Augmented reality and virtual reality Market is expected to grow at a CAGR of 7%-9% by 2026 – An exclusive market research report by Lucintel
Lucintel’s latest market report analyzed that Augmented reality and virtual reality provides attractive opportunities in food & beverage, consumer goods, healthcare, and industrial packaging applications. The Augmented reality and virtual reality market is expected to grow with a CAGR of 7%-9%. In this market, LDPE (Low Density Polyethylene) is the largest segment by type, whereas food & beverages are largest by application.
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Based on type, the Augmented reality and virtual reality market is segmented into LDPE (low density polyethylene), PP (polypropylene), HDPE (high density polyethylene), PET (polyethylene terephthalate), PS (polystyrene), and PVC (polyvinyl chloride). The LDPE (low density polyethylene) segment accounted for the largest share of the market in 2020 as it has flexibility, moisture barrier, toughness, chemical resistance, availability of LDPE resins at cheap rates, and it is used for a wide range of industries.
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The Augmented reality and virtual reality market is marked by the presence of several big and small players. Some of the prominent players offering Augmented reality and virtual reality include ExxonMobil, Sinopec, LyondellBasell Industries Holdings, SABIC, PetroChina, and DowDupont.
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