Singapore Polymers Market (2024-2030) | Outlook, Industry, Value, Size, Forecast, Growth, Trends, Analysis, Revenue, Share & Companies

Market Forecast By Type (Thermoplastics, Thermosets, Elastomers), By Product (Polyethylene, Polyvinyl Chloride, Polypropylene, Polystyrene, Polyamide, Polyurethane, Polyacrylamide), By Application (Packaging, Electronics, Food, Petrochemicals, Healthcare, Building & Construction, Electronics & Communication, Transportation) And Competitive Landscape
Product Code: ETC040868 Publication Date: Jul 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore Polymers Market Competition 2023

Singapore Polymers market currently, in 2023, has witnessed an HHI of 1206, Which has decreased slightly as compared to the HHI of 2699 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Singapore Export Potential Assessment For Polymers Market (Values in USD Thousand)


Singapore Polymers Market Synopsis

The Singapore polymers market has been growing at a steady rate in recent years due to increasing demand from various end-user industries, such as automotive, construction, packaging, consumer goods and electronics. With the rising standards of living in the country and development of infrastructure projects like Changi Airport Expansion project and new LRT lines, there is an increased demand for plastic materials that are used for construction purposes. In addition to this, Singapore is also a regional hub for several MNCs which makes it an attractive destination for production facilities which use polymers as raw material.

Market Drivers

Some of the major driving factors behind growth in the Singapore polymer market include rising demand from end user industries like automotive & transportation, consumer goods & electronics ETC, technological advancements leading to innovative applications with better performance properties and cost savings compared to traditional materials; favourable government policies encouraging investments in R&D activities; availability of feedstock (petrochemicals) at competitive prices; presence of skilled workforce; strategic location providing access to global markets ;and robust infrastructure making logistics hassle free.

Market challenges

There are certain challenges faced by manufacturers operating within the industry such as high energy costs due to dependence on imported natural gas or crude oil resulting into higher manufacturing costs thus impacting profit margins, stringent environmental regulations causing additional compliance costs, intense competition from low cost countries like China.

Key players

Some key players operating within Singapore Polymer Market include ExxonMobil, Shell Chemicals Asia Pacific Pte Ltd, Borealis AG, Sumitomo Chemical (Singapore) Pte ltd ; LG Chem Ltd ; Dow chemical company ; Eastman chemical company ETC

Covid-19 Impact

The Covid 19 pandemic has had a significant impact on all sectors including Polymer industry too. The lockdowns imposed have led to drops in demand across numerous applications leading reduced consumption volumes with many productions sites temporarily shutdown / suspended operations.This resulted into lower revenues, shrinking profits and increase pressure on cash flow management.There were delay shipments due logistical issues caused by restrictions placed during travel bans implemented world over further creating supply chain hiccups.ETC

Key Highlights of the Report:

  • Singapore Polymers Market Outlook
  • Market Size of Singapore Polymers Market, 2023
  • Forecast of Singapore Polymers Market, 2030
  • Historical Data and Forecast of Singapore Polymers Revenues & Volume for the Period 2020-2030
  • Singapore Polymers Market Trend Evolution
  • Singapore Polymers Market Drivers and Challenges
  • Singapore Polymers Price Trends
  • Singapore Polymers Porter's Five Forces
  • Singapore Polymers Industry Life Cycle
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Thermoplastics for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Thermosets for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Elastomers for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Product for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Polyethylene for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Polyvinyl Chloride for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Polypropylene for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Polystyrene for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Polyamide for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Polyurethane for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Polyacrylamide for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Packaging for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Electronics for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Food for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Petrochemicals for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Healthcare for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Building & Construction for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Electronics & Communication for the Period 2020-2030
  • Historical Data and Forecast of Singapore Polymers Market Revenues & Volume By Transportation for the Period 2020-2030
  • Singapore Polymers Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Application
  • Singapore Polymers Top Companies Market Share
  • Singapore Polymers Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Polymers Company Profiles
  • Singapore Polymers Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Singapore Polymers Market Overview

3.1 Singapore Country Macro Economic Indicators

3.2 Singapore Polymers Market Revenues & Volume, 2020 & 2030F

3.3 Singapore Polymers Market - Industry Life Cycle

3.4 Singapore Polymers Market - Porter's Five Forces

3.5 Singapore Polymers Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Singapore Polymers Market Revenues & Volume Share, By Product, 2020 & 2030F

3.7 Singapore Polymers Market Revenues & Volume Share, By Application, 2020 & 2030F

4 Singapore Polymers Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Singapore Polymers Market Trends

6 Singapore Polymers Market, By Types

6.1 Singapore Polymers Market, By Type

6.1.1 Overview and Analysis

6.1.2 Singapore Polymers Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Singapore Polymers Market Revenues & Volume, By Thermoplastics, 2020-2030F

6.1.4 Singapore Polymers Market Revenues & Volume, By Thermosets, 2020-2030F

6.1.5 Singapore Polymers Market Revenues & Volume, By Elastomers, 2020-2030F

6.2 Singapore Polymers Market, By Product

6.2.1 Overview and Analysis

6.2.2 Singapore Polymers Market Revenues & Volume, By Polyethylene, 2020-2030F

6.2.3 Singapore Polymers Market Revenues & Volume, By Polyvinyl Chloride, 2020-2030F

6.2.4 Singapore Polymers Market Revenues & Volume, By Polypropylene, 2020-2030F

6.2.5 Singapore Polymers Market Revenues & Volume, By Polystyrene, 2020-2030F

6.2.6 Singapore Polymers Market Revenues & Volume, By Polyamide, 2020-2030F

6.2.7 Singapore Polymers Market Revenues & Volume, By Polyurethane, 2020-2030F

6.3 Singapore Polymers Market, By Application

6.3.1 Overview and Analysis

6.3.2 Singapore Polymers Market Revenues & Volume, By Packaging, 2020-2030F

6.3.3 Singapore Polymers Market Revenues & Volume, By Electronics, 2020-2030F

6.3.4 Singapore Polymers Market Revenues & Volume, By Food, 2020-2030F

6.3.5 Singapore Polymers Market Revenues & Volume, By Petrochemicals, 2020-2030F

6.3.6 Singapore Polymers Market Revenues & Volume, By Healthcare, 2020-2030F

6.3.7 Singapore Polymers Market Revenues & Volume, By Building & Construction, 2020-2030F

6.3.8 Singapore Polymers Market Revenues & Volume, By Transportation, 2020-2030F

6.3.9 Singapore Polymers Market Revenues & Volume, By Transportation, 2020-2030F

7 Singapore Polymers Market Import-Export Trade Statistics

7.1 Singapore Polymers Market Export to Major Countries

7.2 Singapore Polymers Market Imports from Major Countries

8 Singapore Polymers Market Key Performance Indicators

9 Singapore Polymers Market - Opportunity Assessment

9.1 Singapore Polymers Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Singapore Polymers Market Opportunity Assessment, By Product, 2020 & 2030F

9.3 Singapore Polymers Market Opportunity Assessment, By Application, 2020 & 2030F

10 Singapore Polymers Market - Competitive Landscape

10.1 Singapore Polymers Market Revenue Share, By Companies, 2023

10.2 Singapore Polymers Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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