Market Overview:
The global plastics and polymers market is expected to reach USD 792.8 billion by 2030, registering a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for plastics and polymers from various end-use industries such as packaging, automotive, construction, textile, industrial and consumer goods. In terms of volume, the global plastics and polymers market is projected to grow at a CAGR of 4.4% during the forecast period 2018-2030. Based on type, thermoplastic polymers accounted for majority share in 2017 and are expected to maintain its dominance throughout the forecast period due to their properties such as high toughness & strength; good chemical resistance; ease of processing; recyclability; low manufacturing cost; and design flexibility.
Product Definition:
Plastics are a large and diverse class of materials made from organic molecules. The term “plastic” is derived from the Greek word plastikos, which means to mold or give form. Polymers are long chains of repeating molecules that can be molded into different shapes. The importance of plastics and polymers comes from their unique combination of properties, including toughness, strength, light weight, durability, and chemical resistance. Plastics and polymers have revolutionized many industries, including transportation (automobiles), packaging (food containers), construction (windows and doors), medical devices (implants), and electronics (LCDs).
Thermoplastic Polymers:
Thermoplastic polymers are synthetic organic compounds that contain mostly hydrogen and oxygen, with other minor components derived from petroleum. They are resistant to heat, but can be re-melted by a specific temperature called the melting point.
The global thermoplastic market is expected to witness significant growth over the forecast period owing to its increasing demand in end-use industries such as automotive & transportation and building & construction.
Thermosetting Polymers:
Thermosetting polymers are cross-linked polymeric resins that do not melt. They have high heat resistance and strength, which makes them suitable for molding in the production of plastic components and other industrial goods. The demand for thermosetting plastics is expected to grow on account of their increasing application scope in electrical & electronics, automotive industry owing to properties such as excellent mechanical strength, dimensional stability, corrosion resistance along with ease of processing offered by them.
Application Insights:
The packaging application segment led the global plastics and polymers market in 2017. The segment is likely to witness significant growth on account of rising demand for packaged food, beverages, cosmetics and other products from various end-use industries. Moreover, increasing penetration of e-commerce has resulted in a rise in the number of product deliveries which has boosted demand for packaging solutions including flexible containers and bags.
Automotive was the second largest application segment accounting for 24% share of the total revenue in 2017 owing to increasing production levels of passenger cars.
Regional Analysis:
Asia Pacific was the leading segment and accounted for over 45% of global revenue in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing automotive production, growing industrialization, and favorable government policies promoting investments in construction & infrastructural sectors across emerging economies such as India, China, Indonesia among others.
The market in Europe is anticipated to witness considerable growth during the forecast period owing to rising demand from various end-use industries including packaging, consumer goods along with a positive outlook on automotive industry growth post Brexit scenario. North America emerged as second largest regional market accounting for 24% of total volume share in 2017 due to high consumption levels of plastics within packaging applications coupled with their wide scope for use within medical devices sector which has led it being ranked third globally by Market Research Future (MRF).
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, packaging and electrical & electronics
- Rising demand for lightweight and durable plastics in automobiles
- Growing consumption of polymers in medical applications
- Increasing use of bioplastics across various applications
- Technological advancements in the production of plastics and polymers
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastics & Polymers Market Research Report
By Type
Thermoplastic Polymers, Thermosetting Polymers
By Application
Packaging, Automotive, Construction, Textile, Industrial, Consumer Goods, Others
By Companies
DowDupont, LyondellBasell, SABIC, Covestro, LG Chem, DowDupont
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Plastics & Polymers Market Report Segments:
The global Plastics & Polymers market is segmented on the basis of:
Types
Thermoplastic Polymers, Thermosetting Polymers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, Automotive, Construction, Textile, Industrial, Consumer Goods, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DowDupont
- LyondellBasell
- SABIC
- Covestro
- LG Chem
- DowDupont
Highlights of The Plastics & Polymers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermoplastic Polymers
- Thermosetting Polymers
- By Application:
- Packaging
- Automotive
- Construction
- Textile
- Industrial
- Consumer Goods
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastics & Polymers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastics and polymers are materials that are composed of many small molecules (called "monomers") linked together. These materials can be shaped into a wide variety of objects, from simple pieces of plastic to complex structures like cars and airplanes. Plastics and polymers are often used in products because they're strong, durable, and lightweight.
Some of the key players operating in the plastics & polymers market are DowDupont, LyondellBasell, SABIC, Covestro, LG Chem, DowDupont.
The plastics & polymers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastics & Polymers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plastics & Polymers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastics & Polymers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plastics & Polymers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plastics & Polymers Market Size & Forecast, 2020-2028
4.5.1 Plastics & Polymers Market Size and Y-o-Y Growth
4.5.2 Plastics & Polymers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Thermoplastic Polymers
5.2.2 Thermosetting Polymers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Packaging
6.2.2 Automotive
6.2.3 Construction
6.2.4 Textile
6.2.5 Industrial
6.2.6 Consumer Goods
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastics & Polymers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plastics & Polymers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Thermoplastic Polymers
9.6.2 Thermosetting Polymers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Packaging
9.10.2 Automotive
9.10.3 Construction
9.10.4 Textile
9.10.5 Industrial
9.10.6 Consumer Goods
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Thermoplastic Polymers
10.6.2 Thermosetting Polymers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Packaging
10.10.2 Automotive
10.10.3 Construction
10.10.4 Textile
10.10.5 Industrial
10.10.6 Consumer Goods
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Thermoplastic Polymers
11.6.2 Thermosetting Polymers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Packaging
11.10.2 Automotive
11.10.3 Construction
11.10.4 Textile
11.10.5 Industrial
11.10.6 Consumer Goods
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Thermoplastic Polymers
12.6.2 Thermosetting Polymers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Packaging
12.10.2 Automotive
12.10.3 Construction
12.10.4 Textile
12.10.5 Industrial
12.10.6 Consumer Goods
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Thermoplastic Polymers
13.6.2 Thermosetting Polymers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Packaging
13.10.2 Automotive
13.10.3 Construction
13.10.4 Textile
13.10.5 Industrial
13.10.6 Consumer Goods
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plastics & Polymers Market: Competitive Dashboard
14.2 Global Plastics & Polymers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DowDupont
14.3.2 LyondellBasell
14.3.3 SABIC
14.3.4 Covestro
14.3.5 LG Chem
14.3.6 DowDupont
