Hybrid Polymer Market Size - By Product (Coating, Sealant & Adhesive, Concrete Additive, Electrode Material, Cleaning Solutions), By Application (Construction, Automotive & Transportation, Electrical & Electronic, Oil & Gas, Water Treatment), Type and Forecast, 2022 - 2030

Industry Overview

Hybrid Polymer Market size was valued at over USD 7 billion in 2021. Due to the rising demand for sustainable adhesives, the industry is slated to exhibit a CAGR of over 5% from 2022 to 2030.
 

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Adhesive and sealant manufacturers have been emphasizing different aspects of sustainable manufacturing through the usage of eco-friendly solutions with low VOC content. Local governing authorities, including the U.S. EPA (Environmental Protection Agency) and LEED (Leadership in Energy and Environmental Design), have also set stringent emission standards. Since low-VOC base resins with well-balanced properties such as durability are utilized for producing hybrid polymer sealants and adhesives, the robust demand for green solutions across varied industry verticals will bolster industry demand.
 

In the food and beverages industry, hybrid polymer coatings are being used to improve the shelf life of bio-based biopolymer packaging films. The rising preference for renewably sourced and organic food packaging solutions for prolonged preservation has boosted the demand for bio-based polymer films. These factors, alongside the commendable growth of the food and beverages sector, will further generate lucrative opportunities for business expansion over the estimated timeline.
 

Fluctuation in raw material prices to impede industry statistics

Despite the positive business environment, fluctuating raw material prices may create a hindrance to market expansion over the years ahead. This price fluctuation has created challenges in the process of forecasting and budgeting, putting pressure on margins and the maintenance of competitive price points. In addition, it has impacted the process of determining skill requirements, wages, and sizes of the workforce for manufacturers, hampering industry development.
 

Hybrid polymer sealants and adhesives to gain popularity for construction applications

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In terms of product, the hybrid polymer market is categorized into cleaning solutions, electrode material, sealant & adhesive, coating, concrete additive, and others. The sealant & adhesive segment is anticipated to register a revenue of over USD 7 billion by 2030, owing to the rapid expansion of the building and construction industry. Hybrid polymer adhesives and sealants are used for flooring, insulation, waterproofing, window and door frame, and wall covering applications. Key product attributes, including high compatibility with paints, low VOC content, and bonding ability with varied substrates, will also drive segmental growth.
 

Corrosion-resistant properties to drive product demand from the automotive and transportation segment

With respect to application, the hybrid polymer market is bifurcated into automotive & transportation, construction, water treatment, oil & gas, electrical and electronic, and others. The automotive & transportation segment among these is poised to depict a CAGR of more than 5% through 2030, driven by unique features of hybrid polymers, such as weathering and corrosion resistance. In the auto industry, the product is used in bonding components, vehicle interiors, and exterior coating applications. The rise in auto production will therefore bolster product demand from the automotive and transportation segment.
 

Non-biodegradable hybrid polymer business to gain traction

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Based on type, the hybrid polymer market is divided into non-biodegradable and biodegradable segments. The non-biodegradable segment is expected to be valued at over USD 11 billion by 2030. Over the years, varied epoxy- and cyanoacrylate-based adhesives have been introduced. For example, Henkel unveiled adhesives based on cyanoacrylate and epoxy technologies, which combined the critical attributes of instant, structural, and epoxy adhesives, such as speed, bond strength, and durability. Non-biodegradable hybrid polymers possess the properties of the resins used in manufacturing them, which may increase segmental demand considerably.
 

APAC to become a major hub for hybrid polymer manufacturers

From a regional frame of reference, the Asia Pacific hybrid polymer industry is slated to exhibit a CAGR of 6% through 2030, driven by the robust product demand from water treatment, automotive, and construction industries in countries such as China and India. The rate of vehicle production and sales has also observed an upsurge over recent years, driving up demand for hybrid polymer sealants and adhesives that possess superior durability, adhesion, temperature- and chemical resistance, and other properties. Moreover, the expansion of public transport and commercial building infrastructures is another prominent trend fostering regional market development.
 

Mergers and acquisitions to remain a key growth strategy

Bostik (Arkema Group), Novachem Corporation Ltd., Evonik Group, Stahl, WACKER, Kaneka, AGC Inc., 3M, Henkel AG & Co. Kgaa, MAPEI S.p.A, and The Sherwin-Williams Company are some of the key hybrid polymer industry participants. These companies are focusing on merger and acquisition strategies to retain their foothold in the market. For instance, in July 2022, Arkema announced a takeover of the business of Polimeros Especiales, an emulsion resin producer. The acquisition was intended to facilitate the development of innovative water-based solutions for sustainable resin offerings, enabling the company to boost its presence in the U.S. hybrid polymer market.
 

Impact of COVID-19 on the Hybrid Polymer Industry Trends

The COVID-19 outbreak has created a profound impact on retailers due to supply chain disruptions worldwide. However, the pandemic is projected to have a long-lasting impact on the packaging sector as e-commerce continues to boom and sustainability becomes the norm. With the increasing shift towards sustainability in retail and e-commerce spaces, the use of biodegradable hybrid polymer will rise, thus creating a strong outlook for the global market.
 

The hybrid polymer market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2018 to 2030 for the following segments:

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By Product

• Coating
  • Food packaging
  • Medical packaging
  • Personal care packaging
  • Construction
  • Automotive
• Sealant & Adhesive
• Electrode material
• Concrete Additive
• Cleaning Solutions

By Application

• Construction
• Electrical & Electronic
• Automotive & Transportation
• Medical Packaging
• Personal care packaging
• Oil & Gas
• Water treatment
• Food Packaging
• Others

By Type

• Biodegradable
• Non-Biodegradable

By Region

• North America
  • Canada
  • U.S.
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
• Asia Pacific
  • China
  • South Korea
  • India
  • Japan
  • Australia
• Australia
  • Mexico
  • Brazil
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE