North America Linear Polymers Market Size, Share & Industry Trends Analysis Report By Manufacturing Process, By Type (Polyethylene, Polyamides, Polystyrene, Polyvinyl Chloride (PVC), and Others), By End User, By Country and Growth Forecast, 2023 - 2030
The North America Linear Polymers Market would witness market growth of 3.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 44,933.8 Kilo Tonnes, showcasing a growth of 2.6% (2019-2022).
These polymers consist of prolonged chains of repeating units, characterized by a linear or unbranched structure, where the polymer chains are formed by linking monomer units together through chemical bonds. These monomer units are repeated linearly, resulting in a straight or slightly curved chain-like structure. The growth of these end-use industries, driven by population growth, urbanization, rise in disposable income, and technological advancements, contributes to a surge in demand for linear polymers. These polymers offer strength, flexibility, chemical resistance, thermal stability, and processability, making them suitable for a wide range of applications.
One of the primary factors influencing the behavior of these polymers is their molecular weight. As the length of the polymer chain grows, so does its molecular weight. Higher molecular weights often improve mechanical properties, such as increased tensile strength and toughness. However, processing and handling become more challenging with larger molecular weights, necessitating a balance based on the intended application. They exhibit a straightforward, unbranched structure, allowing for a more organized and predictable packing of chains. This linear arrangement imparts specific properties, including good solubility, clarity, and ease of processing during manufacturing.
According to Select USA, in 2020, US light vehicle sales were 14.5 million units. The US is the world's second-largest vehicle sales and production market. Autos Drive America declares that international automakers produced 5 million vehicles in the US in 2020. The automotive industry has been increasingly focused on lightweight to improve fuel efficiency and reduce emissions. These polymers, known for their lightweight properties, are used in various components to help achieve these goals without compromising strength and safety. The above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Linear Polymers Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $67,020.9 million by 2030. The Canada market is experiencing a CAGR of 5.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4.8% during (2023 - 2030).
Based on Manufacturing Process, the market is segmented into Addition Polymerization, Ring-Opening Polymerization, Emulsion Polymerization, and Condensation Polymerization. Based on Type, the market is segmented into Polyethylene, Polyamides, Polystyrene, Polyvinyl Chloride (PVC), and Others. Based on End User, the market is segmented into Packaging, Electronics, Automotive, Construction, Healthcare, Agriculture, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Chevron Phillips Chemical Company LLC, Exxon Mobil Corporation, Formosa Plastics Group, INEOS Group Holdings S.A., LG Chem Ltd. (LG Corporation), LyondellBasell Industries Holdings B.V., SABIC (Saudi Arabian Oil Company), The Dow Chemical Company and Total Energy Services Inc.
Scope of the Study
Market Segments covered in the Report:
By Manufacturing Process
- Addition Polymerization
- Ring-Opening Polymerization
- Emulsion Polymerization
- Condensation Polymerization
- Polyethylene
- Polyamides
- Polystyrene
- Polyvinyl Chloride (PVC)
- Others
- Packaging
- Electronics
- Automotive
- Construction
- Healthcare
- Agriculture
- Others
- US
- Canada
- Mexico
- Rest of North America
- BASF SE
- Chevron Phillips Chemical Company LLC
- Exxon Mobil Corporation
- Formosa Plastics Group
- INEOS Group Holdings S.A.
- LG Chem Ltd. (LG Corporation)
- LyondellBasell Industries Holdings B.V.
- SABIC (Saudi Arabian Oil Company)
- The Dow Chemical Company
- Total Energy Services Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Linear Polymers Market, by Manufacturing Process
- 1.4.2 North America Linear Polymers Market, by Type
- 1.4.3 North America Linear Polymers Market, by End User
- 1.4.4 North America Linear Polymers Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market At a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Strategies Deployed in Linear Polymers Market
- Chapter 5. North America Linear Polymers Market by Manufacturing Process
- 5.1 North America Addition Polymerization Market by Country
- 5.2 North America Ring-Opening Polymerization Market by Country
- 5.3 North America Emulsion Polymerization Market by Country
- 5.4 North America Condensation Polymerization Market by Country
- Chapter 6. North America Linear Polymers Market by Type
- 6.1 North America Polyethylene Market by Country
- 6.2 North America Polyamides Market by Country
- 6.3 North America Polystyrene Market by Country
- 6.4 North America Polyvinyl Chloride (PVC) Market by Country
- 6.5 North America Others Market by Country
- Chapter 7. North America Linear Polymers Market by End User
- 7.1 North America Packaging Market by Country
- 7.2 North America Electronics Market by Country
- 7.3 North America Automotive Market by Country
- 7.4 North America Construction Market by Country
- 7.5 North America Healthcare Market by Country
- 7.6 North America Agriculture Market by Country
- 7.7 North America Others Market by Country
- Chapter 8. North America Linear Polymers Market by Country
- 8.1 US Linear Polymers Market
- 8.1.1 US Linear Polymers Market by Manufacturing Process
- 8.1.2 US Linear Polymers Market by Type
- 8.1.3 US Linear Polymers Market by End User
- 8.2 Canada Linear Polymers Market
- 8.2.1 Canada Linear Polymers Market by Manufacturing Process
- 8.2.2 Canada Linear Polymers Market by Type
- 8.2.3 Canada Linear Polymers Market by End User
- 8.3 Mexico Linear Polymers Market
- 8.3.1 Mexico Linear Polymers Market by Manufacturing Process
- 8.3.2 Mexico Linear Polymers Market by Type
- 8.3.3 Mexico Linear Polymers Market by End User
- 8.4 Rest of North America Linear Polymers Market
- 8.4.1 Rest of North America Linear Polymers Market by Manufacturing Process
- 8.4.2 Rest of North America Linear Polymers Market by Type
- 8.4.3 Rest of North America Linear Polymers Market by End User
- Chapter 9. Company Profiles
- 9.1 BASF SE
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 SWOT Analysis
- 9.2 Chevron Phillips Chemical Company LLC
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Recent strategies and developments:
- 9.2.3.1 Acquisition and Mergers:
- 9.2.4 SWOT Analysis
- 9.3 Exxon Mobil Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 Formosa Plastics Group
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 SWOT Analysis
- 9.5 INEOS Group Holdings S.A.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 SWOT Analysis
- 9.6 LG Chem Ltd. (LG Corporation)
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 SWOT Analysis
- 9.7 LyondellBasell Industries Holdings B.V.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.6 SWOT Analysis
- 9.8 SABIC (Saudi Arabian Oil Company)
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Recent strategies and developments:
- 9.8.4.1 Partnerships, Collaborations, and Agreements:
- 9.8.5 SWOT Analysis
- 9.9 The Dow Chemical Company
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Partnerships, Collaborations, and Agreements:
- 9.9.5.2 Product Launches and Product Expansions:
- 9.9.6 SWOT Analysis
- 9.10. Total Energy Services Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental Analysis
- 9.10.4 SWOT Analysis
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