Amorphous Polyalphaolefin Market Volume Forecast and Value Chain Analysis 2023

January 14, 2020
Pratiksham

Amorphous polyalphaolefin is gaining increased traction in industries as demand for UV resistant, and chemically inert polymer continues to rise across a wide range of spectrum. The growing demand for safety from consumers and industrial applications of polymers rise, the amorphous polyalphaolefin market is expected to register significant growth. The market is likely to register 6.2% CAGR over 2015-2024 as new applications consisting of amorphous polulpholefin derivates continue to open new horizons. The amorphous polupholefin derivates is likely to reach US$0.32 bn by the end of 2023.

Amorphous polyalphaolefin or APAO as it is commonly known by is a thermoplastic polymer. It is ideal for industry wide use due to its corrosion resistance, resistance to UV rays, and moisture, and chemical inertness. Moreover, qualities like corrosion resistance are essential in manufacturing to improve the quality of finishing products, and its durable consumer use. Moreover, the chemical inertness is ideal for filling it with a wide range of mixes for various different manufacturing requirements. Rising awareness about radiation, and its aftermath are also expected to drive significant demand for its UV protection abilities. This resistance is expected to drive significant growth for the amorphous polyalphaolefin market as UV radiation is a leading cause of cancer, which is largest among all chronic illnesses on the rise. Additionally, growing awareness about the radiation and safekeeping measures by entities like FDA are expected to drive tremendous growth for derivatives of APAO in the near future.

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The information presented in this review is based on a TMR report, titled “Amorphous Polyalphaolefin (APAO) for Hot Melt (Product – Homopolymers and Copolymers; Application- Paper & Packaging, Personal Hygiene, Bookbinding, Woodworking, Product Assembly, Textiles, Footwear, Electronics, Asphalt Modifiers, and Wires and Cables)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

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