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The market for cross linked polymers is rising due to the accelerating demand for eco-friendly and water-based coatings as it has very low VOCs emissions. Moreover, the market is aided by the growing awareness in energy conservation, mainly in industries where insulation or coating is necessary. The product can be customised on the basis of density for various applications. Further development of the product for an extensive range of applications is expected to enhance the market growth in the forecast period. In addition, the increasing construction activities across the globe has further led to the rising demand for floor coatings. Thereby, aiding the cross linked polymers industry.
The market is being led by intensive competition between the key players in the cross linked polymers industry, such as Dow Chemical Company (NYSE: CTA-B) and Borealis AG. Borealis AG offers a range of cross linked polymers that are used for various end-uses applications. The company, with the launch of Queo™, which is a multitalented polyolefin plastomers and elastomers, is expected to enable innovation in the industry. The polymer solutions are in high demand as they fulfil sophisticated sealing, compatibility, flexibility, and processability requirements. The new product, whose portfolio was expanded in 2016, is expected to be used to develop new solutions and widen the application range to offer unique characteristics.
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Dow Chemical Company, Borealis AG, Akzo Nobel N.V., and Novostrat Limited, among others, are the key players in the global cross linked polymers market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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