Amorphous polyalphaolefin market has significant growth scope and is estimated to reach USD 658 million by 2025. The reports forecast the amorphous polyalphaolefin market by type, application, and region. It highlights COVID-19 impact on the amorphous polyalphaolefin industry.

Description 

Amorphous Polyalphaolefin Market by Type (Homopolymers and Copolymers), by Application (Paper & Packaging, Buildings & Construction, Automotive, Bookbinding, Woodworking, and Others), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

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The amorphous polyalphaolefin market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the amorphous polyalphaolefin industry aspects.

Amorphous Polyalphaolefin Market Introduction

The amorphous polyalphaolefin market size is USD 428 million in 2019 and expected to register a CAGR of 6.4% during the forecast period (2020-2025). The growing demand for anti-corrosion and safety from UV radiation is expected to offer opportunistic growth to the amorphous polyalphaolefin market over the forecast period. Moreover, the horizon trends, such as smart vehicles, are further expected to drive growth for the amorphous polyalphaolefin market in the near future.

Factors Affecting the APAO Industry Over the Forecast Period

• An increase in awareness among people regarding UV radiation, which is one of the factors that lead to chronic diseases, such as cancer, drives the amorphous polyalphaolefin industry, which acts as a resistive agent and protects APAO-based end-use products from UV radiation.
• The automobile sector is considered an emerging sector in which the amorphous polyalphaolefin market plays a vital role in manufacturing strong metal body cars, which has APAO and adhesives that bind automotive equipment together.
• APAO can be hazardous if not disposed of properly by industries, resulting in pollution of the environment, limiting its adoption rate in the global market.
• The major restraining factor is the fluctuating price of the required raw materials, which may significantly affect the forecast period's market supply.

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Impact of COVID-19 on Amorphous Polyalphaolefin Market:

The amorphous polyalphaolefin market had a considerable impact on the COVID-19 outbreak. Due to the pandemic, the Government and other local authorities have imposed complete lockdown in severely affected areas, which resulted in no workforce in the manufacturing industry lead to disruption in demand and supply channels. On the other half of the lockdown, advancements in technology in different sectors, such as the automobile industry and construction industry, demand more amorphous polyalphaolefin for safety purposes, leading to market growth. 

Amorphous Polyalphaolefin Market: Scope of the Report

The report outlines the global amorphous polyalphaolefin (APAO) market study based on type and application.

Based on the type, the amorphous polyalphaolefin market has been segmented into –

• Homopolymers
• Copolymers

Based on the application, the amorphous polyalphaolefin market has been segmented into –

• Paper & Packaging
• Building & Construction
• Bookbinding
• Woodworking
• Automotive 
• Others (Personal Hygiene)

Amorphous Polyalphaolefin Market: Regional Outlook

Based on the region, the global amorphous polyalphaolefin market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2019, North America held the largest share of the total global amorphous polyalphaolefin market, followed by Europe and the Asia Pacific. Moreover, Asia Pacific is expected to project the highest CAGR globally over the forecast period.

Key Global Amorphous Polyalphaolefin Market Competitors Includes –

The global amorphous polyalphaolefin market is highly fragmented, with the presence of a large number of small players across the globe. The vital amorphous polyalphaolefin industry operating in the global market are-

• Eastman Chemical Company
• Huntsman Corporation
• B. Fuller Company
• Henkel AG & Company KGaA (Henkel)
• Bostik S.A.
• Evonik Industries AG

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