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Global Polynorbornene Market Insight2022-01-12 Comments
The Polynorbornene is forecast to steady growth over the next four years. According to the WK-chem Research “Global Polynorbornene Professional Survey Report 2022, Forecast to 2027”, With development of chemical industry and improvement of technical level,the Polynorbornene industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.22% base on WK-chem Research regression analysis model.
“The automotive and construction industries will further drive the growth of the Polynorbornene market.“said Jimmy Joy, Senior analyst, Chemicals & Materials Market Research Center in WK-chem Research.
As the automotive industry develops, there is an increased demand for polynorbornene, an elastomer made from polynorbornene, which has good heat resistance to improve the grip of racing tires and drivetrains, bumpers and door sealants , ozone and weather resistance, including excellent noise and vibration damping properties, making it a suitable compound for the manufacture of automotive parts such as bumpers, door seals and drive belts, as well as for improving the grip of racing tires. This is a major factor driving the market, owing to its properties such as fast curing, high tensile strength, high abrasion and weather resistance, which are widely used in several vertical industries such as automotive, electrical and electronics, and building and construction.
Volatility in raw material prices is expected to hamper the global Polynorbornene market.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Polynorbornene companies that include Promerus，Dexine Rubber，Topas，Startech，Techmould and others.
Segmentation of Polynorbornene Market:
According to the type, the market for Polynorbornene is divided into Industrial and Aroma.Industrial occupies a dominant position in this segment, and under the influence of industrial development, the market is propelled.According to application, the Polynorbornene market is divided into Automotive，Construction，Electrical & Electronics，Fragrance and others.Elastomers made from polynorbornene have good heat, ozone and weather resistance, including excellent noise and vibration damping properties, making them ideal for manufacturing automotive parts such as bumpers, door seals and drive belts, as well as The right compound to improve the grip of racing tires.
Polynorbornene Market: Regional Analysis
In terms of geography, the global Polynorbornene market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.North America is currently the leading regional market for Polynorbornene due to the rapid industrialization of the region is accompanied by an increasing demand for commercial heavy-duty vehicles.The Asia Pacific market is expected to grow with the highest CAGR.Due to rising population in the region and increasing demand for automobiles are propelling the market.
Largest share area：North America
Largest share country：the Unite States