How Methylpentene Copolymer Market Will Dominate In Coming Years? Key Players: Mitsui & Co., Ltd and RTP Company Inc.

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.

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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.

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.

Asia Pacific held dominant position in the global methylpentene copolymer in 2017 and is expected to maintain its dominance throughout the forecast period. China, India, Japan, and South Korea are the major growth engines in this region. Moreover, presence of major players in this region such as Mitsui & Co., Ltd. and their initiatives to enhance their business is also expected to positively aid in growth of the market.

Rising environmental concerns is a major factor hampering growth of this market. Methylpentene copolymer (TPX) is considered eco-friendly, as it is halogen-free. However, any type of plastic in landfills takes several years to decompose and this leads to environmental pollution.

Major players operating in the global methylpentene copolymer market include Mitsui & Co., Ltd and RTP Company Inc.

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