Ionomers are synthetic polyelectrolytes. These are made up of a combination of electrically neutral and ionized groups. These groups are arranged in a random or structured way. Ionomers are chemically stable, transparent, easy to mold, strong and recyclable. These properties make Ionomers usage important in many end-user industries. They are generally thermoplastic resins and are moldable in injection molding machines.
The global ionomer resins market is projected to reach US$ 11,528.9 Th by 2031, growing at a CAGR of 5.5%
Ethylene Acrylic Acid-based resin is the most commonly used ionomer. Generally, it is used as an adhesive resin. These resins easily adhere to different and varied types of substrates. These substrates include metalized films, foils (like aluminum foils), steel, glass, and many polar substrates. EAA type of ionomers show excellent resistance to fluids like oils, acids, greases and also to physical damage like puncture, tear or abrasion. Companies like DowDuPont, Asahi Kasei, LyondellBasell, and others are competing in this market
Key Market Drivers and Restraints:
Growth in packaged food driving demand for Ionomers
Composite films, be it made up of metals or non-metals are in demand for food packaging and industry. There are many applications where such films are used. Ionomers are used in manufacturing these films. Increased demand for packaged, delivered and take-away food it is expected that ionomer resin demand will also increase. Ionomer resins show excellent resistance to oils, grease, acids, and physical damage. This helps in food packaging and hence Ionomers will find more applications in this sector. Also as ionomers are easy to mold and recycle it is a preferred resin for innovative packaging solutions. Ionomers currently face strong competition from competing resins and commodity plastic alternatives available.
Increase in packaged food consumption and need for cosmetic packaging is driving the growth
Innovative and recyclable packaging solutions is one of the key areas where Ionomers will find more applications. There are many applications of Ionomers for specialty packaging solutions. One of which is cosmetic and personal care products packaging. Cosmetics consumption is increasing and it needs safer cosmetic containers to be used in cosmetic packaging. The cosmetic container manufacturing is expected to provide high growth opportunity to ionomer resins. Injection molding technology is growing and is expected to support the growth in the Ionomers market. Cosmetic packaging is not a pack and throws packaging. The user uses the same packaging until the product is consumed completely and hence a packaging material that will help improve the lifespan of products is preferred. Ionomers provide a good resistance to external environmental damage and heat and hence are preferred in cosmetic packaging.
Regional Market Scenario:
Asia-Pacific to be the largest and fastest-growing market
Asia-Pacific is still the growth region for many technologies, services, and products. Food packaging, delivery and take-away are growing and trending in Asia pacific region. The average age of the population in countries like India, South East Asia, and their workplace culture has changed eating habits and patterns. People now prefer a quickly served or delivered food on their desks or at home to save time. A recent surge in food delivery apps and their business has proved this change in preferences. The Asia Pacific has the largest working population and hence better food packaging is required which is expected to drive demand for ionomer resins. Personal care product consumption is also increasing in the Asia Pacific due to improved lifestyle and increasing female work-force. This will help the consumption of ionomer based cosmetic packaging solutions. Overall amidst global growth forecasts being not so good Asia Pacific is still expected to perform above average.
Key Market Players
• Asahi Kasei
• Dongyue Group
• Entec Polymers
• Exxon Mobil
• KPL International
• Lyondell Basell
• TER HELL & Co. GmbH
ionomer resins market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||US$ 11,528.9 Th|
|Growth Rate||CAGR of 5.5 % during 2022-2031|
|Segment Covered||Resin, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||DuPont de Nemours Inc., SK Geo Centric, Honeywell International Inc., Exxon Mobil Corporation, Solvay SA, LyondellBasell Industries Holdings B.V., 3M Company, Brenntag SE|
Market Segments: Voice Analytics Market
• By Type
• Ethylene Acrylic Acid
• Polyvinyl Acetal
• Perfluorinated Sulfonic Acid
• By Application
• Food Packaging
• Personal Care Packaging
• Healthcare and Medical Packaging
• Golf balls
• By Region
• North America
• Asia Pacific
• The Middle East and Africa
• South Africa
• South America
• Industry Associations
• Patent Websites
• Company Annual Reports
• Company Websites
• Key industry leaders
• Technology consultants
• Polymer Databases
• Oil & gas journals
• Polymer manufacturers
• Polymer Associations
Key Questions Answered
• What are the key growth regions and countries?
• What are the important types and technologies being used?
• What are the market players doing, in terms of research and development?
• Which are the new applications for this market?
• What are the integrations happening?
• What is the recent news, developments, mergers, or large value deals?
• Where will the industry go in the long run?
• Technology providers
• Food technology suppliers
• Food packaging products manufacturers
• Personal care product manufacturers
• Medical and pharmaceutical packaging manufacturers
• Regulatory Authorities
• Research and Innovation Organizations
• Suppliers and Distributors
• Other Channel Partners
• Quality Control Organizations