METHYLPENTENE COPOLYMER MARKET ANALYSIS

Methylpentene copolymer is a thermoplastic polymer. It shows properties such as transparency, low moisture absorption, high thermal stability, good electrical and acoustical properties, chemical resistance, good dielectric characteristics, and excellent optical properties. Copolymers of 4-methyl-1-pentene are commercially used, owing to its transparency and robust processing behavior. It is used in various applications such as laboratory apparatus, medical equipment, ovenware, wire and cable coating, sonar covers, ultrasonic transducer heads, speaker cones, optical components, baking cartons, animal cages, and heat resistant non-woven materials, among others.

Global methylpentene copolymer market was valued at US$ 350.00 Million in 2021 in terms of revenue, exhibiting a CAGR of 4.67 % during the forecast period (2022 to 2030).

Drivers

Methylpentene copolymer is a lightweight, high temperature polyolefin. It is available in the form of sheets, rods, tubes, and films. Rising applications of methylpentene copolymer in baking cartons, paper coatings, release film and paper, high-frequency films, and food packaging such as gas permeable packages for fruit and vegetables is driving growth of the global methylpentene copolymer market. According to the World Packaging Organization (WPO), packaging market is expected to be valued at US$ 1 trillion over the forecast period, which in turn will drive demand for methylpentene copolymer in the packaging industry.

Methylpentene Copolymer Market have been tracking the direct impact of COVID-19 on this market, as well as the indirect impact from other industries. This report analyzes the impact of the pandemic on the Methylpentene Copolymer market from a Global and Regional perspective. The report outlines the market size, market characteristics, and market growth for Methylpentene Copolymer industry, categorized by type, application, and consumer sector. In addition, it provides a comprehensive analysis of aspects involved in market development before and after the Covid-19 pandemic. Report also conducted a PESTEL analysis in the industry to study key influencers and barriers to entry.

 Figure 1. Global Methylpentene Copolymer Market Value Share (%), By Region, 2021

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Market Restraints

Demand for methylpentene copolymer in manufacturing of electrical components such as LED molds and components of various electric equipment such as coffee maker is increasing significantly. Furthermore, growing electronics sector in the region is expected to aid in growth of the market

Market Trends

• Significant players in the global methylpentene copolymer market are Mitsui, RTP Company, Westlake plastics company Inc., Honeywell International Inc., Goodfellow Inc., Saint Gobain Norton, Merck KGaA, and others.
• Product launches, partnerships, and expansions are some of the strategies adopted by players to increase their market share.

Figure 2. Global Methylpentene Copolymer Market value Share (%), By End-use Industry, 2021

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Recent Developments

• In March 2018, RTP Company one of the leading manufacturers of engineering thermoplastics is expanded into Poland to provide a consistent supply of their products to customers operating in Europe.
• On Nov 22, 2022,New Jersey, United States: This influential Methylpentene Copolymer Market report is a wonderful guide to achieve information or key data about market, emerging trends, product usage, motivating factors for customers, competitor strategies, brand positioning, customer preferences, and customer behaviour.

Competitive Section

Major players operating in the global methylpentene copolymer market include Mitsui & Co., Ltd and RTP Company Inc.