APAC to Continue its Dominance in Global Polymers Market until 2025 - TechSci Research
According to TechSci Research report, “ Global Polymers Market By Type, By Product, By Application, By Region, Competition, Forecast & Opportunities, 2025 ” , the global polymers market is estimated to reach $ 546 billion in 2020. Nevertheless, the market is expected to witness a challenging scenario until the end of 2021 due to the impact of COVID-19. These polymers compounds are widely used in electronics and electrical sector and in light weight automotive parts. These polymer compounds reduce automobile weight by substantial amount, resulting in better fuel efficiency. These attributes are expected to boost the growth of global polymers market over the coming years. However, with declaring the COVID-19 outbreak a pandemic, an unparalleled global economic disruption is being witnessed. Packaging is integral to pharmaceuticals, FMCG, food and all the other segments that fall under the purview of essential services. The entire packaging industry which crea...