Global Amorphous Polyalphaolefin Market Size, Trends, & Growth Opportunity, By Type (Homo-Polymer and Co-Polymer), By Method (Spraying, Pumping, Roll Coating, Slot Die Coating, and Extrusion), and Large Enterprises By End User (Paper & Packaging, Personal Hygiene, Book Binding, Wood Working, Product Assembly, and Others), Regional Outlook, Competitive Market Share, & Forecast till 2022–2027
Global Amorphous Polyalphaolefin Market
Global Amorphous Polyalphaolefin Market was valued at USD 376.9 million in 2021 and is expected to reach USD 646.5 million by 2027, at a CAGR of 9.35% from 2022 to 2027.
Amorphous Polyalphaolefin (APAO); also known as atactic poly alpha olefin is a commodity chemical used in various applications. They are synthesised by a catalyst system based on a Z-N-supported catalyst and an alkyl aluminium co-catalyst. The polymerization process produces mostly amorphous polymers with low or no crystallinity. Crystallinity depends on the catalyst system and on the use of co-monomers.
Market Drivers
Rising demand for amorphous Polyalphaolefin in the packaging sector is the key driving factor which is expected to boost the global amorphous Polyalphaolefin market growth in future. Also, rising demand for personal hygiene products will have a positive impact on market growth. Moreover, growing demand for lightweight vehicles and increasing pollution will lead to stringent policies which create demand for low-emission automobiles which is expected to drive the market growth in the forecast years 2027.
Market Restraints
Somehow, fluctuation in feedstock prices and high cost is the major challenging factor which is expected to hamper the global amorphous Polyalphaolefin market growth.
Market Segmentation
The Global Amorphous Polyalphaolefin Market is segmented into type, method, end user, and region. Based on type, the co-polymer segment accounted for the largest share in the year 2021, contributing more than half of the total share, and is expected to maintain its lead position throughout the forecast period.
Regional Analysis
Global Amorphous Polyalphaolefin Market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The North American region has emerged as the largest market in the Amorphous Polyalphaolefin (APAO) Market with the largest revenue share in 2021. Revenue growth in the North American region is mainly attributed to shale gas revolution in the USA, which has resulted in an abundant supply of raw materials. Thus, North America has been dominating the amorphous polyalphaolefin market.
Key Players
Various key players are discussed in the Global Amorphous Polyalphaolefin Market Report, including: Henkel KG, Eastman Chemical Company, REXtac, Bostik, H.B. Fuller, MENAKON, Evonik Industries, Liaoyang Liaohua Qida Chemicals, Arkema, A S Harrison & Co. Pty Limited, Soltex, and Others.
Market Taxonomy
By Types
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