Hybrid Polymer Market Size

Hybrid Polymer Market Size

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.