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The piperylene market size is estimated to grow by USD 499.9 million at a CAGR of 5.56% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for piperylene-based adhesives in various industries, particularly in the automotive and construction sectors. Additionally, the expanding economies in Asia-Pacific and other regions are driving the market's growth as they increase their production capacities and consumption of piperylene. However, the market faces challenges related to the growing concerns over pollution and degradability issues associated with plastic products, leading to a shift towards eco-friendly alternatives. Piperylene, a key building block in the production of polyesters and polyamides, is an essential raw material for the manufacturing of these plastics. Piperylene is a valuable chemical used in the production of adhesives, paints, rubber, polymers, epoxy resins, elastomers, coatings, plastics, and various other industries. As such, the market's growth is also influenced by the trends in the plastic industry, including the development of biodegradable plastics and the increasing use of recycled plastics. Overall, the market is poised for steady growth in the coming years, driven by the demand for piperylene-based adhesives and the expanding economies, while facing challenges related to environmental concerns and the shift towards eco-friendly alternatives.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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