Global Ionomer market will reach 760 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2018/11/29

An ionomer is a polymer that comprises repeat units of both electrically neutral repeating units and a fraction of ionized units (usually no more than 15 mole percent) covalently bonded to the polymer backbone as pendant group moieties. This means that most ionomers are copolymers of the neutral segments and the ionized units, which usually consist of carboxylic acid groups. The classification of a polymer as an ionomer depends on the level of substitution of ionic groups as well as how the ionic groups are incorporated into the polymer structure.

Ionomers have unique physical properties including electrical conductivity and viscosity—increase in ionomer solution viscosity with increasing temperatures. Ionomers also have unique morphological properties as the non-polar polymer backbone is energetically incompatible with the polar ionic groups. As a result, the ionic groups will microphase separate into ionic-rich domains in most ionomers.

The global Ionomer industry has a rather high concentration. The major manufacturers are concentrated in China, North America, Europe and Japan, such as DuPont, Dow (SK), Honeywell, Asahi Kasei and Exxon Chemical Company. At present, DuPont is the world leader, holding 37.64% production market share in 2017.

The global consumption of Ionomer increases from 18670 MT in 2013 to 26563 MT in 2017. In 2017, the global Ionomer consumption market is led by USA and USA is the largest region consumption market, accounting for about 32.73% of global consumption of Ionomer.

Ionomer downstream is wide and recently Ionomer has acquired increasing significance in various fields of Golf Ball Covers, Food Packaging, Cosmetics and Medical Device Packaging and others. Globally, the Ionomer market is mainly driven by growing demand for Food Packaging and Cosmetics and Medical Device Packaging. They accounts for nearly 63.99% of total downstream consumption of Ionomer in global.

The global Ionomer market is valued at 360 million US$ in 2017 and will reach 760 million US$ by the end of 2025, growing at a CAGR of 9.8% during 2018-2025.

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