Ionomer Resins Market - Regional Analysis
North American Market Insights
North America industry is poised to account for largest revenue share by 2035, attributed to increasing ready-to-eat food and fast food.. The growth of the market can be attributed to the increasing ready-to-eat food and fast food. It was observed that over one-third of American adults, or 36.6 percent of all adults, or roughly 85 million people, eat fast food each day, including pizza. People aged 40 to 59 (44.9%) and those aged 20 to 39 (44.9%) had greater percentages. Further, the rising usage of cosmetic products in the region is predicted to positively influence the market growth over the forecast period.
APAC Market Insights
The Asia Pacific region is expected to hold a significant position in the market seeing rapid growth in the food & beverage industry. Rising disposable income and growing demand for food are working as major drivers that are driving the growth of ionomer resins in this region. Additionally, the growth of extrusion technologies owing to the investment by the market players in the Research and Development activities is also driving the growth of ionomers resins in the Asia Pacific region. Besides market players, the government of this region also provides funds for research and development.
