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Integration of Methylpentene Copolymer in Automotive Industry to boost the market growth| Exclusive Insights in the future

(AsiaNewsWire.Net, November 12, 2019 ) Market Outlook:-
The Global Methylpentene Copolymer Market will grow at a CAGR of 4% during the forecast period 2019-2026.

Methylpentene copolymer is a thermoplastic polymer of methylpentene monomer units. It is a lightweight, high-temperature crystalline polyolefin. It possesses the lowest density among all other thermoplastic polymers with non-polar structure.

Market Dynamics:-
Market Drivers:
• Methyl pentene copolymers is a lightweight, high-temperature polyolefin with excellent electrical insulator properties all these key factors are fueling the growth of the global Methylpentene Copolymer Market.

• Additionally, methylpentene copolymer offers properties such as heat resistance, impact resistance, and is lightweight, finding significant applications in the automotive industry.

• Hence, growth in the automotive industry is expected to boost the Methylpentene Copolymer Market. For instance, according to the China Association of Automobile Manufacturers and the Society of Indian Automobile Manufacturers, in 2016, sales of cars in China was 28 million units.

Market Restraints:
• However, due to rising environmental concerns is a significant factor hampering the growth of this market. Plastic pollution is a major ecological concern nowadays. Around 4 Million tons of garbage is disposed of every day, out of which 0.60 Million tons are plastics.

Market Segmentation:-
Industrial Waste Management is segmented on the basis of industries, and services.

Based on industry, Industrial Waste management is classified into,
• Manufacturing
• Mining
• coal combustion
• oil & gas production
• others

Manufacturing industries dominate the Industrial Waste Management market as global demand for the goods is driven by increased consumption in the developing economies such as India, China, Indonesia which is growing annually. Coal combustion follows next with high industrial waste as major developing countries are highly dependent on their thermal coal power plants so high amount of fly ash generates, which is the An industrial waste in these countries.

Based on the services, Industrial Waste Management market is classified into,
• Disposal services
o Landfills
o Recycling
o Composting & Anaerobic digestion
o others
• Collection services
o Collection & Transportation
o Storage & Handling
o Sorting

Among these, the disposal service segment is anticipated to dominate the global waste management market throughout the forecast period 2019-2026 as more of the new disposal machines are getting developed which offers more investment opportunities in this segment through the process of converting the industrial waste into useful energy.

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Geographical Trends:-
Geographically, the MPC market is generally divided into North America, Europe, South America, Asia-Pacific and the rest of the world.

Insights regarding the region:
• North America is the major dominating region promoting industrial waste management growth.

• Countries in North America and Europe have enacted stringent regulations about the collection, recycling, landfill, and incineration of industrial waste.

• Different Asia Pacific countries, especially India, China, and ASEAN, are beginning to shift toward sustainable industrial waste management.

• However, several developing and under-developed nations in Middle East & Africa and Latin America are struggling hard to implement the regulations on the collection, recycling, landfill, and incineration of industrial waste.

Competitive Landscape:-
Industrial Waste Management Market is highly competitive due to the presence of significant waste management players, such as
• Clean Harbors, Daiseki Co.
• Waste Management
• Suez Environment S.A.
• Advanced Disposal Services
• Veolia Environment S.A
• Covanta
• Others

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