Hybrid Polymer Market Analysis

Hybrid Polymer Market Analysis

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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.
 

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.
 

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.
 

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.