.2% from 2017 to 2022.

Blow molded products are being increasingly used across the globe, owing to their excellent properties, such as strong resistance to chemicals and moisture, flexibility in design, excellent impact resistance, and a wide range of hardnesses (flexible, semi-rigid, and rigid).

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The blow molding resins market has been segmented on the basis of type, application, and region. Among types, the polyethylene blow molding resins segment is projected to grow at the highest CAGR between 2017 and 2022. Polyethylene blow molding resins are being preferred in various applications, owing to their low cost, moisture resistance, high chemical resistance, and excellent processability. These are used to produce blow molded products, such as household containers, personal care containers, fuel tanks, water tanks, and bottles.

The packaging applications segment of the blow molding resins market is projected to grow at the highest CAGR between 2017 and 2022. Increasing consumption of blow molding resins in packaging applications for pharmaceutical, food & beverages, chemical, and personal care products is expected to drive the growth of the segment. Automotive & transportation is the second-fastest market for blow molding applications. Blow molding resins are used to produce auto-parts, such as panes and railings, bumper support, fenders, mudguards, door locking systems, consoles, garnish pillars, cockpit systems, and fuel tanks. Polyethylene, polypropylene, polyvinyl-chloride, polystyrene, polyethylene terephthalate, and acrylonitrile butadiene styrene are the commonly used blow molding resins in the automotive application. These resins are preferred in automotive applications owing to their minimal corrosion, which leads to longer vehicle life, substantial design freedom, innovation and creativity in vehicle development, and flexibility in integrating components.

The Asia Pacific blow molding resins market is projected to grow at the highest CAGR between 2017 and 2022. The increasing per capita expenditure on healthcare, personal care, and food products, large consumer base, growing urban population, low labor costs, and easy availability of raw materials are attracting international pharmaceutical, chemical, and food & beverage manufacturers to shift their production facilities to the region, thus creating high demand for the blow-molded products produced by blow molding resins in these industries. The Asia Pacific is the global manufacturing hub for the chemical industry, accounting for more than 50% of global chemical production output; this increases the demand for products, such as cans and containers, produced with the use of blow molding resins in the chemical industry.

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Blow Molding Resins Market worth 51.95 Billion USD by 2022

The report “Blow Molding Resins Market by Type (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyvinyl Terephthalate), Application (Packaging, Automotive & Transportation, Construction & Infrastructure), and Region – Global Forecast to 2022″, The blow molding resins market is estimated at USD 36.67 Billion in 2017 and projected to reach USD 51.95 Billion by 2022, at a CAGR of 7.2% from 2017 to 2022.

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Browse 156 Tables and 43 Figures spread through 164 Pages and in-depth TOC on “Blow Molding Resins Market”

The growth of the blow molding resins market can be attributed to the increasing consumption of blow molding resins in the packaging, food & beverages, and pharmaceutical industries. Blow molded products possess excellent stiffness and Environmental Stress Cracking Resistance (ESCR), high load melt strength, and excellent rigidity. Such properties enable the use of these resins for blow molding applications.

Among types, the polyethylenesegment of the blow molding resins market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022

Based on type, the blow molding resins market has been segmented into polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, and others. Among types, the polyethylene segment is expected to grow at the highest CAGR during the forecast period from 2017 to 2022. The increased use of blow molding resins in various applications can be attributed to their high stiffness and Environmental Stress Cracking Resistance (ESCR), high load melt strength, and excellent rigidity.

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The packaging application segment of the blow molding resins market is projected to grow at the highest CAGR between 2017 and 2022

Based on the application, the blow molding resins market has been segmented into packaging, automotive & transportation, construction & infrastructure, and others. The packaging segment is projected to be fastest-growing application segment during the forecast period. The growth of the segment is attributed to the increasing use of blow molded products to package pharmaceutical, food & beverages, cosmetics, and industrial products, such as chemicals, acids, and lubricants.

Automotive & transportation is projected to be the second largest market for blow molding resins during the forecast period. High demand for blow molding resins to produce automobile parts, such as panes and railings, bumper supports, fenders, mudguards, door locking systems, consoles, garnish pillars, cockpit systems, and fuel tanks is expected to fuel the growth of the segment.

The Asia Pacific blow molding resins market is projected to grow at the highest CAGR during the forecast period

Based on region, the blow molding resins market has been segmented into Asia Pacific, North America, Europe, South America, and Middle East and Africa. The Asia Pacific blow molding resins market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific blow molding resins market can be attributed to the presence of the leading blow molding resins producers in the region. Moreover, the growing demand for blow molding resins in packaging applications, such as pharmaceutical and food & beverage products in countries, such as China, Japan, and India also contribute to the growth of the Asia Pacific blow molding resins market.

Exxon Mobil (US), LyondellBasell (Netherlands), DowDuPont (US), SABIC (Saudi Arabia), INEOS (Switzerland), Solvay (Belgium), Formosa Plastics (Taiwan), Chevron (US), Eastman (US), China Petroleum (China), and Reliance Industries (India), among others are the key players operating in the blow molding resins market.

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