Methylpentene Copolymer Market - Size, Share Outlook, and Opportunity Analysis, 2018-2026
Methylpentene copolymer is a thermoplastic polymer. It shows properties such as transparency, low moisture absorption, high thermal stability, good electrical and acoustical properties, chemical resistance, good dielectric characteristics, and excellent optical properties. Copolymers of 4-methyl-1-pentene are commercially used, owing to its transparency and robust processing behavior. It is used in various applications such as laboratory apparatus, medical equipment, ovenware, wire and cable coating, sonar covers, ultrasonic transducer heads, speaker cones, optical components, baking cartons, animal cages, and heat resistant non-woven materials, among others. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1572 Methylpentene copolymer is a lightweight, high temperature polyolefin. It is available in the form of sheets, rods, tubes, and films. Rising applications of methylpentene copolymer in baking cartons, paper coatings, release film and paper, high-frequency films, and food packaging such as gas permeable packages for fruit and vegetables is driving growth of the global methylpentene copolymer market. According to the World Packaging Organization (WPO), packaging market is expected to be valued at US$ 1 trillion over the forecast period, which in turn will drive demand for methylpentene copolymer in the packaging industry. Demand for methylpentene copolymer in manufacturing of electrical components such as LED molds and components of various electric equipment such as coffee maker is increasing significantly. Furthermore, growing electronics sector in the region is expected to aid in growth of the market. According to the U.S. Census Bureau, annual U.S. retail sales of electronics and appliances in 2011 was US$ 99.93 billion, which increased to US$ 103.52 billion in 2014. This growth in the electronics industry is driving growth of the methylpentene copolymer market. The global methylpentene copolymer market was valued at US$ 392,943.9 thousands in 2017 and is expected to register a CAGR of 3.7% in terms of value, during the forecast period (2018 – 2025) to reach US$ 526,419.4 thousands by 2025.