In a recent published report, Kenneth Research has updated the market report for Electronic Polymers Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Electronic Polymers Market products.
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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.
Electronic Polymers Market – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2023
The increase in the demand from various applications, such as healthcare devices and packaging & labeling among many others, is fostering the global electronic polymers market growth. The companies are focusing on investing in R&D activities to improvise and also develop new products for various application areas.
Research Methodology
The electronic polymers market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:
Key Market Insights
The increasing demand from electronics, healthcare, automotive, and packaging sectors is leading the global electronic polymers market toward growth. The increased per capita income owing to the changes in the economy has improved the purchasing ability of customers, encouraging them to spend more on healthcare, packaging, and electronics.
The increased awareness about the importance of healthcare has made a positive impact on the market. Customers are willing to spend, enabling healthcare providers to make use of the latest technologies and thereby helping the overall electronic polymers market to grow.
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Asia Pacific is dominant in the global electronic polymers market owing to factors such as growing population, booming economy, and increasing investments, which are leading to increased consumption. The continuous effort of the manufacturers to innovate and introduce more effective and efficient products is fuelling the R&D efforts. The manufacturer has to keep innovating and upgrading to hold the place in the competitive market. Few of the prominent companies operating in the global electronic polymers market include BASF, DowDuPont, Covestro, AU Optronics Corp., and Merck. Few of the major customers include Jinko Solar, LG Display, Samsung, 3M, and GENERAL ELECTRIC.
Types:
o Electroactive Polymers
o Magnetic Polymers
o Other Polymers
Applications:
o Electrical & Electronics
o Packaging & Labeling
o Healthcare Devices
o Automotive
o Others
Geography:
o Asia Pacific
o North America
o Europe
o Rest of the World
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