The growth of the sea liner compounds market is being fuelled by the promotion of business similarities and the strengthening of international commerce. The composition of sea liner compounds is changing as a result of the thriving commerce, which is leading to the expansion of the shipping container film exchange. The use of shipping vessels is growing in coastal states because it is both cost-effective and comfortable.
Data Bridge Market Research analyses that the sea liner compounds market which was growing at a value of 13.67 billion in 2021 and is expected to reach the value of USD 24.20 billion by 2029, at a CAGR of 7.40% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Market Definition
A sea liner is a passenger ship that primarily transports passengers across seas or oceans. Ocean liners may also transport cargo or mail and are occasionally used for other purposes. Plastic compounds are widely used for electromagnetic shielding and antistatic applications in the electronic and electrical industries. They are also replacing metal components in the automotive industry. This has improved car safety by reducing the total weight of the vehicle. Plastic compounding has also reduced carbon emissions and improved fuel efficiency and vehicle performance in the automotive industry.
Competitive Landscape and Sea Liner Compounds Market Share Analysis
The sea liner compounds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sea liner compounds market.
Some of the major players operating in the sea liner compounds market are:
- DuPont (U.S.)
- BASF SE ((Germany)
- Dow (U.S.)
- Arkema (France)
- KURARAY CO., LTD. (Japan)
- Adell Plastic Inc. (U.S.)
- Asahi Kasei Corporation (Japan)
- RTP Company (U.S.)
- LyondellBasell Industries Holdings B.V (U.K.)
- KRATON CORPORATION. (U.S.)
- PolyVisions (U.S.)
- Akro-Plastic GmbH (Germany)
- Aurora Plastics LLC (U.S.)
- Exxon Mobil Corporation (U.S.)
- DSM (Netherlands)
- SABIC (Saudi Arabia)
- Sojitz Corporation (Japan)
- Celanese Corporation (U.S.)
- HEXPOL AB (Sweden)
- Covestro AG (Germany)
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Global Sea Liner Compounds Market Scope
The sea liner compounds market is segmented on the basis of product and end user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Polyethylene
- Polypropylene (PP)
- Thermoplastic Vulcanizates (TPV)
- Thermoplastic Polyolefins (TPO)
- Poly Vinyl Chloride (PVC)
- Polystyrene
- Polyethylene (PET)
- Polybutylene Terephthalate (PBT)
- Polyamide
- Polycarbonate
- Acrylonitrile Butadiene Styrene (ABS)
- Others
End User Industry
- Automotive
- Building Construction
- Electrical Electronics
- Packaging
- Consumer Goods
- Industrial Machinery
- Medical Devices
- Optical Media
Global Sea Liner Compounds Market Dynamics
Drivers
- Growing utilisation of shipping vessels
The use of shipping vessels is growing in coastal states because it is both cost-effective and comfortable. The use of transport vessels in the architecture industry is increasing market saturation. Consistent research and development in waterborne freighting container layers have inflated the market for environmentally friendly transportation vessel films. Various amounts of steel alter the sea liner compounds business, causing a dent in the market.
- High prominence of plastic compounding
Regulatory intervention by governments around the world to reduce gross vehicle weight and improve fuel efficiency, thereby lowering carbon emissions, has prompted automotive OEMs and spare parts manufacturers to use plastics as a substitute for metals such as steel and aluminium in the fabrication of automotive components. Plastic compounding is expected to gain prominence as the demand for thermoplastics and thermosets in automotive component fabrication grows, owing to increasing quality and material specification requirements from automotive OEMs. Aside from these applications, various compounded plastics such as PVC are commonly used to insulate electrical wiring, while thermosets are commonly used to withstand high temperatures and heat in switches, light fittings, and handles.
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Opportunities
- Rising trend of bio-based products
Plastics made from bio-based polymers contribute to more sustainable commercial plastic life cycles as part of a circular economy in which virgin polymers are made from renewable or recycled raw materials. These plastics are made with carbon-neutral energy and are reused or recycled when they reach the end of their useful life (EOL). Bio-based plastics have a lower carbon footprint and better material properties than fossil-based plastic compounds. Furthermore, they are compatible with existing recycling streams, some even provide biodegradation in controlled or predictable environments.
Sea Liner Compounds Market Regional Analysis/Insights
The sea liner compounds market is analysed and market size insights and trends are provided by country product and end user industry as referenced above.
The countries covered in the sea liner compounds market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC) region's composition is expected to grow rapidly due to factors such as lower raw material prices, limited rigorous environmental systems, and others.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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