Global Plastomers Market – High Acceptance for Flame-retardant Fillers is a Major Driver | Technavio

LONDON–(BUSINESS WIRE)–#Polymers–The global
plastomers market is expected to grow at a CAGR of close to 8%
during the period 2018-2022, according to a new market research study by Technavio.

The report presents a comprehensive research of the global plastomers
market by application, including food packaging films, polymer
modification, automotive, non-food packaging films, and wires and
cables. The report also determines the geographic breakdown of the
market in terms of detailed analysis and impact, which includes key
geographies such as APAC, the Americas, and EMEA.

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Market driver: high acceptance for flame-retardant fillers

Plastomers are known to have high acceptance for flame-retardant fillers
such as magnesium and aluminum hydroxides. Materials are added with
flame retardants to prevent and delay the further spreading of fire. The
high usage of carbon-based products that are inherently combustible in
nature has triggered the need for efficient flame-retardant materials.
Polymers such as polyamide inherently had flame retardant properties,
however, other materials require flame retardant fillers.

According to a senior analyst at Technavio for plastics,
polymers, and elastomers research, “Halogen-free flame
retardant compounds reduce the weight and the costs per volume. For
example, aluminum hydroxide costs less, is easily available, and
extensively used in many sectors. This has made the use of aluminum
hydroxide to be essential in the electrical and electronics,
construction, and transportation sectors.”

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Market trend: penetration of plastomers into newer sectors

Players in the global
plastomers market are focusing on expanding existing application
markets for plastomers. Plastomers offer unique benefits such as
scalability, flexibility, sturdiness, and electrical resistance which
can be incorporated into other untouched markets such as the
construction market. Some of the trending applications where plastomers
are being used are roof linings, side panels, roofing solutions, and
construction of emergency shelters. One of the players in the market
demonstrated a refugee shelter whose panels and roofs were made using
foamed plastomers.

Market challenge: high threat of substitutes

The high adoption of plastomers such as elastomers and other
high-performance polymers like styrene-butadiene copolymer (SBC) and PVC
will pose as a major challenge for the global
plastomers market. Just like plastomers, these materials are
also suitable for extrusion, injection molding, and thermoforming. In
terms of ease of processing, PVC is highly cost-effective and highly
versatile. However, due to stringent material requirements, it is not
preferred in the healthcare sector. SBC is used as substitutes for PVC
and plastomers in the healthcare sector.

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